Tag Archives: Bitcoin

Bitcoin tumbled Monday to an 18-month low under $23,000 in a broad cryptocurrency crash, as investors shunned risky assets in the face of a vicious global markets selloff, just seven months after the virtual unit surged to a record high. The world’s most popular crypto asset also took a heavy …

Bitcoin update 16th Oct 2021: Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will greenlight the first US futures exchange-traded fund for the cryptocurrency. The digital currency was up more than 40 percent from a month ago, reaching $62,253 at 2050 …

Bitcoin rose back above $50,000 on Monday for the first time in three months after supportive news from payments giant PayPal and cryptocurrency platform Coinbase. The world’s most popular virtual unit jumped to $50,440 during Asian trade, before easing to $50,350 in early morning London deals. “Bitcoin continues its recent …

Bitcoin rates update 22nd June 2021: Bitcoin fell underneath $30,000 on Tuesday for the first time in five months, hit by concerns over China’s ongoing crackdown on the world’s most popular cryptocurrency. At about 1230 GMT, bitcoin sank as low as $29,334, a level last seen in January, with analysts …

Bitcoin tumbled more than 10 per cent Monday after China broadened a crackdown on its massive cryptocurrency mining industry with a ban on mines in a key southwestern province. Chinese mines power nearly 80 percent of the global trade in cryptocurrencies despite a domestic trading ban since 2017, but in …

Elon Musk, CEO of electric vehicle maker Tesla, said on Sunday that the US company will accept bitcoin payments again when the virtual currency is greener. The American manufacturer caused a sensation in February when it announced that customers could pay in cryptocurrency, an option that became possible at the …

Regulators have repeatedly criticized the growth of cryptocurrencies such as bitcoin because of their popularity with criminals but the technology’s transparent transactions can also work against law breakers. The lesson is one that has been learnt by cybercriminal hackers Darkside the hard way after the organization extracted a $4.4 million …

Bitcoin plunged below $39,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them, despite the country powering most of the world’s mining. The comments sent the unit diving more than 10 …

The arrival Wednesday of cryptocurrency exchange Coinbase on Nasdaq is one of the most anticipated events of the year on Wall Street, where enthusiasm for record-breaking bitcoin is in full swing, despite questions about the sustainability of the market. The first company devoted entirely to cryptocurrency to enter the US …

Any digital currency whose creation and management relies on advanced techniques of cryptography, is commonly referred as cryptocurrency. The world saw cryptocurrency turning into a (virtual) reality from an academic concept back in 2009, when Bitcoin, the world’s first modern cryptocurrency, was launched. Despite facing some strong opposition and a …