Tag: Bitcoin

bitcoin as a legal tender

Bitcoin as a Legal Tender: What that Means for All of Us?

By Elena Obukhova, founder & CEO at FAS | Fintech Advisory ServicesWe all heard the recent news that El Salvador is to become the first country to use Bitcoin as a legal tender. What would that mean for the rest of the world? Honestly, I am not surprised that the first country to do so comes from Latin America. Countries in the region have been suffering from multiple crises and economic instability.  People started losing trust in the government and central banks. In 2001, for example, Argentina froze all bank accounts and only allowed small withdrawals from peso-denominated accounts. It was not the first case of the...

Bitcoin, Cryptocurrencies

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jack dorsey - bitcoin changes everything

Jack Dorsey: “Bitcoin changes everything”

The CEO of Twitter is a great driving force behind Bitcoin, and at the Bitcoin Miami 2021 conference, he contributed his vision regarding the positive and disruptive change it brings to the global social financial system, its impact on the ecosystem, renewable energy, and more.“Bitcoin changes absolutely everything,” said the CEO of Twitter and Square at the 2021 Bitcoin Conference. Billionaire Jack Dorsey, co-founder of Twitter and Square, is extremely optimistic about the future of bitcoin, the largest cryptocurrency by market value. The Bitcoin enthusiast spread more positivity about the cryptocurrency...

Bitcoin, Cryptocurrencies, Main

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Hathor Network Launches the Hathor.Green Incentive Program

Hathor Network Launches the Hathor.Green Incentive Program

Hathor.Green is the first initiative from Hathor Network to encourage Bitcoin (BTC) mining to promote renewable energy practices.LISBON, PORTUGAL Jun 03 2021 (Blockchain Wire) Hathor Labs is proud to announce its first initiative in the environmental, social, and governance areas to further foster and support clean energy and renewables adoption for Bitcoin mining.To bring this initiative to life, the board of directors will use a pool from earlier mining periods of less mining difficulty and before the mainnet release to create a fund for rewarding sustainable merged-mining operations by individuals or professionals.Hathor...

Bitcoin, Crypto Mining, Press release

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El Salvador could adopt Bitcoin as its official currency

El Salvador could adopt Bitcoin as its official currency

El Salvador is about to become the first country to recognize bitcoin as a legal offer.El Salvador will be the first country to legalize Bitcoin, according to Salvadoran President Nayib Bukele, who made the announcement in a video recorded at the Bitcoin 2021 conference in Miami.President Nayib Bukele says that Bitcoin will make it easier for Salvadorans living abroad to send money home.El Salvador would become the first country in the world to formally recognize cryptocurrencies as legal currency, allowing the “financial inclusion of thousands of people who are currently excluded from the legal economy,” according...

Bitcoin, Crypto world, Cryptocurrencies, Main

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Bitcoin hoy - Junio - Nuevos tuits de Elon Musk - Pronostico alcista para bitcoin

Bitcoin Today – June: New Tweets From Elon Musk; Bitcoin bullish forecast

Bitcoin, Ethereum, Cardano, and Dogecoin fell again after trending up for much of yesterday.A cryptic tweet from Tesla CEO Elon Musk, hinting at a breakout with Bitcoin, caused the world’s largest cryptocurrency to crash early Friday. It also caused almost all major currencies to drop between 5% and 15%. Musk kept responding “nice” to an illustration of rival currency dogecoin published by crypto exchange Coinbase.just gonna leave this right here … pic.twitter.com/k1lUf0HnLR— Coinbase (@coinbase) June 3, 2021Musk has previously said that Tesla would not sell his bitcoin, but his tweets...

Bitcoin, Cryptocurrencies

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ABRA Now Offers 0% Interest Loans against Bitcoin and Ethereum

ABRA Now Offers 0% Interest Loans against Bitcoin and Ethereum

Fast growing crypto wealth management app lets users borrow against BTC and ETH holdings and withdraw directly into a fiat bank accountMOUNTAIN VIEW, CA Jun 02 2021 (Blockchain Wire) Abra (https://www.abra.com/), a fully compliant platform for buying, selling, and trading over 100 cryptocurrencies and earning interest of up to 10.5% percent on select digital assets, today announced that Abra Borrow, its in-app feature for using crypto as collateral to borrow fiat against digital asset holdings, now offers an unprecedented 0% interest option on loans against Bitcoin and Ethereum. For the first time, crypto holders...

Bitcoin, Ethereum, Press release

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What is Bitcoin's Taproot upgrade?

What is Bitcoin’s Taproot upgrade?

The decentralized currency market has been growing steadily over the last few years. As the first and major cryptocurrency, Bitcoin (BTC) is now widely used by investors who want to maintain total control of their own funds. But there is still work to be done on improving the network’s scalability and security. Now, an upcoming update called Taproot aims to solve these issues once and for all.What is Bitcoin’s Taproot upgrade?Taproot is the most recent phase in Bitcoin’s development since the upgrade attempts to improve the network’s overall usefulness by making transactions quicker, cheaper, and easier to install.Taproot...

Bitcoin, Featured, Main

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Bitcoin crash, Elon Musk, fear of inflation, economy suffers

Bitcoin, Ethereum, and other cryptocurrencies had a significant drop on Wednesday: the ten most valuable cryptocurrencies by market capitalization fell by two digits, with one exception.Bitcoin, on the other hand, has lost about 30% of its value after China announced a new crackdown on cryptocurrency and billionaire Elon Musk sent out contradictory statements about his company’s use of the currency.Bitcoin’s price has dropped by more than 40% since its peak, and other popular assets have also dropped dramatically.Bitcoin dropped to almost $30,000 in a single day on Wednesday morning, continuing a massive liquidation...

Bitcoin, Cryptocurrencies, Featured

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Bitcoin price in May 2021, Altcoins, Ethereum, Dogecoin, seem to outpace Bitcoin

Bitcoin Today – May 2021

Bitcoin price in May 2021, Altcoins, Ethereum, Dogecoin, seem to outpace BitcoinThe price of Bitcoin in May 2021Bitcoin, while still massively popular and important, has recently been dwarfed by Ethereum and Dogecoin.Although Bitcoin has largely been left out of the development of altcoins, it remains the best-known and most dominant cryptocurrency. Bitcoin, which was the dominant cryptocurrency, now accounts for 46% of the combined market capitalization of cryptocurrencies, according to CoinMarketCap.The market value of BTC/USD is too close to the $60,000 resistance line. Looking at the technical indicator, it seems...

Bitcoin, Cryptocurrencies

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why is it so hard to ban bitcoin

Why is it so hard to ban bitcoin?

Tiena Sekharan, Tokenomics & Blockchain Consultant at FAS | Fintech Advisory ServicesIt is in the interests of central banks, legacy traditional banks, politicians, and weapons manufacturers to ban bitcoin. With bitcoin:* Central banks will no longer be able to control money supply which will make their role less consequential. * Traditional banks will see their role reduced as the peer-to-peer Bitcoin network does away with the need of an intermediary. They’d have less of an opportunity to earn yield on customer deposits as bitcoin makes it possible to self-custody and hold funds in one’s own digital wallet. Banks will...

Bitcoin, Crypto world

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