Detractors have been attacking Bitcoin for requiring meme-stock speculators to function, but now that the speculators have left, the doubters are blaming Bitcoin for the speculators’ absence. But here’s why the falling Bitcoin price doesn’t really matter.
Bitcoin’s popularity grows year after year. By every criteria — financial value, adoption rates, transaction volume, you name it — Bitcoin is becoming popular. Fearing its capacity to upset the financial system, banks are trying to discredit Bitcoin and cryptourrency.
As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.
With the aim of exploring opportunities to deploy blockchain technologies to address public-serving and emerging needs in California, the Governor has signed an executive order encouraging bitcoin and other crypto businesses.
Goldman Sachs’ entry into the bitcoin-backed loan market is sending ripples across the industry and marks a turning point for the industry in aspects of liquidity, legitimacy, and customer choice.
The African country of Central Africa Republic has adopted Bitcoin as legal tender alongside the CFA franc following the example of El Salvador.
Although the FX market has been generally stable over the last month, significant volumes of foreign currency purchases by banks pursuing overseas settlements create some additional pressure. As a solution to this, Ukraine has banned Bitcoin purchases with national currency amid martial law.
According to Bitbo statistics, the 19 millionth bitcoin was just mined, having left just under 2 million BTC for miners to distribute into circulation as the Bitcoin infrastructure ticks through a predetermined issuance schedule till it approaches the 21 million supply limit and stops creating new bitcoin.
Bloomberg has reported that Exxon is now mining bitcoin with excess gas which will not only increase revenues but also help the environment.
