Ether suffered a similar fate on Thursday, suffering a drop of over 4% trading around $2,900 on the early stages of Friday.
If the bill gets cleared in the Senate, it would offer an ultimatum of sixty days to Federal agencies to deposit an extensive report that examines the various elements of the Central American country’s capabilities concerning cybersecurity and financial soundness.
The switch to digital currencies is arguably an executive decision or a move that has drawn a lot of comments from experts, some of whom believe the plan is indeed a strategic one.
Managing Director for Europe at Fidelity International, Christian Staub noted that the distributed ledger technology could change the face of financial systems.
Bitcoin has gained notable attention in the global economy following huge adoption by institutional investors and international recognition after El Salvador’s adoption as a legal tender.
With the government now targeting crypto assets, it remains unclear exactly how they plan to stop a decentralized payment system.
PlanB is confident in BTC hitting $100,000, however, the time frame remains what the rest of his team has to work out.
Semiconductor heavyweight Intel says it will debut a new crypto mining chip that will perform much better than its rivals.
The Bitcoin network hashrate has touched a new all-time high registering a 31% jump in a single day. This suggests higher miner participation and the growing security of the Bitcoin blockchain.
According to Giga Energy’s co-founder, using flare gas to mine Bitcoin has turned out to be a successful idea. This startup has already signed deals with over 20 oil and gas companies. Besides, the company is planning to expand its staff with six more people this month.
“The cryptocurrency derivatives market has evolved over the past few years, and this presents plenty of market opportunities for retail traders,” says Marcus Fetherston, Head of Operations at Eightcap.
“All bets are in on the family,” Drake wrote after his bet. Beckham Jr. replied by saying: “It’s time.”
Chainalysis’s report revealed that the Russia-based hacker group Conti was the biggest and most active ransomware strain last year in terms of revenue.
The Consumer Price Index (CPI) data for January was released on Thursday and against the 7.3% annual growth that was being expected, the figures published show consumer prices surged 7.5% YoY.
Bill Ackman’s latest comments came after a New York resident expressed his dismay on Twitter over the city’s poor crypto regulations and how they may drive him to leave.