Page 85 - Cryptocurrency

What Beijing's new crackdown means for cryptocurrencies in China

Many of the new rules expand on previous restrictions aimed at cryptocurrencies and close loopholes that had allowed some finance and payment firms to continue in the trade

Bitcoin slides below $40,000 on China crypto restrictions, ether tumbles

Bitcoin's volatile week-long slide saw it tumble to below $40,000 mark as news of further restrictions on cryptocurrency transactions in China added to earlier concerns sparked by Elon Musk's tweets

Asian shares slip, bitcoin extend losses as inflation worries linger

Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions

US stocks fall with tech shares; dollar touches lowest since late February

Wall Street stocks fell on Tuesday, with technology shares turning lower in late New York trading, while the US dollar touched its lowest level since late February

Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets

The value of a crypto depends solely on the equation between supply and demand, and demand is driven solely by sentiment

Musk loses world's second-richest ranking to LVMH's Arnault as Tesla dips

Tesla Inc chief Elon Musk lost his spot to LVMH Chairman Bernard Arnault as electric vehicle-maker's shares fell 2.2%. Musk now has a fortune of $160.6 billion, down 24% from its January high.

Bitcoin is the most crowded trade globally, says BofA Fund Manager Survey

Inflation is now counted as the biggest risk for markets with 35 per cent of FMS investors agreeing to this, followed by taper tantrum (27 per cent) and asset bubble (15 per cent)

Buyers beware as 'altcoin' frenzy bruises bitcoin's market share

Dogecoin last week jumped about 25% after Musk said he was working with its developers to boost its efficiency.

Scammers impersonating Elon Musk steal more than $2 mn in cryptocurrency

Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk, according to the Federal Trade Commission (FTC)

Elon Musk fuels Bitcoin volatility by saying Tesla hasn't sold stake

The drama started on Sunday after Musk sent a tweet that raised questions about whether Tesla might have already sold its stake

Digital cash could make inflation worse if central banks aren't cautious

Central banks in China and Sweden have fairly advanced plans to introduce currencies in electronic form for retail use.

Hackers stealing money via 167 fake trading, crypto apps on Android, iOS

Researchers have identified 167 counterfeit Android and iOS apps being used by hackers to steal money from people who believe they have installed a financial trading, banking or cryptocurrency app

Bitcoin hits three-month low as Elon Musk drives investors to exit

Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin

Crypto exchanges draw attention of regulators over brand promotions

According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government

Dramatic re-rating of the US at expense of other markets: Cameron Brandt

The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt

Colonial Pipeline paid hackers $5 million in ransom, says official

The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack

Dogecoin surges on Elon Musk tweet as crypto rollercoaster continues

Bitcoin fluctuated on Friday, and was trading at around $50,500 as of 6 am in New York

How to use 50 trillion Shiba Inu in Covid-hit, crypto-wary India

Prices of Shiba Inu have recovered about 25% in the past 24 hours, according to CoinGecko.com.

How murky legal rules allow Tesla's Elon Musk to keep moving markets

While consumer advocates said Musk was hurting investors and making a mockery of the public markets, it was unclear that he was breaking any rules simply by wielding his influence

World stocks mixed after Wall Street rebound led by tech, financial firms

World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street.