Cryptocurrency prices plummet, exchange transactions falter as obstacles arise; Bitcoin is down 17 percent

The price of cryptocurrencies plummeted and the crypto trade was delayed on Tuesday, a day when El Salvador struggled as the first country to adopt Bitcoin as its legal currency. Shares of blockchain-related companies also fell as encryption stocks were hit by disruptions in the trading platform. But the main focus was on El Salvador, … Read more

Bitcoin hits milestones of $51,000, the highest value for cryptocurrency in 4 months since losing in May

Bitcoin appears to be leading the global cryptocurrency market on a new rally following the release of the lackluster US jobs report last Friday (September 3). Bitcoin, the world’s largest and most popular cryptocurrency, climbed $50,940 (about Rs. 37.23 lakhs) in the day. On Monday afternoon (September 6th), the cryptocurrency price reached $51,809.55 (about Rs … Read more

Ether Price Upcoming $4,000 as Upgrade Soon, NFT Momentum Gathers Pace

Ether briefly rose above $4,000 on Friday amid a month-long rise around a major update, and as demand for non-fungible tokens continues to increase. The second-largest cryptocurrency rose to $4,027 on Friday, before reducing earnings. The price was $3,914 at 12:06 pm on Saturday in Hong Kong, trading at levels only previously achieved in May. … Read more

Should you invest in cryptocurrency?

Everyone wants to invest in encryption. Including my maid’s 14 year old son. Real story. always ask me as the to invest in encryption. But I think the most important question people should ask me is: “He must Do I invest in encryption? ”. Crypto is a new, small, highly immature and extremely volatile market. … Read more

Bitcoin’s 60 percent rise from July lows may be running out of steam

Bitcoin’s burst above the $50,000 level (about Rs. 37.1 lakhs) did not last long and chart patterns signal that its rally since July is at risk of weakening. The largest cryptocurrency fell 4.4 percent on Thursday to $46,588 (about Rs. 34.6 lakhs), with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index. … Read more

NFT sales rise as speculators pile up, skeptics see bubble

Sales of non-fungible tokens (NFT) surged in August, according to the biggest platform for the growing digital asset class, as speculators bet growing interest in the arts, sports and media worlds will keep prices rising. The niche cryptocurrency asset, which is a blockchain-based record of ownership of a digital item such as an image or … Read more

PayPal launches buying and selling of cryptocurrencies in UK

PayPal will allow customers in the UK to buy, sell and hold Bitcoin and other cryptocurrencies from this week, the company said on Monday. The launch, which marks the first international expansion of PayPal’s cryptocurrency services outside the United States, could inspire adoption of the new asset class. With more than 403 million active accounts … Read more

What are cryptocurrencies? Making sense of Bitcoin, Dogecoin, Ether and the rest

To understand cryptocurrency, you need to understand how money works and what makes these new assets useful and potentially usable as currency in the future. First, there was “physical” money – banknotes and coins. Then came e-Money – the numbers that appear in your e-banking apps. Both are government-issued. And then came cryptocurrency, a type … Read more

India, Vietnam, Pakistan among the top measures of cryptocurrency adoption by individuals: chain analysis

Global cryptocurrency adoption among individual investors has soared over the past year, according to cryptography analyst firm Chainalysis. Using factors such as peer-to-peer currency trading volume and value received, Chainalysis said global cryptocurrency adoption has increased by about 881 percent in the past 12 months. The company sees institutional markets as crucial, but aimed to … Read more

Cryptocurrency scheme involving $22 million discovered in UK, victims spread around the world

Cryptocurrencies worth $22.2 million (about Rs. 165 crores) were seized by UK police after a global fraud scheme was uncovered. They found pen drives containing large amounts of Ethereum, the second largest cryptocurrency in the world after Bitcoin. The Greater Manchester Police (GMP) said the scheme deceived people from the UK, the US, Europe, China, … Read more