As of September 7, 2021, El Salvador will officially recognise Bitcoin as legal currency. This is a remarkable move, and one that will likely stimulate a huge amount of economic growth as Salvadoreans leapfrog from a largely cash-based society straight to a system characterised by the frictionless, finger-snap efficiency of digital currency.
Consumers will always demand reasonable levels of privacy – something that has not always been granted to their finances. As the world attempts to rebuild economically after the COVID-19 pandemic, cryptocurrencies may offer a solution
Bitcoin mining may have created a new class of crypto millionaires, but the industry’s vast energy usage and carbon footprint is having a detrimental effect on the planet
The US state of Ohio has become the first to allow corporations to pay their taxes using cryptocurrency
Hackers stole around $60m of bitcoin, Monacoin and Bitcoin Cash from crypto exchange Zaif on September 14
A new report from the Bank of International Settlements underlines issues with bitcoin security, legitimacy and environmental impact
Korean cryptocurrency exchange Coinrail has lost 30 percent of its coins following a hack, leaving investor confidence in bitcoin, among others, shaken
While South Korea will not ban cryptocurrency trading, regulatory efforts are likely to increase following an investigation into the illegal trading of electronic coins
Bitcoin has achieved further mainstream acceptance after its debut on the Cboe Futures Exchange, but critics still believe the cryptocurrency is heading for a crash
One of China’s top three bitcoin exchanges has announced that it will stop trading amid crackdown from authorities
The value of bitcoin has surpassed $4,000 for the first time, allaying concerns over its recent schism
A new version of bitcoin, dubbed ‘bitcoin cash’, was met with a mixed reception on its first day of trading