US exchange Coinbase said in a document sent to the US Securities and Exchange Commission that if the exchange goes bankrupt, users could lose all funds and will be treated as “unsecured creditors”. In an earnings report published Tuesday, Coinbase says it holds $256 billion
The International Monetary Fund (IMF) criticized the Central African Republic’s decision to adopt bitcoin as its official currency, as El Salvador did. The IMF insists that adoption poses legal economic challenges not just for the country but also for the region. The IMF said the
The Central Bank of Argentina banned this Thursday night (5) the offer of crypto-assets, including Bitcoin, by financial institutions in the country. The Argentine BC published a statement entitled “BCRA discourages the offer of crypto-assets by the financial system”, but the body of the text
Gucci will start accepting cryptocurrency payments at five American stores later this month, the cities that will receive the initial tests are New York, Los Angeles, Miami, Atlanta and Las Vegas. The brand also plans to extend the move to all of its North American
Twitter has announced a partnership with payment processing company Stripe that will look to test a way for content creators to receive cash in cryptocurrencies. This test will take place in 120 countries later this year and will feature Ethereum integration and compatibility with multiple
Traditional banks are hiring services that allow you to track your bitcoins and investing in on-chain analytics technology. There is a very fine line between the benefits and harms of the ease of tracking your bitcoins through technologies that use on-chain analytics to monitor the
Even with Bitcoin dropping close to $39,000, three-quarters of BTC addresses are still in profit. The current bear market is not as severe as the worst phases of all previous cycles. Long-term Bitcoin holders are the least likely to suffer a loss. Bitcoin price is
Strike has partnered with Shopify, Blackhawk Network and NCR to increase acceptance of bitcoin as a payment method at most merchants in the United States. Jack Mallers, the CEO of Strike, announced this Thursday (7) that he has closed partnerships with the largest payment processors
Even though the first initiative to launch a cryptocurrency failed, Meta still seems to have not given up on implementing a digital currency on its respective platforms. According to sources in the Financial Times (via Engadget), Meta is currently “exploring” the possibility of developing a
The IMF has warned that financial sanctions on Russia threaten to undermine the US dollar’s dominance and favor the establishment of new monetary standards, such as the adoption of Bitcoin. “Financial sanctions imposed on Russia for its invasion of Ukraine could result in the reduction