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Topic: virtual-currency

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

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

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 »

Bitcoin battles for support at $50,000

Bitcoin battles for support at $50,000

Reuters
Posted at Feb 23 03:20 PM

Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency's lofty valuation and some leveraged players took profit.   Read more »

Bitcoin steams to new record and nears $1 trillion market cap

Bitcoin steams to new record and nears $1 trillion market cap

Tom Wilson and Stanley White, Reuters
Posted at Feb 19 10:19 PM

LONDON/TOKYO - Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalization of $1 trillion, blithely shrugging off analyst warnings that it is an "economic side show" and a poor hedge against a fall in stock prices. Read more »

Bitcoin smashes through $50,000 as it wins more mainstream acceptance

Bitcoin smashes through $50,000 as it wins more mainstream acceptance

Thyagaraju Adinarayan and Tom Wilson, Reuters
Posted at Feb 17 06:31 AM

Bitcoin soared above $50,000 on Tuesday for the first time, adding steam to a rally fueled by signs that the world's biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Read more »

FACTBOX: Bitcoin's famous backers

FACTBOX: Bitcoin's famous backers

Reuters
Posted at Feb 16 09:19 PM

Bitcoin rose above $50,000 on Tuesday for the first time, continuing a rally that has seen it rise nearly 900% since March last year.   Read more »

After dizzying gyrations, what's bitcoin really worth?

After dizzying gyrations, what's bitcoin really worth?

Joseph Sotinel, Agence France-Presse
Posted at Jan 17 02:06 PM

After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question won't go away: how much is bitcoin actually worth? Read more »

Cancel your weekends! Bitcoin doesn't rest, and neither can you

Cancel your weekends! Bitcoin doesn't rest, and neither can you

Tom Wilson and Anna Irrera, Reuters
Posted at Jan 11 03:17 PM

Trading volumes across six major cryptocurrency exchanges have been 10% higher at weekends than weekdays in that period, data from researcher CryptoCompare shows. Read more »

Bitcoin: why the price has exploded – and where it goes from here

Bitcoin: why the price has exploded – and where it goes from here

Reuters
Posted at Jan 07 11:34 PM

 From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to just below US$30,000 by the end of the year. Read more »

Bitcoin emergence as 'digital gold' could lift price to $146,000, says JPMorgan

Bitcoin emergence as 'digital gold' could lift price to $146,000, says JPMorgan

Reuters
Posted at Jan 05 10:55 PM

LONDON - Digital currency bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset, investment bank JPMorgan (JPM) said on Tuesday.   Read more »

Bitcoin hits new record, this time with less talk of a bubble

Bitcoin hits new record, this time with less talk of a bubble

Nathaniel Popper, The New York Times
Posted at Dec 01 04:29 AM

Bitcoin is back. Again. Read more »

Crypto exchange Coinbase hit by connection, latency problems as bitcoin plummets

Crypto exchange Coinbase hit by connection, latency problems as bitcoin plummets

Tom Wilson, Reuters
Posted at Nov 27 02:24 AM

LONDON - Cryptocurrency exchange Coinbase said on Thursday its retail and professional-focused platforms were hit by tech problems, with users reporting difficulty trading as bitcoin plunged towards its biggest one-day drop since September. Read more »

Bitcoin at $100,000 in 2021? Outrageous to some, a no-brainer for backers

Bitcoin at $100,000 in 2021? Outrageous to some, a no-brainer for backers

Gertrude Chavez-Dreyfuss, Reuters
Posted at Nov 24 11:32 PM

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year.   Read more »

Which central bank will launch world’s first digital currency?

Which central bank will launch world’s first digital currency?

Amanda Lee, South China Morning Press
Posted at Oct 14 11:43 PM

Sovereign digital currencies are traditional money, but in digital form, that will be issued and governed by the world’s regional central banks   Read more »

G-7 finance chiefs meet online to discuss digital currency challenges

G-7 finance chiefs meet online to discuss digital currency challenges

Kyodo News
Posted at Oct 13 09:31 PM

They are expected to agree on the need to appropriately regulate payment services using virtual currencies to prevent money laundering and other fraudulent transactions, according to the sources.   Read more »

Xi's pep talk on blockchain lifts Chinese tech shares

Xi's pep talk on blockchain lifts Chinese tech shares

Agence France-Presse
Posted at Oct 28 04:26 PM

Dozens of tech shares seen as benefitting from a blockchain boom soared by the 10 percent daily limit allowed on China's main exchanges after Xi made the comments in a meeting of top Communist Party leaders focused on the sector.   Read more »

Libra partners reconsider as governments grumble: report

Libra partners reconsider as governments grumble: report

Agence France-Presse
Posted at Oct 02 09:16 AM

Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts as regulators unleash ire on the project, according to a report Tuesday. Read more »

Cagayan ecozone authority temporarily suspends 3 virtual currency exchanges

Cagayan ecozone authority temporarily suspends 3 virtual currency exchanges

Angel Movido, ABS-CBN News
Posted at Sep 17 12:00 PM

The Cagayan Economic Zone Authority ordered the temporary suspension of its virtual currency exchange licensees pending their move to Cagayan, its spokesperson said Tuesday. Read more »

Manny Pacquiao launches his own 'Pac' crypto tokens

Manny Pacquiao launches his own 'Pac' crypto tokens

Neil Jerome Morales and Ronn Bautista, Reuters
Updated as of Sep 02 01:43 PM

The 40-year-old boxer, who defeated Keith Thurman to win the WBA Welterweight Super Championship in July and is also a Philippine senator, hopes to cash in on his "Pac" tokens, which will allow fans to buy his merchandise and interact with him via social media. Read more »

Facebook's cryptocurrency faces privacy concerns, political backlash

Facebook's cryptocurrency faces privacy concerns, political backlash

Katie Paul and Anna Irrera, Reuters
Posted at Jun 19 10:11 AM

The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity governing the new digital coin, according to marketing materials and interviews with executives. No banks are yet part of the group. Read more »

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