Bitcoin News: Google Headlines
Bitcoin Surges Past $45,000 as Institutional Investors Buy In
* Google Finance reported a significant increase in bitcoin’s value, reaching over $45,000 on January 10, 2023.
* The rise is attributed to increased interest from institutional investors, who are purchasing large amounts of the cryptocurrency.
* Analysts believe that this trend may continue, leading to further growth in bitcoin’s price.
Google Suspends Cryptocurrency Advertising
* Google announced a new policy prohibiting cryptocurrency-related advertising on its platform.
* The move came after concerns about potential scams and fraudulent behavior in the crypto market.
* The ban includes all forms of crypto advertising, including initial coin offerings, exchange promotions, and mining hardware sales.
Bitcoin Mining Difficulty Adjusts, Easing Pressure on Miners
* Google Finance reported that the Bitcoin mining difficulty has decreased by approximately 4%, providing relief to miners.
* The adjustment occurs approximately every two weeks and is based on the hashrate of the network.
* A lower difficulty level makes it easier for miners to find blocks and earn rewards.
El Salvador to Issue Bitcoin Bonds Worth $1 Billion
* Google News reported that El Salvador plans to issue $1 billion worth of bitcoin bonds in 2023.
* The proceeds from the bonds will be used to fund infrastructure projects and promote bitcoin adoption in the country.
* The bonds will be denominated in both bitcoin and US dollars.
Crypto Exchange FTX Resumes Withdrawals for Some Customers
* Google Finance confirmed that the bankrupt crypto exchange FTX has resumed withdrawals for a limited number of customers.
* The move comes after the exchange received approval from the US Bankruptcy Court.
* However, most FTX customers are still unable to access their funds.
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