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). Photo by David McBee on Pexels.com Bitcoin rose over 3 per cent in the last 24 hours, according … Continue reading Why Bitcoin and Ether prices are rising
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. Photo by David McBee on Pexels.com "Crypto just allows me to transact freely and within minutes we are done with our transactions," the 28-year-old told Reuters … Continue reading Crypto trading thrives in Nigeria despite threats of an official ban
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 … Continue reading PayPal users in the UK will be allowed to trade cryptocurrency this week
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. Photo by Sohel Patel on Pexels.com 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 … Continue reading Central Bank of India to launch of its own digital currency
Cryptocurrency exchanges could be forced to collect the details of people sending and receiving crypto under new rules proposed by the European Commission. Photo by Olya Kobruseva on Pexels.com 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 … Continue reading EU anti-money laundering measures include making crypto wallets traceable
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 … Continue reading 600 computers stolen from data centers in Iceland could be used to mine Bitcoin
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 … Continue reading South Korean authorities angry with Bitcoin traders
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