Bitcoin could break the internet, Central Bank overseer says
By Bloomberg
18 June 2018 |
8:19 am
Bloomberg's Christine Harvey takes a look at some of the big stories of the day on "Bloomberg Daybreak: Middle East."
In this article
Related
Stocks sink on inflation woes, as bitcoin plunges, Senate suspend plenary for constitution review
19 May 2021
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday
20 May 2021
China has said it will stop banks and payment firms from using cryptocurrenices, sending prices into a tailspin. Beijing's regulators warned that "speculation" was a threat to the financial system.
20 May 2021
The price of Bitcoin has seen more wild swings after a tumultuous week for cryptocurrencies. A selloff sparked by comments from Chinese regulators was followed by a tweet from Elon Musk on Wednesday that Tesla was holding on to its investment in Bitcoin, which sparked a rebound in prices.
26 May 2021
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday.
9 Jun 2021
Lawmakers have approved a law classifying Bitcoin as legal tender, making El Salvador the first nation to officially adopt a cryptocurrency.
12 Jun 2021
The Congress of El Salvador has approved a law that will classify bitcoin as legal tender in the Central American country, its president said, making it the world's first nation to adopt a cryptocurrency.
21 Jun 2021
Chinese authorities have told all crypto mining to stop, citing speculation risk and power consumption concerns. The move has hurt the share prices of Bitcoin and others.
23 Jun 2021
The price of Bitcoin dropped below the all-important $30,000-mark after China made several moves to rein in the cryptocurrency. The fall could trigger a sell-off, but experts say China isn't as important as it once was.
28 Jun 2021
What's up with Bitcoin? It's down, dropping to its lowest level since January after China announced a crackdown on cryptocurrency mining. Is it, as stated, about going green and cooling it in the nation that's home to an estimated two-thirds of the energy-sucking giant computer servers that create virtual currencies? Or is it about reining in a cottage industry that is out of not only Beijing's control, but that of central banks and regulators the world over?
15 Jul 2021
The European Central Bank has said it is taking the next step toward launching a digital version of the euro. The move comes amid a boom in crypto and other digital currencies.
23 Jul 2021
Malaysian police have hit on a novel way to dispose of more than 1,000 bitcoin-mining machines seized in raids -- crushing the devices using a steamroller. Authorities on Borneo island discovered the machines, worth an estimated 5.3 million ringgit ($1.25 million), in crackdowns between February and April, and say they were powered using stolen electricity.
Latest
1 hour ago
Clashes between the Congolese armed forces and the M23 militia group have sent thousands of people over the border to Rwanda seeking shelter. Meanwhile, the UK and Rwanda are to settle 50 undocumented migrants who arrived on British shores in the Rwandan capital Kigali; we take a closer look. And Zimbabwe wants to sidestep international conventions to sell its $600 million stockpile in black market ivory – not without controversy.
1 hour ago
The Russia House in Davos has always sold the Russia story to global investors, but now it's having to tell a rather bitter truth. In the absence of Russians, Ukraine is making sure Moscow's excesses are not forgotten.
2 hours ago
A wave of protests swept across Iran as people went online to express their opposition to the death penalty given to three young Iranians for taking part in demonstrations last year.
2 hours ago
The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong international mobilisation" will save the lives of millions of people. Also in our update from Davos: EU member states move towards an embargo on Russian oil, but with no consensus on the timeline.
3 hours ago
Over two thirds of young Colombians say their lives have got worse over the past year, which saw a fierce crackdown on anti-government protests in a country still recovering from five decades of conflict. Six years after the peace deal with the FARC rebels, many young people are backing the former mayor of Bogota, Gustavo Petro, in the May 29 presidential election. If he wins, Petro would become Colombia's first-ever leftist leader. In this special edition of Inside the Americas, we meet several young Colombians who are hoping for change.
3 hours ago
In another tragic US mass shooting echoing the 2012 Sandy Hook killings, an 18-year-old gunman has killed more than 20 people – mostly children – in Uvalde, Texas. We take a look at how papers are reacting to the all-too-common event in the United States, including why many blame Republicans. We finish with an editorial arguing that the United States – its policies and institutions – is its own worst enemy.