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Tag Archives: Bitcoin

Bitcoin falls below $6,000

The value of Bitcoin has fallen to below $6,000 – its lowest price since November 2017. The price fell to $5,947.40 (£4,256.44) on Tuesday, according to a price index run by news website Coindesk. Bitcoin reached its peak in November, when it hit $19,000, and then began to fall steadily from mid-December. The latest fall comes a day after several ...

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Bitcoin sinks on exchange fears

Bitcoin fell to its lowest level since November amid fears that its price was propped up artificially by one of the world’s largest digital currency exchanges. The US Commodity Futures Trading Commission, a financial regulator, is understood to be investigating the Bitfinex digital currency exchange. Bitcoin, the most popular and widely traded of about 1,500 digital currencies, rose to a ...

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Bitcoin braces for worst week since 2013

Digital currency Bitcoin has fallen 30% this week, leaving it on track for its worst week since April 2013. On Friday the price fell below $7,910 on the Bitstamp exchange, a 12% fall on the day before, but recovered slightly. But although it is far short of the $19,000 it reached in November 2017, it is still way above the ...

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Stripe to ditch Bitcoin payment support

Stripe, the firm which helps more than 100,000 businesses do financial transactions online, is to scrap support for Bitcoin payments. It said Bitcoin users now saw the virtual currency largely as an “asset” to be traded, rather than something to make payments with. Fewer online merchants wanted to accept the cryptocurrency, it added. Rising fees and longer transaction times as ...

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Cryptocurrency users unfazed by BoG’s caution

Some cryptocurrency operators have welcomed the Bank of Ghana’s stance on the use of digital currencies saying it will protect users from fraud. The Co-Founder of Crypto Ghana, Bernard Owusu Mensah explains that the announcement will however least affect organisations like his that engage in the trading of digital currencies. The Bank of Ghana has cautioned the public against transacting ...

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Ghanaian firm to host blockchain masterclass in four African cities

Wryze Blockchain Solutions Ltd, a Ghana-based blockchain company is billed to hold its second blockchain masterclass in Accra, Johannesburg, Nairobi, Conakry and Cairo. The major currencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others. A blockchain is a digitized, decentralized, public ledger of all cryptocurrency, transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added ...

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Hackers steal $400,000 of crypto-currency

Hackers have stolen $400,000 (£290,000) of the virtual currency Stellar Lumen in an online attack on Saturday. The group hijacked the server that hosts BlackWallet, a web-based wallet application that stores lumens and stole 669,920 from users’ accounts Stellar Lumen is thought to be the eighth most popular virtual currency in the world. According to tech news site Bleeping Computer, BlackWallet ...

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Bitcoin conference unable to handle bitcoin payments

The irony of a conference dedicated to all things cryptocurrency that’s unable to accept bitcoin payments for conference tickets is glaring. On the North American Bitcoin Conference ticketing page — where last minute tickets are $1,000 USD for the Jan. 18-19 event in Miami — an explanation for the “no cryptocurrency” policy cites “network congestion and manual processing.” To be fair, processing ...

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BoG should invest 1% of dollar reserve into bitcoin – Chiefy Nduom

Vice President of Groupe Nduom, Papa-Wassa Chiefy Nduom, has urged the Bank of Ghana [BoG], to consider investing foreign currency reserves into bitcoin. Chiefy Nduom,  a Bitcoin enthusiast with a background in banking technology, believes that the bitcoin cryptocurrency could become digital gold for Ghana and other countries on the African continent. Just in 2018, bitcoin jumped to $14,951 on ...

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Chiefy Nduom writes: 13 African countries should buy Bitcoin right now

Yes, I actually wrote that. Working in or around finance in Ghana requires learning forex markets. You must read Bank of Ghana reports, watch trade flows, foreign fiscal and monetary policy. Because you never know what’s going to happen with the Ghana Cedi – but right now I’m concerned about the US Dollar. The experts say its going down: “The ...

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