Business

Salvadoran president vows to buy "one #Bitcoin every day'

President Nayib Bukele of El Salvador, the first country to make bitcoin legal tender, said Thursday the nation would buy one unit of the currency every day, doubling down in the face of public criticism of his embrace of ...

Business

Three out of four bitcoin investors have lost money: study

Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence.

Business

US seizes $3.4 bn in bitcoin stolen from Silk Road

The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago.

Consumer & Gadgets

Assess these 13 risks when investing in cryptocurrencies

Blockchain-based cryptocurrencies can be a revolutionary digital innovation and opportunity for the whole finance industry, but they are not risk-free. A new doctoral dissertation by Niranjan Sapkota from the University of ...

Business

Bitcoin as environmentally costly as beef production

Taken as a share of the market price, the environmental costs of mining the digital cryptocurrency Bitcoin are more comparable to the climate damages of producing beef than gold mining costs, according to analysis published ...

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