Bitcoin

Russia not ready to accept Bitcoin as legal tender, says Kremlin

Amid El Salvador officially accepting Bitcoin (BTC) as legal tender on Tuesday, Sept. 7, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency. Dmitry Peskov, the official representative of Russian President Vladimir Putin, claimed that Russia has no reason to recognize Bitcoin as legal […]

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Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo

Bitso, a major cryptocurrency exchange in Latin America, will be the core crypto service provider for El Salvador’s official Bitcoin (BTC) wallet known as Chivo. In conjunction with Bitcoin becoming legal tender in El Salvador, Bitso announced on Sept. 7 that the firm would assist El Salvador in launching the state-supported BTC wallet alongside companies […]

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El Salvador buys the dip as Bitcoin price flash crashes to $42.9K

Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption. After hitting local highs north of $52,800 on Monday, Bitcoin’s price plunged all the way to $42,900 in Tuesday trading, according to Cointelegraph […]

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Bitcoin price plunges below $43K in minutes in crypto market rout

Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView captured the volatility as Bitcoin suddenly lost the psychological $50,000 level. The […]

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Despite Bitcoin price crash, BTC is the internet of value transfer: Novogratz

The crypto market is back to major price swings followed by a Bitcoin (BTC) price crash on Tuesday, the day the largest cryptocurrency became legal tender in El Salvador. But it was not unexpected for many crypto veterans, including Galaxy Digital CEO Mike Novogratz. Speaking to Bloomberg, the billionaire Bitcoin bull said that crypto is […]

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Kraken Australia CEO talks the August market report and BTC price slump

4452 Total views 26 Total shares Listen to article News Kraken Australia CEO Jonathan Miller described yesterday’s Bitcoin crash as a natural correction after BTC was “dragged up” by the overheated Ether (ETH) and nonfungible token (NFT) markets. In its August report, Kraken notes that the supply of Ether on centralized exchanges fell to a […]

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More countries to follow El Salvador’s Bitcoin move, Cardano creator says

Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American country’s footsteps. El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” […]

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El Salvador reportedly fixes crypto wallet after bumpy Bitcoin rollout

El Salvador’s Bitcoin (BTC) adoption drive met its first roadblock after citizens reported problems downloading and operating the state-run Chivo wallet. While the wallet was taken down soon after it went live, Salvadoran President Nayib Bukele later announced that all the issues related to the BTC wallet has been fixed. He tweeted: “We have finished […]

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Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates

The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView […]

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