Bitcoin, the world’s largest cryptocurrency, has seen a massive plunge, trading more than 9 percent lower on June 26.
Recently, the cryptocurrency market tumbled again however, the three partners emphasised that the “prices may fluctuate but innovation continues to increase through each cycle.” Read more here.
El Salvador’s President Nayib Bukele announced that the recently passed law that has made bitcoin legal tender, will come into effect from September 7.
Bitmain, China’s biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing’s ban on bitcoin mining.