Bitcoin recently exceeded the $23,000 mark – an all-time high – which has set the global investment community buzzing. Ethereum, the world’s second largest cryptocurrency by market capitalization, also went past $660, indicating
As at 08:33 GMT, the crypto-currency rose by 6.5% to $22,765.
Global stock markets and prices of oil rose on Tuesday as Bitcoin fell to its lowest in almost a month, slumping below $30,000. Wall Street’s main indexes jumped on Tuesday,
Monthly cryptocurrency transfers to and from Africa of under $10,000 - typically made by individuals and small businesses - jumped more than 55% in a year to reach $316 million in June, the data from U.S. blockchain research firm Chainalysis shows.
World shares rose to just below record peaks on Tuesday after factory surveys boosted expectations of a recovery from the COVID-19 downturn, with drugmakers seeking fast approval for vaccines and authorities looking
Since mid-March, bitcoin has surged to about 800%. Its supply is capped at 21 million, making investors see it as a shield against inflation as governments keep injecting stimulus into the economy.
Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, with investors betting that ether will be of ever greater use in a decentralised future financial system.
Bitcoin regained some of the losses sustained after Elon Musk said that Tesla would stop accepting the digital tokens as payment for its cars, and was trading at nearly $50,000 on Thursday.
In mid-April, nearly 150 local environmentalists marched to the gates of Greenidge Generation, a Bitcoin mining facility in upstate New York, in a last-ditch effort to block its expansion. Their objection: that the creation of the cryptocurrency, an energy-intensive