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A survey conducted recently by the Center for Citizen Studies of the Francisco Gavidia University, a private institution in El Salvador, has found that more than half of the Salvadorans surveyed still prefer the dollar over bitcoin as legal tender. Bitcoin, which has been pushed by Salvadoran president Nayib Bukele,
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The Reserve Bank of Australia has been ramping up research into central bank digital currencies (CBDCs), but is not convinced “that a strong policy case has emerged in Australia,” said Tony Richards, Head of Payments Policy at the RBA.Australia’s current payment infrastructure provides consumers with ample safe and convenient options,
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Despite the best efforts by bulls for what has been several weeks now, Bitcoin price can’t seem to get back above $60,000 and spend any meaningful time above it. Fundamentals are as bullish as it gets for the top cryptocurrency, but bearish technicals might have finally caused sellers to step in.
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I’ve tried various ways to convince my Dad, a typical Chinese boomer, to allocate part of his hard-earned money into bitcoin, but most of my pitches have failed badly. For thousands of years in feudal society, the Chinese have a natural inclination to believe in authoritarian power, considering political leaders as
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Blockchain technology isn’t exactly the first thing you’d associate with the 94-year-old monarch, Queen Elizabeth of the United Kingdom. However, a blockchain journal from the British Blockchain Association has caught the Queen’s eye. Validation and support from such a prominent figure will certainly not harm the fledgling industry. When I think of publications
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Yearn.finance’s YFI has been one of the most volatile crypto assets of recent days. According to data from
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Many traders have argued over recent weeks that Bitcoin’s recent price action resembles a textbook top. As NewsBTC has covered extensively, there are a number of signs to corroborate this sentiment:Yet a trader has argued that Bitcoin topping at current prices doesn’t make any sense to him. Here’s why.Related Reading:
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Bitcoin bull Anthony Pompliano recently took part in the Bill Bert Podcast, hosted by comedians Bill Burr and Bert Kreischer.The hour and a half long episode had Pompliano selling the merits of Bitcoin, while at the same time, dispelling myths that had previously held the pair back from investing.As a
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Bitcoin may have performed extremely well over the past two months, rallying over 100% from the March lows, but analysts say the asset’s rally is far from over.Speaking to Bloomberg on Monday, a leading industry chief executive argued that the price of BTC is still on a trajectory to rally
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While headlines about tanking bitcoin prices serve ideal opportunities for investors to enter the cryptocurrency market, one top analyst thinks the asset is lacking new buyers.Alex Saunders, the CEO & Founder of Australia-based Nugget News, offered a wave of discouraging catalysts that might have driven people out of cryptocurrencies, including
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