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Bitcoin Surges as Inflation Fears Hit the US

The value of Bitcoin rose on Friday after a new report found that U.S. consumer prices are growing at the fastest rate since 1982. The cryptocurrency climbed 4.4% to $50,101 after the report on inflation became public. This surge is...

First Bitcoin ETF Has Officially Started Trading

The first Bictoin-linked exchange traded fund officially went live on Tuesday. The ProShares Bitcoin Strategy ETF started trading at $40 a share when it opened on Tuesday, and was up 5% by the time the market closed. The ProShares fund...

Bitcoin Could Bring Another Financial Crisis, Bank of England Warns

A senior deputy at the Bank of England cautioned on Wednesday that the cryptocurrency Bitcoin could lead to another financial crisis. Deputy governor Sir Jon Cunliffe said that governments must begin to instill stricter regulations on crypto, comparing the volatility...

All You Needed to Know About Cryptocurrency in Greece

In the past couple of years, cryptocurrency has invaded Greece's society, mostly because of high taxation and the pandemic. While the average Greek might not know what "bitcoin" means, interest in its mining has risen significantly. In Greece, an estimated...

Crypto Value Soars After El Salvador Uses Volcanic Energy to Mine Bitcoin

The price of cryptocurrencies is soaring after El Salvador's President Nayib Bukele announced on Friday that the country is using volcanic energy to mine Bitcoin. The news came via Bukele's twitter account, where the president posted a video of a...

China Decrees All Cryptocurrencies, Including Bitcoin, Illegal

China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal on Friday, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued...

Twitter Will Let Accounts “Tip” Each Other with Bitcoin

The social media platform Twitter announced on Thursday that it will begin allowing its users to send and receive Bitcoin payments. The introduction comes as part of the company's wider effort to monetize its site. The popular platform will also...

Why an American Think Tank Brands Bitcoin ‘a Scam’

An American think-tank called the Gravel Institute recently released a new video explaining why it believes Bitcoin is a scam akin to a Ponzi scheme. Writer and economist Doug Henwood spoke in the video explaining why he believed Bitcoin resembled...

AMC Will Begin to Accept Cryptocurrency as a Form of Payment

AMC, currently the largest movie theater chain in the world, will begin accepting Bitcoin and other forms of cryptocurrency as payment for movie screenings and concessions. The company's CEO, Adam Aron, announced the groundbreaking news on Wednesday by tweeting “Cryptocurrency enthusiasts:...

Elon Musk Tweet Causes Cryptocurrency to Go Up 1000%

Elon Musk caused a 1000% surge in the price of the Shiba Floki cryptocurrency after tweeting an image of a Shiba Inu dog, captioning it "Floki has arrived." The image is actually of Musk's newest addition to his family, a...