IMF warns Central African Republic over bitcoin adoption – Technext

According to Bloomberg: “The adoption of bitcoin as legal tender in the Central African Republic raises major legal, transparency, and economic policy challenges. A 2021 report by the African Development Bank Group says: “COVID–19 had a limited health effect on the Central African Republic. But its economy suffered from the pandemic—both from weak global demand […]

Bitcoin Drops Below $36,000, Should You Buy? – The Motley Fool

Crypto’s market cap — the value of the whole crypto market — fell about 7%, according to CoinMarketCap. Investors also took heart from Federal Reserve Chair Jerome Powell’s cautious confidence that inflation could be brought under control without triggering a recession. Prices of equities and crypto fell dramatically today as the market digested the interest […]

Terra Becomes Second-Largest Corporate Holder of Bitcoin, Surpassing Tesla – U.Today

Terra’s Do Kwon expects that the non-profit’s Bitcoin holdings will eventually reach $10 billion, which will easily make it the largest single-wallet holder of the flagship cryptocurrency. The top cryptocurrency is currently trading at $36,479 on the Bitstamp exchange after crashing more than 8% within a single day on Thursday. Alex Dovbnya is a cryptocurrency […]

Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80394 BTC

According to a report published on Thursday, the Luna Foundation Guard explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. While 42,530.828 BTC can be seen on the blockchain via LFG’s public address, the 37,863 bitcoin purchased were acquired via two over-the-counter deals. “It’s making a strong directional bet […]

Tsunami hits crypto market as Bitcoin suffers worst drop since January 2022 – Nairametrics

A liquidation cascade appears to have occurred at the same time as the crash. Even so, the road ahead is rocky, with pivotal economic data and global developments that might cause the central bank to rethink its approach. Despite the malaise, cash has been leaving the sector. Olumide Adesina is a financial market journalist that […]