Bitcoin

Cryptocurrencies have become increasingly popular around the world in recent years, and in Bulgaria, it turns out, there is already a store where you can shop for basic necessities and pay with bitcoins.

Cryptocurrencies collapsed by more than 15%. Bitcoin fell below ,000 and reached its lowest level in six months. In addition, the decline is expected to continue. What is ahead in the world of cryptocurrencies - the Bulgarian National Television (BNT) asked Vladislav Dramaliev from the Bithope Foundation.

The US dollar strengthened slightly against major currencies today as the Euro fell in Asian trade as stock markets were nervous of tensions in Ukraine and a possible more aggressive rise in the Federal Reserve's (Fed) reference rate this week.

A top EU financial regulator has renewed calls for a bloc-wide "ban" on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to crypto mining.

The information denied 5 years ago by Ivan Geshev - then only the head of the special prosecutor's office, that Bulgaria "arrested" over 200,000 bitcoins in 2017, appeared in the latest report of one of the largest cryptocurrencies in the world - Kraken.

One thing to know before purchasing Bitcoin is that values can fluctuate drastically. Hype, speculation, and celebrity whims are some of the things that drive this fluctuation. While some people have made significant returns from their Bitcoin investments, others have lost big time. However, this shouldn't hinder you from venturing into crypto investment.

While there's a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese.

JPMorgan's CEO Jamie Dimon blasted crypto and bitcoin yet again. The JPMorgan executive argued about the real value of cryptocurrencies and his take on the cryptocurrency world in an interview. Dimon stated that the latest bull market in cryptocurrencies was created by a lot of liquidity in the system, which then leads to speculation. Dimon declared:

Bitcoin mining produces electronic waste (e-waste) annually comparable to the small IT equipment waste of a place like the Netherlands, research shows.

Miners of the cryptocurrency each year produce 30,700 tonnes of e-waste, Alex de Vries and Christian Stoll estimate.

That averages 9.5oz (272g) per transaction, they say. By comparison, an iPhone 13 weighs 6oz.

Hungarian bitcoin enthusiasts unveiled a statue in Budapest which they say is the first in the world to honor Satoshi Nakamoto, the enigmatic inventor of the virtual currency. 

The bronze bust is of a hooded figure, in an allusion to the fact that the true identity of Nakamoto, a pseudonym, is unknown.