Digital money

  • 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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  • 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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  • A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital. Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not have a comment. A Facebook spokesperson, however, pointed to tweets by Stephane Kasriel, head of Meta’s…

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