bitcoin
Business
US Markets Stabilize After Weekend Crash
The United States' financial markets stabilized on Monday after suffering their worst crash since 2020 last week.
The markets pulled themselves back up amidst global turmoil surrounding the potential invasion of Ukraine and the introduction of a stricter Federal Reserve...
Greek News
Bitcoin Plunges to Six-Month Low Over War Fears
The cryptocurrency Bitcoin fell precipitously to a six-month low as Ukraine war fears made markets uneasy across the world on Monday. Trading in the most well-known cryptocurrency was down 7.4%, to $33,650, its lowest level since July 24, 2021.
This...
Business
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...
Business
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...
Business
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...
Economy
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...
Energy
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...
Business
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...
Business
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...
Business
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...