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Scott Conger, the mayor of Jackson in the U.S. state Tennessee, took to Twitter on Thursday to vent what appeared like frustrations that had built up for quite some time. "Every year, our dollar is worth less," he wrote, voicing his concerns about inflation. "6.3%
Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's
Turkey's Deputy Minister of Treasury and Finance Sakir Ercan Gül is set to present a draft bill to parliament providing a regulatory framework for Bitcoin and other cryptocurrencies later this year. Besides setting clear licensing requirements for local exchanges and introducing minimum capital requirements for cryptocurrency companies, the
News • Politics • Jul 18, 2021
Turkey's Deputy Minister of Treasury and Finance Sakir Ercan Gül is set to present a draft bill to parliament providing a regulatory framework for Bitcoin and other cryptocurrencies later this year. Besides setting clear licensing requirements for local exchanges and introducing minimum capital requirements for cryptocurrency companies, the
News • Politics • Jul 18, 2021
Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's
News • Bitcoin • Jul 14, 2021
Likely to nobody's surprise, the European Central Bank's (ECB) research on the concept of a central bank digital currency (CBDC) has now reached its next step: the official launch of a digital euro project. In November last year, the ECB had initially launched a public survey
News • Economy • Jul 13, 2021
Another multi-trillion asset manager has entered the Bitcoin game: Capital International Investors, a division of Capital Group, which itself is an investment firm with over $2.3 trillion in assets under management, has purchased 953,242 shares in business intelligence firm MicroStrategy, according to an SEC filing released last week.
News • Business • Jul 13, 2021
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
News • Bitcoin • Jul 12, 2021
Bitcoin miner HIVE Blockchain Technologies has added 3,019 new MicroBT WhatsMiner M30S machines to its fleet. The new additions will boost HIVE's hash rate by around 46%, the company said in an announcement on Monday. The high-performance machines have an aggregate hash rate of 264 petahashes per
News • Business • Jul 11, 2021
Circle seeks to go public via a merger with a special purpose acquisition company (SPAC) that would place its valuation at $4.5 billion. The news became public on Thursday, when Circle announced the planned merger with Concord Acquisition Corp., making the firm the latest in a list of cryptocurrency
News • Business • Jul 09, 2021