Facebook is reportedly preparing to launch its own version of bitcoin, for use in its messaging applications, WhatsApp, Messenger and Instagram. There are good reasons to be sceptical about its potential.
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As if cryptocurrencies haven’t been through enough already, they may be poised for yet another leg down.
Bitcoin’s painful 2018 crash continues, with the original cryptocurrency touching the lowest in more than a month on Monday.
The production-weighted cash cost to create one bitcoin averaged around US$4 060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.
Regulation can help customers and existing financial institutions gain more comfort in cryptocurrencies and drive the adoption of bitcoin. By Angus Brown.
As crypto assets such as bitcoin continue to enjoy popularity among speculative investors, the South African Reserve Bank has kick-started the process for “light regulation” of these products.
Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what bitcoin has proved incapable of: processing thousands of transactions a second.
Cryptocurrencies dropped on Thursday as bitcoin gave up the $4 000 level it’s hovered around since the start of the year.
Bitcoin rallied above $4 000 on Friday, leading the broad cryptocurrency market higher as the biggest digital asset headed for its best week in a year.
Just as the euphoria surrounding bitcoin was peaking last December, Mark Dow decided to short the leading digital currency. Almost a year to the day, he has closed out the trade.