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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

Tanzania's Central Bank Working on President's Cryptocurrency Directive
Tanzania's Central Bank Working on President's Cryptocurrency Directive
News  -  Economy  -  Jun 24, 2021 by Thomas M

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

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
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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

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
SEC Continues To Delay Bitcoin ETF Approval
SEC Continues To Delay Bitcoin ETF Approval

The United States Securities and Exchange Commission (SEC) has postponed its decision on yet another Bitcoin exchange traded fund, according to a filing released on Tuesday. The filing was in response to a proposed rule change that would allow Valkyrie Digital Assets to create a Bitcoin ETF for customers within

News  -  Bitcoin  -  Jun 22, 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
China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions
China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions

China is busy banning Bitcoin — again. The People's Bank of China (PBOC), the country's central bank, has ordered four state-owned banks as well as major payment service provider AliPay to cut off any Bitcoin-linked transactions. Following a discussion held with a number of financial institutions, the

News  -  Politics  -  Jun 20, 2021
MicroStrategy Now Holds Over 100,000 Bitcoin
MicroStrategy Now Holds Over 100,000 Bitcoin

MicroStrategy now holds more than 100,000 bitcoin, currently worth over $3 billion in value.  The business intelligence firm has long become the largest publicly listed HODLer. Less than a year after its initial $250 million purchase, MicroStrategy has now cracked the 100,000 bitcoin mark, meaning just under 5%

News  -  Bitcoin  -  Jun 20, 2021
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