Photo: Pymnts.com
Bitcoin Gets Its New Investor; El Salvador To Accept Cryptocurrency
Nayib Bukele, the President of El Salvador, announced on September 6 that Salvador bought its first 200 bitcoins. On September 7, El Salvador is likely to legalize bitcoin & accept cryptocurrency as legal tender. This move is expected to bring more people… read-more
Tags: Cryptocurrency, el salvador, Bitcoins, Currency
Courtesy: NDTV
Photo: Bing
Bitcoin Mining 'Emits' More Carbon, Consumes 1752.79 KWh of Electrical Energy
Not only has the value of Bitcoins continued to soar since 2020, but also the energy that is used during "cryptocurrency mining". Recent findings suggest that a single Bitcoin transaction consumes 1752.79 kilowatts hours (KWh) of electrical energy, which is equal to the energy absorbed during 1.2 million VISA transactions. Cryptocurrency mining emits greenhouse gas that is almost equal to spending 138,762 hours on YouTube.
Tags: Bitcoins, Mining sector, CO2 emission, Energy Consumption
Courtesy: Business Insider
Photo: Bloomberg.com
China Government Toughens Stances Against Cryptocurrency
China's crackdown on cryptocurrency tightened as the Central bank of China urged banks and payment firms to crack down harder on cryptocurrency trade on June 21. People's Bank of China urged the payment firms and banks to thoroughly check their client's accounts in order to identify the ones engaged in cryptocurrency trade and cut off their payment channels. Currently, bitcoin is at a two-week low and ether a five-week low.
Tags: Cryptocurrency, China, Bitcoins, Ether
Courtesy: The Times of India
Photo: Paypal
PayPal Enters Cryptocurrency Market, To Allow Transactions From 2021
US-based payment processing company, PayPal, on October 21 announced its entry into the cryptocurrency market. The company stated that using its online wallets, customers can purchase and sell bitcoins, which can be used for other transactions from early 2021. Reportedly, PayPal has also received a conditional cryptocurrency licence from the US authorities. The company's CEO believed that it can play an important role in the "digital-currency… read-more
Tags: Cryptocurrency, Bitcoins, Paypal, Digital Currency
Courtesy: Reuters
