Cryptocurrency
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Bitcoin has plunged to its lowest level since November. The world’s biggest cryptocurrency fell to £68,500 at one point today. Only a month ago, it had been trading at all-time highs of £86,000. This comes days after Bybit, a major crypto exchange, lost more than £1.1bn in the biggest hack on record. It’s believed the Lazarus Group,…
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Kenya’s foreign exchange reserves hit a new high of 7.896 billion U.S. dollars Friday after rising 121 million dollars, the Central Bank said in its weekly update of the financial markets. The surge comes about a week after the country fully settled its 2 billion dollar Eurobond debt taken in 2014 using a loan from…
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Justice Emeka Nwite of the Federal High Court Abuja, has refused to grant bail to an Executive of Binance Holdings Limited, Tigran Gambaryan. Justice Nwite held that Gambaryan is likely to jump bail if bail is granted to him. The company and its executive were arraigned on a five-count charge bordering on money laundering before…
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The Federal Government has disclosed plans to delist the Naira from all peer-to-peer, P2P, platforms. The Director General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this during a virtual meeting with blockchain stakeholders on Monday. This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market. The…
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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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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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Confused about cryptocurrencies, like bitcoin or Ether (associated with Ethereum)? You’re not alone. Before you use or invest in cryptocurrency, know what makes it different from cash and other payment methods, and how to spot cryptocurrency scams or detect cryptocurrency accounts that may be compromised. What is cryptocurrency? Cryptocurrency is a type of digital currency…
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Thieves stole around $100 million (€95 million) worth of cryptocurrency from Horizon, a blockchain bridge developed by US crypto start-up Harmony, the latest in a string of cyber heists on a sector long targeted by hackers, the company said on Friday. Harmony develops blockchains for so-called decentralised finance – peer-to-peer sites that offer loans and other…
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Lorena’s daughter was just 17 when she joined the IM Academy, an online trading course that promised to bring her wealth and success by training her in foreign exchange and cryptocurrency investing. But like hundreds of other young people in Europe, Lorena’s daughter ended up being sucked into what Spanish investigators are now calling a pyramid…
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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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Binance, the world’s biggest cryptocurrency exchange, has set its sights on France and announced it will help develop Web3 and blockchain projects in Paris. Binance boss Changpeng Zhao, nicknamed “CZ”, said at the Paris Blockchain Week Summit event on Wednesday that France can become the Web3 and cryptocurrency leader of the future. “I think France…
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Crypto investors risk losing all their money invested in speculative, “too good to be true” assets and are at serious risk from fraudsters, the European Union’s securities, banking and insurance watchdogs said in a joint statement. “Consumers face the very real possibility of losing all their invested money if they buy these assets,” the three EU…
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Investing in crypto may sound like taking a huge risk to many people. After all, it’s no news that the crypto market is volatile, far more volatile than the stock market. The more daring investors still take the plunge anyway because, as the saying goes, the higher the risk, the higher the return. They don’t…
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Local actor Edmund Chen has stepped into the world of non-fungible tokens (NFTs). The 61-year-old auctioned off an NFT painting for 15 Ether on Feb 22 — worth $53,237.10 on the day of the auction — Shin Min Daily News reported. The painting, titled Spring — Cherish the Moment, is part of a series of blockchain paintings conceived by Edmund himself called…
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