Tuesday, 23 April 2019

Tag Archives: Bitcoin

Facebook bans cryptocurrency adverts

LONDON: Facebook has banned adverts for Bitcoin and other cryptocurrencies on its sites after recent criticism from users about scams and hoaxes being promoted in their newsfeed. The world’s biggest social network said such digital currencies are “frequently associated” with “deceptive promotional practices”. “Two of our core advertising principles outline ...

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Cryptocurrencies fall after hack hits Japan’s Coincheck

TOKYO: Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked. Coincheck said it was investigating “unauthorised access” of the exchange that appeared to result in a loss worth half a billion US dollars of NEM, the ...

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European stock markets join global downtrend

LONDON: Europe’s major stock markets churned lower Wednesday as investors took their cue from broadly downbeat moves on Wall Street and in Asia. Virtual currency bitcoin meanwhile dived, with some traders eyeing sub-$10,000 after what one analyst called a “cryptocalypse” that saw digital units take a hammering. London stocks “opened ...

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China Escalates Crackdown on Cryptocurrency Trading

LONDON: China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access ...

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South Korea Plans Cryptocurrency Trading Ban

SEOUL: The end is here for bitcoin in South Korea, it seems, Government of the Asian nation has officially decided to ban cryptocurrency trading. Police and tax authorities have reportedly been raiding local exchanges on alleged tax evasion charges. The news dropped the price of bitcoin overnight, as South Korea ...

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Bitcoin Faces Bear Move as Price Drops Toward $15K

HONG KONG: Bitcoin is looking weak today after prices failed to hold above $17,000 levels at the weekend. Coindesk’s Bitcoin Price Index (BPI) fell to a low of $15,253 earlier today and was last seen trading at $15,345 levels. According to data source OnChainFX, bitcoin (BTC) has depreciated by 8.86 ...

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Criminal underworld is dropping bitcoin for other cryptocurrency

JOHANNESBURG: Bitcoin is losing its lustre with some of its earliest and most avid fans – criminals – giving rise to a new breed of virtual currency. The value of certain privacy-focused digital currency like monero, designed to avoid tracking, have climbed faster over the past two months as law ...

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Bitcoin exchange chief executive kidnapped

KIEV: The chief executive of Exmo Bitcoin exchange has been kidnapped in Ukraine. According to Russian and Ukranian media reports Pavel Lerner, 40, was kidnapped while leaving his office in Kiev’s Obolon district on 26 December. The reports said he was dragged into a black Mercedes-Benz by men wearing balaclavas. ...

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Israel Could Issue World’s First State-Backed Cryptocurrency

WEST BANK: The Bank of Israel and the country’s Finance Ministry are rumored to be weighing the possibility of issuing a state-backed cryptocurrency, according to an anonymous source with the ministry. While the central bank has been considering the plan for several months, the Knesset, Israel’s single-chamber parliament, would have ...

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