On Wednesday, the world’s most popular cryptocurrency, touched its zenith of $35,000 for the very first time extending a rally that has seen the digital currency surge by more than 800% since mid-March. Bitcoin touched a high of $35,879 on Wednesday. On December 16, it had breached the $20,000 threshold for the first time.
In a significant development, Bitcoin extended its bull run smashing its previous record and surging over $30,000 for the very first time; investors and traders are betting that the digital currency is on its way to becoming a mainstream payment method. On Saturday, Bitcoin, the world’s most popular cryptocurrency traded as high as $33,099 with…
Despite facing intense scrutiny from global regulators, Facebook’s Libra project saw Singapore state investor Temasek Holdings joining the cryptocurrency project. Financial regulators are worried that the Libra project when launched could erode national control over money. Late on Thursday, Switzerland-based Libra Association, which manages the Facebook-backed digital currency project, announced Temasek entry into the project.…
In a statement, Facebook’s Libra Association said, Britain’s Vodafone Group PLC has left its global digital currency initiative. In recent months, Facebook’s digital currency has seen an exodus of its backers midst increased regulatory scrutiny, including financial companies such as Mastercard Inc and Paypal Holdings Inc. In June 2019, Facebook had announced a plan to…
China is treating blockchain technology as a foundational building block for future science and technology innovations. Late on Saturday, in a development that marks China gearing up to launch its own digital currency, the country’s rubber stamp parliament passed a new law on cryptography, reported state media late on Saturday. In 2014, China’s central bank…
Investors who lost out due to the $530 million heist, will now be reimbursed. On Thursday, Japanese cryptocurrency exchange Coincheck Inc, stated from next week, it plans on reimbursing lost digital monies to investors who were affected by the $530 million heist. Coincheck also stated, it plans on resuming services for some cryptocurrencies starting from…
While traditionally, digital currencies such as the bitcoin, have always been decentralized and provide anonymity to the holder of the currency, Israel’s digital currency is likely to be centralized and compliant with existing money laundering laws. Israel’s central bank, the Bank of Israel, stated it is examining the possibility of issuing digital currency in order…
Although crypto currencies are yet to go mainstream, the fantastic appreciation of the value of the Bitcoin is pushing many central banks to issue their own digital currency. On Thursday, Yves Mersch, a member of the European Central Bank’s executive board stated, if banks were to speed up the introduction of instant payments it would…
The value of bitcoins has jumped by 100% in 2017. On Monday, Bitcoin’s vertical ascent showed no signs of slackening with the digital currency soaring to yet another record high, just short of the $10,000 mark. The cryptocurrency has gained more than a fifth of its value in the past three days. Since the beginning…
The R3 project is likely to be a significant milestone in the history for blockchain technology. On Tuesday, in a significant development, twenty two of the world’s biggest banks have come together to collaborate on developing an international payments system that would allow existing central bank currencies and any new digital ones to be transacted…
