Friday, May 13, 2022

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.The world's largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a recent collapse in price as investors...

Saturday, May 7, 2022

Crypto exchange Binance blocks Russian users targeted by sanctions

The United States, Britain, Europe and Canada announced new sanctions on Russia on Saturday, including blocking certain lenders' access to the SWIFT international payment system, following Russia's invasion of Ukraine.Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of...

Thursday, May 5, 2022

Warren Buffett won't pay even $25 for all Bitcoin in the world

SAN FRANCISCO: As Bitcoin hovers in the range of $38,000 - $40,000 per digital coiin, billionaire Warren Buffett said that he will not even pay $25 for all the Bitcoin in the world.Addressing Berkshire Hathaway's annual shareholder meeting, the ace investor said Bitcoin is not a productive asset and doesn't produce anything tangible, reported CNBC."If you told me you...

Featured Post

What Next For Bitcoin?

  Elon Musk suspends payments using the cryptocurrency. Photo by  Beat Jau  on  Unsplash I woke up this morning to the news that Elon Musk h...