Tag: Bitcoin

Central African Republic to launch cryptocurrency investment hub

Central African Republic will launch the continent’s first legal cryptocurrency investment hub, the presidency said, extending the impoverished country’s embrace of digital finance despite words of caution from the International Monetary Fund. Marred by decades of conflict, Central African Republic last month became the first country in Africa and only the second in the world… Read More Central African Republic to launch cryptocurrency investment hub

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Cryptocurrencies record massive losses following stablecoin collapse

Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly fragile,… Read More Cryptocurrencies record massive losses following stablecoin collapse

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Hundreds protest against adoption of Bitcoin as legal tender in El Salvador

More than 1,000 people marched in El Salvador’s capital on Tuesday to protest the adoption of bitcoin as legal tender, amid a bumpy initial rollout of systems to support the digital currency. The protesters burned a tire and set off fireworks in front of the Supreme Court building around noon local time, as the government… Read More Hundreds protest against adoption of Bitcoin as legal tender in El Salvador

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El Salvador becomes first country to adopt bitcoin as legal tender

El Salvador has become the first country in the world to formally adopt bitcoin as legal tender after Congress approved President Nayib Bukele’s proposal to embrace the cryptocurrency. With 62 out of 84 possible votes, a majority of lawmakers voted in favor of the initiative to create a law that will formally adopt bitcoin, despite… Read More El Salvador becomes first country to adopt bitcoin as legal tender

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Tesla chief executive Elon Musk says company will no longer accept Bitcoin as payment for vehicle purchases

Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. Bitcoin fell more than 10% after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the… Read More Tesla chief executive Elon Musk says company will no longer accept Bitcoin as payment for vehicle purchases

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Bitcoin slumps below $50,000 in crypto stumble

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden’s plan to raise capital gains taxes will curb investment in digital assets. The selloff came after reports that the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double… Read More Bitcoin slumps below $50,000 in crypto stumble

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Tesla chief Elon Musk says vehicles can now be bought using bitcoin

Tesla Inc chief Elon Musk said on Wednesday the company’s electric vehicles can now be bought using bitcoin and the option will be available outside the United States later this year. “You can now buy a Tesla with bitcoin,” he tweeted on Wednesday, adding that bitcoin paid to Tesla will not be converted into conventional… Read More Tesla chief Elon Musk says vehicles can now be bought using bitcoin

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Bitcoin hits $60,000 record high exchange rate

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broader acceptance as a form of payment. In recent weeks, companies have taken advantage of its strength to raise hundreds of millions of dollars in funding, capitalizing on… Read More Bitcoin hits $60,000 record high exchange rate

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