Digital currency
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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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Norway’s central bank is trying out its own digital currency A cashless society may not seem so far away in the distant future. But the current digital alternatives such as cryptocurrencies have proved volatile, while the other blockchain assets, non-fungible tokens (NFTs), have fallen out of favour since their hype. A different approach to blockchain…
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With a name inspired by the coastal beach in California, Solana is a blockchain that has breezed into the race to be the fastest, most secure and scalable solution in crypto land. How does it measure up? Will it edge out Ethereum or other high-performance blockchains like Cosmos? Let’s find out: What is Solana? and…
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Hackers have targeted the blockchain Solana’s ecosystem, draining approximately 8,000 digital wallets. The value of the assets stolen is not clear but analysts estimate the losses are worth as much as $8 million (€7.8 million) in digital coins. The popular blockchain Solana confirmed the attack in a tweet on Wednesday, saying approximately 8,000 (up from 7,767…
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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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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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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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Tesla boss Elon Musk said the electric carmaker will accept the cryptocurrency Dogecoin to purchase its merchandise on a test basis. The price of Dogecoin surged as much as 32 per cent on the news, before settling around a 25 per cent high, according to Coinmarketcap. “Tesla will make some merch buyable with Doge &…
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