In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently discovered a much less pleasant sound: the "haunting hum" of bitcoin mining farms. "The noise pollution of this industry is like nothing else that has been there," said Niagara Falls Mayor Robert Restaino in his office decorated with paintings of the famous waterfalls.
More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country consider the controversial move by President Nayib Bukele as a "failure."
A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele. El Salvador became the first country to accept Bitcoin as legal tender, alongside the US dollar that has been the official currency for two decades.
The bitcoin boom spawned new billionaires and videos of beach parties and Lamborghinis. Bitcoin was the first cryptocurrency.
Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings. - Bitcoin sale - During the quarter, Tesla liquidated about 75 percent of its holdings in bitcoin, the value of which has declined sharply in 2022.
Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. After sinking to $18,740 on Saturday, Bitcoin rose to $18,941 at 1550 GMT, down eight percent from Friday.
The Bitcoin market has gained some tremendous amount of attention from individual investors and financial markets. Some are still skeptical due to volatility
As the number of Cryptocurrency believers keeps increasing, some Ghanaians want to try the new product while others want to fully understand it more. Details...
For many in Ghana the biggest barrier to entering the cryptocurrency space is fear of scams. This fear is not entirely unfounded, but in reality, scams are easy