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Bitcoin is for barter, not currency: Mexico central bank chief

Bitcoin is akin to barter trade and is unfit for use as a currency, the head of the Mexican central bank has said, noting that digital currencies lack the values that all currencies must possess and are more similar to precious metals than they are to currencies. Bitcoin is not evolved money as its proponents…

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Bitcoin Fixes The Modern Fiat Ponzi Scheme

After a couple of years of studying Bitcoin and the U.S. dollar that I was raised to trust like it was some faceless god, I eventually started valuing everything in Bitcoin’s satoshis instead of the U.S. dollar.The biggest reason wasn’t because of Bitcoin either. It was the U.S. dollar’s system that did it to me.…

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Report: Bitcoin Adoption In Africa Grows 1,200% In One Year

The continent is the third-fastest growing bitcoin economy globally, powered by retail users seeking to save and transfer money.Bitcoin adoption in Africa has skyrocketed over the past year, growing over 1,200%, according to a report by Chainalysis. The increased activity in the region has been fueled by retail investors, who resort to bitcoin every day…

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Bitcoin, Ethereum Primed For Increased Volatility

Bitcoin and Ethereum look primed for volatility after prolonged consolidation. Key Takeaways Bitcoin and Ethereum are consolidating before their next significant price move. Clear support and resistance levels have been identified to anticipate a breakout. Due to the ambiguity in the market, patience is crucial for investors. The top two cryptocurrencies by market cap, Bitcoin…

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Microstrategy Adds to Bitcoin Stash, Now Holds $5.1B

Between July and September, MicroStrategy has added 8,957 Bitcoin to its holdings. MicroStrategy has purchased another 5,050 Bitcoin, bringing its total holdings to 114,042 BTC.  MicroStrategy Increases BTC Holdings  MicroStrategy has added a further 5,050 bitcoin to its holdings. The U.S. business analytics firm announced it had added a further 5,050 Bitcoin to its balance…

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Bitcoin [BTC] locked in Lightning Network hits ATH at 2.44k BTC

You are here: Home / News / Bitcoin News / Bitcoin [BTC] locked in Lightning Network hits ATH at 2.44k BTC September 12, 2021 by Lipika Deka Bitcoin, the dominant cryptocurrency in the cryptocurrency space, has its own ups and downs. Many proposals were made to address some of the issues. Among them was the…

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Bitcoin: The deficient market hypothesis

BTC has a market capitalization of close to $1 trillion, whereas BSV is around $3 billion, or 0.3%. Many people ask why is BSV so cheap compared to BTC? Such questions are at the heart of the Efficient Market Hypothesis (EMH), a cornerstone of modern finance theory. Eugene Fama won the Nobel Prize for his…

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Bitcoin is having a bumpy rollout as an official currency in El Salvador

El Salvador broke ground on Tuesday when it announced that it would become the first country to adopt bitcoin as legal tender, reported Reuters.  Local businesses will now accept bitcoin along with the US dollar, which has been the country’s official currency since 2001. Many places of business will brandish a sign with a QR…

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UPI News Quiz: bitcoin, Robert E. Lee, Texas voting restrictions

Advertisement Read More UPI News Quiz: NASA habitat, abortion ban, ‘Q-Force’ UPI News Quiz: OnlyFans, NRA, Herschel Walker UPI News Quiz: Vaccine mandate, cell hack, space lawsuit, Jupiter, Tebow Latest Headlines U.S. News // 1 hour ago NYC, Pentagon, Flight 93 memorials to observe 20th anniversary of 9/11 Sept. 10 (UPI) — Cities across the…

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El Salvador’s bitcoin adoption day turned into a crash course in crypto volatility

El Salvador became the world’s first country to adopt bitcoin as legal tender today (Sept. 7).“B-day,” as locals have dubbed it, ushers in a new era in which residents of the country can buy breakfast or pay their taxes in bitcoin: All businesses and banks must now accept bitcoin in addition to the US dollar,…