Monthly Archives: September 2021

McDonald’s now accepts Bitcoin, but only in El Salvador

Bitcoin-as-a-payment is becoming reality in El Salvador after the country formally recognized the cryptocurrency as legal tender. El Salvador’s recognition of Bitcoin (BTC) as legal tender has opened up new payment options for its citizens, with fast-food empire McDonald’s reportedly accepting payments in the cryptocurrency through Lightning Network.  Journalist Aaron van Wirdum broke the news Tuesday after he visited a McDonald’s restaurant in El Salvador, where he was presented with a printed QR code directing him to an invoice page on Lightning Network. McDonald’s has 19 locations […]

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Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset

After touching a high of $52,956 on Monday evening, the very next day the price of bitcoin slid to a low of $42,900 at around 11 a.m. (EST). Bitcoin is currently trading for prices between $46K-$47K per unit and down 8% during the last 24 hours. Bitcoin Price Slides Significantly After Nearing $53K Crypto advocates watched bitcoin tumble in a very short period of time down to $42,900 per BTC on September 7, 2021. The drop was on the same day El Salvador adopted bitcoin (BTC) as […]

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El Salvador Now Owns 550 Bitcoin, President Nayib Bukele Bought The Dip

After buying 400 bitcoin yesterday, President Nayib Bukele announces they bought the recent price dip and now own 550 BTC. Today, as bitcoin was declared legal tender in El Salvador, the price declined from around $51,000 down to $43,000, and the President of the country announced that they have bought the dip. Bringing their total amount in reserve from 400 to 550 BTC. Joking but also seriously, the President took a jab at the IMF, thanking them for the dip. The IMF is not in support of […]

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El Salvador buys the dip as Bitcoin price flash crashes to $42.9K

Volatility returned to the cryptocurrency market in a “buy the rumor, sell the fact” scenario for Bitcoin. El Salvador appears unfazed, as President Nayib Bukele bought the dip. Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption.  After hitting local highs north of $52,800 on Monday, Bitcoin’s price plunged all the way to $42,900 in Tuesday trading, according to Cointelegraph Markets Pro. Peak to […]

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Bitcoin price plunges below $43K in minutes in crypto market rout

An $8,000 daily loss leaves the market shaking its head on one of the most volatile days in Bitcoin since the China miner rout. Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Whales blamed for major BTC sell-off Data from Cointelegraph Markets Pro and TradingView captured the volatility as Bitcoin suddenly lost the psychological $50,000 level. The move came just […]

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Golden State Warriors Point Guard Stephen Curry Asks for Advice About Cryptocurrencies

The popular Golden State Warriors point guard, Stephen Curry, asked his 15.5 million followers for some “advice” about crypto. Curry said he was “just getting started” and a great number of people shared advice with the professional basketball player. Stephen Curry Gets ‘Advice’ From Crypto Twitter Well known athletes, celebrities, and musicians worldwide have been getting into digital currencies and asking fans for pointers. Recently, Bitcoin.com News reported on the American rapper Busta Rhymes asking about cryptocurrencies and whether or not he should “buy in.” Former heavyweight […]

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Fast Food Giant McDonald’s Now Accepting Bitcoin in El Salvador

Fast food giant McDonald’s began accepting Bitcoin payments in El Salvador on Tuesday, at the same time the nation become the first to adopt Bitcoin as legal tender. Fast food giant McDonald’s began accepting Bitcoin payments in El Salvador on Tuesday, at the same time the nation became the first to adopt Bitcoin as legal tender. Although the law stipulates that businesses must accept Bitcoin, many were skeptical that large businesses would be able to integrate Bitcoin payment solutions by the time the law went into effect. […]

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Russian State Hermitage raises $440K via Binance NFT auction

Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance. Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in the world, has finished its first auction on the NFT platform by Binance — the world’s largest crypto exchange — selling five tokenized collectibles […]

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IOTA Foundation to support EU blockchain initiative

The IOTA Foundation is one of seven enterprises chosen to support the early-stage innovation of a European blockchain venture. The European Commission’s blockchain initiative has selected the IOTA Foundation as one of seven projects to participate in the preliminary stage of designing an EU-wide distributed ledger technology platform.  The initiative seeks to increase the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a network of nodes dedicated to facilitating the efficiency of EU-centric transactions, as well as the expansion of the region’s supply chain through […]

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Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target

Falling back lower than $49,500 would cause problems, traders say, while any impulse move has the potential to hit $58,000. Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hedging bets against a “swift downwards move” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in two hours earlier in the day. Overnight, the pair hit […]

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