Madeira ‘embraces’ Bitcoin, and how its president met Michael Saylor

black toy car on world map paper

The tiny Portuguese archipelago of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement, made during the Bitcoin 2022 conference in Miami, has spurned confusion and misinformation. Miguel Albuquerque, the president of the Regional Government of Madeira, hopped on the stage in April to announce: “I believe in the future, and I … Read more

FTX CEO notices no future in Bitcoin payments, community blazes back

FTX CEO sees no future in Bitcoin payments, community fires back

Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community. During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s not scalable enough to accommodate millions … Read more

Bitcoin Stalls Below $30K, Polkadot Retrieves Another 7% (Weekend Watch)

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While most of the larger-cap alts are slightly in the red, DOT has jumped by 7%. Bitcoin trades close to $30,000. Bitcoin has calmed just under and around the $30,000 level after the recent massive volatility that brought the asset south by five digits. Most altcoins are also relatively stagnant daily, with a few exceptions, … Read more

Tron DAO Reserve Gains Millions in TRX, Bitcoin, and Tether to Safeguard USDD

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Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the Tron purchases, the organization has … Read more

Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

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Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hash rate tapped an all-time high on May 13, at a block height of 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in market … Read more

The meaningful shift from Bitcoin maximalism to Bitcoin realism

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There was a time when all cryptocurrencies traded versus Bitcoin (BTC). Speculators ventured into other coins when they saw guaranteeing tokenomics or good hype. Yet, Bitcoin was their negotiation coin of choice. Is this the end of Bitcoin maximalism? Most likely not. However, maybe, it’s time for a more realistic look. Points have altered. Stablecoins … Read more

Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents

Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents

Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tether wobbles as UST stays under $0.60 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it exited the range in which it had traded since the … Read more