Category: Bitcoin Cash
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Bitfinex will donate BTC and USDT valued at $1.3 million to communities in El Salvador
A donation of 36 bitcoin and $600,000 worth of tether tokens will be made to support communities and small businesses in El Salvador, the crypto exchange Bitfinex announced on Thursday. The funds will initially target small businesses in Salvadoran communities in Apopa, Ilopango, and Soyapango, according to Bitfinex. The digital currency exchange Bitfinex has announced…
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As recession worries weigh on financial markets, Bitcoin declines to $19.7K, and the euro approaches dollar parity
Singapore’s state-owned investor Temasek said it sees more broader-market declines in the coming months. In the midst of a sell-off in broader markets that saw equity indexes decline and the euro approach parity with the U.S. dollar, Bitcoin fell through a key support level Tuesday, dropping below $19,700. According to price charts, bitcoin was rejected…
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According to an ESG study, Bitcoin mining has the potential to eliminate 0.15 percent of global warming by 2045, with no other technology capable of doing so.
The environmental impact of bitcoin mining has become a hot topic in recent months, with climate activists claiming that proof-of-work (PoW) mining is too energy-intensive. However, according to a recent report by ESG analyst Daniel Batten, bitcoin mining could reduce global carbon emissions by 5.32 percent. According to Batten’s research, if bitcoin mining companies “aggressively”…
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Bitcoin drops to a three-month low of around $34,000.
Bitcoin (BTC) hit a three-month low on Sunday, just days after cryptoanalysts warned that price charts were indicating bearishness. The bitcoin price was around $34,500 as of press time, down 3.8% over the past 24 hours. BTC’s price has fallen for four straight days. Early Sunday the largest cryptocurrency slid to $33,710, the lowest since…
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Bitcoin miners are halfway through the next block reward halving cycle.
The bitcoin mining pool Poolin mined the 105,000th block reward since the last halving on May 5, 2022, at block height 735,000. The mined block also marks the halfway point between now and the next halving, which is expected on or around April 27, 2024. Block 735,000 comes three days after the network issued over…
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The Central African Republic’s adoption of bitcoin, according to the IMF, poses risks.
The International Monetary Fund (IMF) has joined the chorus of critics of the Central African Republic’s (CAR) decision to adopt bitcoin. According to the IMF, the adoption poses legal and economic challenges not only to the country, but also to the region. The IMF has reportedly said the CAR’s recent decision to adopt bitcoin poses…
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The CME Group, a leading derivatives exchange, has launched micro bitcoin and ether options.
Micro-sized bitcoin and ether options have been launched by the CME Group, one of the world’s largest derivatives marketplaces. According to a CME executive, “the launch of these micro-sized options builds on the significant growth and liquidity we’ve seen in our micro bitcoin and micro ether futures.” CME Group announced Monday that it is now…
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The Payments Company of Jack Dorsey is ‘Officially Building an Open Bitcoin Mining System.’
In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” Jack Dorsey and the Block’s hardware general manager Tom Templeton discussed the company’s focus on bitcoin mining this week.…
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Uruguay installs its first Bitcoin ATM
Uruguay’s first crypto ATM has been installed in the coastal city of Punta del Este, a major tourist attraction in the region. Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2%…
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Happy ‘bearday,’ Bitcoin: It’s been 3 years since BTC bottomed at $3.1K
The “real” pit of the bear market for Bitcoin has since delivered over 2,000% gains for patient BTC holders. Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month. Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a…