The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […]
Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […]
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […]
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $ 2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $ 58,000 to $ 72,000, with its mining hash …
American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $ 40,000 range, he will invest $ 5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $ 60,000 …