After promoting Bitcoin in the past few months, Elon Musk stepped back and caused prices to crash. While the billionaire causes the price to drop, MicroStrategy takes the opportunity to buy 271 BTC. On Wednesday (12), the executive announced that Tesla will no longer sell
The popularity of Bitcoin and other cryptocurrencies in general seems to be intensifying in the United States. According to a survey conducted by the Digital New York (NYDIG) group, about 46 million Americans invest in Bitcoin. This figure represents 17% of the country’s adult population.
Bitfarms, a Canadian bitcoin mining company, will soon be listed on Nasdaq under the ticker ‘BITF’, as announced by the company on Friday (07). For the company, “this represents a powerful validation of our global focus that has been at the heart of Bitfarms since
In recent months, the United States banking giant Goldman Sachs Inc. has devoted more attention to Bitcoin. After “repudiating” Bitcoin as a form of investment in May 2020, the financial institution started to reconsider its position on cryptocurrency. In early March, for example, the bank
The subject of cryptocurrencies is being addressed in all parts of the world. It is a subject with loyal supporters, but also with opponents who do not agree with this digital money, as well as with its extraction. In this sense, some countries have already
According to Cambridge University, global Bitcoin mining operations already consume more energy than the whole Argentina. Mining is the process of creating cryptocurrency. The method is energetically demanding, since it is done using computer components that consume a lot of electricity, as is the case
Bitcoin (BTC) miners are generating significant revenue from their work of protecting and validating transactions on the network. So far, in 2021, they have generated more than $6,059 billion in rewards for issuing new cryptocurrencies and transaction commissions. On average, they are generating almost $50
EBay, an e-commerce firm, announced that it is considering enabling Bitcoin payments on the platform. As reported by Reuters on Monday (3), the information was provided by eBay’s CEO, Jamie Iannone, during an interview with CNBC. In addition, Jamie Iannone commented that the e-commerce giant
According to data published on Saturday (1st) by The Block Crypto Website, bitcoin miners generated $1.7 billion in revenue in April. It is the second largest volume registered so far, second only to March 2021, when the activity generated $1.75 billion, an amount 2.86% higher
Demand for cryptocurrency exceeded PayPal’s initial expectations, said the global payments giant. According to the company, its customers’ appetite for cryptocurrencies was much higher than expected. Now, the company is studying the possibility of expanding its services in the cryptocurrencies world. “The demand for cryptocurrencies