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Tag: cryptocurrencies

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Bitcoin Falls Below $19,000 as Cryptos Creak Under Rate Hike Risk
Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world. Bitcoin, the biggest cryptocurrency by market value, fell...
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Elon Musk May Have Lost 100s of Millions on His February Bitcoin Gamble
News analysis In February this year cryptocurrency enthusiasts were abuzz about one of the most notable Bitcoin transactions in recent history. Tesla Motors, led by controversial billionaire Elon Musk, announced it had purchased $1.5 billion...
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Crashing Crypto Market Has Investors Openly Contemplating Suicide
It’s been a bad week for the cryptocurrency markets, perhaps the worst since Bitcoin became mainstream. Mere months ago cryptocurrency forums were in celebratory mode, riding a bear market that saw numerous cryptocurrencies hit all...
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Citing Energy Crises, More Countries Are Banning Cryptocurrency Activity and Mining
Prompted by local energy crises, among other things, numerous countries across the globe have implemented restrictions on, or outright bans on, cryptocurrency activity including trading and mining.  The most recent country to enact such restrictions...
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Bitcoin Plunges Amidst Violence in Kazakhstan
According to the Cambridge Centre for Alternative Finance, in 2021, Kazakhstan became the world’s second-largest bitcoin mining center just after the United States.  Kazakhstan saw a significant increase in bitcoin mining activity following China’s crackdown...
China’s Central Bank Launches Digital Currency App
In an ambitious push to expand its digital currency, China’s central bank has launched a trial version for its digital yuan via a wallet app.  The app is now available on China’s Android and iOS...
The use of digital currencies has surged in Afghanistan as the Taliban takeover engenders economic uncertainty.
Cryptocurrency Use in Afghanistan Rises, Taliban May Take Advantage to Outwit Western Sanctions
The use of cryptocurrencies in Afghanistan has reportedly spiked amidst the Taliban takeover. The country’s financial system is in a disarray, encouraging many to adopt digital currencies. Some Afghans see cryptocurrencies as safe assets to...
Cryptocurrency Markets Buckle After China Cracks Down Further on Bitcoin Mining, Crypto Trading
China’s central bank urged banks and payment firms on Monday to crack down further on cryptocurrency trading and mining in China, sending the cryptocurrency market into a tailspin and resulting in the loss of billions...