Latest news about Bitcoin in The Nomad Today

Economy & Business

CRYPTOCURRENCY

Bitcoin hits lowest level in half a year as crypto downturn continues

The Nomad Today/dpa 1/26/22

Rising interest rates are toxic for particularly risky investments such as digital currencies because they tend to increase the attractiveness of investments perceived as safe

FILED - Illustration - A bitcoin is pictured on a table. The International Monetary Fund (IMF) has urged El Salvador to abandon Bitcoin as a means of payment. Photo: Ina Fassbender/dpa.

Economy & Business

CRYPTOCURRENCY

IMF urges El Salvador to abandon Bitcoin as a means of payment

The Nomad Today/dpa 1/26/22

About 70% of El Salvador's approximately 6 million residents have no access to traditional financial services. Many depend on remittances from relatives in the United States

Economy & Business

CRYPTOCURRENCY

Bitcoin falls below 40,000 dollars for the first time since September

The Nomad Today/dpa 1/10/22

Other important digital currencies also came under pressure

Spain

CRIME

Thieves take millions in bitcoin in attack on Tuenti founder in Madrid

The Nomad Today/dpa 11/3/21

The criminals are suspected to have come from Eastern Europe

FILED - "No to Bitcoin," reads a sticker on a street stall selling lollipops and other sweets. Many street vendors have opposed the digital currency. The Central American state is nevertheless the first country in the world to take this step. A law to this effect had been passed three months ago and will now come into force on 07.09.2021. It stipulates that every merchant who is technically capable of accepting Bitcoin as a means of payment must do so. Photo: Víctor Peña/dpa

World

CRYPTOCURRENCY

Bitcoin becomes legal tender in El Salvador

The Nomad Today/dpa 9/7/21

The law means every merchant must accept Bitcoin as a payment if they have the technical capacity to do so

Economy & Business

'ENVIRONMENTAL REASONS'

Bitcoin price plummets after Tesla stops accepting it

The Nomad Today/dpa 5/13/21

Bitcoin's annualized carbon footprint is roughly equivalent to that of Singapore and its electrical energy consumption is comparable to the power consumption of the Netherlands.