Facebook’s libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.
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Bitcoin climbed to its highest since November as the debut trade of options linked to the digital currency boosted sentiment.
Whether a planned reduction in rewards for mining bitcoin will boost prices or it’s already factored in is dominating discussions across mediums from Twitter to analyst reports.
Bitcoin climbed to the highest since November after breaching the $8 000 price level. Concerns about an escalation in the conflict between the US and Iran are seen as contributing to the rally.
Emerging out of the ashes of the financial crisis, bitcoin was created as a bypass to the banks and government agencies mired in Wall Street’s greatest calamity in decades. It proved to be the decade’s best-performing asset.
Bitcoin dropped below $7 000 for the first time since November, with the sell-off pushing the cryptocurrency to its lowest level since May.
Three men have been charged by US prosecutors with helping run a $722-million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme”.
Promoted | Centbee believes that regulation supporting cryptocurrencies is necessary to protect customers and will actively support rules that make cryptocurrency safe for customers to use every day.
Blockchains. They’re all the rage. The fervour of blockchain believers has been matched only by the furious scepticism and dismissal of its naysayers. Can we just stop? Please! By Cayle Sharrock.
For better or worse, the month of November has always been one to remember in the world of bitcoin.