Things are not looking good for Bitcoin right now. Chinese officials continued their crackdown on cryptocurrencies this week, the BBC reports, ordering banks to stop supporting any transactions involving the digital currencies. Unsurprisingly, the value of Bitcoin slumped yet again in light of the news, dropping below $30,000 for the first time since early January — back […]
Bitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric car maker would not accept bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change. […]
Experts urge people not to make cryptocurrency investment decisions based on Elon Musk’s tweets The prices of bitcoin, dogecoin, and other digital currencies have plunged more than 40% in recent weeks. While Elon Musk isn’t the only reason for the crypto carnage, he certainly isn’t helping. Whether it’s going on “Saturday Night Live” and joking that dogecoin is a […]
Record sell-offs intensified at the first trading session of the week with many altcoins including Ethereum losing more than a quarter of their value. Bitcoin dropped as much as 18% on market sentiments. The drop pushed the value of Ethereum and Bitcoin downward, as they lost more than half their value from all-time highs sighted […]
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]
Elon Musk has announced that Tesla has suspended vehicle purchases using bitcoin, resulting in the cryptocurrency crashing. “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel”, the electric car company CEO tweeted. […]
Buy Bitcoin, Ethereum and Litecoin PayPal has steadily improved the cryptocurrency support on its platform, and it’s finally unleashed a new option for people shopping online. Now users in the US will not only be able to buy various cryptocurrencies like Bitcoin, Ethereum and Litecoin, but you’ll be able to spend them online too. Before you can spend cryptocurrency from […]