Tag: Bitcoin

The NFT, a burgeoning technology that potentially could change how we own everything from artwork and concert tickets to our homes. The mind-boggling sales bring attention to NFTs, along with support from bigger names. USA TODAY collected everything you need to know about the digital platform. Last week, the auction house Christie’s announced the artist…

Bitmain, China’s largest manufacturer of top-tier crypto mining machines, has claimed on Wednesday that it suspends sales of its miners globally due to the mining restriction in China. According to Bloomberg, the Beijing-based mining giant decided to cut supply after its rigs have lost their value by about 75% since April. In recent weeks, China…

On Wednesday, The Bitcoin Fund debuted on the Nasdaq Dubai exchange became the first digital asset-based fund to list in the Middle East and North Africa. Canada’s largest digital-asset investment fund manager 3iQ Corp seeking to raise around $200 million in the offering. As Reuters reports, the Bitcoin Fund becoming the Middle East’s first listed…

In Venezuela’s economy, disrupted by hyperinflation and United States sanctions, cryptocurrency is a way to provide services and a tool to send remittances, protect wages from inflation and help businesses manage cash flow, Al Jazeera reported. Cryptocurrency in Latin America has attracted attention again in June after El Salvador adopted Bitcoin as legal tender. Its…

Nassim Taleb, the “Black Swan” author and past Bitcoin fan, published his view degrading it. In his words, the coin “can be neither a long or short term store of value (its expected value is no higher than 0).” The author of the “Black Swan” and several bestsellers on finance and risk, as well as…

The price of Bitcoin has suddenly fallen below $30,000 on Tuesday, following the bad news from China. In total, more than half a trillion dollars has been wiped from the crypto market in the last seven days, as the cryptocurrency lost more than 50% since its all-time peak in April. Experts say about the market…