According to a Bank of America analyst, the metaverse represents a massive opportunity for blockchain technology, and it will eventually cause cryptocurrencies to be broadly used for payments. Haim Israel, Managing Director and Global Strategist at Bank of America, highlighted the metaverse as the mechanism that will drive the bitcoin sector into broad adoption provided … Read more
El Salvador’s adoption of bitcoin as a country’s currency has alarmed the governor of the Bank of England, the nation’s central bank. Noting a recent warning from the International Monetary Fund (IMF) regarding bitcoin’s adoption as legal tender, the governor said what would concern him most is whether the residents of El Salvador know the … Read more
For the previous week, the value of bitcoin has remained below $60,000, putting digital currency audiences questioning where the economy will go after that. The crypto economy is rated at $2.81 trillion at the time of posting, and bitcoin’s market dominance has been below 40% for a few days. Bitcoin’s dominance has slipped to 39.7%, … Read more
The London hard fork update took place a few months ago, and it included a mechanism (EIP-1559) that changed Ethereum’s fee structure to a new system that makes ether deflating. Since then, 1 million ethereum has been destroyed, which is roughly comparable to $3.8 billion in today’s exchange rates. Ethereum (ETH), the second-largest crypto asset … Read more
El Salvador has been warned by the International Monetary Fund (IMF) against utilizing bitcoin as legal cash due to the numerous hazards involved with cryptocurrencies. The warning came just one day after Salvadoran President Nayib Bukele declared his intention to establish a “bitcoin metropolis” powered by a volcano and financed with bitcoin bonds. El Salvador … Read more
El Salvador intends to develop the world’s first “Bitcoin City,” backed initially by Bitcoin-backed bonds, since becoming the world’s first country to accept bitcoins as legal currency in the counter, President Nayib Bukele declares, reiterating his commitment to use cryptocurrency to stimulate investment in the Central American nation. El Salvador remains at the forefront of … Read more
Training and dedication are used by the best traders to develop their talents. Traders also conduct self-analysis to see the motive behind their trades and how to get rid of fear and greed from the picture. These are important skills that any forex trader that wants to be successful should develop. However, forex trading is … Read more
The US Department of Justice (DOJ) is selling cryptocurrency worth $56 million confiscated from Bitconnect’s “number one promoter,” the largest crypto scam scheme ever prosecuted. Investors were duped into investing more than $2 billion. The operator of Bitconnect faces a potential sentence of 20 years in prison. The Justice Department announced that it would sell … Read more
The Indonesian Ulema Council Majelis Ulama Indonesia, the country’s top Islamic organization with Shariah compliance authority, has officially classified the usage of cryptocurrency as a money or trading crytocurrency is haram or prohibited under Islamic law for Muslims. The National Religious Council of Indonesia has stated that cryptocurrency does not follow Sharia teachings and should … Read more
Mastercard revealed on Monday that it has launched crypto-linked payments cards in Asia, allowing users to exchange their virtual currencies into real currency immediately for the very first time. The cards are designed to bridge the gap between retailers who do not take virtual currencies and buyers who want to pay with crypto. Individuals and … Read more
