virtual-currency | ABS-CBN News

BSP hikes capital requirements for e-money issuers

ABS-CBN News
Posted at Feb 08 05:45 PM

The BSP has amended the guidelines covering electronic money and operations of e-money issuers (EMIs) amid increasing risks to protect consumers. Read more »

UnionBank first universal bank to offer crypto exchange on mobile app

ABS-CBN News
Posted at Aug 12 11:06 AM

UnionBank said it would become the first universal bank in the country to offer virtual asset exchange through its mobile banking app. Read more »

Bitcoin falls below $30,000, lowest since July 2021

Agence France-Presse
Posted at May 10 01:12 PM

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets. Read more »

Ronin heist underscores crypto volatility

Warren De Guzman, ABS-CBN News
Updated as of Apr 01 04:08 PM

The $615-million heist from an Axie Infinity digital ledger underscores the volatile nature of virtual currency investments, a financial planner said. Read more »

Marketplace bug sees at least $1M of NFTs sold below market price

Elizabeth Howcroft, Reuters
Posted at Jan 25 08:33 AM

A bug in the largest NFT marketplace, OpenSea, allowed attackers to purchase at least $1 million worth of NFTs across multiple different wallets for significantly below market price, blockchain analytics firm Elliptic said on Monday. Read more »

Bitcoin notches record high, day after US ETF debut

Reuters
Posted at Oct 21 09:39 AM

Bitcoin climbed to a record high on Wednesday, and the first US bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday. Read more »

Bitcoin soars to $50,000 again on institutional demand

Gertrude Chavez-Dreyfuss and Ritvik Carvalho, Reuters
Posted at Oct 06 08:39 AM

Bitcoin, the world's largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000 mark for the first time in four weeks and adding to gains this month on mounting institutional interest. Read more »

Bitcoin attracts high-profile interest

Agence France-Presse
Posted at Jul 27 06:38 AM

Tesla, Twitter and maybe Amazon: Big tech companies are interested in bitcoin and it could take off again after several weeks of laying low.   Read more »

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Noor Zainab Hussain and Nivedita Balu, Reuters
Posted at Jul 22 07:11 AM

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.  Read more »

Digital currency craze might be like bad fashion fad: US Fed vice chair

Agence France-Presse
Posted at Jun 29 09:03 AM

When it comes to the fleeting craze over baggy parachute pants in the 1980s the consequences are "merely puzzling or embarrassing," but with a currency it could be more serious. Read more »

Bitcoin jumps after Musk says Tesla could use it again

Reuters
Posted at Jun 14 02:58 PM

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Read more »

Musk says Tesla will accept bitcoins when miners use more clean energy

Reuters
Posted at Jun 14 07:33 AM

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. Read more »

Bitcoin is now legal tender in El Salvador

Agence France-Presse
Posted at Jun 09 03:37 PM

The Congress of El Salvador has approved a law that will classify Bitcoin as legal tender in the Central American country, its president said, making it the world's first nation to adopt a cryptocurrency. Read more »

Bitcoin sinks and approaches $30,000

Agence France-Presse
Posted at Jun 09 07:34 AM

The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies in its wake. Read more »

Bitcoin plunges: A bust or a buy?

Tommy Wilkes, Sujata Rao and Gertrude Chavez-Dreyfuss, Reuters
Posted at May 20 07:14 AM

Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments.   Read more »

Bitcoin tumbles below $40,000 after China issues warning

Agence France-Presse
Posted at May 19 02:08 PM

Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them.   Read more »

US gov't, industry push bitcoin regulation to fight ransomware scourge

Joseph Menn and John Shiffman, Reuters
Posted at Apr 29 08:57 AM

Government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said. Read more »

Bitcoin on your balance sheet? Here's what you need to know

Tom Wilson, Anna Irrera and Jessica DiNapoli, Reuters
Updated as of Mar 08 03:11 PM

Large companies from carmaker Tesla Inc to business intelligence firm MicroStrategy Inc have swapped billions of dollars in cash for bitcoin in recent months.   Read more »

Bitcoin extends retreat from record high to hit lowest in 20 days

Reuters
Posted at Mar 01 08:33 AM

Bitcoin fell to its lowest since Feb. 8 in thin trade on Sunday, down 3.7 percent from Friday's close as the pullback from a record high near $60,000 continued. Read more »

Record-breaking Bitcoin tumbles on US treasury chief's warning

Agence France-Presse
Posted at Feb 24 12:03 PM

At about 1500 GMT, the digital currency slid 12.57 percent to $47,946, while rival ethereum declined 15 percent to $1,539.   Read more »