Tag Archives: cryptocurrency

British police have seized record hauls of cryptocurrency totaling $408 million as part of an investigation into money laundering after organized crime groups moved into cryptocurrencies to wash their dirty money. London police said on Tuesday they had seized $250 million pounds of an undisclosed cryptocurrency less than three weeks …

The rise of cryptocurrencies has prompted interest from central banks to create digital currencies. A recent survey conducted by the Bank for International Settlements revealed that almost every central bank has considered issuing a digital currency. The Monetary Authority of Singapore (MAS), the International Monetary Fund, World Bank, and other …

The cryptocurrency market turned bearish on Monday after China asked several banks and payment firms to ramp up their crypto trading crackdown. Bitcoin tumbled nearly 10 percent on Tuesday – as low as $31,333, a two-week trough, dragging down other cryptocurrencies. Here are the prices of the ten largest cryptocurrencies, …

Cryptocurrencies tumbled on Monday as China’s crackdown on bitcoin mining expanded to the province of Sichuan. Bitcoin fell to as low as $32,288 for the first time since June 8 and was last down 7.9% at around $32,781. Bitcoin slides below $40,000 after China’s new crypto ban Smaller rival ether …

The price of the world’s major cryptocurrency, bitcoin, has pulled below the crucial $36,000 support level, amid global regulatory crackdowns and environmental concerns. The crypto was trading down more than 5% on Saturday, at $35,697 per coin. Its value has almost halved from April’s record peak of about $65,000 a …

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmaker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with the positive future trend, Tesla will resume allowing Bitcoin transactions,” …

China has arrested more than a thousand people for using the profits from crime to buy cryptocurrencies, security officials said, as part of a growing crackdown on the industry. The country’s bitcoin mines power nearly 80 percent of the global trade in cryptocurrencies, although trading in China is banned. Officials …

The Justice Department has recovered the majority of a multimillion-dollar ransom payment to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said Monday. The operation to recover the cryptocurrency from the Russia-based hacker group is believed to …

The move, if approved, would make El Salvador the first country in the world to formally accept cryptocurrency as legal money. El Salvador may become the first country to make Bitcoin legal tender after President Nayib Bukele announced he would soon propose a bill that could transform the remittance-dependent economy. …

Cryptocurrency Ethereum extended gains to rise more than 8% on Monday to $2,587 but remained 40% below a record high of above $4,300 hit earlier this month. At 1153 GMT, it was trading up 7.4% at $2,565.69. Larger rival Bitcoin also gained in its wake with the world’s biggest and …

Digital tokens took a hit on Friday as a growing list of central bankers expressed concerns about their usefulness. Bitcoin slumped 7% to near $35,500, recalling levels seen in the crypto meltdown last week as traders brace for fresh volatility over the long weekend. Prices across digital tokens took a …

Bitcoin dipped 11.33% to $33,250 at 16:00 GMT on Sunday, losing $4,248.98 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 48% from the year’s high of $64,895.22 on April 14. Ether, the coin linked to the ethereum blockchain network, dropped 16.59 % to $1,915.34 on …

Bitcoin tumbled below the $40,000 mark on Wednesday to a 3-1/2 month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon …

The price of Bitcoin has crashed after Elon Musk confirmed his electric car company would no longer accept it as payment. The billionaire posted a statement on Twitter saying Tesla will stop accepting Bitcoin as payment due to concerns about the environmental impact of the cryptocurrency. Bitcoin, the world’s largest …

The value of dogecoin dropped sharply in early U.S. hours on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show. Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% …

After several weeks of trading in narrow ranges, bitcoin breached $10,000 on Sunday for the first time since early June. In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the virtual currency went through its third so-called halving on May 11, which cut the …

The world’s largest cryptocurrency rallied above $10,000 once again amid optimism digital assets will continue to benefit in the wake of unprecedented global fiscal and monetary stimulus. Bitcoin rose about 5% on Tuesday to trade around $10,168 as of 10:05 a.m. in New York. The rally catapulted the coin to …

iMiner, a cryptocurrency company registered in Turkey, has been granted a license to mine digital coins and offer trading and custody services in Iran, Tabnak news website reports. The charter issued by Iran’s Ministry of Industry, Mine and Trade will allow the company to operate with a computing power of …

Bitcoin has fallen beneath the $7,000 psychological price range as global markets took a breather Saturday amid the ongoing trade dispute between the U.S and China. The world’s largest cryptocurrency by market value dropped beneath its temporary supports near the $7,000 price level at around 22:46 UTC (5:46 p.m. New …

Bitcoin uses as much energy as the whole of Switzerland, a new online tool from the University of Cambridge shows. The tool makes it easier to see how the crypto-currency network’s energy usage compares with other entities. However, one expert argued that it was the cryptocurrency’s carbon footprint that really …