Texas Senator Claims People Are Flocking to Bitcoin Because US Is on ‘the Verge of an Inflation …

This week the United States senator from Texas, Ted Cruz, appeared on the Fox News television broadcast Hannity and discussed the leading crypto asset bitcoin. The Texas senator had a lot to say about Joe Biden and explained that he thinks the Biden administration is undermining the American economy and foreign policy. “Bitcoin, cryptocurrency, what […]

Explainer: El Salvador’s bitcoin push: What does it mean for cryptocurrency?

Bitcoin was designed as a currency, yet many investors see it as an asset more akin to gold than a replacement for dollars, euros or yen. Bitcoin – like many other cryptocurrencies – has limited supply designed to mitigate inflationary effects. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia […]

How Did FBI Recover Colonial Pipeline’s DarkSide Bitcoins?

Thanks to the blockchain, transactions can be traced, and especially when users convert cryptocurrency to cash, law enforcement and intelligence agencies have extra opportunities to tie the transaction to an individual’s identity. As with all things involving encryption, furthermore, sometimes law enforcement officials don’t need to crack the crypto, or unmask bitcoin users, to find […]

Is El Salvador’s Bitcoin embrace a cold shoulder to the US?

Yet for one small Salvadoran beach town, crypto is already part of daily life. Bukele, who was elected in 2019 from the centre-right Grand Alliance for National Unity party, has since festooned his Twitter account in crypto branding. El Zonte’s early adopters share his excitement. Ahead of a meeting between the International Monetary Fund and […]

Analysis: Despite El Salvador’s move, remittance companies take time to add Bitcoin

However, if such a move escalate, only a small percentage of traditional remittance companies that send the majority of cross-border remittances, despite the potential long-term risks to the business. “For Western Union and some other remittance providers, remember that most of the remittance industry volume goes from developed markets to emerging markets, mostly cash-operated people […]

Cryptocurrency News Today June 12: Bitcoin, Dogecoin, Shiba Inu and other top coins prices and …

World number one cryptocurrency Bitcoin was down by 6% and was trading at Rs 27,28,815 after hitting day’s high of Rs 29,00,208. Ethereum, ranked at 2nd position globally, was trading at Rs1,84,949, down 3.35%. Ranked 3, Tether continued to trade in limited space and was marginally up by 0.05%. We go beyond our legal obligations by following […]

The Best Time to Buy Bitcoin, Explained in One Chart

Created by Jeremy Schneider, founder of online education company, the Personal Finance Club, the graph compares Bitcoin’s price in U.S. Following the graph, you can see that as search interest in Bitcoin first spikes in mid-2017, the cryptocurrency’s price soon picks up momentum and peaks at about $20,000 late that year. Looking at Schneider’s chart, […]