May 2022 / 130 posts found
Bitcoin Taps $39K, NEAR Protocol Soars 12% (Market Watch)
After marking the multi-week low yesterday, bitcoin reacted well and spiked by almost $2,000 in the following hours. Most altcoins are also slightly in the green following the recent corrections. NEAR Protocol leads the way with a double-digit daily increase. Bitcoin Taps $39K After failing at $41,000 last week, bitcoin started its rapid descent and found itself trading below $38,000 just a day later. The bulls stepped up at this point and pushed the asset north. As a result, bitcoin was above $40,000 shortly after, but, as it happened the last time, it didn’t stay there for long. Just the […]
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The Complete Guide to Crypto, Bitcoin, ApeCoin and Blockchain Technology
Cryptocurrency Opinions expressed by Entrepreneur contributors are their own. Cryptocurrency What is cryptocurrency? Cryptocurrency is a digital currency that is not controlled by any government or institution. Cryptocurrencies are not printed and are instead created using computing power. Cryptocurrency is created through a process called mining. Mining involves solving complicated math problems with the use of computer processing power. The miner who solves the problem gets rewarded in crypto coins, which they can then spend on goods or services online. Cryptography is the art of writing in secret code. It’s been around for centuries and has been used to protect […]
Bitcoin becomes the official currency in the Central African Republic
The Central African Republic has overtaken regional cryptocurrency front-runners such as Kenya and Nigeria to become the continent’s first nation to officially adopt bitcoin as legal tender. El Salvador is the only other country that officially uses bitcoin as legal tender in the world. Uptake of the currency since its introduction in the country in September 2021 has been modest. The CAR parliament unanimously passed a law in favor of the adoption of bitcoin, driven by the need to solve currency and exchange rate challenges. The BBC quoted Yann Daworo, an economist in the CAR capital Bangui saying, “Businessmen will no longer […]
