Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.
Speaking at an event marking the end of Bitcoin Week, President Nayib Bukele said that the country plans to build the world's first "Bitcoin City," which will initially be funded through Bitcoin bonds, increasing the country's bet on the cryptocurrency.
No other topic has been ubiquitous across the globe — with the exception of coronavirus, of course, how can we forget to mention that— than cryptocurrencies. Strange that something called crypto meaning secret or concealed is the most widely discussed and analysed and dissected
Bitcoin, other cryptocurrencies and NFTS are more trusted than stocks to give investors better returns in 2022, reveals a global survey. The poll taken by almost 6,000 individuals on LinkedIn - and tracked by more than 146,600 - since the beginning
That follows what was already the worst start of the year for bitcoin in history. After hitting a record high of almost $68,000 in November, it is now worth under $36,000.
The UAE has taken a leadership role in the Middle East region with the government sector leading the charge in technology adoption.
Hayvn said in a statement that this is the first time that solutions for purchasing real estate with cryptographic marks from a major developer in the UAE have been activated.
The Dubai Criminal Court sentenced an Asian and a GCC national to three years in jail, and fined them jointly Dhs3,750,000.
Whether Bitcoin (BTC) and Ethereum (ETH) will be able to propel the cryptocurrency markets to a forecasted value of $3 trillion by 2025 is a question investors are now asking themselves, especially since the markets seem to be in "red" at the moment.