Bitcoin
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The price of Bitcoin hit a new all time high on Tuesday to reach $68,025 (€58,000) and the second-biggest digital coin, Ether by Ethereum surged by over 1 per cent from the previous day to $4814.80 (€4,153). Bitcoin rose over 3 per cent in the last 24 hours, according to CoinMarketCap and beat its last…
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Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to COVID-19. Now he is hooked even though the financial authorities disapprove. “Crypto just allows me to transact freely and within minutes we are done with our transactions,” the 28-year-old told Reuters from a friend’s studio in Lagos…
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PayPal users in the United Kingdom will be able to buy, sell and hold Bitcoin on the platform from this week, the company has announced. Users will also be able to trade Ether, Litecoin and Bitcoin Cash on PayPal’s website and mobile app. With over 400 million active users worldwide, PayPal is one of the…
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India has become the latest country to consider issuing a central bank digital currency (CBDC), the country’s reserve bank deputy chief announced on Thursday. T. Rabi Shankar, the deputy governor of the Reserve Bank of India, said the bank was considering a phased introduction of its own CBDC and is examining various issues including the underlying technology…
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Cryptocurrency exchanges could be forced to collect the details of people sending and receiving crypto under new rules proposed by the European Commission. The EU’s executive branch announced the potential change on Tuesday as part of a package of reforms aimed at tackling financial crime within the bloc. “The aim of this package is to improve…
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A lot is going on in the cryptocurrency world especially in Iceland where a massive robbery resulted in the disappearance of over 600 computers. Police believe the criminals have intentions of using the stolen computers to “mine” bitcoin and other virtual currencies. Several data centers around Iceland were vandalized. Authorities in the North Atlantic island…
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The South Korean government says plans are in progress to ensure that people who trade Bitcoin and other virtual currencies must do so under their real names. According to a report from The Korea Times, the country’s government said on Thursday that the effort is aimed at curbing frenzied market speculations. Bitcoin, the best-known virtual…
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