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Nigerian remittances fall and Bitcoin adoption rises

Nigeria has recorded a nearly 40% year-on-year drop in the use of cross-border remittances, while the use of crypto has increased. According to World Bank reports, international money transfers in Nigeria fell from $23.8 billion recorded in 2019…

https://cryptoreportage.com/bitcoin-news/nigerian-remittances-fall-and-bitcoin-adoption-rises/
Vitalik Buterin criticizes Elon Musk’s plan!

On his personal blog, Vitalik Buterin indicates why Elon Musk’s plan is fundamentally flawed. Here’s the details! Tesla founder Elon Musk believes that a 1000% increase in Dogecoin‘s block size will make DOGE the leader…

https://cryptoreportage.com/opinion/vitalik-buterin-criticizes-elon-musks-plan/
Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it

According to local news reports, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he will “allow” the trading of Bitcoin and other cryptocurrencies. In February this year, CBN Director Bello Hassan signed a letter warning monetary service…

https://cryptoreportage.com/bitcoin-news/nigerian-central-bank-does-a-u-turn-on-bitcoin-ban-saying-they-now-allow-it/
The governor of Japan’s central bank has doubts about Bitcoin

Yesterday, the governor of Japan’s central bank, Haruhiko Kuroda, expressed doubts about Bitcoin. This is reported by Bloomberg who reveals the words uttered by Kuroda: “Most of the trading is speculative and volatility is extraordinarily high. It’s barely used…

https://cryptoreportage.com/bitcoin-news/the-governor-of-japans-central-bank-has-doubts-about-bitcoin/
Joe Biden’s budget proposes new requirements for crypto reports

President Joe Biden’s 2022 budget bill contemplates several new crypto reporting requirements, according to a pair of documents released Friday. The budget released Friday, the first for the Biden administration, includes two proposals that would…

https://cryptoreportage.com/markets/joe-bidens-budget-proposes-new-requirements-for-crypto-reports/
Ripple prevented the SEC from accessing certain information about XRP

The SEC’s case against Ripple, regarding the alleged sale of XRP to the public as security, is proceeding with continued legal skirmishes. After a judge’s decision unfavourable to Ripple around ten days ago, there has now been a…

https://cryptoreportage.com/legal/ripple-prevented-the-sec-from-accessing-certain-information-about-xrp/
Where is the price of Bitcoin (BTC) headed?

Bitcoin, the most valuable cryptocurrency on the market, has hovered between $33.000 and $40.000 since mid-May. Apparently, it has been one of the worst months for the cryptocurrency. However, there are always surprises in the cryptocurrency sector. Bitcoin has already…

https://cryptoreportage.com/bitcoin-news/where-is-the-price-of-bitcoin-btc-headed/
How to mine Dogecoin (DOGE)?

How is it possible to mine Dogecoin?. Dogecoin is a minable cryptocurrency, based on Proof-of-Work, but does not use the same algorithm as Bitcoin. In fact, similar to Litecoin, it uses scrypt, which is a mining algorithm…

https://cryptoreportage.com/altcoins-news/how-to-mine-dogecoin-doge/
Bitcoin ETPs officially debut in the UK

Bitcoin ETPs are coming to the UK market. ETC Group’s BTCE Bitcoin will be listed on the Aquis Exchange, both in London and Paris. This is the first time that a Bitcoin ETP is coming to the…

https://cryptoreportage.com/bitcoin-news/bitcoin-etps-officially-debut-in-the-uk/
JP Morgan warns that Bitcoin’s crash is not over yet

Bitcoin investors are waiting for the cryptocurrency to resume its uptrend and end this lateralization. However, JP Morgan strategist and Bitcoin expert Nikolaos Panigirtzoglou believes that the decline is not over yet . “We had previously argued that the failure…

https://cryptoreportage.com/bitcoin-news/jp-morgan-warns-that-bitcoins-crash-is-not-over-yet/
Crypto Michael: “Cardano (ADA) is poised to hit $5”

Michaël van de Poppe, a crypto analyst and trader, popularly known on Twitter as Crypto Michael, has stated that he believes Cardano (ADA), the 4th largest cryptocurrency by market capitalization, has the potential to hit…

https://cryptoreportage.com/altcoins-news/crypto-michael-cardano-ada-is-poised-to-hit-5/
Coinbase syncs your cards with Apple Pay and Google Pay

Coinbase will now allow its users to pay on their mobile phones through Apple Pay and Google Pay. https://twitter.com/coinbase/status/1399721265993175040 “Starting today, you can use your Coinbase card with Apple Pay and Google Pay”. This news…

https://cryptoreportage.com/markets/coinbase-syncs-your-cards-with-apple-pay-and-google-pay/
President of El Salvador, Nayib Bukele expressed that Bitcoin will become a currency for legal use in the country

During the Bitcoin 2021 event in Miami, it was known that the president of El Salvador is working on a plan for BTC to be adopted in the country. During the weekend, we reported about…

https://cryptoreportage.com/bitcoin-news/president-of-el-salvador-nayib-bukele-expressed-that-bitcoin-will-become-a-currency-for-legal-use-in-the-country/
Bitcoin: even Paraguay could make it legal tender

Paraguay is about to make an important announcement concerning Bitcoin. This was reported by local MP Carlitos Rejala in a tweet in which he says an important project to innovate the country will begin this week, citing BTC and PayPal. https://twitter.com/carlitosrejala/status/1401712725886132224

https://cryptoreportage.com/bitcoin-news/bitcoin-even-paraguay-could-make-it-legal-tender/
Tesla will return to accepting payments in Bitcoin

Tesla will return to accepting payments in Bitcoin. This was stated by CEO Elon Musk on Twitter responding to a post. https://twitter.com/elonmusk/status/1404132183254523905 The accusation against Elon Musk is that he has manipulated the market with his constant…

https://cryptoreportage.com/bitcoin-news/tesla-will-return-to-accepting-payments-in-bitcoin/
Hustle, Hit and Win EUROMANIA – 1 BTC on The Line

For all football fans out there, we have fantastic news – UEFA Euro 2020 is back! The championship was benched for a whole year, but now it’s ready to play on the field. Just imagine…

https://cryptoreportage.com/press-release/hustle-hit-and-win-euromania-1-btc-on-the-line/
Exiting Crypto Mining Business In China Is Good For Bitcoin Hashrate Redistribution

Bitcoin has dropped 3.55% in the last 24 hours to trade at $32,800 and bringing the weekly low to 17.66% in an event directly related to the massive crackdown of bitcoin mining farms and trading in…

https://cryptoreportage.com/bitcoin-news/exiting-crypto-mining-business-in-china-is-good-for-bitcoin-hashrate-redistribution/
Bitcoin’s decline hits the Nasdaq

The debut of the Bitcoin mining company Bitfarm on the Nasdaq was not a good one. In fact, even Bitfarm was overwhelmed by the falling price of Bitcoin. The end result: a few days after its…

https://cryptoreportage.com/bitcoin-news/bitcoins-decline-hits-the-nasdaq/
ARK Investment wants to launch an ETF on bitcoin

ARK Investment, the financial company founded by Cathie Wood, has applied to the SEC to issue an ETF on bitcoin. As stated in the official document published on the SEC website, the fund will be called ARK 21Shares Bitcoin ETF,…

https://cryptoreportage.com/bitcoin-news/ark-investment-wants-to-launch-an-etf-on-bitcoin/
Banco de México reaffirms to banks the ban on operating with Bitcoin

This June 28, the Bank of Mexico (Banxico) reaffirmed to banking entities that they are prohibited from carrying out operations with virtual assets, from cryptocurrencies such as bitcoin, and even the so-called “stablecoins”. The information was shared…

https://cryptoreportage.com/bitcoin-news/banco-de-mexico-reaffirms-to-banks-the-ban-on-operating-with-bitcoin/