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Digital coins

Crypto crash deepens, stocks slip

Crypto crash deepens, stocks slip

  • Global stocks pressured by inflation jitters.
  • European stocks down 1.3%, Nikkei loses 1.5%.
  • Cryptocurrencies hit by fresh China measures.
  • German Bund hits 2-year high.
Published 19 May, 2021 05:20pm
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
Digital Dollar Project to launch five US central bank digital currency pilots
Business & Finance

Digital Dollar Project to launch five US central bank digital currency pilots

  • A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research into a US central bank digital currency (CBDC).
  • CBDCs are the digital equivalent of banknotes and coins, giving holders a direct digital claim on the central bank and allowing them to make instant electronic payments.
Published 03 May, 2021 04:58pm
Bitcoin tumbles after Turkey bans crypto payments citing risks
Markets

Bitcoin tumbles after Turkey bans crypto payments citing risks

  • The decision could stall Turkey's crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
  • In a statement, the central bank said crypto assets were "neither subject to any regulation and supervision mechanisms nor a central regulatory authority", among other security risks.
Published 16 Apr, 2021 06:27pm
Visa moves to allow payment settlements using cryptocurrency
Business & Finance

Visa moves to allow payment settlements using cryptocurrency

  • Bitcoin, the most popular crypto coin, jumped to a one-week high on the news, rising as much as 4.5% to $58,300 and heading back toward a record-high above $61,000 hit earlier this month.
  • The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the US dollar.
Published 29 Mar, 2021 06:20pm