Photo: The Balance
Bitcoin Surges By 7.5%, Reaches $67,630
Bitcoin, one of the most known crypto currency in the globe, set a historical record. As per the Trading Data, the price of Bitcoin hit an all time high above $67,000. The crypto currency on Binance increased by over 7.5 percent on November 8 to $67,630. Binance is known to be the largest crypto currency exchange in terms of trading volume.
Tags: Bitcoin, Cryptocurrency, Digital Currency, World news, Currency
Courtesy: United News Of India
Photo: ibTimes
US Surpasses China To Become World's Biggest 'Bitcoin Miner'
The United States Of America has become the world's center for Bitcoin mining. The country accounted for 35.4 percent of the global hash rate, which is a measure used to extract the digital currency. According to reports, China's observed share of Bitcoin mining has hit zero, which is down from as high as a 75% in September 2019.
Tags: Bitcoin, USA, China, US-China
Courtesy: The Economic Times
Photo: The Crypto Basic
El Salvador President To Use Bitcoin Earned Money For Veterinary Hospital
Salvador's president, Nayib Bukele on October 10 said that a certain percentage out of the $4 million earned from bitcoin will be used to establish a veterinary hospital. Besides, Bitcoin's value dropped over 10% of its value as El-Salvador became the first country to recognize cryptocurrency as legal tender. However, in the last week, its user base has increased by 30%. Moreover, the hospital will provide basic emergency treatment.
Tags: el salvador, Bitcoin, veterinary hospital, Nayib Bukele
Courtesy: Hindustan Times
Photo: CNBC
Spread of Cryptocurrency In Market May Upset Financial Stability: IMF
As the private cryptocurrency spreading its legs in the emerging markets, International Monetary Fund (IMF) warned against "cryptoization" of local economies, potentially undermining exchange and capital controls and upsetting financial stability" on October 1. IMF added, "Crytoization could also become a threat to fiscal policy, with digital assets possibly facilitating tax evasion". Reportedly, India, Vietnam, and Pakistan have registered a… read-more
Tags: Cryptocurrency, Bitcoin, IMF, Emerging market
Courtesy: NDTV
Photo: Quartz
Honduras Installs Country's First Cryptocurrency ATM
Honduras, a country in Central America has installed its first Cryptocurrency ATM machine as the demand for digital currency is growing around the world. The machine called la bitcoinera can be used by the customers to obtain cryptocurrencies like bitcoin and ethereum using the country's official currency lempira. The device was installed by the Honduran firm TGU Consulting group in the capital city of Tegucigalpa.
Tags: Honduras, Cryptocurrency, ATM machines, Bitcoin, Ethereum
Courtesy: Business Today
Photo: Bing
Bitcoin, Ether Prices Up 3%; Continue To Be In Green
Bitcoin and Ether reached fresh highs in two months, after uncertainty over cryptocurrency rules in the United States. The prices of Bitcoin soared as much as 3.1% to $45,328, while Ether increased as much as 3.5% to $3,191. "Concerns about China’s crackdown and Elon Musk-fueled questions about Bitcoin’s energy usage", as per reports. However, experts believe that the fluctuations in the crypto market may prolong.
Tags: Bitcoin, Ether, Increase, Cryptocurrency
Courtesy: Bloomberg
Photo: CNBC
Tesla May Resume Accepting Bitcoin For Payment Soon, Says Elon Musk
Tesla’s owner Elon Musk announced on July 21 that the company may resume accepting Bitcoin payments once it inspects the amount of renewable energy used to mine the currency. "Most likely Tesla would resume accepting bitcoin," Musk said. Less than two months after it had started accepting bitcoin for car purchases, the electric carmaker paused in May after the method incurred some losses due to extended trading.
Tags: Tesla, Elon Musk, Bitcoin, Renewable Energy
Courtesy: The Economic Times
Photo: CNET
Tesla's CEO Elon Musk Admits Possession Of Cryptocurrencies
Elon Musk Tesla’s CEO has acknowledged owning a few bitcoins,dogecoins, and ethereums at B Word Conference organised by Crypto Council for Innovation. He further, ingeminated the environmental concerns in correspondence to cryptocurrencies. Moreover, Musk included Tesla might continue tolerating Bitcoin as a form of transaction for its cars, after keeping a close focus on total renewable energy used in mining cryptocurrency. “I would like to… read-more
Tags: Elon Musk, Bitcoin, Tesla, Cryptocurrency
Courtesy: Money Control
Photo: Coingape
'El Salvador' Becomes World's First Country To Officialise Bitcoins
While addressing on June 24, El Salvador President Nayib Bukele announced that the recently passed Bitcoin legalisation law will come into effect from September 7. "The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it...,” said Bukele. El Salvador has become the first country to officialise cryptocurrency owing to the huge bitcoin payments that citizens send from abroad.
Tags: Nayib Bukele, el salvador, Bitcoin, legalizing cryptocurrency
Courtesy: Reuters
Photo: Blockworks
El Salvador Becomes World's 1st Country To Make Bitcoin A Legal Tender
El Salvador on June 9 became the world’s first country to accept Bitcoin as a legal tender and mandated all goods and services to accept the cryptocurrency. The government also assured backstop for the services that are skeptical about the volatility of cryptocurrency by allowing its convertibility and deposit options. Touting Bitcoin’s capability to help Salvadorans abroad to send remittances back home, President Bukele discussed the… read-more
Tags: Bitcoin, Cryptocurrency, el salvador, legal tender
Courtesy: Coindesk
