New York State Assembly approved a bill against Bitcoin mining
The power consumption required for Bitcoin (BTC) mining has always been a controversial issue, especially for regulators. On this occasion, it was the New York State Assembly that approved the ban on new Bitcoin mining operations that do not use green energy. Here are the details about it. In principle, what was recently approved was…
Margaret Reed
Goldman Sachs offers Bitcoin-backed loan
US banking giant Goldman Sachs has filed a Bitcoin-backed loan, according to a Bloomberg report. It is the latest sign that Wall Street is becoming more and more familiar with cryptocurrencies and this new type of digital assets. As many know, Goldman Sachs is one…
Swiss National Bank opposes having Bitcoin as a reserve currency
The Swiss National Bank (SNB) is against buying and holding Bitcoin as a reserve currency, Thomas Jordan said at the annual general meeting of the central bank. By the way, Thomas J. Jordan is a Swiss economist and banking supervisor. He is the chairman of the governing board of the Swiss National Bank. Also, chairman…
“Bitcoin Jesus” says DOGE is better than BTC
Despite the fact that Bitcoin is the first cryptocurrency to exist, and also the one with the largest market capitalization, it may not be the best of all. In this sense, we refer to the fact that there are better architectures, tokens with more utility, and also, with lower transaction fees. We all agree that…
Warren Buffett has expressed that he would not pay even $25 dollars for all the Bitcoins in the world
Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger are chairing Berkshire Hathaway’s annual meeting, dubbed “Woodstock for Capitalists.” This Saturday’s event in Omaha, Nebraska, gives shareholders the opportunity to hear the legendary couple talk about investments, their economic outlook and their life. The “Oracle of Omaha”, Warren Buffett, commented that he has recently…
Tesla explained the long-term potential of Bitcoin
In a filing with the US Securities and Exchange Commission (SEC), Tesla, the electric vehicle manufacturer owned by Elon Musk, explained the Bitcoin liquidity use case and pointed out its long-term potential. With all this, the statements came to place in one section of the information. In which Tesla reported earnings of $ 1,260 million…
Cubans use Bitcoin in response to US sanctions
Cryptocurrencies have been adopted more deeply in those places where access to international money is complicated for one reason or another. In that sense, according to a report, more than 100,000 Cubans are using Bitcoin and other cryptocurrencies. Why? Allegedly, to escape the conditions created by international sanctions. We also know that the adoption of…
Bitcoin made history once again: house in Portugal was sold in BTC
During 2022, the adoption that Bitcoin has had around the world has been quite remarkable. One of its most recent use cases was during the sale of a real estate; exactly, we are referring to a house that was sold for a total of 3 BTC in Portugal. Certainly, every day the purchase / sale…
Glassnode: 15.5% of BTC portfolios fell into “unrealized loss”
According to recent reports from Glassnode, about 40% of BTC holders are “underwater”, as far as their investments are concerned. Likewise, a percentage of BTC wallets that fell into unrealized loss was noticed. This happens at a time when Bitcoin has retreated more than 50% in value, if measured from its highest peak. That percentage…
The fall of Bitcoin has translated into losses for El Salvador
In El Salvador, the fall of Bitcoin (BTC) has translated into losses for the Government of Nayib Bukele. which must face a maturity of the dollar debt in January. Despite this, President Nayib Bukele bought 500 more Bitcoin this week. A very expensive bet for El Salvador and that has not given, so far, the…
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