Downloads of China’s digital yuan soar but usage remains low

Economy 01/19/22, 16:35

Within a week of its launch, China's digital yuan wallet app surged to the most downloaded app in Apple and Xiaomi stores. However, its actual transactions have been far less impressive. While the app has been widely installed, China’s cryptocurrency, or e-CNY, is only available for use in the ten mainland ...

Bitcoin falls 30% from record high to below $42,000

U.S. 01/19/22, 02:54

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 ...

Maryland couple caught allegedly selling nuclear submarine secrets

U.S. 10/20/21, 16:06

A grand jury indicted a U.S. Navy nuclear engineer and his spouse for allegedly endangering national security on Oct. 19. The Department of Justice confirmed Jonathan and Diana Toebbe are both charged with one count of "conspiracy to communicate restricted data" and two counts of "communication of restricted data." They allegedly ...

Crypto app founders at large with $3.6 billion in stolen Bitcoin

World 06/25/21, 02:52

Authorities are searching for two business partners who allegedly misused investor funds to buy their way into crypto billionaire-hood. South Africa's Finance Sector Conduct Authority (FSCA) is trying to track down Africrypt founders Ameer and Raees Cajee. The brothers are accused of defrauding customers through using their money to purchase $3.6 ...

Bitcoin, ethereum drop, crypto market cap shrinks roughly $1 trillion

Business 05/20/21, 17:35

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 ...

President Trump blasted bitcoin and other cryptocurrencies

U.S. 07/12/19, 05:42

President Trump on Thursday, July 11, blasted bitcoin and other cryptocurrencies, including Facebook's newly announced digital currency Libra, saying "I am not fan," amid rising concerns over new forms of currencies from lawmakers and regulators.  The president also raised concerns that those currencies can be used for illegal activities. "I am not ...

The Bank of Venezuela and the so-called cryptocurrency petro

South America 07/11/19, 16:50

Will the Bank of Venezuela be able to operate with the "petro"? That is the question that both market agents and politicians ask themselves when faced with the last order given by socialist leader Nicolás Maduro for the country's largest bank to operate with the cryptocurrency. Certainly, Maduro's announcement on July ...

Nonprofits turn to cryptocurrency to help needy Venezuelans

America 05/21/19, 23:00

Andreina Cordero started the year skipping meals so her three kids could eat. Her husband, a construction worker, was out of a job. And the family's savings had been devastated by the nation's hyperinflation, limiting Cordero's children to a diet of rice, beans, pasta and fried corn patties.But the family ...

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