Bitcoin
Bitcoin falls 30% from record high to below $42,000
Bitcoin continued to drop on Tuesday, Jan. 18, extending its slide after hitting a record high in November 2021. Data from CoinDesk shows that the world’s largest cryptocurrency by market value fell more than 1% in morning trading, hovering around the $41,500 level. According to Fox Business, Bitcoin hit an all-time high ...
El Salvador becomes the first country to use Bitcoin as legal tender
El Salvador officially adopted Bitcoin as legal tender this Tuesday, Sept. 7, and announced the purchase of 400 cryptocurrencies worth nearly $21 million as a reserve, New York Post reported. Salvadorans will be able to pay for goods and services and even taxes with Bitcoin. Bitcoin transactions will be exempt from ...
CCP-backed Bitcoin firm with cyber attack history invests millions in Texas crypto center
BIT Mining Limited, a China-based corporation supported by state-run enterprises with a history of cyber-attacks and a close link to the Chinese Communist Party (CCP), invested over $25 million in a bitcoin mining operation in Texas according to National Pulse. The Texas Mining Center is a cooperation project between Chinese firm ...
Bitcoin, ethereum drop, crypto market cap shrinks roughly $1 trillion
Bitcoin and ethereum recorded their biggest one-day plunge since last March on Wednesday, May 19, with the cryptocurrency market capitalization losing nearly $1 trillion. Cryptocurrency prices plummeted as China restricted financial and payment organizations from providing bitcoin services, according to Reuters. Bitcoin fell to $30,066, its lowest level since late January, when ...
Bitcoin is back over $5,000, but is cryptocurrency really viable?
Bitcoin, the volatile digital currency value of which soared to nearly $20,000 per coin in 2017 and soon crashed to a small fraction of that value, has again risen to over $5,000 in past few weeks. Investors and proponents of cryptocurrencies view bitcoin as both the leader and barometer for digital ...
Report: Facebook considering its own bitcoin for payments
The Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.The system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin's value stable. Bitcoin and similar cryptocurrencies have been susceptible ...
Mt Gox Bitcoin exchange’s Karpeles avoids jail time in Japan
Mark Karpeles, who headed Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking, was found guilty Friday of manipulating electronic data but cleared of embezzlement and breach of trust charges.The Tokyo District Court handed down a prison sentence of two years and six months, suspended for ...
Lawyer: Russian cybercrime suspect on hunger strike
The lawyers for a Russian suspected of bitcoin fraud and wanted by three countries said Thursday that the man's health is deteriorating due to a hunger strike, and criticized the Greek courts for detaining him for more than the maximum 18 months allowed.Lawyer Zoe Konstantopoulou said Alexander Vinnik, 39, has ...
Japan digital currency exchange hacked, losing $60 million
Hackers have stolen 6.7 billion yen ($60 million) worth of cryptocurrencies from a Japanese digital currency exchange, the operators said Thursday.Tech Bureau Corp. said a server for its Zaif exchange was hacked for two hours last week, and some digital currencies got unlawfully relayed from what's called a "hot wallet," ...
UK lawmakers: ‘Wild West’ cryptocurrencies need regulation
LONDON (AP) — British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the "Wild West."

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