Even before the launch, President Bukele’s push for Bitcoin was not popular at home or abroad. The IMF refused to help fund the rollout, warning of “macroeconomic, financial, and legal issues.” And Salvadorians took to the streets to protest the Bitcoin project before and after the launch. One Central American Read more…
Less than a month ago Bitcoin’s price was $40,683. Last night it reached $61,369 — a gain of more than 50% in just 24 days. CNN attributes the October surge to “hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund.” Bitcoin prices, which rose Read more…
Square CEO Jack Dorsey says the company is starting a “deep technical investigation” to create an open-source Bitcoin mining system. It comes as the price of Bitcoin passed $62,000 while threatening to pass the all-time high of $65,000. The Independent reports: Mr Dorsey said Bitcoin mining isn’t currently accessible to Read more…
Tether will pay $41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies, putting a major compliance headache behind the world’s biggest issuer of stablecoins even as regulatory scrutiny intensifies. For years, Tether told customers and the broader cryptocurrency market that it Read more…
The US overtook China as the world’s biggest source of bitcoin mining two months after Beijing banned crypto mining this year, new data have revealed. From a report: China’s share of the global hashrate — the computational power required to create bitcoin — fell from 44 per cent to zero Read more…