BITCOIN

It’s been over a year since El Salvador codified bitcoin as legal tender in the Latin American country, and by popping the ‘orange pill,’ the country was propelled into the international spotlight. At the end of September, the 41-year-old Salvadoran president Nayib Bukele penned an opinion editorial that takes aim at the detractors who think it was the wrong decision, those who think it was a good decision but for the wrong reasons, and opponents who “are afraid of our decision.” Nayib Bukele’s Opinion Editorial Tells People to ‘Stop Drinking the Elite’s Kool-Aid’ According to Salvadoran president Nayib Bukele , if the bitcoin experiment his country is participating in succeeds, a great number of other countries worldwide will follow in the Latin American country’s footsteps. Bukele said this in a recently penned opinion editorial called “ Stop Drinking the Elite’s Kool-Aid ,” which was published on September 30, 2022, in English and Spanish. In the editorial, Bukele criticized thre

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he buys bitcoin. Citing inflation, he detailed that pension funds are investing in cryptocurrency, adding that they know “fake” money, stocks, and bonds “are toast.” Robert Kiyosaki on Why He Buys Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, shared why he buys bitcoin in a couple of tweets Friday. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. In one tweet, the Rich Dad Poor Dad author detailed that he buys bitcoin because pension funds are buying the cryptocurrency. He referenced an article published by Forbes, titled “Your State Pension Is Now Gambling On Cryptocurrency,” which features a survey showing that 94% of America’s state and local government pensions are

Mt Gox creditors have been issued new information concerning their claims and it seems they now have until January 10, 2023 (Japan time) to register for a repayment method. The latest notice says that any creditors that wish to receive payment, must finish the “selection and registration” section on the system platform by the deadline. Furthermore, the crypto exchange Bitstamp has revealed it is one of the selected exchanges chosen by the court trustee Nobuaki Kobayashi. Mt Gox Creditors Have Been Given a Deadline to Register With a Selected Exchange Roughly 38 days ago, the Mt Gox trustee Nobuaki Kobayashi, from the Tokyo-based bankruptcy court system, told creditors that the rehabilitation custodian is “currently preparing to make repayments.” Interestingly, the day before the trustee’s notice, 10,001 bitcoin associated with Mt Gox moved after sitting idle since December 19, 2013. Furthermore, another 5,000 bitcoin associated with Mt Gox moved five days later , after the bitcoi

Despite seeing a 3.11% drop in value in September, bitcoin still outperformed both the S&P 500 and Nasdaq, the latest Cryptocompare report has shown. Ethereum, on the other hand, was named “the worst performer after the long-awaited Merge proved to be a ‘buy the rumour, sell the news’ event.” Increased tether and U.S. dollar trade volumes for bitcoin are said to suggest panicking investors were dumping depreciating currencies in favor of the cryptocurrency. Ethereum Sees ‘Biggest Decline’ According to the latest Cryptocompare report, bitcoin, which saw a negative return of 3.11% in September, still outperformed “both the S&P 500 and Nasdaq which saw negative returns of 9.34% and 10.5% respectively.” Only Solana — the cryptocurrency among the tracked four that saw a positive monthly return of 5.59% — and gold (2.87%) had better risk-adjusted returns than bitcoin. Ethereum, on the other hand, is identified in the report as “the worst performer [among four tracked cryptocurre

The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms Likely to Lose Tax Incentive as Norway Seeks to Save Power, Collect More Tax Norwegian authorities are on their way to scrap a tax cut that has been benefitting crypto mining businesses for years. They are proposing to get rid of the reduced electricity tax rate for data centers in the Nordic country, many of which are minting digital currencies. Power for data centers will thus be subject to the general electricity tax rate, the same that applies for other service industries, the government said in an announcement published this week. Finance Minister Trygve Slagsvold Vedum explained the reasoning behind the move: We are in a completely different situation in the power market now compared