Tag Archives: Bitcoin News

The Roman Catholic Archdiocese of Washington, D.C. has selected Engiven as the platform through which his church will accept its next round of donations. The big clincher? Engiven is a cryptocurrency-based non-profit donation enterprise, meaning all money going to charities or other companies through Engiven is doled out in digital currency. Engiven Will Help with Your Church’s Crypto Donations The Archdiocese has announced that the company’s services will be utilized to...

Central America and bitcoin continue to be like two peas in a pod. Initially, the trend of Central America accepting and using bitcoin like it was actual money began with El Salvador in 2021. The country was the first to declare BTC legal tender and it hasn’t looked back. Now, the neighboring region of Honduras – while not going as far as to declare bitcoin money – is using the world’s number one digital currency to attract tourism through what it’s calling “Bitcoin...

A handful of lawmakers in the U.S. are pushing to do away with crypto taxes on small transactions. Will Crypto Taxes Become a Thing of the Past? Right now, capital gains taxes are required on all crypto transactions that garner profits for their owners. Let’s say you buy $100 worth of bitcoin. You hold onto it for some time and that $100 eventually becomes $1,000. You then sell the BTC. You’ve made $900 in profit through that transaction, and you’ll likely owe taxes to...

Bitcoin – along with several other leading digital currencies like Ethereum, Cardano, and Solana – rose quite a bit in recent weeks and was trading for just over $24,000. Many analysts assumed that $25,000 was right around the corner. Bitcoin Has Jumped a Few Thousand Bucks There appear to be several reasons as to why bitcoin suddenly surged, a big one being that recession fears are starting to dwindle. There have been several worries permeating the financial space as of...

El Salvador is beginning to feel the heat in the bitcoin kitchen. The Central American nation has tried so hard to buy bitcoin and make the digital asset part of its balance sheet that things ultimately worked a little too well. Now that the currency is sinking into oblivion, El Salvador is doing all it can to protect itself and keep its economy stable as digital assets strive to make a return. El Salvador Is Trying to Buy Back Debt The nation announced it was going to...

Late July saw bitcoin rise above the $23,000 mark for the first time in over a week. The world’s number one digital currency saw itself spike after the Fed decided to push rates another 75 points. Bitcoin Spikes Following Rate Hikes The behavior is just more proof that bitcoin is very unpredictable, as up to this point, ongoing rate hikes have often been the leading culprit behind the bitcoin dips we’ve been witnessing in recent weeks. Bitcoin has been on something of a...

Black Enterprise – a program that focuses on wealth building in the black community – is putting together its first Future of Financial Services summit which will focus on fintech, cryptocurrency, and wealth. Black Enterprise Introduces Crypto to Attendees The idea is to give more African Americans the opportunity to invest in cryptocurrency and add blockchain projects to their portfolios. Up until this point, it is widely believed that the standard financial market has...

James Howells is a man who will do just about anything to get his lost bitcoins back. James Howells Is Really Eager to Find His Lost Funds About nine years ago, Howells accidentally discarded a zip drive that contained as many as 8,000 individual bitcoin units. These units are lost somewhere in a city dump – a dump that local officials refuse to let him dig through. These bitcoin units would be worth more than $180 million at the time of writing, and Howells says he has...

Miami mayor Francis Suarez says he’s still crazy about bitcoin and he’s not concerned about the recent price dips. Francis Suarez Still Thinks BTC Is the Future Bitcoin is the world’s number one digital currency by market cap. Last November, the currency impressed the world and rose to a whopping $68,000 per unit, though now, the asset is struggling just to maintain a low $20K position. The currency has lost more than 70 percent of its overall value in what has arguably...

Bitcoin price started a fresh decline below the $22,500 zone against the US Dollar. The price is now trading below $22,000 and the 55 simple moving average (4-hours). There was a break below a major rising channel with support near $23,750 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to decline further it there is no recovery above the $21,750 resistance. Bitcoin price is struggling below $22,000 against the US Dollar. BTC...