Bitcoin Becomes One of the Official Currencies in The Central African Republic

Many countries are widely accepting cryptocurrencies in different means. After European countries, the Middle East Region has welcomed digital currencies by granting leading exchanges licenses and accepting crypto payments in various shops. Recently, the Central African Republic has taken the first step toward accepting cryptocurrency. And the act is quite bold as it has announced […]

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Following Its Launch Next Week, Australia’s First BTC ETF Might Inspire $1 Billion

The Australian Financial Analysis represents that financial regulators had already approved Australia’s 1st Bitcoin ETF to start trading on April 27 and that it could perceive approximately $1 billion in capital flows. An ETF is indeed a governed marketplace financing that helps investors to profit from bitcoin prices without directly owning any coins. Cosmos Investment Management was […]

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Bitcoin Expected to Hit a Low of $37,000 or a High of $45,400

Finally, after a great competition between the Bitcoin bulls and the bears, it is the bulls that have prevailed. They successfully managed to push Bitcoin over the $40,000 per BTC mark. The bulls didn’t make a stop or exhaust their resources at $40,000. Instead, they pushed through the $40k per BTC and even crossed the […]

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Mining Difficulty Rises In 2022 As Bitcoin Price Starts With A Downtrend

Bitcoin (BTC) has been experiencing a more than 40% decrease in its price from $69,044 on Nov 10. 2021, which was its all-time high. The miner’s difficulty of obtaining Bitcoin from the network has not been affected by the volatile price of BTC. In the last two months for the second time, the BTC difficulty reached […]

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Price Analysis of Bitcoin (BTC) shows it May Hit a Low of $40,751 and a High of $52,088

It was on February 7, 2022, when Bitcoin (BTC) observed a rise in its price. It was on this particular day that the price of Bitcoin managed to grow over the 42,659 per BTC. As of now, the $42,659 figure is the 50-day simple moving average for Bitcoin. Just as Bitcoin’s price managed to cross […]

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Tonga Next In Line in Adopting Bitcoin Under “Legal Tender”

Lord Fusitu’a of Tonga is anticipating Bitcoin’s adoption in the country in the month of November 2022 under a ‘legal tender’ like that of El Salvador. At the beginning of 2022, El Salvadoran President Nayib Bukele had remarked that Bitcoin will be receiving ‘legal tenders’ from two more states. It seems that his remark was […]

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$43 Million Investment Increases Bitfarms’ BTC Holding By 30%

If investors are free to buy Bitcoins during the dip then why miners shouldn’t do the same. This is exactly what has happened recently when one of the leading Bitcoin miners namely “Bitfarms” has opted for a shortcut in an attempt of increasing its Bitcoin holding. At least a thousand BTCs were purchased by Bitfarms […]

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Internet Suspension in Kazakhstan Reduces Bitcoin Hashpower By 13.4%

Amid Bitcoin mining shut down in China, Kazakhstan became the ‘new China’ for Bitcoin mining. The biggest miners of the world also diverted their attention towards this landlocked country for installing their Bitcoin mining farms there. Resultantly, in a very short time, Kazakhstan became the second biggest country hosting the biggest Bitcoin mining farms in […]

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El Salvador Goes Through Massive Law Reforms for ‘Bitcoin Bonds’

Bitcoin Bonds will soon be introduced in El Salvador but before their launch, the Government is going through massive law reforms for the purpose and has proposed that at least 20 bills to the effect will be prepared. The revenue collected from the Bitcoin Bonds will be utilized towards developing ‘Bitcoin City’. El Salvadoran Parliament […]

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