El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

Nayib Bukele, El Salvador’s president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador, on Tuesday, June 1, 2021. Photographer: Camilo Freedman/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images MIAMI — El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation … Read more

Square CEO Jack Dorsey says the company is considering a new hardware bitcoin wallet

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Square CEO Jack Dorsey said Friday the company is looking … Read more

Cryptos show inflows after record outflows in previous 2 weeks

NEW YORK: Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed late Tuesday. Inflows into crypto investment products and funds totaled $74 million last week. That followed record outflows of $151 million the previous two … Read more

Coinbase Pro opens up to dogecoin after cryptocurrency’s 6,000% gain this year

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase is finally getting into dogecoin. Starting Tuesday, the crypto exchange is offering its Pro users the option to trade dogecoin, a cryptocurrency that was … Read more

OnePlus Could Launch a Cryptocurrency Wallet, Suggest Survey

OnePlus could be the next big name in the growing market of cryptocurrencies led by Bitcoin as the Chinese company is found to be conducting a survey on blockchain research. The survey is aimed at getting user feedback on cryptocurrencies. The company is asking users whether they have used trading platforms such as Coinbase, Gemini, … Read more

Bitcoin’s ‘Green’ Rival Chia is Causing a Shortage of Hard Drives

Chia has been hogging a lot of limelight in the crowded cryptocurrency space lately as a ‘green’ alternative to Bitcoin. Even more so since the billionaire CEO of SpaceX and Tesla, Elon Musk,  tweeted last month that cryptocurrencies like Bitcoin are driving up fossil fuel consumption. He revoked Tesla’s decision to accept Bitcoin as payment for … Read more

Here’s one thing Jefferies’ Chris Wood doesn’t want crypto investors to do

MUMBAI: The sudden meltdown in the cryptocurrency market over the past week came as a punch to the gut for investors, who had taken positions based on leverage. Bitcoin, Dogecoin and Ethereum’s over 50 per cent collapse from their all-time highs sent shockwaves throughout the financial markets, with many writing off the asset class for … Read more

Cathie Wood sees deflation returning, boosting innovation stocks and bitcoin

Cathie Wood is going against the grain yet again — this time on inflation. The founder and CEO of Ark Investment Management said Thursday that she is not worried about the threat of inflation that is haunting so many on Wall Street. Instead, the fund manager expects deflation amid a breakdown in commodity prices, gridlock … Read more

Nvidia sold $155 million in crypto mining chips last quarter, but PC gaming remains its biggest market

Nvidia CEO Jensen Huang wearing his usual leather jacket. Getty In February, as cryptocurrency prices spiked, Nvidia released new cards specifically for mining crypto. They can’t power a computer monitor, but they can generate valuable ether coins. On Wednesday, the company provided an update on how its cryptocurrency (CMP) cards are faring in the market. … Read more

Major bitcoin mining region in China sets tough penalties for cryptocurrency activities

A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. Paul Ratje | The Washington Post | Getty Images GUANGZHOU, China — China’s Inner Mongolia region has proposed punishments for companies and individuals involved in digital currency mining as it looks to further crack down on the practice. The move comes after Chinese Vice … Read more