Bitcoin was trading more than 1.5% higher Saturday morning. CONSTELLATION BRANDS, INC. The price was around $48,670 per coin (+1.67%), while rivals Ethereum and Dogecoin were trading around $3,520 (-0.19%) and 24.4 cents (-2.95%) per coin, respectively, according to Coindesk. FIDELITY LOBBIES SEC FOR BITCOIN ETF The Biden administration is preparing an array of actions,… Read More »
There’s no doubt that cryptocurrency in its current form is bad news for our planet. But while much attention has been paid to crypto’s carbon footprint and electrical use, its impact on e-waste hasn’t received similar scrutiny, until now. A new study out this month in the journal Resources, Conservation and Recycling has come up… Read More »
El Salvador will exempt foreign investors from taxes on profits on bitcoin speculation in the country, a government adviser said Friday, after it became the first to recognize the cryptocurrency as legal tender. “If a person has assets in bitcoin and makes high profits, there will be no tax. This (is done) obviously to encourage… Read More »
El Salvador updates Sign up to myFT Daily Digest to be the first to know about El Salvador news. As the cryptocurrency bitcoin became legal tender across El Salvador this week, a long queue formed at a cash machine on the edge of the capital. Those in line were mostly after one thing: US dollars.… Read More »
The largest cryptocurrency by market value dropped as much as 3.2% to $44,760 during New York trading, before paring losses. Ether slumped as much as 6.5% to $3,210. The Bloomberg Galaxy Crypto Index fell as much as 5.9%. Chartists looking at Bitcoin’s technicals see a potentially volatile period ahead as the coin bumps up against… Read More »
If you pay attention to cryptocurrency markets, you’ll notice that prices have gone up—way up. Since 2009, the value of Bitcoin has gone from fewer than ten cents to over $56,000 (as of this writing). The value quadrupled in 2020 and surged more than 63 percent in 2021. Though investing in cryptocurrencies is not for… Read More »
About 43 per cent of Singaporeans surveyed owned cryptocurrency, with the ownership rate highest at 66 per cent among those from 26 to 45 years old. (PHOTO: Getty) By Chelsea Ong SINGAPORE — Cryptocurrency is gaining recognition and acceptance by Singaporeans, according to a survey commissioned by Independent Reserve. This is among the findings of… Read More »