Tag Archives: Cryptocurrency

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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Facebook bans all crypto-currency ads

Facebook has said it will block any advertising promoting crypto-currency products and services. The company said it was open to emerging technologies but many companies were not acting in “good faith” when extolling the virtues buying into virtual currencies. Recently, a wave of new currencies have emerged, seeking to piggyback Bitcoin’s huge increase in value. Facebook urged users to report any ...

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Coincheck promises 46bn yen refund after cryptocurrency theft

One of Japan’s largest digital currency exchanges has said it will refund most of the $534m (£380m) worth of virtual assets lost in a hacking attack. Coincheck has promised to use its own funds to reimburse more than 46bn yen ($423m) to customers who lost their NEM cryptocurrency coins on Friday. The Tokyo-based company suspended trading after detecting “unauthorised access” ...

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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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‘Fear of unknown’ blocking Ghana’s adoption of Bitcoin – Expert

The Cyber Security Advisor at the Ministry of Communications, Albert Antwi Boasiako, has suggested that the ‘fear of the unknown’ is the reason why Ghana is hesitant to adopt cryptocurrency. The issue of the adoption of cryptocurrencies in Ghana has been up for some time, with many calling on the state to find a way to get it to be ...

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