El Salvador President Nayib Bukele declared the country’s largest Bitcoin purchase to date in the middle of a terrifying crypto market fall. He tweeted on May 9 that El Salvador has just purchased an additional 500 tokens for roughly $15.3 million, while the Salvadoran crypto holdings reached 2,300 BTC. Amid the crypto bloodbath, El Salvador…
Bitcoin is on a downward trajectory, despite the fact that the cryptocurrency industry overall is growing quite vigorously. But BTC holders are clearly in a foul mood right now, although they still hold on to the “million-dollar bitcoin” outlook. If I am to give a dissenting opinion – the BTC depreciation against the dollar signifies…
Bitcoin tumbles to its lowest price since July 2021 as tighter monetary policy continues to impact risk-on assets. Bitcoin and ether lost pivotal support level leading to massive losses for long futures traders. Bitcoin fell to $29,731 on Tuesday, its lowest level since July 2021, after dropping nearly 12% last week, its worst weekly loss…
Opening up the UAE real estate to cryptocurrency payments could be the biggest change to the sector since the Palm Jumeirah was announced, said Christopher Flinos, the CEO of Hayvn. According to Hayvn CEO, the benefits of crypto payments, including no cheques, no loans, no fees, no taxes, and lower costs, make better houses more…
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions on a cryptocurrency mixer Blender.io, which happens to be used by North Korea (DPRK) and other illicit activity. In a press release on May 6, OFAC said that the mixer is allegedly being used by hackers in North Korea…
One unique blockchain business area, which rarely gets written about, is specialized security and privacy services. Among its most outstanding startups is Nym Technologies, whose developers claim that their network is superior to VPN and even Tor. Are they right? The race between “shields” and “swords” in cyberspace is everlasting. Back in 2017, when cryptocurrencies…
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