Finance

Bitcoin marks dip of $50,000 as investors get jittery about its valuation

Editorial Bureau February 23, 2021

SINGAPORE – With investors getting a little jittery about the bitcoin’s lofty valuation and some leveraged players taking profits, the cryptocurrency dipped $50,000 on Tuesday. It dipped more than 10%, which is its largest daily slump in a month to hit $48,575. That prolongs a sharp

Finance

Europol arrests 10 hackers for allegedly siphoning off $100m cryptocurrency

Editorial Bureau February 10, 2021

AMSTERDAM (NETHERLANDS) – Europol authorities said on Wednesday that they assisted in the arrest of 10 hackers suspected of siphoning off $100 million in cryptocurrency through a “SIM-swapping” attack, allowing suspects to gain access to victims’ phones. “The attacks orchestrated by this criminal gang targeted thousands of victims throughout

Finance

Bitcoin heads towards sharpest weekly drop since September

Editorial Bureau January 22, 2021

SINGAPORE CITY (SINGAPORE) – One of the most popular cryptocurrencies, Bitcoin, wavered on Friday as it headed towards its sharpest weekly dip since September. Concerns over regulation and its fizzy rally drove a pullback from record highs recently. Early during the Asia session, bitcoin dropped more than 5% to a three-week low of $28,800. However, […]

Finance

Bitcoin registers slump of 10%

Editorial Bureau January 21, 2021

LONDON (UK) – Bitcoin registered a slump of 10% on Thursday, a 10-day low, and went on to retreat further from record highs. This came as traders cited concerns of tighter US regulations. Considered to be the world’s most popular cryptocurrency, bitcoin was last down 7.5% at $32,779 after reaching as low as $31,977. After […]

Finance

Rising US yields curb bitcoin rally

Editorial Bureau January 11, 2021

SINGAPORE – In the wake of rising US bonds lifting the greenback broadly and hurting other safe assets that yield no income, cryptocurrencies slumped on Monday, with bitcoin falling more than 12% marking a one-week low. Bitcoin slumped as far as $33,447 and ethereum, which also moves along with bitcoin, witnessed a fall of 20% […]

Finance

Bitcoin witnesses surge of 800% since March

Editorial Bureau January 4, 2021

TOKYO (JAPAN) – On Monday, Bitcoin traded at $33,365 in Asia. This comes after it rose to a record high of $34,800 on Sunday in the wake of investors continuing to bet the digital currency is on its way to becoming a mainstream asset. The latest milestone for the world’s most popular cryptocurrency came less […]

Finance

EU aims to introduce blockchain, stablecoins for cross-border payments in 4 years

Editorial Bureau September 18, 2020

LONDON (UK) – The EU will formulate new rules within four years to ensure that cross-border payments are faster and cheaper through blockchain and stablecoins. The European Commission is slated to unveil its strategy to boost the greater use of digital currency when 78% of payments in the euro zone are in cash. The commission […]

Business

Former Nissan chairman’s son made cryptocurrency payments to flee from Japan: US

Editorial Bureau July 24, 2020

BOSTON (US) – Ex-Nissan Motor Co chairman Carlos Ghosn’s son paid $500,000 (393,143 pounds) in cryptocurrency to one of the two men hailing from Massachusetts who helped him flee from Japan, said prosecutors. On Wednesday, federal prosecutors said the payments were made to Peter Taylor after he and his father, US Army Special Forces veteran […]

Tech

India’s top court quashes RBI banking ban on cryptocurrency

Ren Leen March 4, 2020

MUMBAI- India’s Supreme Court overturned on Wednesday a central bank ban forbidding lenders to facilitate banking transactions for cryptocurrency exchanges and traders, removing a major hurdle for the development of the sector. In April 2018, the Reserve Bank of India gave entities it regulated three months to snap all banking relationships with individuals or

Tech

CoronaCoin: crypto developers seize on coronavirus for new, morbid token

Ren Leen February 29, 2020

NEW YORK- Cryptocurrency developers have created a digital coin that allows traders to bet on the coronavirus epidemic, based on how many people fall ill or die. Called the “CoronaCoin,” its supply will diminish every two days based on the rate of new cases, according to its website – suggesting its price could move higher […]