Central African Republic adds bitcoin as legal currency: AFP

The landlocked African nation joins El Salvador as the second country to adopt bitcoin as a legal currency. The post Central African Republic adds bitcoin as legal currency: AFP appeared first on The Block.

Timeline of Bitcoin

Around USD 70bn is traded in the bitcoin (BTC) market every day, meaning that the market is too large for any single actor to manipulate, crypto hedge fund Pantera Capital's CEO Dan Morehead said, explaining his firm's strategy of focusing on altcoin investing.

Bitcoin price again dropped off $39,000 a couple of times when it attempted a ‘V-shaped' recovery from the recent losses. The bulls here are not attempting to push the price beyond $40,000 nor allowing it to drop below $38,500 for a long time. And hence it can be speculated that the BTC price may eventually …

The two New York-based companies previously worked together to launch Foundry's staking business. The post Bitcoin miner Foundry acquires web3 firm Upstate Interactive appeared first on The Block.

Fort Worth, Texas, has become the first US city to mine Bitcoin after three mining machines were donated to the city by the Texas Blockchain Council.  Fort Worth Starts BTC Mining The Bitcoin mining program was unanimously approved by the city councilors of Fort Worth on Tuesday.

With Bitcoin trading at $38,487.33 at press time, you'd think that investors would be sick of the king coin's seeming refusal to climb above the $40k mark – and stay there. However, a look at the data suggests this might not be the case.

Bitcoin price formed a base above the USD 38,000 level and recovered above the USD 38,700 level. It is currently (12:03 PM UTC) trading around USD 39,000 and is facing a strong resistance near USD 39,200. BTC is down almost 4% in a day and 6% in a week.

For the second quarter of 2012, the Human Rights Foundation's Bitcoin Development Fund distributed 500 million satoshis in grants. The receiving projects came from “Cuba, Turkey, Pakistan, Ghana, Venezuela, Burma, and beyond,” according to Chief Strategy Officer Alex Gladstein.

Bitcoin mining difficulty is expected to jump 4.51% to hit a record high of 29.50 T in the next few hours as adoption increases. The current difficulty on the entire Bitcoin network is 28.23 T and the hashrate is 219.65 EH/s.

A new report says that asset management giant Fidelity Investments will allow participants of its company-sponsored retirement accounts to put a portion of their savings into Bitcoin (BTC). According to the New York Times, Fidelity plans to launch digital asset accounts, enabling holders of 401 (k) plans to invest in the flagship cryptocurrency if their The post $4,200,000,000,000 Asset Management Giant Set To Offer Bitcoin 401 (k) Plans This Year: Report appeared first on The Daily Hodl.

As the Cryptocurrency market continues with its volatility, investors move cautiously with their investment decisions. Today, Bitcoin has sunk below its key support level of $40,000 mark. This downfall has impacted the whole Cryptocurrency space. This price action has resulted in the global cryptocurrency market cap plunging by 3.41% over the last 24hrs positioned at …