Cryptocurrency


China crypto sector battered by claims of fake sales, energy use

China crypto sector battered by claims of fake sales, energy use

(ATF) China's burgeoning cryptocurrency sector has taken a double blow this week as a leading short-seller called one of the country's most prominent players a scam and a new study said China could fail its energy emission goals due to coal-intensive bitcoin mining operations.US-based Hindenburg Research said on Tuesday it …

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Could a digital yuan dethrone the mighty US dollar? 

Could a digital yuan dethrone the mighty US dollar? 

The emergence of a blockchain-enabled digital yuan is said to have has set the cat among the pigeons in Washington. China has become the first major economy to issue a digital version of its currency and that has Fed chiefs in the US concerned that the dollar’s status as the …

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India orders disclosure on all cryptocurrency dealings

India orders disclosure on all cryptocurrency dealings

(ATF) Despite its struggle to take a stand in regard to the crypto sector, India tweaked its corporate disclosure norms on cryptocurrency investments on Thursday indicating, say experts, that the government may not ban private cryptocurrencies after all.In February, India unveiled a set of new draft rules - the Cryptocurrency …

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Cash, credit or crypto? Tesla can now be bought for bitcoin, Musk says 

Cash, credit or crypto? Tesla can now be bought for bitcoin, Musk says 

Tesla chief Elon Musk has said customers can now buy the firm’s electric vehicles with bitcoin.The pay by bitcoin system will only be available in the US for now, but the billionaire said the payment method will be expanded to other countries later this year."You can now buy a Tesla …

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Suspicious corporations won’t be joining the crypto party soon 

Suspicious corporations won’t be joining the crypto party soon 

When Elon Musk's Tesla revealed it had added $1.5bn of bitcoin to its coffers last month, many thought there’d be a corporate charge towards the booming cryptocurrency.Yet there's unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and …

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Cryptos eye new peaks as usage widens

Cryptos eye new peaks as usage widens

(ATF) Cryptocurrencies took a breather after their recent sharp rally but could soon be headed higher after overcoming technical resistance levels with investors waiting in the wings to buy.Bitcoin, which rallied on Sunday to a peak of $58,354, was down 9.65% at $50,616. Still, it is up more than 80% …

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Ethereum joins the crypto party to hit record high as bitcoin levels 

Ethereum joins the crypto party to hit record high as bitcoin levels 

Bitcoin’s little brother, Ethereum, the second largest cryptocurrency in terms of market capitalisation and volume, hit a record high on Thursday, with analysts predicting further rises for the undervalued crypto asset.The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94. It is now up …

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BNY Mellon joins institutional surge of acceptance for bitcoin

BNY Mellon joins institutional surge of acceptance for bitcoin

(ATF) BNY Mellon has joined Tesla and MasterCard in boarding the bitcoin bandwagon on February 11, giving the volatile cryptocurrency a mainstream Wall Street boost. The oldest continuously operating US bank said it would form a new digital assets unit to transfer, safeguard and issue digital assets in response to …

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North Korea's Kim slams his cabinet for lacking innovative insights

North Korea's Kim slams his cabinet for lacking innovative insigh

(ATF) North Korean leader Kim Jong Un on February 11 denounced his cabinet for a lack of innovation and "smart strategies" as the country's economic woes worsened amid plunging trade with China, its most important economic partner.The ruling Workers' Party wrapped up its four-day plenary meeting, during which Kim stressed …

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Investors nervous about India’s new crypto bill but regulations welcome

Investors nervous about India's new crypto bill

(ATF) India’s move to introduce a Cryptocurrency Bill has created a wave of differing emotions among the country's growing number of crypto investors – from fear that the government will ban private cryptocurrencies, confusion on how developments will play out, as well as relief that the sector will finally be …

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