The news about a recent purchase of house property for 3 Bitcoin was recently recorded in the Southwestern European country of Portugal. Local media outlets reported that the purchase contract was finalized in the form of 3 Bitcoins, and the sellers did not request to convert the 3 Bitcoins into euros. The report was shared…
The Department of Labor in the United States has recently aired its concerns over the proposition of adding Bitcoin as a portfolio diversification option for 401K account holders. The proposal was introduced by asset management firm Fidelity for its clients hailing from the United States. Commenting on the matter, Fidelity’s acting assistant secretary Ali Khawar…
The legislators of Brazil have recently voted in favor of passing a cryptocurrency regulatory bill in the Senate. The local media outlets of the South American nation confirmed that the crypto bill acquired legal status in the region last Wednesday. The Twitter account of Bitcoin Magazine shared that Brazilian Senators have granted the crypto regulatory…
Justin Sun, the founder of the Tron blockchain project, recently introduced a new stablecoin product called USDD. The algorithmic stablecoin project will be pegged to the value of the Tron native token called TRX. Sun has introduced stablecoin as a decentralized project of Tron. Sun is the former CEO of Tron blockchain, who is also…
China last year imposed a nationwide ban on any type of cryptocurrency trading, mining, or advertisement. The South Asian economy proceeded to blacklist the accounts of the cryptocurrency influencers in the country as well. After the ban, Bitcoin miners transferred to other potent locations to continue their businesses. Kazakhstan was transformed into a prime location…
MicroStrategy is on the path to becoming the largest commercial Bitcoin reserve in the world. The transformation was led by MicroStrategy CEO Michael Saylor. To this end, the latest company developments also reflect a continuation of the Bitcoin initiative to become stronger during the upcoming months. A recent letter for the shareholders of the company…
Bitcoin has started to gain more popularity among digital currency investors in the current weeks. Big players like Bitfinex are not bothering to hide their massive Bitcoin purchases. However, the mega Bitcoin acquisition fever has also started to emanate from the trading practices of many other cryptocurrency investors. Last week, Bitcoin prices made a dive…
The index for USD has recently improved significantly. According to the projections of the forex exchange and some economists in the upcoming weeks, dollar prices are going to improve significantly. However, the proponents of Bitcoin are worried that it can spell bad news for their digital currency reserves. Some market analysts believe that the forex…
Do Kwon has assumed a controversial reputation in the cryptocurrency sector after his unsavory encounter with the Securities and Exchange Commission of the United States. His blockchain organization Luna recently reported a massive Bitcoin purchase officially. Luna Foundation Guard Reserve Wallet made a massive transfer of 231,400,000 USDT tokens. According to the on-chain data analytics,…
Ron DeSantis is the serving Governor of Florida state. He recently issued some comments regarding the integration of the centralized financial framework with the cryptocurrencies network. According to his latest statement, the people of Florida will now be able to pay their taxes in the form of Bitcoin. The news was first confirmed by The…
The international market share and participation in the cryptocurrency market are simply too big to ignore. As anticipated, the European legislators have refrained from imposing any strict bans on the cryptocurrency markets. Furthermore, Members of the European Parliament have also decided to vote in favor of crypto-friendly regulations in the EU region. The voting that…
Ken Griffin, the founder of the American hedge fund, Citadel, recently admitted that he was wrong about being cynical towards the stability of cryptocurrency markets. He was speaking to the journalist from Bloomberg recently when he made these remarks. When interviewer David Rubenstein asked him about his stance on the cryptocurrency markets, he admitted to…
