United Nations Urge Kenya Implement Cryptocurrencies Tax Regulations.
The UN trading agency also directed that banks and related organizations should be advised not to hold cryptocurrencies and related products for their clients.
Cryptocurrencies
Crypto Crash Continues as Tether Drops Below USD Value at $0.97
Cryptocurrencies faced a major meltdown as the drop in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through markets on Thursday.
Bitcoin rallies 13% amidst growing sanctions on russia
Bitcoin was up more than 13% at $43,500.16 as of 3:03 a.m. ET after hitting a high in the past 24 hours of $44,165.90, according to CoinDesk data.
Bitcoin Dips by 2.3% Even as Technical’s Show Most Cryptocurrencies are in Oversold Territory
Bitcoin price started a major decline below the $42,000 and $40,000 support levels. BTC gained pace below the $38,000 level to move further into a bearish zone.
Crypto currencies Plunge as India Plans to Ban Private Tokens
Crypto currencies counters in the Indian exchanges plunged sharply after the reports said the government is coming out with a bill that will ban most private tokens. Bitcoin fell as much as 17 per cent, Ethereum was down 14 per cent, Dogecoin over 20 per cent and Polkadot 14 per cent. Even dollar-pegged token Tether …
Crypto currencies Plunge as India Plans to Ban Private Tokens Read More »
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 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 »
Shiba holder Bought $8,000 worth of SHIB in August 2020 now Worth $5.7 billion
The reason behind the bullish momentum of Shiba Inu, is as a result of an increase of user access via listings on multiple crypto exchanges
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 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 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 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 »
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 »
Analyst Predict Bitcoin Will Reach $100k Level in Early 2022
Analysts at British bank Standard Chartered predict that Bitcoin’s price could reach $100k by the end of 2021 or early next year while Ether could hit $10k by then. The digital currency has been trading close to the $50k region, but analysts at Standard Chartered believe that its price could double in the coming months. …
Analyst Predict Bitcoin Will Reach $100k Level in Early 2022 Read More »
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 »
Bitcoin Rallies 1.5% as El Salvador Adopts the Cryptocurrency as Legal Tender.
The bitcoin adoption idea has been to place 200 ATMs where El Salvador citizens can exchange Bitcoins for US dollars and withdraw cash.
Bitcoin Hits 3.5-Month High Over $50K as Ether Tops $4K
Cryptocurrency markets were buoyed by a fresh wave of bullishness Monday, as bitcoin rose for a sixth straight day to a three and a half-month high of over $50,000 and ether (ETH), the native token of the Ethereum blockchain, pushed past a key psychological level of $4,000. Bitcoin climbed to as high as $51,000 on …
Bitcoin Hits 3.5-Month High Over $50K as Ether Tops $4K Read More »
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 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 »
Bitcoin Continues Trading Lower, Ether and Dogecoin Follow
The price of bitcoin ( BTC) dropped below $30,000 late Monday night for the first time since Jun. 22, dragging other digital coins lower with it. Bitcoin was trading in the $29,000 range, about 3% lower on the day. However, despite the plunge, bitcoin is currently trading at $30,833.49, a 3.2% rise as of 12.00 …
Bitcoin Continues Trading Lower, Ether and Dogecoin Follow Read More »
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 »
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 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 »
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 »
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 »
El Salvador Formally Adopts Bitcoin as Legal Tender
El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal. In an early Wednesday vote, a supermajority of the nation’s legislature voted in favour of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin. Sixty-two members of the …
El Salvador Formally Adopts Bitcoin as Legal Tender Read More »
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, 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 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 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 »
Tesla Suspends Bitcoin Car Purchases Over Environmental Concerns
Tesla CEO Elon Musk has announced that Tesla would be suspending the option to pay for vehicles using Bitcoin. In a tweet, Elon Musk said Tesla had suspended vehicle purchases using BTC out of concerns of rapid usage of fossil fuels in mining and transactions. “Tesla has suspended vehicle purchases using Bitcoin. We are concerned …
Tesla Suspends Bitcoin Car Purchases Over Environmental Concerns Read More »
Ether Soars Above $4,000 a New all time High.
Ether[ ETH], the second-largest cryptocurrency by market capitalization, has reached an all-time high of $4,000. As of 10.00 A.M East African Time, ether was trading at $4,130.26, a 4% gain. ETH, which has been on a gaining streak over the past weeks, recorded a 36% weekly gain. The digital currency’s gain has been powered by …
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 »
Ether Jumps to all Time High of $2,700, Bitcoin Hits $55K Mark
Ethereum, the second-largest cryptocurrency by market capitalization, was up on Wednesday, trading around $2,589.10 as of 10.00 A.M East African Time, a 1.4% rise following a more than 5% rally the previous day. Ether rose Tuesday to a record high price near $2,700 after a powerful three-day rally. The new high came after …
Ether Jumps to all Time High of $2,700, Bitcoin Hits $55K Mark Read More »
Bitcoin Climbs Above $52K , Valkyrie Digital Assets to Launch Bitcoin ETF
For the first time in six days, Bitcoin rose past $52,000 as bulls pushed prices higher in early Asia trading hours Monday. In a rally that appeared to start around 22:00 UTC (6 p.m. ET) on Sunday, bitcoin (BTC) bounced off a seven-week low around $47,655, subsequently printing some of its largest hourly gains in …
Bitcoin Climbs Above $52K , Valkyrie Digital Assets to Launch Bitcoin ETF Read More »
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 Tumbles From Record High, Ether and Dogecoin Follow
The price of bitcoin tumbled over the weekend and was down as much as 19.5% from record highs of $ 62,000 posted by the largest cryptocurrency in the past week. On Sunday, Bitcoin tumbled more than 11%, its biggest 24-hour Decline dropping from about $62,000 to $55,000, its lowest level since the end of March. …
Bitcoin Tumbles From Record High, Ether and Dogecoin Follow Read More »
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 »
Coinbase Listing Price Set at $250, Pre-Listing Futures Soar
The share price valuation puts Coinbase at a whooping 65.3 billion U.S Dollars on listing.
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 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 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 »
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 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 Flat at $60,000 as India Proposes Law to Ban Digital Assets
Bitcoin, however, has more than doubled in 2021, following high-profile endorsements this year from the likes of Tesla’s Elon Musk, Twitter’s Jack Dorsey, and investment giants Goldman Sachs and BlackRock.
Bitcoin Rallies to Touch a new All-time-high of $60,000
The latest rally of Bitcoin up at $60,000 lifts bitcoin’s market cap to $1.12 trillion, not so far below the $1.385 trillion value of Alphabet (Google).
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 Climbs Back to $50K as Ether Gains Momentum
Bitcoin rose 5% on Wednesday to just above $50,000. Traders are now speculating whether the move represents a resumption of this year’s powerful bull market or simply a rebound following last week’s steep plunge to around $43,000. The largest cryptocurrency is now up 10% so far in March; this would mark the sixth straight monthly …
Bitcoin Climbs Back to $50K as Ether Gains Momentum Read More »
Bitcoin Crashes to Below $47K as Coinbase Files for IPO
Bitcoin price went as high as $52,076.32 in the past 24 hours, after more than 13,000 BTC, worth roughly $650 million, were moved out of Coinbase Pro exchange Wednesday afternoon.
Bitcoin Reverses Loss on MicroStrategy Purchase, Steady at $50K
Bitcoin’s price soar from Wednesday, was sustained through early trades on Thursday after the world’s largest cryptocurrency experienced a sharp sell-off earlier in the week
Bitcoin Crashes to $45K, Square Increases BTC Holding
Bitcoin’s price tumbled on Tuesday, bringing the cryptocurrency’s decline since Sunday to slightly over 20%, as the virtual coin traded below $45,000
Bitcoin Plunges 19% in Reaction to Elon Musk, Yellen Sentiments
Bitcoin has seen a staggering price rally, rising from $10,000 to nearly $60,000, with just one bull market correction in the second half of January.
Bitcoin Races Past $58K Even as Elon Terms Price as “Seems High”
Bitcoin has made steady stream of new highs for months, with this being the highest ever to a record $58,354, taking its weekly gain to around 20%.
Bitcoin Races to New-Highs above $56K, Ether Gains
Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalization cross $1 trillion a day earlier according to data from trading platform Bitfinex racing past the $52k posted on Friday. The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. …
Bitcoin Races to New-Highs above $56K, Ether Gains Read More »
Bitcoin Flat at $ 52K as Ether Gains Momentum
Bitcoin hovers around $52,000 as markets wait and see whether the current price level will be held in the next few weeks. Bitcoin (BTC) trading around $52,124.59 as of 11.00 p.m. Slipping 0.32% over the previous 24 hours. Bitcoin’s 24-hour range: $50,941.99-$52,621.84 The price of bitcoin hit a record high above $52,000 on Wednesday, …
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 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 »
Bitcoin Rallies to $49K as Canada Approves First Bitcoin ETF
Bitcoin on Sunday morning hit a new high of $49,716.44 a 6.2% rise from Saturday’s price range. This came after a week of positive developments regarding increased Wall Street acceptance of the leading cryptocurrency according to market value While there does not seem to be any specific reason for the move, the record comes when …
Bitcoin Rallies to $49K as Canada Approves First Bitcoin ETF Read More »
Tesla drives Bitcoin to a New High of $47K
The world’s largest cryptocurrency by market capitalization, bitcoin has rallied to an all time high blowing past $45,000, $46,000 and $47,000 in less than an hour on Monday evening, driven by Tesla’s announcement that it had bought $1.5 billion of bitcoin. The electric vehicle maker said Monday in an annual report filed with the U.S. Securities and Exchange …