Bitfarms increases its Bitcoin holdings by 30% purchasing 1000 additional Bitcoin
Bitfarms, a Canadian crypto mining company, has already purchased 1,000 Bitcoin in 2022. The company’s strategy is to accumulate the most Bitcoin for the lowest cost and in the fastest amount of time for the benefit of its shareholders. Bitfarms claimed in a Monday announcement that it bought 1,000 Bitcoin (BTC) for $43.2 million in […]
PayPal is planning its own stablecoin
After dabbling into cryptocurrency and enabling Bitcoin payment system, payments company PayPal has announced it is planning a stablecoin. This is a move outed by a developer who caught it in the code. For years, cryptocurrency has been heralded as a technology that will eventually supersede centralized payment systems by lowering transaction costs and eliminating […]
El Salvador president poked by Steve Hanke for gambling in Bitcoin
El Salvador is under pressure as a result of Bitcoin‘s price drop over the last couple of days. For the past few months, El Salvador ‘s dollar-denominated bonds have been on a free slide. Nayib Bukele, the country’s president, seeks to improve the country’s economic realities by issuing Bitcoin-denominated bonds. President Bukele‘s prolonged association with […]
What Bitcoin needs to do to Reach $47,000 Again
To reach the enticing $47,000 support zone, Bitcoin will have to break past the 1.9 million BTC resistance zone. Bitcoin will have to break past the 1.9 million BTC resistance zone to reach the enticing $47,000 support zones, a drop below $42,000 will create a direct path to $37,000, according to data provided by IntoTheBlock […]
Mozilla halts Bitcoin donations after criticism from community and co-founder
Following the backlash from the open-source community and the co-founder of Mozilla citing environmental damage as a reason, the web browser company has announced a pause to all crypto donations. Mozilla, the company behind the popular Firefox browser, stated on Thursday that it has suspended taking cryptocurrency donations, citing an “important discussion” about the environmental […]