Cryptocurrencies

Bitcoin

Bitcoin Drops Towards $60K as Major Crypto currencies Lose Ground

Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. The world’s largest digital coin fell toward $60,000 during late morning trade Singapore time. It recovered some of those losses and was trading at around $60,542 at 9:26 a.m. London time (4:26 a.m. ET), according to Coin Metrics data, is down 5% from 24 …

Bitcoin Drops Towards $60K as Major Crypto currencies Lose Ground Read More »

Ether

Ether Hits an all time High at $ 4,600 Following Bitcoin’s Trail

 Ether, the world’s second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin’s rally and riding on news of wider blockchain adoption. The ethereum token, which underpins the ethereum blockchain network, rose to as high as $4,643 in Asian hours, breaching the previous day’s $4,600 and taking the week’s gains to more than …

Ether Hits an all time High at $ 4,600 Following Bitcoin’s Trail Read More »

Bitcoin BTC

Bitcoin Hits a New All Time High Above $66K After Successful Launch of U.S ETF

Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $66,000, marking a full recovery from a months-long slump and extending the year’s gains to nearly 130%. The cryptocurrency pushed past the previous price record of $64,889 set in April and is currently changing hands at $66,685 as of 15:44 UTC …

Bitcoin Hits a New All Time High Above $66K After Successful Launch of U.S ETF Read More »

Bitcoin

Bitcoin Surges Above $62K as SEC Approves Trading of Bitcoin Features

Bitcoin price today surged above the $62,000 mark as reports suggested that the first US BTC Futures exchange-traded fund (ETF) may debut as soon as Monday. The digital currency is currently exchanging hands at 62,391.50 as of 11.00 A.M East African Time, a 2.90% 24-hour gain Analysts are optimistic that the world’s largest cryptocurrency will …

Bitcoin Surges Above $62K as SEC Approves Trading of Bitcoin Features Read More »

Bitcoin BTC

Bitcoin Jumps on Expectations that SEC will Allow Futures ETFS

Bitcoin, the largest cryptocurrency by market capitalization has hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The digital currency rose nearly 4% to as high as $59,664, its highest since …

Bitcoin Jumps on Expectations that SEC will Allow Futures ETFS Read More »

Bitcoin

Bitcoin Rallies to Above $57 K, Highest Price Since May

Bitcoin extended its two-week rally Monday, climbing to the highest level since early May. The cryptocurrency last traded more than 3% higher at $57,530.81 after hitting as high as $57,740.82. Ben McMillan, chief investment officer at the quantitative index fund manager IDX, attributed the jump to increasing concerns about inflation being more than transitory as well …

Bitcoin Rallies to Above $57 K, Highest Price Since May Read More »

Crypto currencies

China Bans Crypto Trading and Mining, Sending Bitcoin Tumbling

China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten agencies, including the central bank, financial, securities and foreign exchange regulators, vowed to work together to root out “illegal” cryptocurrency activity, …

China Bans Crypto Trading and Mining, Sending Bitcoin Tumbling Read More »

Bitcoin cryptocurrencies

Bitcoin Falls Nearly 10% as El salvador Adopts it as a Legal Tender

The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May. The price action comes as El Salvador adopted the largest cryptocurrency by market capitalization as legal tender, becoming the first country to do so. Bitcoin dropped as much as 16% on Tuesday morning to $46,892.04. The digital …

Bitcoin Falls Nearly 10% as El salvador Adopts it as a Legal Tender Read More »

El salvador Bitcoin ATMs

El Salvador Installs 200 ATMs for Conversion Ahead of Bitcoin Rollout

El Salvador has begun the installation of Bitcoin ATMs, which will allow its citizens to convert the cryptocurrency into U.S. dollars and withdraw it in cash, as part of the government’s plan to make the digital coin a legal tender. The government will install 200 of the teller machines to initially accompany its digital wallet …

El Salvador Installs 200 ATMs for Conversion Ahead of Bitcoin Rollout Read More »

xiaomi bitcoin

Xiaomi Store Starts Accepting Bitcoin and Other Crypto currencies as a Form of Payment

Xiaomi, the Chinese tech giant, is now set to receive payment from Bitcoin, Ethereum, Tether, and even Dash for the purchase of a smartphone, smartwatches, along with other smart home products and devices. Xiaomi has partnered up with Utrust, a Swiss cryptocurrency payment service provider, to support payment via digital assets in the region. “We …

Xiaomi Store Starts Accepting Bitcoin and Other Crypto currencies as a Form of Payment Read More »

Jack Dorsey

Jack Dorsey Confirms Square is Considering a New Hardware Bitcoin Wallet

Square CEO Jack Dorsey has confirmed that the company is looking into building a hardware bitcoin wallet that will give consumers greater control over the cryptocurrency they own. “Square is considering making a hardware wallet for bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration …

Jack Dorsey Confirms Square is Considering a New Hardware Bitcoin Wallet Read More »

Bitcoin

MicroStrategy Purchases Additional Bitcoins Currently Holding Over 105,000 Bitcoins

MicroStrategy has announced that it has purchased an additional approximately 13,005 bitcoins for approximately $489 million in cash at an average price of approximately $37,617 per bitcoin, inclusive of fees and expenses. However, shares of the Virginia-based enterprise software company closed down 9.7% Monday, mirroring a similarly sized slide in the price of bitcoin. The cryptocurrency …

MicroStrategy Purchases Additional Bitcoins Currently Holding Over 105,000 Bitcoins Read More »

South Africa

South Africa to Embrace Crypto currency Trade and Investment Laws

South Africa is set to officially embrace cryptocurrency trade and investment laws, with its financial and capital markets regulators predicting an increase in crypto activity in the country. The move by the regulators is a result of the rapid rise in crypto-trade in South Africa and rising fraud cases where a ransom is demanded in …

South Africa to Embrace Crypto currency Trade and Investment Laws Read More »

Bitcoin

World Bank Dismisses El Salvador’s Bitcoin Ratification Request

The World Bank on Wednesday said it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks. “We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes. While the government did approach us for assistance on bitcoin, this is not something the World Bank can support …

World Bank Dismisses El Salvador’s Bitcoin Ratification Request Read More »

Bitcoin

Tesla to Resume Bitcoin Payment for Cars, Tanzania to Prepare for Cryptocurrency

Bitcoin’s price surged after Tesla CEO Elon Musk said the electric vehicle maker could accept bitcoin transactions again in future. As of 11:09 p.m. ET Sunday, Bitcoin surged 10.2% to $38,903.23, according to data from Coindesk. Since the start of the year, BTC has surged more than 30%, though its current price is way off the all-time high …

Tesla to Resume Bitcoin Payment for Cars, Tanzania to Prepare for Cryptocurrency Read More »

Bitcoin

Bitcoin Falls Below $32K , Houbi Suspends its Services Due to China Crackdown

The bitcoin sell-off continued Monday following a roller-coaster week of trading as authorities in China and the U.S. move to tighten regulation and tax compliance on cryptocurrencies. Bitcoin fell roughly 16% to $31,772.43 by 12:27 p.m. ET, on Sunday according to Coin Metrics data. As of 6.00 A.M East African Time, the digital currency was …

Bitcoin Falls Below $32K , Houbi Suspends its Services Due to China Crackdown Read More »

Bitcoin Ethereum

Bitcoin, Ether Crashes as China Vows Crackdown on Cryptocurrencies

Bitcoin and other cryptocurrencies crashed on Friday after China announced a harsh clamp down on the market. The announcement by China means the country will do a crack down both mining and trading on bitcoin and other cryptocurrencies. In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation …

Bitcoin, Ether Crashes as China Vows Crackdown on Cryptocurrencies Read More »

Bitcoin

Bitcoin Slumps 30% to $31K before Rising Back to $40K after China Crackdown on Crypto currencies

Bitcoin, the world’s largest cryptocurrency by market capitalization, slumped on Wednesday by 8.7%. BTC was above the 10-hour moving average and below the 50-day, a sideways signal for market technicians. The total drop for bitcoin in the past 24 hours was 26.7%, going from a high of $43,602 around 21:15 UTC to as low as …

Bitcoin Slumps 30% to $31K before Rising Back to $40K after China Crackdown on Crypto currencies Read More »

bitcoin Tesla

Bitcoin Declines Sharply after Elon Musk Fails To Deny Tesla has Sold its Bitcoin

Bitcoin took a 3.7% drop to near $45,100 Sunday afternoon EST after Tesla CEO Elon Musk did not outright deny that the electric car has sold or could soon sell all of its bitcoin (BTC, -13.06%) holdings after the criticism Elon Musk received after suspending the digital asset as a form of payment. Bitcoin, the largest …

Bitcoin Declines Sharply after Elon Musk Fails To Deny Tesla has Sold its Bitcoin Read More »

Ether

Ether Breaks above $3K , Top Nigerian Hotel Accepts Payment in Bitcoin

Ether  (ETH), the second-largest cryptocurrency by market capitalization, went above $3,000 Sunday for the first time in history. At press time, ether’s changing hands at $3,085.97, up more than 5.6%  in the past 24 hours. Ether’s impressive gains came as the demand for digital currency has soared. The total market capitalization for decentralization finance (DeFi) …

Ether Breaks above $3K , Top Nigerian Hotel Accepts Payment in Bitcoin Read More »

Bitcoin

Bitcoin Drops Below $50,000 Amidst Rising U.S Tax Worries, Ether Follows

Bitcoin has fallen beneath the $50,000 psychological support line hitting its lowest point in 48 days. Bitcoin (BTC) is currently exchanging hands at $49,254.83 as of 10.00 A.M East African Time, a 9% drop over the last 24 hours. “On-chain data suggests we’re still in a long-term bull market in the short-term, we might have …

Bitcoin Drops Below $50,000 Amidst Rising U.S Tax Worries, Ether Follows Read More »

Bitcoin

Bitcoin Tumbles Shortly After Reaching All-time High, Ether and Altcoins Follow

Bitcoin’s price edged lower after the largest cryptocurrency reached an all-time high on Wednesday trading at around $64,717.01 hours before Coinbase shares began trading on the Nasdaq. However, shortly after the digital currency slipped 2.34% and is currently trading at $ 62,831.23 as of 11.00 AM East African Time. The Coinbase listing is seen to …

Bitcoin Tumbles Shortly After Reaching All-time High, Ether and Altcoins Follow Read More »

Bitcoin Elon

Bitcoin Hits an all time High of $62K Following Coin base Expected Listing

Bitcoin, the largest cryptocurrency by market capitalization, surged by 3 % on Tuesday, reaching an all-time high of $62,218.94 as of 12.00 PM EAT with a market cap of $1.173 trillion. Effect of Coinbase IPO on Bitcoin Analyst have attributed the surge in the digital currency to the Coinbase direct listing on Wednesday. The listing, …

Bitcoin Hits an all time High of $62K Following Coin base Expected Listing Read More »

Bitcoin

Bitcoin Declines; Tesla Opens Bitcoin Option, Fidelity Applies For ETF

Bitcoin (BTC) declined on Thursday, as the rally recorded yesterday when Elon Musk announced that the company would start accepting payment in the digital currency was shortlived. The digital currency was trading around $52,657.04 as of 12.36 PM East Africa Time. Slipping 6.72% bitcoin’s 24-hour range: ?$56,450.51- $52,657.04 Tesla Opens Bitcoin Option For its Customers …

Bitcoin Declines; Tesla Opens Bitcoin Option, Fidelity Applies For ETF Read More »

Bitcoin BTC

Bitcoin Steady at $54K as Visa Taps Deeper into the Cryptocurrency.

Bitcoin (BTC) was trading around $54,680 as of 12:50 UTC (8:50 p.m. ET), after falling late Monday to around $53,715, the lowest since March 16. The largest cryptocurrency fell 5.8% over the previous 24 hours. Bitcoin’s 24-hour range:? $58,407.62 -$53,795.15 Visa Taps Further into Bitcoin The decline in the digital currency comes at a time when …

Bitcoin Steady at $54K as Visa Taps Deeper into the Cryptocurrency. Read More »

Crypto currencies

Bitcoin’s Price Spirals as Chinese Firm Meitu Announces $50Million Purchase

Bitcoin’s price spiralled on Wednesday as the cryptocurrency continues to receive support from investors amidst the Feds Reserve decision to keep interest rates close to zero this year. Bitcoin (BTC) was trading around $57,745.58 as of 20:00 UTC (4 p.m. ET). Climbing 3.68% over the previous 24 hours. Bitcoin’s 24-hour range: $54,201.70-$58,078.51. After consolidating for a …

Bitcoin’s Price Spirals as Chinese Firm Meitu Announces $50Million Purchase Read More »

Bitcoin

Bitcoin Extends Losses as JPMorgan Eyes Clearing House Options for Cryptocurrencies

Bitcoin extended it’s decline on Tuesday as a rally that took it past $61,000 over the weekend unwounded, reminding investors of the digital token’s high volatility. Bitcoin slid by 5.5% on  Tuesday and was trading at about $54,300 during early trading hours in Asia. The cryptocurrency had hit a record high of $61,781.83 on Saturday …

Bitcoin Extends Losses as JPMorgan Eyes Clearing House Options for Cryptocurrencies Read More »

Bitcoin Ether

Bitcoin’s Price Falls to $48K as Fed Jerome Powell Makes no New Promise on Inflation

Bitcoin’s price fell by the most in a week after U.S. Federal Reserve Chair Jerome Powell acknowledged he “would be concerned” by tightening financial conditions because rising U.S. government bond yields put upward pressure on borrowing costs. Bitcoin was  trading around $48,204 as of 21:15 UTC (4:15 p.m. ET). Declining 4.5% over the previous 24 …

Bitcoin’s Price Falls to $48K as Fed Jerome Powell Makes no New Promise on Inflation Read More »

Bitcoin BTC

Bitcoin Soars Past $52k as Analyst Warn on Volatility

The price of bitcoin hit a record high above $52,000 on Wednesday, with a market capitalization nearing $1 trillion. Bitcoin (BTC) was trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours Bitcoin’s 24-hour range: $48,430.80-$52,536.47  The price has rocketed by about 78% in 2021, continuing an astonishing rally after …

Bitcoin Soars Past $52k as Analyst Warn on Volatility Read More »

Bitcoin BTC

Bitcoin Soars Past $50K Amidst Growing Support by Global Corporations

Bitcoin’s price broke above $50,000 for the first time in history on Tuesday, continuing its impressive rally as major companies appear to be warming up to cryptocurrencies. The world’s largest digital currency by market value rose more than 3% to an all-time high of $50,487 at about 7:30 a.m. ET, according to data from Coin …

Bitcoin Soars Past $50K Amidst Growing Support by Global Corporations Read More »