Hours after becoming the first nation to authorise bitcoin as a legal tender, El Salvador’s President Nayib Bukele instructed a state-owned geothermal electric company to plan to use geothermal energy from the country’s volcanoes for mining for the cryptocurrency.“I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan…
The crypto market has bounced back on Wednesday, with bitcoin, Ethereum (ether), Cardano (ada) and dogecoin all showing signs of recovery following a major price crash at the start of the week.The cryptocurrencies were boosted by news from El Salvador that BTC will officially be recognised as legal tender, allowing people to use it to…
El Salvador may be the first country to adopt bitcoin as legal tender, but recent developments suggest that it might not be the last.Politicians in several other countries in Latin America have already expressed an interest, with some even adding bitcoin laser eyes to their Twitter profiles as a symbol of support for the cryptocurrency.Bitcoin…
The FBI’s successful recovery of the cryptocurrency ransom paid to the hackers of Colonial Pipeline could lead to a further tumble in bitcoin prices, some analysts have warned, as the coin heads towards a potential “death cross” indicative of more sell-offs. Market watchers say if the average price of BTC over the last 50 days…
The price of bitcoin fell suddenly by 10 per cent on Tuesday, prompting a market-wide downturn that saw billions wiped from Ethereum (ether), Cardano (ada) and dogecoin.Bitcoin is trading at just above $32,000, having reached close to $40,000 at the end of last week. The latest dip took the overall market cap of all cryptocurrencies…
The price of bitcoin fell suddenly by 10 per cent overnight, prompting a market-wide downturn that saw billions wiped from Ethereum (ether), Cardano (ada) and dogecoin.Bitcoin was trading at just above $32,000 on Tuesday morning, having reached close to $40,000 at the end of last week. The latest dip took the overall market cap of…
The crypto market is settling down on Monday after a weekend of stage invasions, explicit coins and support from the president of El Salvador.The past few days saw the staging of Bitcoin 2021 – billing itself as the largest crypto event in history, and welcoming tens of thousands to talk about digital currencies.Arguably the most significant…
The president of El Salvador has declared bitcoin “legal tender”, allowing it to be used as an official form of currency in the country.President Nayib Bukele is the first world leader to formally adopt bitcoin or any other decentralised cryptocurrency, and emphasised his enthusiasm for the digital currency by adding “laser eyes” to his Twitter…
Elon Musk has caused the price of CumRocket to shoot up by nearly 400 per cent in just 10 minutes after he tweeted a series of emojis that appeared to reference the adult-themed cryptocurrency.The alternative crypto, which describes itself as “the leading 18+ NFT platform for adult creators”, rose from $0.06 to $0.28 on Saturday…
After the worst calendar month on record for bitcoin, the crypto market has finally begun to settle at the start of June.A slight upward trajectory for several leading cryptocurrencies like Ethereum has even hinted that we may be in the early stages of a recovery, though analysts remain divided over whether the latest crash was…