A major Australian Bitcoin mining firm does not appear concerned about profitability of its operation despite the current bear market. According to a report by The Sydney Morning Herald on May 12, Daniel Roberts, co-founder and CEO of Australian-founded sustainable Bitcoin mining company Iris Energy remains unmoved by the rapid changing $BTC price. Roberts, based out of Sydney, told the […]

President Nayib Bukele has announced that El Salvador will be hosting 44 countries “to discuss financial inclusion, digital economy, banking the unbanked, El Salvador’s Bitcoin rollout and its benefits” in the country. “Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and […]

#Bitcoin City at night. pic.twitter.com/n6RXn9BkU0 — Nayib Bukele (@nayibbukele) May 10, 2022 [Feature image courtesy of President Nayib Bukele on Twitter] Source: Read Full Article

Dubai-headquartered Emirates, which is one of the two flag carries of the United Arab Emirates (UAE), is reportedly planning to embrace Bitcoin, NFTs, and the metaverse. According to a report published by Arab News on Wednesday (May 11), Emirates COO Adel Ahmed Al-Redha said at this year’s Arabian Travel Market (ATM) event in Dubai that his company will “hire new […]

Brazil’s largest digital bank Nubank, which has been backed by Berkshire Hathaway CEO Warren Buffett, has announced it’s investing 1% of its assets into bitcoin ($BTC) and adding buying and selling options for its users. According to an announcement published by the firm, 1% of its equity will be allocated to bitcoin through its parent company Nu Holdings, which is […]

Bitcoin’s woes look set to continue after the price of the crypto asset further plummeted yesterday, trading at $27,194.41 at one point. The recent development saw the price of Bitcoin hit its lowest in 16 months. The massive sell-off, according to experts, is a result of several factors including the looming regulations from the Fed and the much-talked-about UST depegging. […]

Shares of food and beverages company SunOpta Inc. (STKL) are rising more than 24% Thursday morning after reporting better-than-expected first-quarter earnings. The company’s CEO said major expansion plans for the company are on track. Commenting on quarterly results Joe Ennen, Chief Executive Officer said, “While margins were below our year-earlier levels, we made significant progress from the fourth quarter of […]

A sea of red descended on markets worldwide amidst a less than expected fall in the inflation in the U.S and a less than expected GDP reading from the U.K. Asian markets closed with losses. European markets are trading in deep negative territory. Wall Street futures are also trading in the red zone. The Dollar Index rose to a fresh […]

On Monday, May 9, BTC reached its lowest level since the summer of 2021. The price of the top cryptocurrency fell below $31,600. According to CoinGecko, BTC has fallen 7.6% in the past 24 hours and 17.8% over the week. All of the top 10 crypto-assets by market cap are in the red zone, following the leader. Ethereum is trading […]