Tag Archives: Bitcoin News

Legendary investor Mark Mobius doesn’t think much of bitcoin. He also doesn’t think much of El Salvador’s decision to make bitcoin legal tender. In a fiery new interview, he says that the Central American country is likely to stand on its own in this department, and he doesn’t see other countries following suit when it comes to digital currency. Mark Mobius on El Salvador’s BTC Decisions El Salvador first declared in June that it was going to make bitcoin legal tender....

Bitcoin is officially legal tender in El Salvador. The Central American country has been claiming for some time that it was going to declare the world’s number one digital currency by market cap the equivalent of the U.S. dollar and now that step has been taken, but unfortunately, the transition is proving to be somewhat turbulent as the nation’s regulators didn’t foresee all that could occur ahead of time. El Salvador Is Having a Rough Transition Let’s start with the...

Investment firm Franklin Templeton has posted two job ads on LinkedIn. The company is looking to hire both a cryptocurrency trader and a crypto researcher to join the team. Franklin Templeton Is Hiring for Its New Crypto Department Many large companies have been delving in cryptocurrency as of late. Initially, things just started out with institutions investing in digital currency and adding bitcoin to their investment rosters. Institutions such as MicroStrategy and...

Bitcoin price failed to stay above $52,000 and declined heavily against the US Dollar. The price is now trading below $48,000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $51,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $46,500 support level to recover higher in the near term. Bitcoin price is showing bearish signs below $48,000 against the US...

As of late, bitcoin and cryptocurrency are being used all the time to pay for travel expenses such as flights and hotel stays, but is paying for these items with crypto a good idea? Travel and Bitcoin: A Solid Match? For many, the idea of using bitcoin and its altcoin cousins to pay for goods and services is a dream come true and the realization of a strong financial vision. These currencies were initially designed to take over and push fiat, checks and credit cards to...

A new report from digital currency data site Crypto Head suggests that crypto fraud and theft is at an all-time high in the year 2021. There are more data breaches and infiltrations of exchanges and trading platforms occurring this year than at any other point in the history of cryptocurrency. Crypto Head: Digital Currency Theft Has Reached a New Peak This is to be expected in many ways given that the crypto space has risen to boast a valuation of more than $2 trillion....

According to a new survey, approximately three quarters of El Salvador residents are not crazy about their country adopting bitcoin as an official currency, citing confusion over how the asset works as the primary reason. El Salvador Is Creating Turmoil Through Bitcoin El Salvador has been largely dependent on the U.S. dollar to get around and operate in the world, but now the country is doing something that no nation has ever done before: it’s declaring bitcoin legal...

The Congress of El Salvador has voted unanimously to approve a $150 million fund that will allow for bitcoin to fiat conversions in the country. El Salvador Is Really Pushing BTC Forward El Salvador is the first country to declare bitcoin legal tender. The country will permit bitcoin transactions for goods and services as though bitcoin was fiat currency beginning on September 7, though the journey has come with a few ups and downs, the first one arguably being that El...

A husband – who currently remains anonymous – is learning some hard lessons about love, life, and bitcoin investing. In a recent post on Reddit, the man admitted to squandering as much as 50,000 pounds of bitcoin in a bad investment. He now has none of the funds left and admitted in the post that he still has not been able to tell his wife. A Husband That Can’t Tell His Wife… The husband wrote on social media that he was “wracked with guilt” and that he could “barely...

What’s going to make bitcoin bigger than ever? According to billionaire investor Anthony Scaramucci, the answer is “trust.” Anthony Scaramucci Discusses BTC in New York Right now, trust – or the lack thereof – is getting in the way of the asset’s progress. Many are worried about the currency’s volatility and the fact that it is so vulnerable to price swings. Just four months ago, the asset managed to rise to a new all-time high of approximately $64,000 per unit, though...