Bitcoin hits all-time record exchange rate above $50,000

Bitcoin charged to a record high on Wednesday, a day after the cryptocurrency vaulted the $50,000 hurdle, even as analysts warned about the sustainability of such prices amid elevated volatility. The world’s biggest digital currency, which has a market capitalisation of over $900 billion, hit a record $51,721 price, fuelled by signs that it is… Read More Bitcoin hits all-time record exchange rate above $50,000

Bitcoin exchange rate depreciates by over ten percent

Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a day earlier, with traders citing volatility in highly leveraged futures markets. Bitcoin fell over 14% after earlier touching as high as $33,670, wiping out more than half its 20% rally from New Year’s Eve to a record $34,800 on Sunday.… Read More Bitcoin exchange rate depreciates by over ten percent

Bitcoin hits all-time record exchange rate above $30,000

Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method. The price of the world’s most popular cryptocurrency traded as high as $31,824 early… Read More Bitcoin hits all-time record exchange rate above $30,000

Bitcoin hits all-time record exchange rate above $20,000

Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever. The cryptocurrency jumped 4.5% to move as high as $20,440. It has gained more than 170% this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a mainstream… Read More Bitcoin hits all-time record exchange rate above $20,000

U.S. launches investigation into bitcoin price manipulation

​The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday. The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people… Read More U.S. launches investigation into bitcoin price manipulation

Iranian central bank bans all cryptocurrencies transactions

Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis. “Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to… Read More Iranian central bank bans all cryptocurrencies transactions

Twitter bans cryptocurrency advertising in bid to curb cyber fraud

​Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses. The prohibition will cover advertising of initial coin offerings (ICOs), crowdfunding used to raise cash by creating new coins, as well as token sales, the San… Read More Twitter bans cryptocurrency advertising in bid to curb cyber fraud