British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “britcoin”, or central bank-backed digital currency.
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Turkey’s central bank has banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing “irreparable” possible damages and significant risks in such transactions.
The evolution of digital assets such as cryptocurrencies brings phenomenal potential to change the financial industry, but with this comes certain challenges that have to be overcome. By Wiehann Olivier.
Coinbase Global was valued at $86-billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112-billion.
Coinbase Global, the biggest US cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.
Promoted | Bitcoin hit a record above $63 000 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the US.
Binance coin has strengthened its position as one of the world’s largest cryptocurrencies after a 53% rally in the past seven days to the third spot behind bitcoin and ether.
Crypto exchange iCE3 said it had been “advised to initiate liquidation proceedings” after suspending all trading on the exchange in March following the discovery of account discrepancies.
The cryptocurrency market capitalisation hit an all-time peak of $2-trillion on Monday as gains over the last several months attracted demand from both institutional and retail investors.
PayPal will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.