Tag Archives: bitcoin

European Central Bank Chief Christine Lagarde Says Cryptocurrencies Are ‘Worth Nothing’

[ad_1] European Central Bank President Christine Lagarde called cryptocurrency ‘worthless’ during an interview. Lagarde who’s consistently had a negative stance on cryptocurrencies reiterated her view claiming they are “based on nothing” and should be strictly regulated. Lagarde further argued that investing in Bitcoin and the altcoins could leave people “terribly …

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Ukrainian in Poland Withdraws Cash Within Minutes of Bitcoin Transfer: Here’s How

[ad_1] A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin’s Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet …

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Bitcoin Can Assist Governments in Creating Low-Cost CBDCs, Says Deloitte Study

[ad_1] Financial services giant Deloitte has conducted a new study that shows how powerful a tool Bitcoin can be to create a cheaper, more secure, and faster ecosystem for digital fiat currency or more specifically, Central Bank Digital Currency or CBDC. Deloitte’s report emphasises the need for a total revamp …

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Ukraine-Russia Crisis: Crypto Playing Key Enabler for Both War-Hit Economies

[ad_1] Russia’s invasion of Ukraine has urged a host of nations to announce heavy sanctions to cripple the country’s economy but Russia’s high crypto-adoption rates could very well help its billionaire tycoons feel very little of the financial blow intended through sanctions. The US and the European Union (EU) rely …

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Illegal Crypto Mining Facilities Busted in Kazakhstan Amid Prevailing Power Crisis

[ad_1] Crypto mining, the process of generating assets such as Bitcoin, is legally permitted in Kazakhstan, but only via authorised mining facilities. A total of 13 crypto mining facilities have been busted in Kazakhstan that were consuming huge chunks of electricity to generate Bitcoin, illegally. The Ministry of Energy of …

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El Salvador Saw Significant Rise in Tourism, GDP Since Bitcoin Legalisation, Says Government

[ad_1] El Salvador introduced Bitcoin as legal currency in September 2021 and the move appears to have resulted in a significant increase in both national GDP and local tourism development. According to El Salvador’s Tourism Minister Morena Valdez, it is estimated that the tourist business in El Salvador has grown …

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‘It’s a Software’: Kevin O’Leary Says Bitcoin Holdings Similar to Yahoo, Microsoft Shares

[ad_1] Kevin O’Leary, a Canadian multi-millionaire investor, is now comparing holding Bitcoin to owning shares of software majors. O’Leary in a recent Twitter post said that holding BTC assets is similar to holding shares of companies like Microsoft and Yahoo. Between 2019 and 2021, the 67-year-old ‘Shark Tank’ judge has …

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Intel Unveils Bonanza Mine Chip for Efficient Bitcoin Mining at ISSCC 2022

[ad_1] Intel had been preparing to present its first Bitcoin mining ASIC at ISSCC 2022 and as the event got underway on February 20, Intel has revealed more details of the Bonanza Mine ASIC, as well as its Bonanza Mine System — a self-contained computer, which features 300 Bonanza Mine …

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Edtech Firm BrightChamps Begin Accepting Crypto Fees in India, Overseas Markets

[ad_1] BrightChamps, a Goa-based edtech firm, has officially announced the acceptance of crypto payments for its services in international markets. The platform will now accept fees in the form of Bitcoin, Ether, and Tether from its users in India, US, Canada, UAE, Nigeria, Malaysia, and Thailand, among other nations. India …

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Fidelity Launches Its First Bitcoin Exchange-Traded Product in Europe

[ad_1] Fidelity International has launched its first investment product that tracks Bitcoin in Europe, as the British investment manager taps into rising demand for exposure to digital currencies. The Fidelity Physical Bitcoin ETP, available to the asset manager’s professional and institutional clients in Europe, began trading on the Deutsche Börse …

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