Bitcoin.org, the official website of the biggest cryptocurrency, is being compromised by hackers who are now running a giveaway scam.
Visitors to the website were greeted with a popup, asking them to send crypto to a Bitcoin wallet via a QR code and receive double the amount in return. By now, the scammers already received $17.000 in BTC.
Leading United States-based cryptocurrency exchange Coinbase has seen enormous demand for its junk-bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion.
According to The Economic Times, at least $7 billion worth of orders were placed in competition for equal quantities of seven- and 10-year bonds, offering interest rates of 3.375% and 3.625%, respectively.
However, the exchange’s bonds were rated one rank below investment-grade, with Bloomberg bond indexes indicating that similar debt offerings fetch a 2.86% yield on average.
Multinational financial services firm Fidelity Investments has pressed the United…
As of this week, Bitcoin is officially legal tender in the very first country in the world. Last Tuesday, September 7, the time had come: the law went into effect in El Salvador. As a result, the cryptocurrency became a “legal tender”.
The government has distributed $30 worth of bitcoin to its population in the self-developed Chivo wallet. This app has two versions: one for businesses and one for individuals. With Chivo, El Salvadorans can receive bitcoin and dollars, and choose in which currency they hold the transaction.
The country has also already purchased 550 BTC worth ~$28 million to…
In order to jumpstart the impending adoption of Bitcoin as legal tender in El Salvador, the nation’s Legislative Assembly has approved a $150 million fund to facilitate the development of crypto infrastructure including conversions from bitcoin to US dollars.
“The purpose of this law is to financially support the alternatives that the state provides, without prejudice to private initiatives, that allow the user to carry out the automatic and instantaneous convertibility of bitcoin to the United States dollar.”
Amidst the country’s preparations to fully embrace bitcoin next week, the International Monetary Fund (IMF) has once again sounded the alarm on…
PayPal users from the United Kingdom with accredited identities will start accessing cryptocurrency trading soon. However, cryptocurrency transactions for its business account are not supported yet.
Starting from this week, U.K residents will have initial access to buying, holding, and selling cryptocurrencies via PayPal. This development will make a remarkable milestone for a firm that started providing digital asset services within one year.
On Wednesday, Bitcoin (BTC) mining difficulty has just jumped once again, for the third time in a row, forming a new increase streak.
United Wholesale Mortgage (UWM), previously known as United Shore Financial, the second-largest mortgage lender in the U.S. that facilitated nearly $183 billion worth of loans in 2020, announced that it plans to start accepting cryptocurrency payments by the end of 2021.
Per Detroit Free Press’ report, the upcoming move was first revealed by the company’s CEO Mat Ishbia during an earnings call on Monday.
“We’re excited that hopefully (this year) we can actually execute on that before anyone in the country.”
UWM aims to first add support for Bitcoin, but Ethereum and other altcoins are also on the table, Ishbia…
This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey.
The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate.
In a 69–30 vote, the Senate passed HR 3684 this morning. There had been a debate (with several declined amendments) regarding the word ‘broker’, and the position of miners, software developers and node-owners in relation to the bill.
Media giant Google has lifted its ban on certain crypto-related advertisements, allowing centralized cryptocurrency exchanges and digital wallets to promote their services on its platform in the U.S.
“Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google,” according to the company’s “Update to Financial products and services policy.”
Spanish lawmakers are backing to legitimize the cryptocurrency and blockchain industry by proposing a new bill on digital transformation.
The new draft bill introduced by the Spanish political party…
Glen Oaks Escrow, one of the largest independent escrow companies in California, has facilitated its first refinancing through a Bitcoin-backed loan.
In a press release issued today, the company said this marks the first time a refinancing has been completed with a buyer using Bitcoin as collateral.
Glen Oaks began accepting Bitcoin payments in 2018, and sees the news as proof the cryptocurrency’s value proposition is becoming clearer to debtors and creditors.
Glen Oaks Chief Operating Officer Joe Curtis commented, “Seeing someone other than the home buyer use Bitcoin in a real estate transaction tells us that this technology has…
Tesla CEO Elon Musk assured cryptocurrency fans that the electric vehicle company is likely to resume accepting bitcoin as a payment method if bitcoin mining’s renewable energy usage hits 50%.
“Tesla’s mission is accelerating the advent of sustainable energy,” Musk said Wednesday during a virtual panel at The B-Word conference, an event hosted by the Crypto Council for Innovation. “We can’t be the company that does that and also not do appropriate diligence on the energy usage.”
Musk went on to say that he has seen the mining industry shift toward renewable energy and once half of bitcoin mining is…