Cryptocurrency

Investors Search for New Cryptos

247
Cryptocurrency
08.02.2022

Despite Bitcoin’s price swings in the last few months, many investors remain undeterred and are looking for new cryptocurrencies in which to invest. Bitcoin has clawed back about 16% of value over the past two weeks to sit above $41,000. Som...

Bitcoin Slumps Again

261
Cryptocurrency
25.01.2022

The price of Bitcoin fell to below $33,500 in Monday’s trading as cryptocurrencies continued to take a hammering. Crypto has kept falling in tandem with US stocks since the turn of the year, albeit to varying degrees, as investors weigh up t...

Russia Proposes Ban on Crypto

276
Cryptocurrency
21.01.2022

Russia's central bank has proposed a ban on the use and mining of cryptocurrencies on its soil. Citing the speculative demand that drives much of crypto’s gains as a dangerous threat, the central bank wants to crack down on almost all crypt...

Recovery of Crypto Miners Makes Industry More Secure In 2022

307
Cryptocurrency
03.01.2022

In May 2021, China started cracking down on crypto mining to protect its power supply and use it for manufacturing. By mid-2021, Bitcoin’s hashrate, which measures the total computational power contributing to the blockchain network, fell mo...

Binance Gives Up On Setting Up In Singapore

349
Cryptocurrency
13.12.2021

Binance, the world’s largest cryptocurrency exchange, has ended its year-long attempt to set up a bourse in Singapore.  The Singapore arm of Binance, set up as a fiat-to-crypto trading platform, will wind down operations and close by Fe...

Stablecoins Face Up To Scrutiny from US Congress

342
Cryptocurrency
10.12.2021

The CEOs of six major cryptocurrency companies appeared at a hearing before the House Financial Services Committee in the US Congress this week.  Crypto chiefs from FTX, Bitfury, Coinbase and others gave testimony to members of Congress durin...

Bitmart Crypto Exchange Loses $150m to Hackers

351
Cryptocurrency
07.12.2021

Cayman Islands headquartered crypto exchange Bitmart confirmed overnight that hackers stole at least $150 million from its platform. In a memo to customers, the crypto exchange said that assets were taken from two “hot wallets,” one ho...

Bitcoin Price Plunges after Big Weekend Selloff

349
Cryptocurrency
06.12.2021

Bitcoin plummeted to a low of about $43,000 over the weekend. As recently as October, the world’s biggest cryptocurrency was trading at almost $69,000, with some analysts hoping it could breach $100,000 in the near future. This weekend&rsquo...

Bitcoin Takes a Hit as China Cracks Down on Crypto Mining

376
Cryptocurrency
17.11.2021

Authorities in China took a fresh swipe at crypto mining by calling the practice “extremely harmful.” Citing crypto mining as a threat to the country’s efforts to reduce carbon emissions, authorities have voiced concerns at the amou...

The Reasons Why Warren Buffett Views Cryptocurrencies as Poison

396
Cryptocurrency
08.11.2021

As cryptocurrencies continue to rise in value and popularity, with Bitcoin breaking the $66,000 mark on Wednesday, there is growing dislike of these currencies in the US and internationally. Indeed, no one detests cryptocurrencies like Warren Buffett...