Bitcoin, Visa, PayPal: Who Has the Fastest Network?
BTC-ECHO recently published an article comparing Bitcoin's transaction speed with that of traditional payment systems like Visa and PayPal. While PayPal can handle 193 transactions per second (TPS) and Visa boasts a staggering 76,000 TPS, Bitcoin lags significantly behind at just seven TPS. Despite this apparent shortcoming, the Bitcoin network continues to grow steadily. The article questions whether BTC can ever become a viable currency given its current limitations.
Bitcoin and El Salvador: Hope or Hubris?
An insightful piece from Capital explores El Salvador’s bold move to adopt Bitcoin as legal tender alongside the US Dollar since September 2021. President Nayib Bukele envisions grand projects like "Bitcoin City," entirely funded by cryptocurrency. However, political scientist Christian Ambrosius remains skeptical about these ambitious plans after his recent visit revealed little progress on such initiatives.
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Bitcoin Falls Below $68,000 Under Pressure from USD and Rising Yields
XTB reports that Bitcoin has dropped below $68,000 due to strengthening US Dollar and rising yields following stronger-than-expected U.S economic data. This decline comes despite Ethereum holding steady in anticipation of SEC decisions regarding Ethereum Spot ETFs proposed by VanEck.
The Bitcoin Bonanza: A Million Here, A Million There
A whimsical yet informative article from FXStreet German site, discusses predictions for Bitcoin reaching one million dollars by 2030 according to Twitter co-founder Jack Dorsey. Investment firm ARK's Cathie Wood even suggests it could soar up to 1.5 million dollars within the same timeframe.
Not Bitcoin: AI Discovers World's Best Cryptocurrency
Börse Online writes about how artificial intelligence identified Ethereum as potentially superior over other cryptocurrencies including Bitcoin based on factors like technological innovation and future growth potential.
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