The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency industry bets he’ll take action soon after returning to the White House. Once a skeptic who said a few years ago that bitcoin “seems like a scam,”Continue Reading
A new report from WithSecure Inc. details a growing network of cryptocurrency scams using thousands of YouTube videos to lure in potential victims. The thousands of videos often appear legitimate, with some receiving inauthentic engagement from hundreds of other YouTube channels within the scam network. The network is said to be managedContinue Reading
The sharpest opinions on the debate from around the web It seems the market has been hit with a bit of a cryptocurrency crisis. Crypto exchange FTX recently filed for Chapter 11 bankruptcy, a towering fall from grace for a company once valued at $32 billion. The assets of thousands ofContinue Reading
Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered digital asset service provider by the French stock market watchdog AMF, enabling it to offer trading and custody services for bitcoin and other cryptocurrencies. Binance is the largest crypto exchange globally. TheContinue Reading
The Central Bank of Nigeria has fined three Nigerian commercial banks a total of N800 million for failing to comply with regulations prohibiting consumers from transacting in cryptocurrencies. Stanbic IBTC Bank, Access Bank Plc, and United Bank for Africa are among the banks affected. According to Bloomberg, the sanctions areContinue Reading
Crypticurrencies prices fell on Tuesday as geopolitical tensions over Ukraine roiled global markets. Bitcoin was last down about 0.5% at $38,011.54. The cryptocurrency sank as low as $36,370 in early morning trade, its lowest level in more than two weeks. Cryptocurrencies across the market also pared back steeper losses from earlierContinue Reading
Its creators may have made off with as much as $3.38 million. A cryptocurrency inspired by Squid Game successfully enticed enough investors to see its value soar to over $2,800… before its creators cashed out and vanished. The cryptocurrency called $SQUID, which wasn’t officially sanctioned by Netflix, launched in late October and roseContinue Reading
SINGAPORE, Sept 27 (Reuters) – Cryptocurrencies traded firmly on Monday, having rebounded from selling driven by an intensifying crackdown on the asset class in China, as buy-the-dip speculators swooped in. Bitcoin was up about 1% in Asia trade at $43,719, having fallen to just below $41,000 in the wake ofContinue Reading
El Salvador has become the first country to accept Bitcoin as legal tender in a move that has got the nation and the world debating the opportunities and dangers of cryptocurrency. From today, businesses will be obliged where possible to accept the controversial digital coins as payment. Millions of peopleContinue Reading
I don’t want to make any strong pronouncement about Dogecoin (CCC:DOGE-USD) being dead. Usually, such declarations have a way of haunting those who make them. Plus, this is the cryptocurrency world we’re talking about. Anything can happen. Having said that, DOGE is falling hard and its downward trek represents a harbinger forContinue Reading