Search

BANKRUPTCY OVERTOOK THE VOYAGER DIGITAL CRYPTO-LENDER

... all of its value along with its paired token. Cryptocurrency prices began to fall at the end of last year on expectations that the Fed would take a softer stance on the inflation outlook, and rising interest rates hurt the industry and its prospects. Bitcoin, the largest and most well-known cryptocurrency, fell by 58% in the first six months of 2022, which is the worst indicator of the first half of the year in history. Photo: Money photo created by freepik - ru.freepik.com

Cryptocurrency abyss: Digital Investors Lose Billions of Dollars

The cryptocurrency market is going through hard times. Yesterday it became known that the price of bitcoin dropped below the $27,000 mark, actually returning to the state of the end of 2020. Other crypto assets show similar trends. At the same time, the largest stock exchanges of the world also bear risks. In particular, Coinbase, after providing ...

IMF urges El Salvador to abandon bitcoin

The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment. Due to the legality of cryptocurrency, the IMF refused to issue the country a large loan. The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment....

74 countries are at risk of bankruptcy due to the pandemic

... are also at risk of default. According to the Banksta telegram channel, the experience of cryptocurrency trading conducted by the President of El Salvador was unsuccessful. It is assumed that this could have caused $11 million in damage to the budget. Bitcoins purchased for $71 million are currently worth about $60 million. Experts note that servicing loans is becoming more expensive. Whereas in the first two years of the pandemic, financial regulators cut interest rates, having made borrowing cheap,...

New-build housing and bitcoin: the things you should have bought in 2021

The international audit and consulting network FinExpertiza has summed up the results of the outgoing year in terms of the best sources of profit. According to its rating, the highest income for investors in 2021 was shown by new buildings, bitcoin, as well as shares of the US stock market. The approach of analysts in the calculation consisted in a comparative analysis of the nominal income when investing one hundred thousand rubles in various assets. The beginning of the year was chosen ...

El Salvador, bitcoin, Bitcoin City, Nayib Bukele

The day before, the President of El Salvador Nayib Bukele announced his intention to create a ‘Bitcoin City’, as well as to issue the world's first souvenir bitcoin bonds. It is assumed that the city will be built close to the Konchagua volcano, which should become the source of geothermal energy for the new settlement. Bukele stated that there ...

Alibaba stops sales of crypto mining equipment

... announced that it will ban the sale of cryptocurrency mining equipment on its platform from October 8. The distribution of training materials and software will also be limited. Restrictions will affect all materials and equipment provided for mining bitcoins, ether, lightcoins and other cryptocurrencies. The company's decision is related to the government's policy aimed at banning digital currencies in China. The Chinese authorities believe that cryptocurrencies lead to financial risks in the economy....

Valeriy Romanyuk: ‘Crypto-yuan can become the world's digital currency’.

... happening in the world - most likely, some legal significance will come from there. Although there are already hybrid payment schemes, when we pay in rubles and exchange operations take place in jurisdictions where it is allowed. Do you think El Salvador's Bitcoin decision is promising? Considering the fact that immediately after the purchase by the country, the cryptocurrency rate has dropped. V.R . : Well, the rate has dropped not because of this. The solution is promising in the context that one country ...

Authorities of Laos allowed several companies to settle with cryptocurrency

... discussed in mid-September - then the question of the further fate of the use of cryptocurrency in the republic will be decided. At the same time, Laos was not the first country to adopt new forms of settlement. In early September, the official use of bitcoin was announced in El Salvador. The authorities believe that such a measure will give the national economy a powerful impetus for development. However, this optimism was not shared by the residents of the country, who actively opposed the introduction ...

KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

And the share of China's mining fell by almost 50%. This is due to the transition of the majority of earners to another state, anticipating the coming onslaught on the industry. Now about 46% of bitcoins in the world ranking are mined in China, although two years ago it was the leader - it mined over 75%. It was stated by the CNBC, which referred to a study conducted by the University of Cambridge. Neighboring Kazakhstan was able to improve its ...

Sort by relevance | Sorted by date