Bitcoin Is Increasingly Behaving Like Another Tech Stock

Unlike the idealists who fueled the initial enthusiasm for Bitcoin in the 2010s, these professional traders see cryptocurrency as part of a broader portfolio of high-risk, high-reward technology investments. Some are under pressure to deliver short-term returns for customers and less ideologically committed to Bitcoin’s long-term potential. And as they lose faith in the tech …

Bitcoin Miners Want to Reinvent Themselves Eco-Friendly

Along a dirt-covered road deep in Texas farm country, cryptocurrency company Argo Blockchain is building a powerhouse for the internet age: a crypto “mining” site filled with new Bitcoin generating computers. But unlike other Bitcoin mining operations that consume large amounts of fossil fuels and generate carbon emissions, Argo claims to be trying to do …

Ministry of Justice Seizes $3.6 Billion in Bitcoin and Arrests Marrieds

WASHINGTON – The Justice Department said on Tuesday it has confiscated over $3.6 billion in stolen Bitcoin and arrested a married couple accused of laundering cryptocurrency stolen by hackers six years ago. The couple, 34-year-old Ilya Lichtenstein and 31-year-old Heather Morgan, were previously accused of conspiring to launder 119,754 Bitcoins stolen. stolen in 2016 From …

Stocks are rising for the fifth day and Bitcoin is approaching a record high.

U.S. stocks rose in early trading on Tuesday, with the S&P 500 up nearly 0.5 percent. The benchmark index is on track for the fifth consecutive day of earnings and is up nearly 5 percent since its October 4 low following a September drop. Cryptocurrency prices rose and Bitcoin reached $62,500, according to CoinDesk. Tuesday, …

El Salvador’s Bitcoin Acceptance Broken By Glitches

El Salvador faced a rocky transition during its time. Acceptance of Bitcoin as legal tender On Tuesday, the country adapted to new technology that would allow payment using cryptocurrency. The country is the first to use Bitcoin as its official currency. Authorities struggled to fix glitches in the new system, including the country’s digital wallet …

Glitches prevent El Salvador from officially adopting Bitcoin

El Salvador’s president, Nayib Bukele, promoted the adoption of the digital currency.Credit…Jose Cabezas/Reuters El Salvador faced a rocky transition during its time. Acceptance of Bitcoin as legal tender On Tuesday, the country adapted to new technology that would allow payment using cryptocurrency. The country is the first to use Bitcoin as its official currency. Authorities …