Amid reports that people in Argentina are buying Bitcoin to protect themselves from inflation, billionaire banker Uday Kotak today wondered whether the cryptocurrency is better than the Argentinian peso with 276% inflation. “When countries manage macro badly, savers move to protect the value of their savings. Traditionally it was gold. Now bitcoin too! While I … Read more
Bitcoin has been moving less in tandem with tech stocks as sentiment around equities and cryptocurrencies diverges. The world’s largest cryptocurrency has been stuck below the $27,000 level this week, while the tech-heavy Nasdaq 100 has climbed 3.5%. The 40-day correlation coefficient for Bitcoin and the tech gauge slid to 0.19 on Friday, the lowest … Read more
Amid this year’s rally, Bitcoin has resumed one of its old habits: it’s back to posting big moves on weekends, a phenomenon that’s become an intriguing characteristic of the cryptocurrency market. Take last Sunday, when it gained 3.4%, a similar amount to what it notched the Saturday on the weekend prior. And the Saturday before … Read more
Alyssa Blackburn, a data scientist at Rice University and Baylor College of Medicine in Houston, has spent several years performing digital detective work with her trusty lab assistant, Hail Mary, a shiny black computer with orange trim. She has been collecting and analyzing leaks from the bitcoin blockchain, the immutable public ledger that has recorded … Read more
Along a dirt-covered road deep in Texas farm country, the cryptocurrency company Argo Blockchain is building a power plant for the internet age: a crypto “mining” site stocked with computers that generate new bitcoins. But unlike other bitcoin mining operations, which consume large quantities of fossil fuels and produce carbon emissions, Argo claims it’s trying … Read more
Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country’s financial institutions. After initially falling to around $34,000 following Russia’s advance into Ukraine last week, bitcoin pushed about 10% higher on Monday and is now up … Read more
Bitcoin (BTC) on Friday rose above the $60,000 level for the first time since April as investors celebrated the anticipated US SEC approval for trading of Bitcoin futures exchange traded fund (ETF) in the coming week. BTC’s daily high of $62,600 brought it within 4 per cent of its all-time high of $64,800 with its … Read more
Bitcoin is flirting with a run toward its all-time high after jumping more than 90% since a low in July. The largest cryptocurrency was trading just above $57,000 as of 7:52 a.m. in London, some $7,700 shy of its April record. A recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the … Read more
NEW DELHI: As Indian banks and cryptocurrency exchanges continue their love-hate relationship, with some lenders showing strong aversion to associating with these bourses, one crypto exchange has found an innovative way to draw investors. After launching a product that allows investors to deposit cryptocurrencies like bank fixed deposits to earn interest, ZebPay has decided to … Read more
LONDON: A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies. The Financial Conduct Authority (FCA) banned Binance, one of the world’s biggest crypto exchanges, on Friday from conducting any regulated activity in Britain as regulators across the world bolster oversight … Read more