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by Carlos Mario Marquez and Moises Avila SAN SALVADOR, El Salvador (AFP) — El Salvador on Tuesday became the first country to embrace bitcoin as legal tender, with consumer demand crashing its brand-new cyber “wallet” system even as the currency’s value seesawed against the US dollar. Under the initiative of President Nayib Bukele, Salvadoran consumers can now legally use bitcoin — along with the US dollar which has been the official currency for two decades […]
HONG KONG, China (AFP) — Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around two percent to $50,249.15, its highest since mid-May, when it began tumbling on a range of issues including China’s crackdown on cryptocurrencies and Tesla boss Elon Musk’s decision to stop accepting it on concerns about the environmental impact of mining. The electric car […]
by Katy LEE PARIS, France (AFP) — Cryptocurrency investors have been transfixed over the past few days by the antics of a mysterious hacker who stole more than $600 million — before gradually giving it back. But was the thief a good samaritan who stole the money to expose a dangerous security flaw, or did they simply realise they were about to be caught? The hacker struck Poly Network, a company that handles cryptocurrency transfers, […]
TEHRAN, Iran (AFP) — Iran’s President Hassan Rouhani on Wednesday announced a four-month ban on all cryptocurrency mining, a day after his energy minister apologized for unplanned power cuts in major cities. Iranian officials have regularly blamed unlicensed cryptocurrency miners for using vast amounts of electricity. “Cryptocurrency activities and mining cryptocurrencies must be stopped” until September 22, Rouhani said in televised remarks. Power cuts in the peak summer months are not uncommon in Iran, but […]
by Sebastien Ricci with Joseph Sotinel in London NEW YORK, United States (AFP) — Bitcoin’s value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 — less than half the record value it reached last month — before climbing back over $39,500 around 2000 GMT. It was still above its level […]
BEIJING, China (AFP) — Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them. The comments sent the unit diving more than 10 percent and dealt it another blow soon after being battered by comments from tycoon Elon Musk and his Tesla car company. Trading in cryptocurrencies has been banned in China since […]
Philippine boxing legend and politician Manny Pacquiao launched his own cryptocurrency, ‘PAC’ tokens, with a concert in Manila on Monday. The ‘Pac’ was initially created to allow fans to buy exclusive Pacquiao merchandise but there are plans now for broader use. The virtual currency is set to be listed on and distributed by the Singapore-based Global Crypto Offering Exchange (GCOX) later this year. Pacquiao, 40, is considered a national hero by many as his […]
TOKYO, Japan (AFP) — A Tokyo-based cryptocurrency exchange said Friday it had halted all services after losing cryptocurrency worth more than $32 million in the latest apparent hack involving virtual money. Remixpoint said its subsidiary BITPoint Japan discovered overnight that about 3.5 billion yen ($32.3 million) in various digital currencies had gone missing from its management. The apparent hack was discovered after an error appeared in the firm’s outgoing funds transfer system on Thursday […]
by Jitendra JOSHI Agence France Presse LONDON, United Kingdom (AFP) — Heading in to the G20 summit, Facebook is on notice from powerful regulators including the Fed chief that its ambitious plans for a global crypto-currency face piercing scrutiny. The Libra coin is endorsed by a heavyweight consortium of companies, and could see Facebook leverage its two billion-plus users to bring crypto-money out of the shadows and into the mainstream. But Federal Reserve chairman […]
by Jitendra JOSHI and Vishal MANVE in Mumbai Agence France Presse LONDON, United Kingdom (AFP) — If Facebook’s new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers. Many Indians are shut out of banking and face punitive fees for simple transactions, like transferring money to their loved ones. But in India as elsewhere, the US company’s ambitions to remake global finance through its […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook is leaping into the world of cryptocurrency with its own digital money, designed to let people save, send or spend money as easily as firing off text messages. “Libra” — described as “a new global currency” — was unveiled Tuesday in a new initiative in payments for the world’s biggest social network with the potential to bring crypto-money out of the shadows […]
(Eagle News) – More than 300 cryptocurrency experts from both law enforcement and the private sector attended the sixth Cryptocurrency Conference hosted at Europol’s headquarters which sought to detect cryptocurrency-facilitated crimes, among others. The event, which ran from June 12 to 14, is the largest cyptocurrency event in Europe. Organized by Europol’s European Cybercrime Centre (EC3), the experts who participated in the conference “shared best practices and law enforcement techniques using examples such as […]
