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Tag Archives: cryptocurrency

China’s cryptocurrency regulations are a smart move and other countries should look to do the same

Recently, Chinese regulators released a statement saying that the country would effectively ban any financial institutions and payment companies from doing business related to cryptocurrencies. This ban refers specifically to cryptocurrencies such as bitcoin and not China’s official digital yuan, which is in development right now.   Though many have been critical of …

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Bitcoin leads massive cryptocurrency market sell-off

The most popular cryptocurrency, bitcoin, fell below its key psychological threshold of $50,000 on Friday morning. As of 07:05 GMT bitcoin was down nearly 10% percent to trade at around $48,800, according to CoinDesk data. The drop has stalled bitcoin’s enormous rally, and it’s currently heading for the biggest weekly …

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Bitcoin hits $60k record high as cryptocurrency’s rally continues

The cryptocurrency climbed more than five percent on Saturday, reaching $60,200 on Binance, the largest cryptocurrency exchange in terms of trading volume.  The price surge comes as the US begins distributing checks as part of a massive $1.9 trillion stimulus package. Analysts and investors have speculated that many Americans may …

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