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

SpaceX accepts dogecoin as payment for lunar mission next year

SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment. Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with the statement not disclosing the mission’s financial value. “We’re excited to launch DOGE-1 to the Moon!”,… Read More SpaceX accepts dogecoin as payment for lunar mission next year

PayPal’s Venmo begins allowing cryptocurrency trading on its platform

Venmo, the peer-to-peer payment service owned by PayPal Holdings Inc, said it has started allowing users to buy, hold and sell cryptocurrencies on its app, a step that could inspire more mainstream adoption of the asset class. Venmo users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1… Read More PayPal’s Venmo begins allowing cryptocurrency trading on its platform

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

Cryptocurrency exchange Coinbase valued at $86billion in Nasdaq debut

Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion. Coinbase’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, marks another milestone in the… Read More Cryptocurrency exchange Coinbase valued at $86billion in Nasdaq debut

Cryptocurrency market cap hits $2trillion all-time record

The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. At midday, the crypto market cap was at $2.02 trillion. The surge in crypto market cap was led… Read More Cryptocurrency market cap hits $2trillion all-time record

Facebook eases restrictions on cryptocurrency ads and related content

Facebook Inc on Tuesday decided to allow certain ads promoting cryptocurrency and related content from pre-approved advertisers, but would continue its ban on those tied to binary options and initial coin offerings. Facebook had in January banned ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices. “We… Read More Facebook eases restrictions on cryptocurrency ads and related content