El Salvador is buying 500 bitcoins while the cryptocurrency sell-off continues

El Salvador President Nayib Bukele gesticulated during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) on Mizata Beach, El Salvador, where he announced “Bitcoin City” on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $ 15.5 million worth of bitcoin to its balance … Read more

El Salvador is buying 500 bitcoins while the cryptocurrency sell-off continues

El Salvador President Nayib Bukele gesticulated during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) on Mizata Beach, El Salvador, where he announced “Bitcoin City” on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $ 15.5 million worth of bitcoin to its balance … Read more

Bitcoin briefly fell below $ 30,000, falling more than 56% from its highest level of all time

Bitcoin fell below $ 30,000 late Monday, breaking a symbolic price threshold. At the lowest price, the world’s most popular cryptocurrency was more than 12% lower that day – and more than 56% lower than the record price in November of about $ 69,000. It later recovered from some of those losses and traded at … Read more

40% of bitcoin investors underwater: Glassnode data

Bitcoin fell nearly 55% from its peak in November, and 40% of owners are now under water for their investments, according to new data from Glassnode. That percentage is even higher when you isolate for short-term owners who got skin in the game in the last six months when the price of bitcoin peaked at … Read more

What is terraUSD (UST) and how does it affect bitcoin?

Pedestrians pass by the Bitcoin cryptocurrency exhibition on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images The multibillion-dollar bet that bitcoin can act as a “reserve currency” for the crypto economy is already being tested as the UST, a controversial stable coin, struggles to maintain its $ 1 bond. The UST … Read more

The Binance cryptocurrency exchange has received regulatory approval in France

Binance CEO Changpeng Zhao gave the keynote address at an event in the crypto industry in Paris in April 2022 to unveil a new accelerator program for so-called “Web3” start-ups. Benjamin Girette Bloomberg | Getty Images Binance has received regulatory approval to operate its cryptocurrency exchange in France. The company is now listed as a … Read more

The Binance cryptocurrency exchange has received regulatory approval in France

Binance CEO Changpeng Zhao gave the keynote address at an event in the crypto industry in Paris in April 2022 to unveil a new accelerator program for so-called “Web3” start-ups. Benjamin Girette Bloomberg | Getty Images Binance has received regulatory approval to operate its cryptocurrency exchange in France. The company is now listed as a … Read more

The crypto industry wants to go green – that’s easier said than done

BODEN, Sweden – Hidden in snowy Swedish Lapland is a modern gold mine. But instead of hoes and shovels, it’s full of thousands of computers. These machines, known as mining equipment, work 24 hours a day to find new cryptocurrency units – in this case, ethereum, the second largest token in the world. To do … Read more

The crypto industry wants to go green – that’s easier said than done

BODEN, Sweden – Hidden in snowy Swedish Lapland is a modern gold mine. But instead of hoes and shovels, it’s full of thousands of computers. These machines, known as mining equipment, work 24 hours a day to find new cryptocurrency units – in this case, ethereum, the second largest token in the world. To do … Read more