Report Shows Bitcoin and Ethereum Market Cap Could Surpass Gold
Despite several flash crashes, market dips, and lengthy consolidation periods, the market’s belief in Bitcoin remains unshaken. In a recent study report, ARK Invest, an American financial business, predicts that Bitcoin and Ethereum will reach $1 million in value by the end of the decade, with Ethereum valued at $180,000. Long-term optimism is still present. […]
Bitcoin miner earns $235k in rewards after singlehandedly solving a block
Bitcoin mining is a costly, energy-intensive, and time-consuming enterprise that normally necessitates persistent efforts in order to reap rewards. Mining is usually done in a pool, with several miners working together to solve the block and claim the rewards. This occurrence, on the other hand, stood out for its rarity. The One-Man Miner According to […]
NFL Star OBJ’s decision to receive his $750k paycheck in BTC appears to have cost him dearly
The purported BTC salary tax fiasco involving NFL star Odell Beckham Jr. (OBJ) may serve as a grave warning to anybody considering receiving payment in cryptocurrency. The choice of NFL star Odell Beckham Jr. (OBJ) to pay his $750,000 salary in Bitcoin looks to have cost him dearly owing to the market fall that occurred […]
New York State Financial Services to be led by CBDC Project exec
Adrienne Harris, an ex-Fed employee and a CBDC project leader, was confirmed by the New York State Senate on Tuesday to lead the Wall Street regulator. Is There a Wider Crypto Adoption? Harris will be the Superintendent of the New York State Department of Financial Services (NYDFS), the state’s leading financial regulator. Her presence would […]
IMF calls on El Salvador to discontinue Bitcoin’s legal tender status
The IMF executive board advised El Salvador to stop using bitcoin as legal tender owing to the financial risks and obligations caused. The proposal was made in a report released on Tuesday as a result of bilateral discussions concerning El Salvador ‘s economy. According to the study, IMF directors “emphasized that there are significant risks associated […]