Cryptocurrency

Bitcoin surged above $40,000 on Monday, after fresh swings over the weekend following tweets from Tesla CEO Elon Musk, who responded to criticism over his impact on the market and said that Tesla has sold its bitcoins but may resume trading with it. Bitcoin has wobbled at Musk’s views for …

Bitcoin has now recovered and it has managed to reach the end of a journey of struggle, after passing the $34,000 levels and breaking the $35,000 threshold. The recent Bitcoin uprising came today, Wednesday, after the historic approval of the Parliament of El Salvador on a law making Bitcoin the …

The authorities in China’s Zhangjiajie Province on Wednesday issued a notice to officials in one of the prominent bitcoin mining centers in the region to stop all their activities related to mining bitcoin and cryptocurrencies. The notification to the authorities stated that the new instructions were based on the strict …

El Salvador has become the first country to adopt bitcoin as a legal currency after lawmakers in Congress voted overwhelmingly in favor of the bitcoin law. The purpose of this law is to regulate bitcoins as a legal currency with unrestricted liberalization authority, and unlimited in any transaction. Prices can …

Data from cryptocurrency management CoinShares released Monday showed that bitcoin funds and products saw a record outflow of inflows last week as investors remained wary of the world’s largest cryptocurrency. Bitcoin outflows amounted to $141 million in the week ending June 4th, representing 8.3% of the net inflows it attracted …

Dogecoin surged on Wednesday after media reports indicated that Coinbase will allow, through its own platform, trading the meme-based cryptocurrency units. Coinbase reportedly announced yesterday that accepting inbound transfers of Dogecoin Coinbase Pro, according to Reuters. Dogecoin surged by more than 30% to exceed $0.41. The world’s sixth largest cryptocurrency, in …

The European Central Bank (ECB) said on Wednesday that creating a digital Euro (EUR) could boost global demand for the currency, making it easier for broader use, Reuters reported. “Safety, low transaction costs and bundling effects, could ease international adoption of a currency.” “Transparency or selective privacy would enable better …

Ether, the cryptocurrency of the Ethereum platform and the second-largest digital currency in the world, surged by more than 10% over the past 24 hours to trade near $2,623. Despite today’s rise, Ether remains far from its all-time record high of $4,300, but it has recovered from most of its …

Cryptocurrency Ethereum is up more than 5% today to $2,523 but remains more than 40% below its record peak above $4,300 recorded this month. The currency rose 4.1% to $ 2495.69 in morning trading. As for its rival Bitcoin, the largest and most famous cryptocurrency in the world, it rose …

Bitcoin fell on Friday by more than 5% to trade near $36,340, as cryptocurrencies showed high selling pressures. The world’s largest digital currency has now lost about 4.6% over the past seven days. In a similar way, Ethereum plunged by about 7.7% to $2,515, but remained higher on a weekly …