Sunday, 1 August 2021

Tag Archives: cryptocurrency

Cryptocurrencies tumble amid China crackdown

REUTERS/Dado Ruvic/Illustration/File Photo TOKYO – Cryptocurrencies tumbled on Monday as China’s crackdown on bitcoin mining expanded to the province of Sichuan. Bitcoin fell to as low as $32,288 for the first time since June 8, and was last down 7.9% at around $32,781. Smaller rival ether dropped below $2,000 for ...

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Dogecoin now on Coinbase

LONDON – Dogecoin’s price dropped significantly after setting an impressive record, trading at $0.73 in early May. The cryptocurrency is currently rated the sixth-largest crypto in the world with a market capitalization of $48.7 billion, per CoinDesk. The meme crypto Dogecoin has increased in price after exchange platform Coinbase added ...

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Cryptocurrency Ethereum breaks $4,000 to hit record high

REUTERS/Dado Ruvic/Illustration/File Photo LONODON – Cryptocurrency Ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market ...

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Visa moves to allow payment settlements using cryptocurrency

LONDON – Visa Inc said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto platform Crypto.com and plans ...

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Bitcoin could surge to $300,000

LONDON – Bitcoin has hit its record price above $60,000 at the beginning of the month – now the cryptocurrency trades at around $57,000. Bitcoin’s value could surge as high as $300,000 with possible gains up to $100,000 this summer, the co-founder and former CEO of China-based crypto exchange BTCC, ...

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Bitcoin price reaches $12,000

LONDON: Bitcoin was at $11,918 on Sunday, according to Coin Market Cap data. At the Binance cryptocurrency exchange trading platform its value was increasing by 5.41 percent, up to $11,980. In the course of Sunday trading, the Bitcoin price reached the $12,000 mark for the first time since 9 August ...

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Marcus says Libra won’t be controlled by a single company

WASHINGTON: Facebook executive David Marcus tried to calm the fears of officials threatening to block its proposed digital currency, saying Libra won’t be controlled by a single company. The head of Facebook’s Libra currency project sought to address the main issue raised by France’s Economy Minister Bruno Le Maire: the ...

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Mastercard, Visa, eBay and others exit Libra Cryptocurrency Group

LONDON: A week after PayPal left Facebook’s Libra Association, Visa, Mastercard, eBay, Stripe and Mercado Pago too have all withdrawn from the project. The Libra Association is a project which Facebook plans to launch, what it envisions as a global currency. The project was launched in June with 28 members. ...

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Bakkt introduces cryptocurrency

NEW YORK: The parent company of the New York Stock Exchange (NYSE) offer investors the option to trade Bitcoin, giving the pioneer cryptocurrency further mainstream recognition. Operations will begin at the opening of the electronic financial market at 8:00 pm in New York. Brokers will then be allowed to trade ...

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Telegram To Launch Gram Cryptocurrency Within 2 Months

MOSCOW: The Telegram messaging service is planning to issue its first native cryptocurrency, dubbed Gram, within the next two months, The New York Times reported, citing investors. According to the report, the company is planning to make Gram digital wallets available to 200-300 million of messenger users worldwide. The newspaper ...

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