Cryptocurrency

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, complainant Keith Johnson accused Musk,…

Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic sideshow” and a poor hedge against a fall in stock prices.…

Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. “However, when fiat currency has negative real interest,…

Bitcoin’s charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down quickly, JPMorgan analysts said in a note. The world’s biggest digital currency hit a record of $51,300 on Wednesday after…

Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars…

Following the criticisms that have trailed the recent pronouncement on cryptocurrencies, the Senate Committees on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market has invited the Central Bank of…

On Friday, 5th February 2021, the CBN pronounced the ban on cryptocurrency operation in any form in Nigeria’s financial system as illegal and banned it. It could be recalled that the CBN had on two occasions in 2017 and 2018 warned that…

The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday. Prices hit $1,454.32 – topping the previous all-time high of $1,439.33 set only last week – before settling back…

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising U.S. bond yields lifted the dollar broadly and hurt other safe assets that pay no income. Bitcoin fell as far as $33,447, its lowest since…

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday. Taxbit…