The government of El Salvador is embarking on its next Bitcoin-related project which involves building schools using profits the nation has made on the asset. Profits or the “surplus” from the state’s Bitcoin Trust account will be channeled into the construction of 20 schools according to President Nayib Bukele. On Nov. 2, the Press Secretary
Bitcoin News
Coinbase is acquiring an AI-powered support platform Agara in an effort to deliver “world-class support for customers.” The exchange explained that “Through this acquisition, we’ll be able to provide our customers with new personalized, intelligent, and real-time support options.” The acquisition also reconfirms Coinbase’s strategy to build out its tech hub in India. Coinbase to
Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin. In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or federal level to accept part of his salary in Bitcoin (BTC). Public
On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining crackdown in China. Hashrates Return Following China’s Crypto Mining
With Bitcoin (BTC) continuing to hold ground above the all-important $60,000 psychological threshold for two weeks running, a growing chorus of voices seems to be echoing the sentiment that the market may be in the midst of another “Bitcoin season.” This basically refers to a window of time where money flows from various altcoins back
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were
Cryptocurrency mining firm Argo Blockchain has just released its Q3 financial report detailing record setting revenues for the period. The London headquartered company reported that it had mined 597 BTC and “BTC equivalents” during the third quarter of 2021. At current prices, Argo’s Bitcoin haul would be worth roughly $36.5 million. As of Sept. 30,
Cryptocurrency exchange Kraken has indicated that the shiba inu (SHIB) cryptocurrency will be listed on its platform on Tuesday. The dogecoin rival has gained much popularity recently, rising 97% in the past seven days and 825.5% in the last 30 days. Kraken Indicates Shiba Inu Will Be Listed on Its Platform Tuesday Cryptocurrency exchange Kraken
Aaron Rodgers, quarterback for the Green Bay Packers football team, has said he will be taking part of his National Football League salary in Bitcoin. In a video posted to his Twitter account on Nov. 1, Rodgers — dressed as fictional character John Wick, likely for Halloween — said he would be partnering with Cash
Burger King is giving away 20 bitcoin, 200 ether, and two million dogecoin this month in partnership with trading platform Robinhood. “Each entrant may receive up to 21 Prize Codes” that can be redeemed for cryptocurrencies on Robinhood. ‘Burger King With a Side of Crypto’ Fast food restaurant chain Burger King has announced “Burger King
Bitcoin’s (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.” Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants
Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas. Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and Riot Blockchain, one of leading publicly traded Bitcoin mining firms in the United States, are operating data centers hosted at a former aluminium smelting facility
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, and the CEO of crypto trading platform Voyager have given some advice to people thinking of starting to invest in cryptocurrencies. “You don’t have to spend a lot of money in order to learn. It’s not like the stock market where
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the
2021 has been the year of decentralized finance (defi), non-fungible tokens (NFTs), and meme tokens as well. During the first week of August, roughly 30 dogecoin-like crypto assets existed and today, there are now 45 tokens with the terms “dog,” “shiba,” and “inu” in their names. Many of these coins have seen astronomical gains this
