Bitcoin

    • El Salvador becomes first country to accept bitcoin as legal tender

      El Salvador becomes first country to accept bitcoin as legal tender

      El Salvador on Tuesday becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international warnings of risks for consumers, AFP reported. President Nayib Bukele's government claims the move will give many Salvadorans access to bank services for the first time and save some $400 million in fees on remittances sent home from abroad every year.

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    • US cinemas will accept Bitcoins

      US cinemas will accept Bitcoins

      The leading US cinema chain AMC wich is the owner of the popular Odeon theatres announced it would introduce payments in cryptocurrency in a bid to compensate the downturn caused by pandemic. All customers will be allowed to pay in Bitcoins by the end of the year, BBC said. AMC chief Adam Aron confirmed the exploring the technology and "how else AMC can participate in this new burgeoning cryptocurrency universe".

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    • Russia-linked hackers claim $70m in Bitcoin to restore data of attacked US firms

      Russia-linked hackers claim $70m in Bitcoin to restore data of attacked US firms

      Hackers suspected to be behind a mass extortion attack that affected hundreds of companies worldwide late on Sunday demanded $70 million to restore the data they are holding ransom, according to a posting on a dark web site, Reuters reported. The demand was posted on a blog typically used by the REvil cybercrime gang, a Russia-linked group that is counted among the cybercriminal world's most prolific extortionists.

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    • Spain's BBVA opens crypto-trading for Swiss clients

      Spain's BBVA opens crypto-trading for Swiss clients

      The Spanish BBVA announced it was starting trading with bitcoins as part of services offered to private banking clients in Switzerland, Reuters reported. The move follows several calls from customers interested in digital asset investment. The bank said the new business would include bitcoin trading and custody services, with the prospect of extending it to other cryptocurrencies. It would not offer advice on these types of investments, the statement said.

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    • Crypto miners squeezed by new crackdown

      Crypto miners squeezed by new crackdown

      Big international crypto miners suffered intensive pressure from China and that hampered the price of Bitcoin and other crypto assets, Reuters reported. The operation of Beijing was focused on Bitcoin mining and trading. A State Council committee led by Vice Premier Liu announced the crackdown as part of efforts to fend off financial risks.

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    • Tesla halts accepting bitcoin payments

      Tesla halts accepting bitcoin payments

      US maker of electric vehicles Tesla announced it would stop accepting bitcoins as an alternative payment method. This statement was unveiled by founder and majority shareholder Elon Musk, AP reported. He said on Twitter that bitcoins have a very harmful effect on environment and therefore will be excluded from Tsla's approved methods of payments.

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    • Coinbase value spikes to $86bn in debut trading

      Coinbase value spikes to $86bn in debut trading

      The crypto currency Coinbase made a smashing debut and it saw its shares surge and marked value reaching as high as 86 billion dollars after touching briefly 100 billion, AP reported. Coinbase Global IPO is seen by some as an inflection point for digital currencies, as Coinbase’s fortunes are closely tied to Bitcoin, the most popular crypto currency. Bitcoin’s price topped $64,000 in mid-week trading, up from $29,000 at the start of the year, and Coinbase said recently that first-quarter revenue should total around $1.8 billion, exceeding its revenue for all of 2020.

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    • iOS app stole $1.6m in bitcoins from users

      iOS app stole $1.6m in bitcoins from users

      Apple boasts that its branded App Store is a safe haven. The same cannot be said about Google Play, where you can find malicious applications. But not everything is so simple and Apple does not have a mechanism that 100% guarantees that low-quality software does not fall into the open spaces of the application store.

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