Page 76 - Cryptocurrency

Cryptocurrency prices tumble and exchange trading falters as snags crop up

The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender.

El Salvador becomes first nation to adopt bitcoin as legal currency

President Nayib Bukele, who pushed for adoption of the cryptocurrency, called for help from users who had already downloaded the government-backed app, to test if it was now working properly

Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi

He expressed apprehension that there is a possibility of using this virtual asset for criminal activity in absence of regulation and there are numerous instances indicating that.

Bitcoin faces biggest test as El Salvador makes it a legal tender

Both enthusiasts and detractors of crytocurrencies will be monitoring the experiment to see if a significant number of people want to transact with Bitcoin

Bitcoin brings hopes, doubts for Salvadorans in US sending money home

El Salvador is betting that this week's pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States

Binance removes Singapore products on platform after regulator's warning

Binance said it will restrict its services in Singapore days after the city state's central bank said it should stop offering payment services

Bitcoin rises back above $50,000; adds $245.24 to its previous close

The world's biggest and best-known cryptocurrency is up 81% from this year's low of $27,734 on Jan. 4

Bitcoin breaks back above $50,000 as crypto market continues to rally

The largest cryptocurrency rose as high as $50,363 on Monday, having briefly surpassed $50,000 on Aug. 23 as well -- a level it hadn't hit since mid-May

Stocks bulls slow their charge, bitcoin back above $50,000

Wall Street futures were pointing modestly higher again while expectations that global stimulus will remain abundant also helped crytocurrency bitcoin get back above $50,000

Hottest cryptocurrencies are alternatives to Bitcoin and Ether

Cardano has doubled this month, becoming the third-largest digital asset. Binance Coin is also up. A token named Avalanche has tripled in August

Most used blockchain Go Ethereum averts crisis after software flaw is fixed

About 75% of all users on the Ethereum network utilize Geth as a node to mine the blockchain's native token, Ether, and to create software that runs functions such as decentralized applications.

Cryptos: The only adult in the room

The OnlyFans saga has led to sex-workers looking at Rs currency as an alternative

Bitcoin's 60% rally from July lows may be running out of steam

The largest cryptocurrency fell as much as 4.4% Thursday to $46,588, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index.

El Salvador readies Bitcoin rollout with 200 ATMs for conversion

The government will install 200 of the teller machines to initially accompany its digital wallet called Chivo, a local slang term for 'cool,' President Nayib Bukele said on Twitter

PayPal Holdings launches crypto buying and selling in the UK

Rollout is first international expansion of company's cryptocurrencies outside the US

Bitcoin price surges past $50,000 since May; rebound loses steam

Bitcoin has risen 81% since hitting a yearly low of $27,700 in January.

Binance tightens anti-money laundering checks after regulatory pressure

The exchange, whose holding company is registered in the Cayman Islands, has scaled back its product offerings, including leveraged trading and tokens linked to equities

Vietnam, India top measure of cryptocurrency adoption by individuals

Interest in cryptocurrencies has surged since the onset of the pandemic, in part because of substantial gains by digital tokens like Bitcoin and Ether

Cardano's ADA token is now world's third-largest cryptocurrency

With the so-called ADA crypto jumping around 50% over the past week alone, optimism is rising that new technological enhancements will allow smart contracts on Cardano by its announced goal of Sept 12

Cryptocurrency broker Bitpanda raises $263 mn at $4.1-bn valuation

Bitpanda, which currently has 3 million users and presence in eight European countries, plans to aggressively expand into other countries this year.