Tag Archives: cryptocurrency

Indonesia Muslim body forbids cryptocurrency trading under Islamic law

Indonesia’s top religious body has declared that Bitcoin and other cryptocurrencies are forbidden under Islamic law and should not be traded in the world’s biggest Muslim majority nation. The country’s powerful Ulema Council issued a fatwah, or religious edict, as virtual currency trading soars in Indonesia and elsewhere. Fatwas have …

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Bitcoin hits $60,000, nears all-time peak

Bitcoin topped $60,000 for the first time in six months on Friday, nearing its all-time high, as hopes grew that U.S. regulators would allow a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets. Cryptocurrency investors have been waiting for approval of …

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China turns the screws on crypto, Bitcoin stumbles

China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity and banning crypto mining nationwide, hitting bitcoin and other major coins, and pressuring crypto and blockchain-related stocks. Ten Chinese government agencies, including the central bank as well as banking, securities, and foreign exchange regulators, said …

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Bitcoin rises back above $50,000

Bitcoin rose 0.49% to $50,188.4 at 1004 GMT on Sunday, adding $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. Ether, the coin linked to the ethereum blockchain network, rose 1.16% to $3,932.07 on Sunday, adding …

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Bitcoin rises 5 percent to $49,106

Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 77.4% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on …

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Bitcoin soars as Amazon shows interest in cryptocurrency

The company is currently looking for a digital currency and blockchain product lead Bitcoin surged on Monday amid ongoing speculations that retail giant Amazon may start accepting the cryptocurrency for payments. On Sunday, the virtual currency recorded its greatest increase in over six weeks, after reports that Amazon was looking …

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Singapore, IMF, and World Bank Join Efforts to Create Central Bank Digital Currency

The rise of cryptocurrencies has prompted interest from central banks to create digital currencies. A recent survey conducted by the Bank for International Settlements revealed that almost every central bank has considered issuing a digital currency. The Monetary Authority of Singapore (MAS), the International Monetary Fund, World Bank, and other …

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