Tag Archives: Bitcoin

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...

Not too long ago, Live Bitcoin News put out an article discussing the worried attitude in El Salvador regarding the new law that would allow bitcoin to become legal tender starting next week. It appears the situation has escalated quickly, as people have gone from being concerned about volatility and business measures to straight up being anti-crypto. There are several protests going on in the Central American country, and many people are not too happy about the...

It appears Coinbase – one of the most popular crypto exchanges in the western hemisphere – has had a little security hiccup it needs to make up for. The trading platform accidentally sent out emails or text messages to a multitude of customers claiming that their two-factor authentications were compromised or changed in some way. This was not true, and now the company is looking to reward these customers with approximately $100 in bitcoin as a way of saying, “Our bad!”...

John Paulson – an investor with billions of dollars to his name – is no fan of bitcoin and has apparently joined the “Warren Buffett” club of billion-dollar bitcoin haters. John Paulson Thinks Crypto Is “Worthless” In a recent interview, Paulson – the co-founder of the Carlyle Group – described bitcoin as a “limited supply of nothing.” He further stated that the entire crypto industry was a huge “bubble” that would eventually prove itself to be “worthless.” The Carlyle...

El Salvador is all set to make bitcoin legal tender by next week, and yet already the country is experiencing a lot of resistance and fear from its own people. El Salvador Is Pushing Bitcoin, But Not Everyone’s Happy In many ways, bitcoin is still a new – and struggling – technology. The world’s number one digital currency by market cap, like many of the globe’s cryptocurrencies, was initially designed to serve as a payment tool; something that would ultimately push...

Bitcoin price failed to gain pace above the $49,000 resistance against the US Dollar. The price is now trading below $48,000 and the 55 simple moving average (4-hours). There are two bearish trend lines forming with resistance near $48,000 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 continue higher in the near term. Bitcoin price is struggling to climb above $48,000 against the US Dollar. BTC...

Cryptocurrency miners from China are now beginning to set up shop in neighboring countries such as Russia and Kazakhstan. As a result, they are coming back online to extract new bitcoin units, and they are again presenting serious competition to miners in the United States and other bitcoin havens. Miners in China Are Setting Up Shop Elsewhere Not long ago, Beijing ruled that all mining in China was to be banned, claiming that the hazards of bitcoin mining were simply...