Russia’s central bank has put forward a proposal to ban the use and mining of cryptocurrencies, according to Reuters. The proposal indicates that cryptocurrencies pose a risk to financial stability and the well-being of citizens, as well as a threat to Russia’s sovereignty with regard
The American investment bank Goldman Sachs closed 2021 with a net profit of $21,635 billion, which represents a record figure for the entity’s profits and means multiplying the profit of the previous year by 2.3, as can be seen from the annual accounts published by
The use of bitcoin as a digital currency for payments has dropped significantly, according to figures stemming from Bitpay, a leading cryptocurrency payment processor. While most purchases were made with bitcoin in 2020, that dominance has waned, making room for other tokens and coins such
Since China banned cryptocurrency trading, the country’s authorities have started to tighten up. As a result, 259 cases involving money laundering with cryptocurrencies were fought, with the seizure of 11 billion yuan. The amount corresponds to approximately $1.7 billion in current values. According to the
The bet made on bitcoin (BTC) by Nayib Bukele, president of El Salvador, is costing the country dearly, according to calculations made by Bloomberg. Based on Bukele’s frequent announcements on Twitter about acquiring bitcoin alone, the Salvadoran president bought 1,391 BTC. These acquisitions, according to
China has always been against cryptocurrencies over the years, reinforcing its initiatives in 2021 to suspend bitcoin mining. But what about non-fungible tokens (or NFTs)? A new paper suggests China will launch its own state-owned platform to launch such tokenized digital collectibles, but without the
While sardines despaired as they saw bitcoin plummeting below $40,000 earlier in the week, whales went to exchanges to buy the market-leading cryptocurrency’s slump. Charts from blockchain data firm CryptoQuant show that a total of 29,371 BTC left cryptocurrency exchanges on Tuesday (11), the largest
Someone very lucky managed to get ahead of the big mining companies on Tuesday (11) and added — single-handedly — an entire block to the bitcoin blockchain. With that, he got the reward of 6.25 BTC, about $273 thousand at the current exchange rate. What
Apple became the first listed company to exceed $3 trillion in market capitalization. The company founded by Steve Jobs achieved this milestone in a Monday session in which the main Wall Street indices closed again, marking new all-time highs. Its shares finally dismissed the session
One of the largest banks in the world, Goldman Sachs estimates that Bitcoin may continue to take a part of the gold as a reserve of value asset and thus reach $100,000 a unit. According to a Bloomberg report, the bank estimates that the market