Tag Archives: cryptocurrency

Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by …

Since the Bank of England’s announcement a few weeks ago that it would be developing a digital currency quickly nicknamed “Britcoin,” central bank digital currencies, or Govcoins, as they are sometimes known, have been all the rage. Supposedly, the British government will take on responsibility for the maintenance of a …

Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world’s biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close. The cryptocurrency is up 26.4% from the year’s low of $16,496 on January 1. Ether …

The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week …

Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling. …

A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth …

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private cryptocurrencies. Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi, and Mumbai which will act as its base in …

New research by blockchain analytics firm Elliptic showed that fraud and theft at decentralized finance platforms have led to $10.5 billion in losses so far this year. According to the report, published on Thursday, cash has been pouring into the so-called DeFi platforms, reflecting the explosive interest in cryptocurrencies. DeFi …

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 …

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 …

Bitcoin extended gains on Friday, climbing over 9 percent in late morning trade to $47,800, its highest level in 12 days. The largest cryptocurrency was last up 7.9 percent at $47,263, which if maintained would be its largest one-day jump since mid-June. Smaller coins ether and XRP, which tend to …

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 …

El Salvador purchased 150 additional bitcoins on Tuesday, Salvadoran President Nayib Buekele said on Twitter, hours after the Central American nation became the world’s first to adopt the cryptocurrency as legal tender. Bukele said El Salvador was “buying the dip” after prices of the currency dropped sharply on Tuesday morning. …

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 …

The largest cryptocurrency fell as much as 4.9 percent Thursday to $46,322. Bitcoin’s burst above the $50,000 level didn’t last long, and chart patterns signal its rally since July is at risk of fading. The largest cryptocurrency fell as much as 4.9% Thursday to $46,322, with other tokens including Ether …

Bitcoin’s price surged past $50,000 on Monday for the first time since May, although its rebound from a months-long slump lost a little steam. The world’s largest cryptocurrency was last up 1.19% at $49,888. It had risen as high as $50,562 as investors bet that the prospect of more U.S. …

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 …

Argentine soccer star Lionel Messi’s transfer to French club Paris St Germain included a payment in cryptocurrency fan tokens, a source close to the matter said, providing another big name endorsement for new digital assets. Messi, 34, left Spanish side Barcelona and signed a two-year contract with Paris St Germain …

The price of Bitcoin continues to rise, hitting the highest level since mid-May at over $44,000 despite fears that the United States may pass cryptocurrency tax reporting legislation under the new Infrastructure Investment and Jobs Act. According to the Binance cryptocurrency exchange, as of 12:00 GMT on Sunday, Bitcoin traded …

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 …