Bitcoin network tags record high for daily settlement volume
More than $30 billion was settled on the Bitcoin blockchain in a single day last week. Go to Source Powered by WPeMatico
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Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTC
The price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas … Read more
Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies
On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that is “very tech-oriented” and the firm has seen an “increasing desire towards cryptocurrency.” Pacific Sunwear of California Goes Crypto The American retail clothing brand, Pacific … Read more
Bitcoin got stronger despite government crackdowns, says Edward Snowden
The famous whistle-blower referenced his statement about Bitcoin from March 2020 during the events of “Black Thursday.” Go to Source Powered by WPeMatico
October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year
Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good … Read more
Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese
While there’s a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese. Traders of Crypto Surveys Hundreds of Britons, … Read more
Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility
On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind … Read more
Former Bitcoin lead dev predicts demise of BTC network … with a major silver lining
Bitcoin prices could reach $6 million per coin in forty years’ time, but the whales may eventually pull the plug. Go to Source Powered by WPeMatico
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US
A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency … Read more
Fintech Firm Centbee Graduates From South African Regulatory Sandbox
Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims … Read more
