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Cryptocurrency

Ethereum extends gains to rise 8pc; bitcoin firms
Markets

Ethereum extends gains to rise 8pc; bitcoin firms

  • Larger rival Bitcoin also gained in its wake with the world's biggest and best-known cryptocurrency rising 3.7% to $36,977 in quiet trading with London and US markets shut for holidays.
  • Bitcoin has been less volatile in recent days but is down by more than 35% this month, weighed by growing regulatory pressures on the sector.
Published 31 May, 2021 07:40pm
EXCLUSIVE HSBC CEO says Bitcoin not for us
Business & Finance

EXCLUSIVE HSBC CEO says Bitcoin not for us

  • "For similar reasons we're not rushing into stablecoins," he said, referring to digital currencies such as Tether that seek to avoid the volatility typically associated with cryptocurrencies by pegging their value to assets such as the U.S. dollar.
Published 24 May, 2021 08:40pm
Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion
Markets

Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion

  • The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services.
  • Bitcoin dropped to $30,066, the lowest since late January. It was last down 22% at $33,502. The most popular cryptocurrency posted its largest one-day loss since March 2020.
Published 19 May, 2021 08:12pm
Digital coin ether hits record high as 2021 gains near 500pc
Markets

Digital coin ether hits record high as 2021 gains near 500pc

  • Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%. Bitcoin was down a touch at $56,240.
  • US bank J.P. Morgan on Wednesday said the pace of evolution in the ethereum market has "remained rapid" and that there was still room for growth.
Published 12 May, 2021 05:08pm