BTC

Leading U.S Bitcoin (BTC) ATM provider Cryptobase believes you should ditch your regular crypto exchanges for its ATMs. According to the firm's  Chief Operating Officer Michael Telvi, their ATMs ease transacting in Bitcoin and other digital assets. Mr. Telvi said that Cryptobase's ATMs enabled you to trade seamlessly by using your phone and cash. To locate one, you first search for a Bitcoin ATM Near Me. After that, you'll complete the transaction by following a few easy steps. Buy Your…

El Salvador will utilize newly discovered geothermal resources to build a Bitcoin( BTC) mining hub in the country.  Salvadoran President, Nayib Bukele, revealed this in a tweet celebrating the digging up of a well that'll provide about 95 MW of steam power. Mr. Bukele took pride in the facility, stating that it would provide 100% clean energy from the country's volcanoes. He suggested that he'd started designing a BTC mining hub around the well. I’ve just instructed the president of…

The Salvadorian Congress garnered 62 out of 84 votes on Wednesday morning to become the first country to recognize bitcoin as a legal tender officially. President Nayib Bukele, who proposed the bill approved by Congress, is set to sign it later today. Making History According to El Salvador'sSalvador's proposed bill, its citizens can now pay bills and taxes in bitcoin. Exchanges within the country's borderline will not be subject to profit tax. Article 7 of the bill states that businesses…

El Salvador's President Nayib Bukele has announced plans for his country to adopt Bitcoin (BTC) as the legal tender. Furthermore, the President affirmed that he would send a bill to the Senate seeking to make BTC the country’s legal means of exchange.  Mr. Bukele’s party and allies hold a majority of 56 out of the total 84 seats in the Senate. Analysts, therefore, suggest that the bill will likely pass. BTC, El Salvador's Optimistic Future  Speaking at the Bitcoin 2021…

According to several on-chain features, the possibility of Bitcoin heading towards a significant price boost is still in the game. Miners have ceased disposing of their coins, including long-term hodlers. The Stablecoin Supply Ratio has also dropped substantially recently. Apart from being the root of the Bitcoin network, miners also have a notable role in the underlying asset price. For example, they can negatively impact BTC's price when they finally sell off massive portions. This was the case at the…

The crypto market has experienced increased volatility this month, with BTC slashing half of its gains amidst a broader market selloff. Other top crypto assets such as ETH and ADA also struggled to hold on to recent gains, leaving investors debating whether the bulls can pull off an upset and propel prices higher. The recent bloodbath in the crypto markets resulted in $1.69B of stablecoins being withdrawn from derivative exchanges, as per data from CryptoQuant. Lex Moskovski, the Chief Investment…

The wider crypto market endured an intense selloff this past weekend, with major digital assets such as BTC, ETH, and ADA parrying massive gains. The catalyst for the weekend slump was miners in China, who account for about 70% of the bitcoin supply, halting operations after authorities reaffirmed their commitment to crack down on the emerging sector.  Following China's renewed hostile stance on crypto mining, major exchanges such as Huobi announced that they would suspend cryptocurrency mining and some trading…

One year into the pandemic, the crypto market appears to have boomed. When the pandemic occurred, Bitcoin – the world's first cryptocurrency – could be bought for about $7,300. A couple of days back, the token cost over 55 000 dollars, a 653% increase, with similar surges in other leading cryptocurrencies (e.g., Ether).  During the pandemic, many things came together that helped Bitcoin and cryptocurrencies, in general, out quite a bit. First, the stock market volatility drove many people to buy…

Even as cryptocurrencies with larger market caps continue to tumble,  MATIC (Polygon) Ethereum's multichain scalability platform has skyrocketed. In a seven-day trailing period, it has grown by nearly 145%. The platform's surge is taking place in the backdrop of a resurgence of the Defi sector. By midnight on Monday, the coin had attained a record high of $2.14. MATIC Gains Over BTC and ETH At the time of going to press, Polygon's token was trading at $2.04. The price represented…