What happened As of 1:00 p.m. ET, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Cardano (CRYPTO:ADA) appreciated 3.3%, 1.2%, and 4.8%, respectively. Earlier in the day, Ethereum showed a 24-hour gain of 3.8%. These modest moves higher have coincided with a rather strong momentum this weekend, on the heels of an early Saturday sell-off that hit the […]
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Narendra Modi’s Tweet on Adopting Bitcoin as Currency Is Fake
Indian Prime Minister Narendra Modi presents his national statement on day two of COP26.Photo: Alastair Grant – Pool (Getty Images) Early on Sunday, a tweet appeared on Indian Prime Minister Narendra Modi’s account announcing, out of the blue, that the country had adopted bitcoin as legal tender and would be […]
The search is on for $50m in lost cryptocurrency after two Australian exchanges collapse | Cryptocurrencies
Andrew Yeo doesn’t know what’s happened to tens of millions of dollars worth of cryptocurrency belonging to hundreds of clients of the collapsed exchange ACX, but he aims to find out. In mid-October the veteran insolvency practitioner was appointed administrator of Blockchain Global, the company that used to run ACX, […]
Bitcoin network hashrate hits all-time high after China crypto ban
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hashrate, a […]
Bitcoin, Ethereum, and Web3 Are Already Reshaping the World
In a pair of recent essays, political scientist Ian Bremmer contends that Big Tech companies will reshape the global order, while FP columnist Stephen Walt’s friendly rejoinder is that states will remain predominant. We take a third view: Not only has technology already changed the global order, but it is […]
Solana leads crypto fall as bitcoin, ethereum slide
Miners have been successful in swiftly shifting their operations to North America after China’s regulatory crackdown, which is good news for bitcoin, according to analysts. Photo: Camilo Freedman/SOPA Images/Sipa USA Cryptocurrencies started off the weak broadly down, led by solana, which had tumbled to fresh weekly lows over the weekend. […]
Whales Are Amassing Two Ethereum-Based Altcoins As Bitcoin and Crypto Consolidation Continues
The largest whales in the Ethereum ecosystem are heavily loading up on two low-cap tokens as the crypto markets continue to consolidate. The latest figures from whale-tracking website WhaleStats are showing the current holding habits of the 1,000 largest non-exchange Ethereum (ETH) addresses. The platform compiles a list of the […]
Gemini partners with Colombia’s biggest bank for crypto trading
New York-based crypto exchange Gemini has announced that it will be expanding into Latin America through an upcoming partnership with Colombia’s largest bank, Bancolombia. The partnership will take effect on Dec. 14, and will permit customers from Bancolombia to trade four crypto assets: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and […]