Category: Blockchain

El Salvador has become the first country to adopt bitcoin as legal tender, with 62 votes supporting the adoption out of 84. President Nayib Bukelet welcomes the so-called “Bitcoin law” and said this is a historical moment.  President Nayib Bukele announced this adoption on Twitter and said this is a historical moment. The so-called “Bitcoin law”

The number of Ethereum (ETH) transfers has dwindled, hitting a 1-month low of 24,471.607, as acknowledged by on-chain metrics provider Glassnode.  This trend change was triggered by the sharp correction, which the second-largest cryptocurrency experienced after dropping to lows of $2,000 from an all-time high (ATH) of $4,350. ETH was hovering around $2,392 during the

Roger Svensson, Associate Professor of the Institute of Industrial Economics, suggests Bitcoin (BTC) is unsuitable as a medium of flat money for international currency. The scholar told the Financial Times Monday. El Salvador President revealed last week that he intends to introduce a bill to legalise BTC as its legal tender to become the first country to accept BTC

MicroStrategy Inc. announced that the company plans to offer $400 million of senior secured notes to qualified institutional buyers to raise more capital to make more Bitcoin purchases. According to the company’s filing, MicroStrategy will raise $400 million via senior secured notes due 2028 in a private offering to qualified institutional buyers. The Nasdaq-listed business intelligence

China has issued guidelines for promoting the application of blockchain technology and industrial development. According to the announcement, China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) has identified four main areas for applying blockchain technology. This document introduces the basic principles and future development priorities of emerging technologies

The U.S. President Joe Biden’s national security adviser revealed that Biden would focus on issues related to the role of cryptocurrencies in ransomware attacks on the forthcoming G7 summit next month. In a White House press briefing on Monday, Jake Sullivan noted that President Biden and his administration would be interested in knowing the action plans in response to ransomware

Bitcoin (BTC) nosedived by more than 9% in the last 24-hours to trade at $32,875 during the intraday, according to CoinMarketCap.  The top cryptocurrency has been trying to regain momentum since it slumped to lows of $30k on May 19. This plunge pushed Bitcoin below the 200-day moving average (MA), a fate not seen since

Bitcoin has been trying to breach the psychological price of $40k after the top cryptocurrency nosedived to lows of $30k on May 19 from an all-time high of $64.8k recorded in mid-April. Market analyst Michael van de Poppe believes that a breakout might happen in the week because the volume is draining down. He explained:

The San Jose Sharks ice hockey team – based in San Jose, California – has announced that it will start accepting cryptocurrency for significant and recurring payments next season, which will be the first NHL team to accept cryptocurrency. Starting from next Tuesday, Sharks sports & Entertainments, the parent company of the San Jose Sharks