VALR.com will offer ether-rand trading from next week as the cryptocurrency exchange, backed by former FNB CEO Michael Jordaan, ramps up its efforts to tackle Naspers-backed market leader Luno.
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Bitcoin slumped back to the $10 000 level, extending a sell-off that’s erasing most of its monster gain from last week.
Visa, Mastercard and PayPal may have boosted the single, greatest risk they face – that of tougher regulation – by becoming early backers for Facebook’s new digital money, called libra.
Thinking of jumping into bitcoin? If this week’s boom and bust trading didn’t scare you away, you might want to do so on a Saturday or Sunday.
This week’s jump in bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them: enormous volatility and exchange overloads.
Among Facebook’s justifications for introducing a new digital currency, libra, the company has offered one pious rationale: to connect the 1.7 billion adults who lack bank accounts to the global financial system.
Bitcoin’s 60% rally since May recalls the heady 2017 surge that made cryptocurrencies part of the public consciousness. But while prices are going a crazy, the pop culture zeitgeist isn’t quite as giddy.
Bitcoin’s furious run is starting to look more and more like it did at the height of crypto-mania two years ago.
Facebook’s libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators – but it’s not meant for them.
Bitcoin continued its stellar rally on Wednesday, surpassing the $12 000 level for the first time in almost a year and a half.