El Salvador is still asking the International Monetary Fund (IMF) for a $1.3 billion loan, and the IMF is still asking El Salvador to drop bitcoin as legal tender. That’s one fairly obvious takeaway from the Tuesday (Jan. 25) statement the IMF released on its...
Blockdaemon, the blockchain infrastructure firm, said it had gotten a post-money valuation of $3.25 billion, a report says. This comes after it reported a $207 million Series C round led by Sapphire and Tiger Global. Blockdaemon’s services include support on the back end for several...
Amid a major crypto market selloff, blockchain network Solana has reported network issues, including “excessive duplicate transactions,” according to a Bloomberg report Sunday (Jan. 23). The Bloomberg report notes there’s been a broad pullback in tokens, ranging from bitcoin and ether to polkadot. Solana itself...
Tesla and SpaceX CEO Elon Musk does not have a problem with Twitter adding the ability of users to use a nonfungible token (NFT) as their profile picture — putting it in an octagonal window rather than a circle. The point of the change is...
Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of...
Bitcoin has transformed from a cryptocurrency into a store of value on par with gold as an inflation hedge. So said Wall Street and institutional investors diving into BTC and the broader crypto market in 2021 — Gold 2.0. It’s a narrative many in the...
Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of since the industry exploded into the mainstream public consciousness in 2021. Over the course of this series of articles, we’ll be delving into the basics of the industry, providing an introduction...
Throughout this series of articles, we’re looking at the top blockchains in crypto to help you make sense of the alphabet soup of so-called “altcoins” that exists beyond that of Bitcoin’s BTC and Ethereum’s ETH. We will look at what they are, how they work,...
As more bitcoin mining moves to the U.S., Texas-based Rhodium Enterprises is asking cryptocurrency supporters to bet $1.7 billion on a liquid-cooled, solar- and wind-powered operation that will mine more BTC while creating less pollution. In an S-1 filing with the Securities and Exchange Commission...
