El Salvador’s President Nayib Bukele confirmed via Twitter Wednesday evening that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market. The price of Bitcoin was around $58,800 dollars, down from breaking all-time highs to reach nearly $67,000 on 20 October, at the time of…
Dogecoin (DOGE) soared on Oct. 28 amid massive capital rotations out of its top meme coin rival Shiba Inu’s (SHIB) market. Notably, the DOGE price rallied by a little over 44% to reach its intraday high of $0.3449. Its gains appeared in contrast to SHIB’s losses in the same period. On the other hand, the so-called Dogecoin Killerdropped almost 28%…
Central Retail Corp., a leading firm in Thailand’s retail industry, is testing a digital currency among its employees. After the sandbox phase is finished, the retail giant plans to extend the service to customers and the general public, according to a report by Bloomberg. The C-Coin, a blockchain-powered cryptocurrency, is being offered to 80,000 Central Retail Corp employees around the…
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in his speech at Monday’s launch of the e-naira CBDC, stating: “Indeed, some estimates indicate…
ARK Invest, the investment firm led by Cathie Wood, moved to purchase a total of 2,240,680 shares of Robinhood on Wednesday, worth as much as $79.4 million. Data disclosed by ARK Invest shows that the purchase was spread out across the firms three actively managed exchange-traded funds (ETFs), with ARK Innovation ETF (ARKK) being the largest recipient (1,728,431 shares). A…
Bitcoin (BTC) delivered another classic surge during Oct. 28 as bulls enjoyed a $1,700 hourly candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin suddenly abandons the bears Data from Cointelegraph Markets Pro and TradingViewshowed BTC/USD breaking back above $60,000 after tracking sideways since early Wednesday. The move meant that the pair cast firm doubt on recent bearish behavior, all…
The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange. Volt Equitys Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the companys CEO Tad Park told Cointelegraph. The ETF will be…
Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry. Hash rate recovers the dip Five months since the largest ever migration in Bitcoins history began,…
The crypto ecosystem picked yet another executive from traditional finance. Two months after raising $263 million, the Europe-based cryptocurrency trading platform Bitpanda announced that Joshua Barraclough, a former exec at JP Morgan, joined its ranks as the CEO of its fully-regulated digital asset exchange Bitpanda Pro. Before transitioning into the crypto world, Barraclough worked as the global head of the…
In brief The crypto payment option is a first for U.S. universities. The payment option relies on Coinbase Commerce. The option is limited for now to a single course. The Wharton business school at the University of Pennsylvania is launching an executive education program in blockchain and, fittingly enough, will let students pay for it in cryptomaking it just the…
