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?
The second-largest cryptocurrency has quadrupled in value this year. Some believe Ether will eventually unseat Bitcoin as the world's top cryptocurrency.
With Venezuela's official currency plummeting for years, both the government and cryptocreators are trying to stem the rot with digital tokens. For ordinary Venezuelans, the cryptoboom also means regaining freedom.
The biggest US virtual currency exchange will be listed, following record Bitcoin highs. The listing marks a turning point for cryptocurrency, once considered an obscure investment prospect.
Shares in the cryptocurrency exchange Coinbase start trading on Wall Street this Wednesday, with the company expected to be valued at around $65 billion. Its value has more than tripled in three years, boosted by the trading frenzy around Bitcoin. It will be the largest company in this sector to have gone public to date. Also today, we look at French government efforts to encourage employers to hire their temporary staff for the summer tourist season, despite ongoing coronavirus restrictions which have kept many restaurants closed.
Cryptocurrencies like Bitcoin and Ether were becoming increasingly popular in Nigeria. Some businesses and individuals are turning to it for cross-border payments and trades, thereby bypassing hurdles of scarce FX. As the prohibition on crypto accounts takes effect, GuardianTV explains what you should know about CBN's cryptocurrency bank account ban
News that electric carmaker Tesla has bought $1.5 billion worth of Bitcoin, and that it will start accepting payments in the cryptocurrency, sent its price to record highs. Bitcoin was trading over $47,000 early on Tuesday, according to the website Coindesk.
BuyCoins, a Lagos based company cater to Nigerians who are interested in trading cryptocurrency. The company offers a service that enables users to trade instantly. Users can buy or sell cryptocurrency directly from or to us via the app without the hassle of looking for traders to buy from or sell to.
24 Aug 2019
Facebook's Libra is reportedly being probed by the European Union's competition authorities. The cryptocurrency plan has been met with intense skepticism from both data protection activists and regulators.
21 Jul 2019
Rep. Brad Sherman, a California Democrat, discusses his concerns about Facebook Inc.'s plans for a new cryptocurrency. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
19 Jul 2019
David Marcus, head of Calibra at Facebook, states that he trusts Libra enough to accept his full compensation in the proposed cryptocurrency. He speaks in response to a question from Senator Sherrod Brown, ranking member of the Senate Banking Committee, a Democrat from Ohio.