Bitcoin soars past $20,000: What the rally means for investors
17 December 2020 | 11:18 am
The cryptocurrency has been on a tear this year, growing by almost four times since March lows. Is Bitcoin primed for another bust? The crypto aficionados have other ideas.
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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?
19 Jul 2021
The US sanctions target officials from China's Hong Kong liaison office, which seeks to promote Chinese influence in the partly autonomous city.
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.
26 Jul 2021
Managers in Germany are not feeling overly optimistic about the coming months, a major business confidence barometer shows. Two major concerns are clouding their outlook.
16 Aug 2021
Twitter founder Jack Dorsey has claimed that Bitcoin will "unite the world".
6 Sep 2021
In an effort to stem incidences of business failures in the corporate polity, H. Michael & Co. founder Dr. Adeyinka Hassan in commemoration of its 10th anniversary put together a conference tagged: Corporate Governance and Enterprise Development Conference. The well-attended conference examined the imperatives of corporate governance for the success of business enterprises in Nigeria, creating economic stability and business sustainability.
11 Sep 2021
El Salvador has become the first country in the world to make Bitcoin legal tender, despite surveys showing widespread scepticism about the move. The government has invested more than $20 million in the cryptocurrency in recent days, saying it will open up access to banking for many Salvadorans. Bitcoin will be accepted for payments in parallel with the US dollar. Also today, millions of Americans have lost their unemployment benefits as several pandemic-era welfare programmes have expired.
11 Sep 2021
The value of Bitcoin has plunged by more than 10 percent after El Salvador on Tuesday became the first country in the world to accept the cryptocurrency as legal tender. The launch was marred by protests and technical difficulties with the digital wallet app, which had to be taken offline for several hours. Also today, we report on tourism businesses in the southwest of France that have benefitted from the recent spell of good weather, which has prolonged their summer season.
3 hours ago
Kenyan opposition leader Raila Odinga rejected as "null and void" the result of an Aug. 9 presidential election he was declared to have lost, adding on Tuesday that Kenya's democracy faces a long legal crisis.
5 hours ago
Chelsea manager Thomas Tuchel and his Tottenham Hotspur counterpart Antonio Conte have been charged by the Football Association (FA) following their confrontation after Sunday's heated Premier League draw at Stamford Bridge.
5 hours ago
As they begin to grasp the extent of looming energy price hikes, people across Germany are cutting consumption. The same goes for city governments, such as Cologne's.
5 hours ago
Kenya's election commissioners stand by their disavowal of the presidential vote. The dramatic events of Monday have raised fears of violence like that seen after past disputed polls. In 2017, more than 100 people were killed after the Supreme Court overturned the result citing anomalies in the voting process.
7 hours ago
The first humanitarian cargo of food from Ukraine since Russia's invasion has set off from Ukraine. Meanwhile, the location of the first commercial ship to leave carrying grain is unknown.