Total value of the crypto market now stands just above $2.43 trillion with bitcoin dominating with a 46.4 percent share, according to latest data by digital asset price-tracking website CoinMarketCap.
The rapid decline of China as a crypto mining powerhouse has seen the US and Kazakhstan become attractive destinations for migrant miners.
As bitcoin miners seek solutions to go green, aging nuclear plants offer what they’re looking for: cheap, carbon-free power. But how about radioactive waste?
All virtual currency-related business activities are illegal financial activities, and offenders would be "investigated for criminal liability", says China's central bank.
The Bukele government believes bitcoin can provide monetary sovereignty and financial inclusion to millions. But many Salvadorians remain skeptical about the move.
The fear of possible defaulting of Chinese real estate giant Evergrande has caused broad sell-off in global financial markets, even causing a dip in cryptocurrencies.
President Nayib Bukele's government insists the move will give many Salvadorans access to bank services for the first time.
The country’s Central Bank will set rules for such currencies and determine how to license providers of related services.
The rate of cryptocurrency adoption has jumped by 880 percent in the last year as Vietnam, India and Pakistan have become the fastest crypto adopters.
Last week, Tesla Inc Chief Executive Officer Elon Musk said that the electric-car maker will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency.
The revamp, which would alter the way transactions are processed, is anticipated to go live on Thursday.
The move by Italy’s market watchdog is the latest in a string of regulatory actions taken by governments against the world’s largest crypto exchange.
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