Bitcoin

As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments
18 Dec

As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments

Wontumi10 CommentsBusiness
As Bitcoin's value surges, luxury brands and retailers are increasingly exploring cryptocurrency payments to tap into the growing wealth of crypto investors. French department store Printemps recently became the first European store to accept Bitcoin and Ethereum, in partnership with Binance. Other brands, such as S.T. Dupont and Virgin Voyages, are also moving towards crypto payments. Despite concerns about Bitcoin's volatility and limited real-world use, luxury brands see crypto payments as a way to cater to tech-savvy, younger consumers. Gucci and Balenciaga have embraced cryptocurrencies, with Gucci accepting them for purchases in the U.S. since 2022. While the move is…
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Dollar and Bitcoin Soar As Trump Wins Presidency
06 Nov

Dollar and Bitcoin Soar As Trump Wins Presidency

Wontumi1Business, , ,
The US dollar has surged as Donald Trump is now projected to have won the presidency and will re-enter the White House. Bitcoin has also hit a record high while traders bet on potential tax cuts, increased tariffs, and rising inflation under Trump's second term. This election result will have a major impact on the global economy. The Republican Party is also set to take control of the Senate, although there are still votes left to count. The dollar has soared by about 1.4% against a host of different currencies, including the pound, euro and the Japanese yen. In Japan,…
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Man Denies Being Mysterious Inventor Of Bitcoin
10 Oct

Man Denies Being Mysterious Inventor Of Bitcoin

Wontumi1Business, ,
A new documentary claims to have solved the greatest mystery in cryptocurrency: the true identity of the inventor of Bitcoin. The question has captivated the internet since the digital currency was launched by an unknown person or persons calling themselves Satoshi Nakamoto in 2009. Now, the makers of an HBO film say they finally have the answer: Canadian crypto expert Peter Todd. But Mr Todd has dismissed it as “ludicrous” and criticized the documentary. In Money Electric: The Bitcoin Mystery, Peter Todd is confronted by film-maker Cullen Hoback. Mr Hoback shows him his evidence and asks him if he was…
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Bitcoin Surges To $60,000, Approaching Record Highs
28 Feb

Bitcoin Surges To $60,000, Approaching Record Highs

Wontumi1Business,
Bitcoin has reached $60,000 for the first time since November 2021, edging close to a new record high for the cryptocurrency. The price of one Bitcoin rose to $60,519 on Wednesday afternoon, following several days of significant increases. This surge brings Bitcoin within reach of its all-time high of $67,077, recorded on November 9, 2021, when many individuals turned to digital assets during the pandemic. After experiencing a sharp decline in late 2022, Bitcoin has seen a resurgence, largely attributed to new products in the US that allow people to monitor Bitcoin's value without directly owning it, known as exchange-traded…
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