Thursday, 4 March 2021

Tag Archives: Bitcoin

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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Morgan Stanley says the true price of bitcoin might be zero

Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be … $0. That’s zero dollars. (Bitcoin stood at around $14,400 at the time of writing.) The paper (titled “Bitcoin decrypted”) did not give ...

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Investor bets $1M on Bitcoin reaching $50K within 12 months

LONDON: An investor has put his 1 million dollars on a bet that Bitcoin will reach 50,000 dollars by the end of 2018. The investor, most probably an institutional investor, placed the bet on LedgerX, an online market of Bitcoin derivatives. The first of its kind trade was confirmed last ...

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Bitcoin Lost Almost $8K in Value in the Last 24 Hours

If you’re Bitcoin-rich and sitting on enormous, life-changing gains, here’s a tip from the pros: Sell loudly, publicly and theatrically. You just might avoid charges of epic hypocrisy. In recent days, members of the cryptocurrency old guard have announced they’re bailing out. Some, like Emil Oldenburg, claim to be switching ...

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