President Bukele of El Salvador has announced the country bought 150 more bitcoin bringing the total to 700 coins or 30.8 million U.S. dollars. It comes after he made bitcoin legal tender.
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El Salvador has become the first country in the world to adopt Bitcoin as legal tender. The move has been welcomed by many and protested by others citing a lack of confidence in the unstable currency.
Poly Network, the crypto platform that was recently hacked and had millions in cryptocurrencies stolen, has confirmed that it has received all the money back from the hacker and is restoring service.
PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1.
Accountants and financial advisors have warned that people may unknowingly be accruing high capital gains tax bills by using crypto-based debit and credit cards to make purchases in stores.
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The insolvency firm Begbies Treynor has warned governments could miss out on huge sums of tax if they do not get to grips with cryptocurrencies and put regulations and tax measures in place.
U.S. IT firm Kaseya was rocked by a massive ransomware attack over the weekend in an attack that potentially affects thousands of companies. The responsible group has now demanded $70M in Bitcoin.
The U.S. DoJ has announced that it has seized $2.3 million worth of Bitcoin that had been paid to ransomware-as-a-service group DarkSide, which was involved in the Colonial Pipeline attack last month.
El Salvador's President Nayib Bukele has announced plans to make Bitcoin legal tender of the country. At 39 he is the youngest president in Latin America and is known to break from norms.
Square CEO Jack Dorsey has said that the company is contemplating the creation of a bitcoin hardware wallet to help broaden the appeal of the cryptocurrency to the next 100 million people.
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UK police have busted a bitcoin mining operation that was running on stolen electricity. West Midlands Police has now seized the computers and is making enquiries into those behind the operation.
The UK's Advertising Standard Authority has banned some Luno bitcoin ads from London's transport network for failing to warn users that bitcoin is not regulated and that they could lose money.
The end of 2020 saw a rise in the prices of cryptocurrencies which caused a rise in mining. However, if you are still not sure about mining then you can check out our guide to set up a mining rig.
Sony Interactive Entertainment wants to bring betting to its consoles. It has filed a patent that would allow players to bet on esports using fiat currency, bitcoin, or even in-game items.
Clubhouse, the invite-only audio social media platform which has been exclusive to iOS since its launch, has announced general availability of its Android app. It was released as a beta last week.
Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels, according to a statement by CEO Elon Musk.
Reports suggest President Biden will increase the capital gains tax to 39.6%. This has sent the price of bitcoin and other cryptocurrencies tumbling but it's too early to say what will happen next.
PayPal has announced that Venmo users can now buy, hold, and sell cryptocurrency directly in the Venmo app. PayPal itself started supporting the new currency type at the end of March.
A study finds that 40% of China's bitcoin mining is powered by coal and will produce 130.5 million metric tons of carbon emissions by 2024. This would hamper the country's control of CO2 emissions.
PayPal has launched Checkout with Crypto, a new service that allows consumers in the United States to pay with cryptocurrencies like bitcoin. Merchants all over the world receive the money as fiat.
In February Tesla purchased $1.5B worth of Bitcoin and announced it's working on accepting it as a mode of payment. Now, Elon Musk has confirmed that customers in the US can buy Tesla using Bitcoin.
India is planning a major crackdown on cryptocurrencies by introducing a new bill banning users from trading or holding cryptocurrencies. The bill will give traders six months to sell their positions.
PayPal has acquired the cryptocurrency firm Curv to bolster its credentials in the field as it looks to offer these services to users around the world in the first half of the year.
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Nvidia has announced that the Ethereum mining performance on its upcoming RTX 3060 graphics card will be downgraded, and it's also launching dedicated Cryptocurrency Mining Processors.
Bitcoin has passed $50,000 for the first time in its history. It comes after more businesses expressed their interest in the cryptocurrency and Tesla said it would be allowing bitcoin payments.
Today, Bitcoin wallet BitPay announced that it has added support for Apple Pay allowing users to link BitPay Mastercard to Apple Pay and pay for goods with cryptocurrencies like Bitcoin and Ethereum.
Following Tesla's purchase of $1.5 billion worth of bitcoin, the cryptocurrency has achieved a new all-time high of $47,725. As always, it's unclear what will happen to the price in the coming weeks.
In an SEC filing, Tesla has revealed that it purchased $1.5 billion worth of bitcoin. It also said that it's planning to allow customers to buy cars from it using bitcoin payments.
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The Indian government is looking for parliament to debate a bill which would ban bitcoin and other cryptocurrencies inside the country and allow the reserve bank to create its own cryptocurrency.
Elon Musk sent the price of bitcoin up by $6,000 today after adding #bitcoin to his Twitter profile. The price of bitcoin had been lingering around $32,000 with some expecting it to fall lower.
Two firms have announced that they're working with the NHS to help it monitor cold storage units holding the COVID-19 vaccine. They are also leveraging blockchain technology to keep trusted logs.
In a joint effort by multiple countries with help from Europol, authorities arrested an Australian citizen linked to DarkMarket and proceeded to shut down over 20 site servers in Ukraine and Moldova.
The price of bitcoin briefly reached $40,000 on Thursday before retreating a bit. It's not clear what will happen to the price going forward but it has certainly piqued people's interest.
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Bitcoin has finally become worth more than $20,000. The cryptocurrency has been lingering in the $19,000 price range for a while now. The price rise could boost people's interest in the asset.
Following a $3,000 crash last week, bitcoin has recovered and is now in touching distance of $20,000. Bullish observers think bitcoin will continue to aim for highs above $20,000 in the future.