Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
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The hostility toward Facebook’s libra cryptocurrency appears to be weighing on the sentiment for bitcoin.
Facebook has a warning for those in Washington determined to derail the company’s plans for creating a cryptocurrency: doing so would be a huge win for China.
A class-action complaint accuses the companies behind the stablecoin tether of “propping and popping the largest bubble in history”, leading to disappearance of $265-billion in cryptocurrency wealth.
There will be another bull market, much larger than the first one, where the potential is finally realised. And we won’t have to wait 20 years for the second act.
What’s the world’s most widely used cryptocurrency? If you think it’s bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong.
Bitcoin extended its five-day losing streak on Thursday and dropped below $8 000 for the first time since June as a growing list of concerns weighed on crypto assets.
Bitcoin fell 17% to as low as $8 088 in New York on Tuesday, the biggest intraday drop since January 2018 and its first time below $9 000 since mid-June,
The subset of digital assets dubbed privacy coins, which have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation.
The most exciting innovation in initial distribution of cryptocurrency in 2019 is Handshake’s directed airdrop.