SYDNEY (Reuters) – Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favourable news and inflation fears.Bitcoin was last up about 3% at $65,121 and ether , which underpins the ethereum network, sat at a record top of $4,711. […]
Continue Reading
Bitcoin fell 13% on Sunday after the world’s biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50% from the year’s high.Bitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous close. It hit a high for the year of $64,895.22 on April 14.Ether, the coin linked […]
Continue Reading
Britain is looking into the possibility of creating a digital currency that households and businesses could use instead of cash — an initiative the finance minister dubbed “Britcoin”. The use of cash has fallen during the coronavirus pandemic as people try to avoid contact, and several central banks across the world are considering whether to […]
Continue Reading
New York state authorities said they reached an agreement to shut down activities of two cryptocurrency trading platforms which hid an estimated $850 million in losses. State Attorney General Letitia James said the agreements this week with Bitfinex and Tether would end all trading activity with New Yorkers and require penalties totaling $18.5 million. James’s […]
Continue Reading