A massive bitcoin price pump has been proposed by leading industry figures to celebrate El Salvador officially adopting the cryptocurrency as legal tender on 7 September.Popular crypto forums on Reddit, as well as prominent Twitter accounts, have called on people to buy $30 of bitcoin to coincide with the Bitcoin Law coming into effect, which…
Cryptocurrency prices are continuing to surge as bitcoin blasts through its landmark $50,000 price.The market is up 1.5 per cent over Friday, according to CoinMarketCap, as a result of the strong performance of both bitcoin and ethereum.Other large coins – including Dogecoin and Cardano, which has had a strong week that has seen it gain almost…
Bitcoin has staged a major price recovery in recent weeks but it is the market movements of several of its rivals that have proved the most noteworthy.Cardano (ada), Solana and Hex have all hit record highs in recent days, amid a crypto bull run that has taken the combined market cap above $2.1 trillion for…
On 20 June, with the price of bitcoin below $34,000, one analyst made the forecast that the cryptocurrency would rise by $13,000 by the end of August.On 31 August, the price of bitcoin closed at $47,156 – less than a third of a per cent off the prediction.The person making the forecast, a pseudonymous Dutch…
Bitcoin has staged a major price recovery in recent weeks but it is the market movements of several of its rivals that have proved the most noteworthy.Cardano (ada), Solana and Hex have all hit record highs in recent days, amid a crypto bull run that has taken the combined market cap above $2.1 trillion for…
Twitter CEO Jack Dorsey has revealed what he plans to do with his mysterious bitcoin startup TBD.The venture, which is a unit of Mr Dorsey’s payments firm Square, will develop a decentralised exchange that will democratise access to the cryptocurrency.“We’ve determined TBD’s direction: help us build an open platform to create a decentralised exchange for…
Large holders of bitcoin are stocking up on the cryptocurrency, according to the latest data, leading some analysts to speculate that another major price rally is imminent.So-called bitcoin whales – crypto wallets with at least $50 million worth of cryptocurrency – have increased their holdings throughout June, July and August.The last time such large-scale accumulation…
Bitcoin saw a record amount of cryptocurrency transferred through its network this week – more than two thirds more than it experienced during the price run that took it to an all-time high back in April.More than $188 billion worth of bitcoin was transferred on Tuesday, according to figures from blockchain data firm Glassnode, amid…
Bitcoin adoption in Afghanistan has shot up over the last year amid economic turmoil brought about by the Taliban’s takeover of the country, according to a new study.Afghanistan is ranked 20th out of 154 countries ranked in the Chainalysis 2021 Global Crypto Adoption Index, having not even made the list in 2020 due to negligible…
PayPal has announced that UK customers will be able to trade bitcoin and other cryptocurrencies from this week.The online payments giant will allow users to buy, sell and hold bitcoin, bitcoin cash, Ethereum (ether) and litecoin, as well as track prices and access educational content about the crypto space.The announcement has helped boost an already-resurgent…