Cryptocurrencies

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 …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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TikTok

TikTok Bans Advertisements by Cryptocurrency Influencers

Social media giant TikTok has taken a drastic step toward not only banning cryptocurrency influencers on its platform but all creators promoting financial services. These include, but are not limited to, cryptocurrencies, buy now pay later companies, loans, credit cards, and Forex companies. The move is aimed at halting a growing tide of unsuitable high-risk …

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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 …

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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 …

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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 …

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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 …

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Wall Street

Wall Street Extends Decline Amidst Inflation Fears as Dollar & Bond Yields Jump

Wall Street suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest level in nearly 12 years, prompting bets on earlier interest rate hikes. A 0.8% jump in the U.S. consumer price index – outpacing a 0.2% …

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Tala Visa

Tala Partners with Visa to Offer Crypto to the Unbanked

Global payments giant, Visa, has partnered with Tala, a mobile lending service in emerging markets, with a particular focus in Kenya, to bring the USDC stablecoin to the underbanked population. The companies announced that the idea behind this partnership is to provide easier access to cryptocurrencies for underbanked consumers, beginning with USD Coin (USDC), a stable-coin …

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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) …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Visa

Visa Signals Further Cryptocurrency Ambitions With API Pilot for Banks

Visa is examining a suite of application programming interfaces (APIs) to allow banks to offer Cryptocurrency services. In a press statement, the payment giant said the Visa Crypto APIs pilot program will let clients “easily connect into the infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to …

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Bitcoin

Unknown Investors Transact $239 Million worth of Bitcoin, as BTC Tumbles to $31,000

Data obtained from Whale Alert, a crypto analytic tracker, revealed that an unknown BTC whale transferred 7,500 BTC worth $238,801,020 transferred from an unknown wallet to an unknown wallet. A growing number of powerful investors have recently been increasing their transactional volume in Bitcoin’s market, triggering the flagship crypto to trade $31,000 price level. Global …

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