Bitcoin
The Venezuelan Army has launched a cryptocurrency mining facility as it seeks ways to generate extra income in the wake of the country's falling economy. According to a recent post by General Lenin Herrera of the Engineering Brigade, the military has inaugurated a "Digital Assets Production Center
Bitcoin
David Schwartz, Chief Technology Officer of Ripple, tweeted that the group could force the burning of billions of native XRP tokens stored in escrow to avoid the price collapse that would probably arise if those billions of frozen tokens ever flooded the market. Community Calls for Billions of XRP to
Bitcoin
Bitcoin (BTC) set a new all-time high price this week, with the leading cryptocurrency surging past its previous high of $19,666 as recorded by BitStamp on December 16, 2017. This new milestone looks to crown a very remarkable year for Bitcoin after a huge crash to $3,800 following
Bitcoin
The Government of Ukraine through its Ministry of Digital Transformation has released a web series to educate its citizens about Bitcoin (BTC), blockchain, and cryptocurrencies in general. The series which launched last week under the Ukrainian government's "Diia.Digital Education program", consists of eight episodes averaging
Bitcoin
With $275 billion in assets under management, Guggenheim Partners is looking to gain exposure to Bitcoin. The firm filed an amendment with the SEC to gain investment exposure of 10% in Grayscale Bitcoin Trust. Investment Firm Bets on Bitcoin The investment firm could allocate over $500 million from Macro Opportunities
Bitcoin
Surprisingly, the launch of the digital Euro is anticipated to take place at a much later date than expected. Central bankers have agreed that even a proof of concept for a digital Euro is four or five years away. Digital Euro to Launch in 5 Years While central bank digital
Bitcoin
Bitcoin has gained ground in 2020, despite Covid-19 and the perilous market conditions which many traditional assets were not able to handle. Bitcoin Beats the Odds in a Covid-19 World The Bitcoin rally of 2020 caught many people by surprise. In previous years, the cryptocurrency had been mocked by critics
Bitcoin
The price of Bitcoin recently fell by over $2000, giving critics more ammo in to shoot at the reputation of the apex cryptocurrency. Despite the recent wave of headlines spelling doom and gloom, there is a lot of evidence that shows that the cryptocurrency's price will bounce back.
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With each new week, people in Nigeria find more reasons to use cryptocurrencies such as Bitcoin to make their lives easier in an economy which lacks the financial infrastructure necessary to operate in a 21st century world. Nigeria Pushed to Adopt Cryptocurrency It is no surprise that Nigeria is one
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A recent publication by cryptocurrency rating agency - Weiss Ratings indicates that anticipation of a post-covid world could be fueling investors move to Bitcoin as a safe-haven asset; while other traditional assets like gold lose their attraction. According to the post by Weiss analysts, the global market reaction to recent
Bitcoin
With the race for central bank digital currencies (CBDC) heating up globally, Germany's Minister of Finance has urged the European Central Bank (ECB) to fast track its development of a digital euro. According to reports by Reuters, finance minister Olaf Scholz wants the ECB to move faster with
Bitcoin
China's President XI Jinping has called on leaders of G20 countries to move forward with the adoption and development of Central Bank Digital Currencies (CBDCs). Speaking at the 15th meeting of the world's largest developed economies held in Riyadh, Saudi Arabia; President Xi discussed the importance