The largest cryptocurrency gained as much as 10 per cent to $47,234 early in New York trading
Bitcoin and its kin have in the last year soared in price and popularity
BitPay already processes more than 60,000 transactions a month, more than half of them in Bitcoin
The moves follow recent efforts at curtailing financial risks that include dampening commodity price rises, banning cryptocurrency transactions and restricting property speculation
The spread on the interest El Salvador pays on its national debt over US treasury rates has widened
Bitcoin rallied close to $44,000 Monday
Bitcoin rallied to about $44,000 as of 1:35 p.m. in Hong Kong
Shares in a range of Chinese crypto-related firms plunged on the ban
SHANGHAI (Reuters) - Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing last Friday issued a blanket ban on all crypto trading and mining.
Firms aim to bring advanced fission to energy-intensive process of minting new coins, diversify energy sources used by miners
Chinese cryptocurrency exchange Huobi Global said it had stopped taking new mainland customers from Friday and would end contracts with mainland clients by the end of year
China's latest pronouncement is the culmination of years of attempted crackdown on the rise of Bitcoin and its peers
Twitter users globally on iOS devices can now send and receive digital payments, which was previously limited to a small group of testers.
Smaller rival ether, the coin linked to the Ethereum blockchain, rose 1% to $3,012 after falling below $3,000 for the first time since early August.
(Reuters) - Cryptocurrency prices bounced off 1-1/2 month lows on Tuesday as a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly, but investors braced for more volatility.
LONDON (Reuters) - Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain's Gerard Pique also investing, the company said on Tuesday.
Bitcoin mining generates as much as 30.7 metric kilotonnes of e-waste every year as of May 2021 which is comparable to small IT equipment waste produced by countries like the Netherlands
Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million
Bitcoin dropped 5.4% to $45,025 as of 9:49 a.m. in London, reaching the lowest level in a week