Tag: Bitcoin

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

Earlier this month, El Salvador became the first ever country to make bitcoin legal tender, alongside the US dollar. While this may spell good news for those who trade in the cryptocurrency, is El Salvador the first of many countries to legalise bitcoin or will it be a one-off?

The World Bank has declined to help El Salvador with the integration of Bitcoin into its currency system highlighting concerns around the environment and transparency.

Switzerland-based Relai has raised CHF 2.5m ($2.7m) in its Series A round, which will help it expand in Europe.

The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.

Real-time global payments system Bottlepay has rolled out its payments app across Europe.

Bitcoin-focused financial services platform Unchained Capital has closed its Series A round on $25m.

Cryptocurrencies.AI, a crypto trading platform, has reportedly netted $8m in a funding round.

While the value of cryptocurrencies continued to grow astronomically, it came crashing down to earth after Tesla’s sudden u-turn from using bitcoin as payment. However, experts think this will hardly undermine its potential as mainstream investments and payment means.

Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.