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Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In

The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading…

Continue ReadingReport Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In

Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward

On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not…

Continue ReadingSalvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward

Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset

After touching a high of $52,956 on Monday evening, the very next day the price of bitcoin slid to a low of $42,900 at around 11 a.m. (EST). Bitcoin is…

Continue ReadingBitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset

Ethereum’s Crypto Economy Dominance Nears 20% as Ether Prices Rocket to Fresh Highs

The world’s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over…

Continue ReadingEthereum’s Crypto Economy Dominance Nears 20% as Ether Prices Rocket to Fresh Highs

Plan B’s Stock-to-Flow Bitcoin Price Model ‘Predicts $100K by Christmas,’ S2F Creator Discusses ‘Time Model’

The pseudo-anonymous bitcoin analyst called Plan B gave his 704,000 Twitter followers an update on the notorious stock-to-flow (S2F) bitcoin price model. Plan B stressed on August 27, that the…

Continue ReadingPlan B’s Stock-to-Flow Bitcoin Price Model ‘Predicts $100K by Christmas,’ S2F Creator Discusses ‘Time Model’

Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services

On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to…

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Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers

Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal…

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The Crypto Economy’s Biggest 12-Month Gainers Outshined Bitcoin and Ethereum by a Long Shot

2021 has been an incredible year for bitcoin, ethereum, and a great number of the world’s most popular digital assets. While bitcoin has gained around 300% during the last 12…

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Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion

The price of bitcoin jumped over the $47K handle on Friday afternoon and at 4:15 p.m. (EDT) the price tapped $47,929 per unit. Bitcoin has jumped over 8% today and…

Continue ReadingBitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion