Tag: Cryptocurrency
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Bitcoin Recovers, Gains $211 billion in 2023
The market capitalisation of Bitcoin has risen by $211.32bn in the first 76 days of 2023. This is a 66.34 per cent increase in the time under review and an indication of recovery after the most popular cryptocurrency fell by 65.29 per cent in 2022. After falling to $16,547.50 as of December 31, 2022, BTC…
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Hackers Attack Binance Smart Chain, Stole $100m
The largest cryptocurrency exchange in the world, Binance, reported on Friday that scammers had stolen cryptocurrency worth about $100 million. The entire amount taken was $580 million, but according to firm chief Changpeng Zhao, over 80% of it had been instantly frozen, and the harm was just about $100 million. He tweeted that “an…
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Bitcoin Drops 8% to slip below $22,000
Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning, at around 0640 GMT. It recovered slightly then continued its downward trajectory to trade around $21,400 at 1138 GMT, down 8.2% on the day. Ether…
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Google to Deprioritize Unoriginal Content with Improved Search Results
Google is readying a wide-reaching search engine update that it says will improve the quality and authenticity of results. In a new blog post, the company describes a series of changes set to roll out in the coming months, the broad objective of which is to crack down on “SEO-first” content designed to perform well…
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Bitcoin falls below $30,000, lowest since July 2021
Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world’s largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a recent collapse in price as…
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Crypto On Track To Take Over Financial Markets in 10 Years – Survey
According to a ‘Crypto Pulse’ survey by crypto exchange, Bitstamp, whose summary was published yesterday, the crypto space is on track to become a mainstream industry in the next decade. As the adoption of cryptocurrencies intensifies and digital assets become increasingly more accepted by organizations and corporations, the study found that investors, both retail and…
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Crypto Transactions: CBN Penalizes three Banks N800m
A sum of N800m fine has been imposed on three Nigerian Banks by Central bank of Nigeria (CBN) for violating the regulations barring customers from transacting cryptocurrencies. This is contained in a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report…
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FC Barcelona Announces Plans to Create its Own Cryptocurrency
Spanish football giant, FC Barcelona, has joined the list of sporting organizations that have embraced cryptocurrency, joining top English club Manchester City, who announced a partnership with Sony, allowing them to build a virtual replica of the Etihad Stadium in the Metaverse. FC Barcelona’s recently announced blockchain plans are not the club’s first foray into…
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Digital Platform Raises Charity Funds with NFTs for Ukraine
Ikonia, a Kyiv and Gothenburg-based digital platform, has announced that it will be selling 43,287,512 NFTs, one for each citizen of Ukraine. This launch of the NFT sale, called ‘Stand With Ukraine’, raises money for charities in the embattled country. More than 43 million editions of the NFT will be sold for $10 each; at…
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India Legalizes Crypto, Unveils 30% Tax on Sale of Digital Assets
India has announced plans to begin taxing income from digital assets on Tuesday, February 1, 2022, while also setting out plans for the launch of its own digital currency. The Indian government also unveiled a tax of 30% on the sale of crypto assets in a move that brings more clarity to the regulatory…