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Thousands protest in El Salvador after bitcoin made official currency

[New York Post, EPA] Thousands of protesters took to the streets in El Salvador a week after the Central American nation became the first in the world to adopt bitcoin as its legal currency alongside the US dollar. Most marchers in El Salvador’s capital of San Salvador were peaceful, but some smashed and torched at least one […]

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Crypto Price Prediction: Bitcoin Could Hit $100,000 In 2021 But This Bank Sees Ethereum Soaring 10-Fold

[Forbes, Getty Images] Bitcoin and cryptocurrencies have seen their prices swing wildly after soaring through August. The bitcoin price hit recent highs of $52,000 per bitcoin this week before crashing to around $42,000. The price of ethereum, the second-largest cryptocurrency after bitcoin, came within touching distance of its all-time highs this week before falling back. […]

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Bitcoin rises above $40,000

(Reuters) – Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its monthslong range as short sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors. Bitcoin was last up 1.7% at $40,149 while rival cryptocurrency ether rose 1% to $2,328. Bitcoin is […]

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‘Rich Dad Poor Dad’ author Robert Kiyosaki says an epic market crash is coming – and tells investors to buy bitcoin, gold, and silver

[Markets Insider, Getty Images] The “Rich Dad Poor Dad” author Robert Kiyosaki expects a historic crash across financial markets.Kiyosaki advised investors to buy gold, silver, and bitcoin ahead of a downturn.The personal-finance guru cheered on Robinhood and Reddit traders earlier this year.Financial markets are barreling toward a brutal downturn, and investors should bank on cryptocurrencies […]

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22 of the Best Deals From Target’s Prime Day Rival Sale

[Wired] Amazon’s Prime Day event has a lot of rival sales this year. From pet products to board games, here are the spoils of Target’s discounts. The emphasis might be on Amazon Prime Day this week, but other stores have started promoting their own deals events in an effort to compete. Target’s Deal Days Sale is running […]

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China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas

[CNBC, Getty Images] In May, Beijing called for a severe crackdown on bitcoin mining and trading, setting off what’s being dubbed in crypto circles as “the great mining migration.”Texas is an ideal destination for miners, thanks to its abundance of solar and wind power, its unregulated market, and its crypto-friendly political stance.China has long been […]

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El Salvador President Calls For A Volcanic Geothermal Bitcoin Mining Plan

[Forbes] Nayib Bukele, the President of El Salvador, instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities: I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, […]

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El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

[CNBC | Bloomberg | Getty Images] El Salvador President Nayib Bukele plans to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender.Bukele broadcast his intentions on a video at the Bitcoin 2021 conference in Miami.Bukele said the country is partnering with digital wallet company, Strike, to build […]

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Coinbase Gives Away $1.2 Million in Dogecoins

[GO Banking Rates, Getty] Coinbase, which listed Dogecoin on its platform earlier this week, announced it would be giving away $1.2 million in DOGE “to celebrate.” “Opt in and then buy or sell $100 in DOGE on Coinbase by 06/10/2021 for your chance to win,” the company said in a blog post about its “Dogecoin sweepstakes.” […]

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Bitcoin price crash leaves only one good course of action for believers: strategist

[Yahoo! Finance, Getty] After watching bitcoin prices fall through a trapdoor over the past month, the bulls invested in the space have only one good option: stay long.  “From here on out you are going to have to be a bit more discerning [in crypto], find projects that are adding value where the token-omics make sense. […]

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