The regulator announced plans to bar financial institutions, payment companies and internet firms from facilitating cryptocurrency trading, as well as to strengthen monitoring of risks from such activities. “Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC …
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The digital asset lost as much as 10% during the day’s trading, falling to $43,692.57, according to Coin Metrics. Other cryptocurrencies were also in the red, with ether losing 9% to $3,038.74 and XRP becoming the worst performer, down 14% on Monday. “This sell-off is the continuation of a well-established …
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That’s about the same as the power consumption of the Philippines. According to a Bloomberg report, the bitcoin network will have consumed 91 TW/h by the end of the year, and it has already consumed more than the 67 TW/h estimated for all of 2020. A separate study by Science …
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The price of bitcoin dropped as much as 16% to around $43,100 after breaking through $52,000 late Monday. The cryptocurrency has managed to rebound since then, and was last down over 13% to trade at $45,512. The fall has been attributed to a technological glitch that forced El Salvador’s government …
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“El Salvador has just bought its first 200 coins,” Bukele said on Monday afternoon. “Our brokers will be buying a lot more as the deadline approaches.” Several hours later, Bukele revealed that El Salvador bought another 200 coins, increasing its cryptocurrency stake to 400 bitcoins. Bitcoin’s market price rallied on …
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Bitcoin was trading at $51,843 per coin as of 08:00 GMT, up almost 4%. Some experts say that the test will be for the cryptocurrency to remain above $51,000, which will give the market a better idea of whether it can sustain a level above $50,000. Analysts point out that …
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The crypto market cap dropped to $1.19 trillion on July 20, according to CoinMarketCap, showing that the sector has nearly doubled in value in less than a month. The price of the world’s most popular digital asset, bitcoin, reached $48,126 early Monday, the highest level seen since May 17. It …
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That’s according to Moscow business daily RBK, which also revealed that the tracking service will be created by a subsidiary of SberBank, the country’s largest banking and financial services company. As per the tender documentation, the service will be able to provide data on the value of a cryptocurrency wallet, …
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The US Justice Department (DOJ) announced on Wednesday that 22-year-old Joseph O’Connor has been detained in Estepona, Spain on multiple charges over the hacking. Some of the Twitter accounts reportedly compromised included ones belonging to US President Joe Biden, former President Barack Obama and Tesla founder Elon Musk. O’Connor will …
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The top cryptocurrency lost more than 6% on Tuesday, trading around $29,700, with rivals ethereum and XRP losing 9% and 11% respectively, CoinDesk data shows. The drop in crypto prices followed a major sell-off on global stock markets, with the Dow Jones Industrial Average having its worst performance since October …
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