China's continued crackdown on Bitcoin mining sent the value of the world's leading cryptocurrency below $30,000 for the first time since late January. The U.S. remaining the top destination for overseas money in 2021 and 2022, the United Nations said in a report.
According to CoinDesk, the price of Bitcoin was trading at around $29,811 earlier on Tuesday but reached $30,536 as of publication time. Bitcoin hit a 24-hour low price of $28,814, according to CoinDesk.
Bitcoin fell about 7% Monday, dipping below $33,000 for the first time since June 8. Employment for workers earning less than $27,000 a year fell 23.6% in the first four months of 2020, while employment for workers earning $27,000 to $60,000 fell just 4.5%.
The producers of the film The Underground Sistine Chapel hope to cover all expenses and perhaps get seed money for their next project by selling NFTs based on their feature film. Put your GPS away: Rand McNally Large Scale Road Atlas was on the Publishers Weekly bestseller list for 45 weeks.
"While the government did approach us for assistance on Bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings," a World Bank spokesperson told Newsweek.
A hardware wallet for your various cryptocurrencies is a solid way to add more security to your digital assets. Here are 5 options to get started.
Nearly 90% of the world's central banks are developing digital currencies, apparently pressured by the rise of Bitcoin and other crypto currencies. Retail sales dipped in May, but spending at bars and restaurants surged as COVID-19 vaccination rates rose.
Intertrust, a publicly traded international trust and corporate management firm based in the Netherlands, surveyed 100 hedge fund managers worldwide and found that some firms plan to allocate as much as 10% or more of their portfolios to cryptocurrencies.
Justin Ehrenhofer of Monero Space Workgroup told Newsweek the community is disappointed that ransomware groups increasingly demand payment in Monero but understand why they do.
The cryptocurrency was endorsed by billionaire hedge fund manager Paul Tudor Jones. Bitcoin has increased in price following a month of decline in May.
SafeMoon's development team is gathering volunteers for early community testing of the SafeMoon wallet. The token's price is up on the day, but it has taken a hit over the past month.
A survey conducted by Voyager Digital, a Jersey City, New Jersey-based provider of crypto brokerage services, found that 81% were more confident of the future of cryptocurrencies and 87% planned to increase their holdings.
The cryptocurrency token, like many others, is up today after seeing its price fall over the past seven days
The price of bitcoin rose about 5 percent to nearly $37,360 about half an hour after Musk's remarks.
The FBI responded to the cyberattack by recovering millions of dollars' of bitcoin—though the cryptocurrency's price dipped afterwards.
El Salvador's legislature has adopted a bill making Bitcoin legal tender, the first nation to recognize the cryptocurrency as an acceptable form of payment for all debts. "Although enclosed shopping centers are continuing a contraction...the long-term future of malls is bright," an expert said.
Bitcoin's 10% climb in the last two days raises a basic question: Is this a dead cat bounce or the foundation for a rally? The National Retail Federation (NRF) said it expects retail sales to increase 10.5% to 13.5% this year compared with 2020.
A cryptocurrency mining company has claimed to have found a greener solution to consumer concerns about ties to fossil fuel: cow manure.
The Tysons Corner, Virginia-based analytics and business-intelligence company plans to offer $500 million in debt to acquire additional Bitcoin. The World Bank says top economies will see their fastest recovery in 80 years, but many poor nations will struggle to regain pre-pandemic income levels.
"In true Trump style, his words are contradictory, claiming that Bitcoin is both a 'scam' and yet it competes with the dollar," Jason Deane, Bitcoin analyst at Quantum Economics, in London, told Newsweek.
"That's an unknown we probably don't want to know. And it's an unknown we probably don't want to play out in a public forum," Colonial Pipeline CEO Joseph Blount said about the attack.
Elon Musk's recent comments about Bitcoin undercut the efforts of investors to establish it as an asset class, and could erode Musk's standing as leader of his two major companies, Tesla and SpaceX.
The hacking group posted a video message for the billionaire after he posted a cryptic tweet about Bitcoin that prompted the cryptocurrency to tumble in value.
President Nayib Bukele has announced that he will be introducing a bill to make El Salvador the first sovereign state to accept bitcoin as a legal tender.
"How can you say that this is a currency for everyone in the world when you are the king of censorship?" the far-right activist shouted at the Bitcoin 2021 conference.
"It's not about avoidance but rather portfolio construction based on an individual's investment goals or situation," Bill Herrmann, Co-Founder and Managing Partner at Wilshire Phoenix in New York told Newsweek.
Cryptocurrency investors and analysts believe the decentralized digital currency will rise further in value in the coming months and years.
The Tesla and SpaceX CEO caused a stir after posting heartbreak memes about the famous cryptocurrency.
"Several on-chain and network indicators have reflected a bullish skew over the week [for Birtcoin], albeit most being relatively neutral for the short and medium-term," Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore, said in a research report.