Bitcoin
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Bitcoin posted its longest losing streak in the period since Donald Trump’s US election victory, after a failed run at $100,000 cooled the speculative fervor sparked by the president-elect’s embrace of crypto. The four straight days of declines have lopped about 9% off the digital asset, which traded at $91,100 as of 3:23 p.m. Tuesday…
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Inheritance tax receipts surged to a record high last year due to the government freezing the threshold at which you start to pay. Official figures show the government received £7.5bn in inheritance tax (IHT) receipts in the financial year to the end of March – an increase of £400m on the same period the previous…
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Bitcoin has suffered a sharp pullback from record highs. The world’s biggest cryptocurrency fell to $66,885 in the early hours of Friday – down 9%. Only yesterday, the digital asset had been touching an unprecedented price of $74,000. It is difficult to pinpoint a single reason for Bitcoin’s sudden contraction, as several are at play. For one, many crypto…
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Diamond hands is a slang term for an investor who refrains from selling an investment (such as stock shares) despite downturns or losses. It can also refer to such an investor’s resolve or stubbornness. The term is often used positively to refer to an investor who doesn’t panic when their investment decreases or fluctuates in value—one who is resolute…
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Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know. Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always…
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Finland will donate “tens of millions” of euros earned through selling confiscated Bitcoin to Ukraine, the country’s finance minister announced on Wednesday. Finland currently holds 1,981 Bitcoin worth nearly €75 million at current rates, which were seized by Customs officials during criminal investigations. “The government will donate tens of millions to help Ukraine thanks to…
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The Central African Republic has adopted Bitcoin as a legal currency, becoming only the second country to do so after El Salvador. Lawmakers from the central African country unanimously adopted a bill to make Bitcoin legal tender alongside its CFA franc and legalised the use of cryptocurrencies. President Faustin Archange Touadera signed the measure into…
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A crypto platform’s pledge to amass $10 billion (€9.2 billion) worth of Bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown Bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 Bitcoin worth $1.7 billion (€1.5…
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BILL Gates has issued a stark warning to fans of Elon Musk about the dangers posed by investing in cryptocurrencies. In an interview, the 66-year-old Microsoft founder said that the crypto market was a huge risk for anyone with less cash than Musk. That’s just about everyone when you consider that the SpaceX and Tesla…
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Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows. The joint study, titled Revisiting Bitcoin’s Carbon Footprint, showed that the share of renewable electricity sources that fuel…
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The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar. The decision led to large-scale protests over fears it would bring instability and inflation to…
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Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict earlier this week against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. A Florida jury found that Wright did not owe half of…
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Cryptocurrencies such as Bitcoin and Ethereum and global markets were sent into a tailspin following the emergence of the fast-spreading Omicron COVID-19 variant. But one relatively new crypto named Omicron has seen a massive spike. Bn Monday, the token OMIC surged by 945 per cent since Saturday to reach an all-time high of $689 (€610).…
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Bitcoin tumbled almost 8 per cent on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant now called Omicron by the World Health Organization (WHO). Bitcoin, the largest cryptocurrency, fell as much as 7.8 per cent to $54,377 (about €48,000), its lowest since October 12. It was on track for its biggest one-day…
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Bitcoin and other cryptocurrencies have fallen sharply after seeing record-highs just last week. Bitcoin’s price plunged to $58,400 (€51,000) on Tuesday and hovered just under the $60,000 (€53,000) threshold on Wednesday as the crypto market is again becoming a sea of red. It marks a 12 per cent drop from the record high of $69,000…
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