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Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates the year. The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year. (AFP)
Continue ReadingBritain’s financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers. The Financial Conduct Authority unveiled a package of measures for the industry, which has long faced criticism over the lack of oversight — and promises of high returns in a volatile marketplace. Under the new […]
Continue ReadingFormer Nigerian Presidential Spokesperson, Reno Omokri has called out Attorney-General of the Federation and Minister of Justice, Abubakar Malami, claiming he may be engaging in Cryptocurrency trading which is banned in the country. Omokri made the claim by sharing a screenshot of Malami’s post in which he announced that he has deactivated his Twitter account. […]
Continue ReadingCryptocurrency exchange Coinbase made a scorching stock market debut Wednesday amid frenzied interest in bitcoin and other virtual currencies despite concerns about a bubble. The enterprise, the first company devoted entirely to cryptocurrency to enter the US stock exchange, immediately garnered an overall market valuation of $100 billion, bigger than that of General Motors and […]
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