Break-Even Point for Bitcoin Mining Is $8,600, Says Morgan Stanley
May05

Break-Even Point for Bitcoin Mining Is $8,600, Says Morgan Stanley

Analysts at Morgan Stanley have warned that Bitcoin might lose its profitability completely if the digital currency doesn’t recover back to $8,600. Bitcoin has been struggling to climb back up after dropping from a record high of $19,000 in December last year. Analyst Charlie Chan and his team from Morgan Stanley estimate the break-even point should hit at least $8,600 if there’s to be any profit for miners of the cryptocurrency. This...

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Bitcoin Will Become the Single Global Currency, Twitter CEO Says
Apr03

Bitcoin Will Become the Single Global Currency, Twitter CEO Says

Just when many experts were making doomsday predictions, here comes a ray of hope for those who have invested heavily in Bitcoin. Jack Dorsey, the CEO of Twitter, has stated that in his opinion, Bitcoin has a very bright future. In fact, he believes the digital currency could emerge as the single dominant cryptocurrency with global linkages and acceptance all over. He has, however, added that it may not happen immediately or in the...

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ATO Warns Tax Scammers Demanding Bitcoin Payments
Mar29

ATO Warns Tax Scammers Demanding Bitcoin Payments

Scammers have in recent times tweaked their tactics and are now more ruthless than ever before. From the Twitter scam in which they impersonated Elon Musk, to their recent events where they call Australian citizens disguised as tax authority personnel, scammers are testing each avenue to deceive unsuspecting individuals. In the midst of the escalating scam cases, the ATO (Australian Taxation Office) has come out to issue a public...

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Bitcoin is Making its Way Into Real Estate
Oct24

Bitcoin is Making its Way Into Real Estate

Over the last few years, Bitcoin has established itself as a major global financial player with as much influence as any fiat currency. As a result, several industries including the retail and restaurant sectors have felt both gains and upheavals in regard to developments in digital currencies. Many speculators posited that the U.S. real estate industry would gradually incorporate virtual currencies. As expected, players in the sector...

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Burger King to Accept Bitcoin Payment in Russia
Jul12

Burger King to Accept Bitcoin Payment in Russia

According to a report published by Uznay Vse, a regional news outlet in Russia, one Burger King outlet has started to test Bitcoin payments for its fast food. The usage of the decentralized currency is a bold and courageous move that might change the perception of Bitcoin all over the world. While only one restaurant will be testing out this method for now, similar Bitcoin payment options will become available for multiple restaurants...

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