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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....

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 ...

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 ...

TWO SOUTH AFRICAN BROTHERS HAVE STOLEN $3.6 BILLION IN BITCOINS

... ‘hawks’, a special elite South African Police Service (SAPS) special crime investigation unit (DPCI). As noted by Bloomberg, the first concerns about the possibility of fraud on the part of the platform owners among investors arose in April, when the bitcoin rate soared, setting new price records. Then Ameer Cajee, who served as the chief operating officer of Africrypt, informed clients that the company had been hacked. At the same time, the co-owner asked not to report the incident to the authorities ...

RUSSIANS RANKED 5th IN TERMS OF GAINING PROFIT FROM BITCOIN

In 2020, on the rise in the value of bitcoin, Russians got rich by $ 600 million, which brought Russia to the fifth place in the world ranking in terms of the amount of profit received from the cryptocurrency. Such information is provided by Chainalysis, one of the largest analytical ...

ELON MUSK SAYS TESLA HAS SUSPENDED ACCEPTING BITCOINS FOR VEHICLE PURCHASES

The day before Elon Musk made a statement on the suspension of the sale of Tesla cars for bitcoins. The entrepreneur linked this decision with the mining of cryptocurrency, which is now carried out, including with the help of coal. Musk expressed his concern over the fact that environmentally damaging fossil fuels are increasingly being ...

ANALYSTS: THE PRICE OF BITCOIN MAY RISE UP TO 400 THOUSAND DOLLARS

The strategist of Bloomberg Mike McGlone stated that Bitcoin could reach the $ 400,000 price within a year. He also tweeted that digital currency can be converted into a low-risk asset. McGlone has posted a diagram showing the rise of Bitcoin since 2010. He noted that at the moment, the situation on the ...

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 ...

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