The results of MicroStrategy’s dodgy experiment with bitcoin have been scary – all the more so because of CEO Michael Saylor’s wilful blindness to the consequences.
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US crypto firm Nomad has been hit by a $190-million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year.
Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels.
One of the most common criticisms of cryptocurrency is that it is just a way to get around financial rules and regulations. That’s a feature, not a bug.
The sale of Central African Republic’s first digital coin got off to a slow start, with just over 5% of the target bought in the hours after its launch.
Venture capitalists are pouring money into digital currency and blockchain start-ups at a pace that’s set to outstrip last year’s record.
Bitcoin rebounded after a brief selloff late on Wednesday, sparked by news that Tesla had sold about 75% of its holdings of the virtual token.
Bitcoin has rallied, trading above $22 000 for the first time since 8 June. Ether and other cryptocurrencies also spiking higher.
The relative stabilisation in the prices of cryptocurrencies is fuelling hopes that the contagion of 2022 may have run its course.
Cryptocurrency trading volumes have plummeted amid a dreadful first half of the year for the industry.