El Salvador’s Congress approved a law on June 9 that makes Bitcoin, the world’s largest cryptocurrency, legal tender in the country. The Central American nation has become the first to recognize Bitcoin as legal cash. Its legal tender status will be established in 90 days. The move came after President Nayib Bukele announced on June…
Since last year, the popularity of cryptocurrencies has exploded in India, as more investors try their luck in the lucrative virtual coin trading market. In 2021, Indian cryptocurrency exchanges confirm that they would be adding more users to their platforms. Cryptocurrency exchanges are optimistic that the burgeoning asset class would continue to draw more investors…
XRP technical levels fade while freefalling to $0.65 beckons Ripple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June. In the last week, the overall general outlook in the market has…
It’s strange to say, but after more than a decade of existence, there’s now some agreement on what Bitcoin is. Bitcoin is compared to “digital gold” by hardcore Bitcoiners, who see it as a safe-haven asset whose primary use case is hoarding. Even those who aren’t really interested in it tend to accept the story.…
A checklist to assist you in making bitcoin investments. Today, the globe is sailing on a bitcoin ship. People are urged to invest in cryptocurrencies because there is so much going on in the world of bitcoin every day. Of course, there are controversies surrounding this excitement as well. However, investors, banks, and next-generation millennials…
The same may be said for cryptocurrencies, similar to how a car engine makes the automobile drive and other engines make the automobile more or less efficient. The consensus protocol is the engine of a cryptocurrency. The blockchain of a cryptocurrency is distributed, which means that no single body controls the network. Rather, it is…
