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Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca
News  •  Economy  •  Jun 28, 2021 by Thomas M

Banco de México, Mexico's central bank, was quick to shoot down plans voiced by the country's third-richest person Ricardo Salina for his bank Banco Azteca to become the first bank in Mexico to accept bitcoin. Late last week, Salinas spoke about Bitcoin as "an asset

As Miners Head West, Bitcoin Heads Towards Historic Difficulty Drop
As Miners Head West, Bitcoin Heads Towards Historic Difficulty Drop
News  •  Economy  •  Jun 27, 2021 by Thomas M

Bitcoin is headed for what is expected to be the largest downward difficulty adjustment in its history. As China has effectively opted out of Bitcoin by instructing banks and payment service provides to cut off Bitcoin-linked transactions and ordering miners in various regions to shut down their operations, Bitcoin miners

Doubletalk of the Town
Doubletalk of the Town

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

Opinion  •  Economy  •  Jun 28, 2021
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Doubletalk of the Town
Doubletalk of the Town

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

Opinion  •  Economy  •  Jun 28, 2021
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca

Banco de México, Mexico's central bank, was quick to shoot down plans voiced by the country's third-richest person Ricardo Salina for his bank Banco Azteca to become the first bank in Mexico to accept bitcoin. Late last week, Salinas spoke about Bitcoin as "an asset

News  •  Economy  •  Jun 28, 2021
As Miners Head West, Bitcoin Heads Towards Historic Difficulty Drop
As Miners Head West, Bitcoin Heads Towards Historic Difficulty Drop

Bitcoin is headed for what is expected to be the largest downward difficulty adjustment in its history. As China has effectively opted out of Bitcoin by instructing banks and payment service provides to cut off Bitcoin-linked transactions and ordering miners in various regions to shut down their operations, Bitcoin miners

News  •  Economy  •  Jun 27, 2021
Tanzania's Central Bank Working on President's Cryptocurrency Directive
Tanzania's Central Bank Working on President's Cryptocurrency Directive

Tanzania's central bank is reportedly working on a directive from the country's president Samia Suluhu Hassan to prepare for cryptocurrencies. The developments could hint at a possible reversal of the central bank's stance on Bitcoin, Reuters reports. In 2019, the Tanzanian central bank publicly

News  •  Economy  •  Jun 24, 2021
El Salvador to Send $30 Worth of Bitcoin to Its Citizens
El Salvador to Send $30 Worth of Bitcoin to Its Citizens

A national address to El Salvador's citizens saw a first today: a president conducting a tutorial on how to use a Bitcoin wallet. And not any Bitcoin wallet: as Bukele announced previously, the Salvadoran government is working on a wallet application for the country to support the addition

News  •  Economy  •  Jun 24, 2021
Mining Heads West: BIT Mining Moves Machines From Sichuan to Kazakhstan
Mining Heads West: BIT Mining Moves Machines From Sichuan to Kazakhstan

BIT Mining Limited, the fifth-largest mining pool by hash rate in the world, announced Tuesday that it had successfully transported the first of three mining machine shipments from Sichuan, China to the Central Asian nation of Kazakhstan.   The initial shipment contained over three hundred mining machines with a potential hash

News  •  Bitcoin  •  Jun 21, 2021
As China Cracks Down on Miners, Bitcoiners Expect a Hash Rate Shift
As China Cracks Down on Miners, Bitcoiners Expect a Hash Rate Shift

China's crackdown on Bitcoin mining is beginning to materialize as restrictions expand to the Sichuan province, one of the main regions used for Bitcoin mining in the country. On Friday, the Sichuan Provincial Development and Reform Commission issued a joint notice with the Sichuan Energy Bureau demanding the

News  •  Economy  •  Jun 18, 2021
World Bank Refuses to Support El Salvador's Bitcoin Integration Over Climate Concerns
World Bank Refuses to Support El Salvador's Bitcoin Integration Over Climate Concerns

The World Bank will not help El Salvador with its implementation of Bitcoin as legal tender. "We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," a spokesperson from the World Bank is quoted saying, according to a Reuters report. The

News  •  Economy  •  Jun 16, 2021
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