Steve Hanke, an economist, takes another shot at Bitcoin
Steve Hanke, a vocal Bitcoin opponent and renowned economist at Johns Hopkins University, has taken to Twitter once again to attack Bitcoin. He has emphasised again again that Bitcoin is very speculative, cautioning the community to avoid it. He went on to say that the BTC price is usually a rollercoaster ride for investors and […]
McDonald’s China celebrates 31st anniversary with 188 NFTs
On October 8, fast-food giant McDonald’s China issued a batch of 188 nonfungible tokens (NFT) to commemorate its 31st anniversary in the Chinese market. The NFTs , dubbed “Big Mac Rubik’s Cube,” will be handed to workers and customers as part of the promotion. The Big Mac Rubik’s Cube NFTs are modelled on the three-dimensional […]
China intends to add cryptocurrency mining to its blacklist of industries in which to invest
China has reaffirmed its stance on cryptocurrencies, despite the fact that crypto mining is prohibited in the nation, some have opted to operate illegally. China has added cryptocurrency mining to its ‘bad list’ of sectors. This latest initiative implies that investors may no longer participate in the crypto mining business. According to a Reuters storey […]
El Salvador’s Bitcoin strategy is “contrary to the ideals” of cryptocurrency says Vitalik Butterin
“Unpopular opinion: El Salvador president Mr Nayab (sic) Bukele should not be praised by crypto community,” a Reddit user on the r/cryptocurrency site stated. Ethereum co-founder Vitalik Buterin , in an unexpected Reddit post on Friday, slammed El Salvador’s Bitcoin rollout, especially President Nayib Bukele for pushing local companies to accept the top cryptocurrency. “Unpopular […]
El Salvador’s adoption of Bitcoin “deserves praise, not scorn,” according to BitMEX’s CEO
El Salvador adopted Bitcoin to test a more functional alternative to the present financial environment, according to a statement from the crypto veteran. El Salvador’s decision to adopt Bitcoin as one of its legal tenders, according to Alexander Höptner, Chief Executive Officer of derivatives trading platform BitMEX , “deserves praise, not derision” from global monetary […]