Instead, Bitcoin experienced a sell-off and slipped back to $62,800 this week before the bulls stepped in to rescue it from further decline.
Back in September, China’s Evergrande Group, the country’s second-largest property developer, fuelled fears in the global economy with its valuation plunging to unforeseen lows.
Twitter is building a new division for “all things blockchain at Twitter” called Twitter Crypto which will focus on the future of crypto and its applications at Twitter.
However, he clarified that Apple is not currently looking to accept any cryptocurrency as a means of payment in the near future nor is it planning to buy Bitcoin citing that it is not probably what Apple investors want.
Building on his mission to make Miami a crypto hub, the mayor announced that all the profits from MiamiCoin, which is based on Bitcoin, will be distributed to its citizens.
In recent news, a committee led by the junior minister of finance Jayant Sinha will host a meeting with the country’s top cryptocurrency stakeholders on November 15.
Unlike India, which is taking a holistic approach towards adopting cryptocurrency, Indonesia’s religious leaders are planning to forbid crypto for Muslims in their country.