A bitcoin wallet that had been dormant for nearly nine years has mysteriously activated. The digital wallet, which contains 616 BTC, dates back to around the time that bitcoin’s pseudonymous creator Satoshi Nakamoto was last active online.Since it was last used, the stash has risen in value from around $8,000 to more than $26 million.Follow…
Following the bitcoin flash crash on Monday which wiped out over $200 billion from the crypto market, almost all cryptocurrencies continue to be on a downward trend with no signs of recovery yet.Bitcoin is down by about 7 per cent on Tuesday compared to Monday, and is currently trading at close to $42,000.Ethereum (ether) has…
A bitcoin flash crash on Monday morning has sent leading cryptocurrencies tumbling, wiping more than $200 billion from the crypto market.Bitcoin dropped below $44,000 after falling more than 8 per cent in just a few hours, though even these losses were modest compared to its rivals.Ethereum (ether) fell by more than 10 per cent, while…
The price of bitcoin rose above $48,000 on Thursday, marking a 10 per cent increase since the start of the week.Other leading cryptocurrencies also saw gains, spurred on by positive news in the crypto space.Cinema chain AMC announced that it would accept Ethereum (ether), bitcoin cash and litecoin alongside bitcoin payments for tickets, in what…
The volatility of bitcoin and other leading cryptocurrencies makes any kind of price prediction notoriously difficult.After an up-and-down few months for the market, analysts appear divided over which way it heads from here. Some believe we are in a cool-off period that will see the price slide to yearly lows, while others predict new all-time…
The prices of cryptocurrencies seem to be stabilising further after last week’s crash following El Salvador’s hindered bitcoin adoption.The global crypto market has grown by about 3.5 per cent in the last day, currently valued at $2.13 trillion.Bitcoin, which was priced at above $52,000 before last week’s crash that wiped out nearly 15 per cent…
Bitcoin and the broader crypto market have seen a steady recover in recent months following the price crash in April and May that wiped more than a trillion dollars from the overall market cap.But a rocky roll out of El Salvador’s pioneering Bitcoin Law, together with hoax news articles about litecoin and more market-moving tweets…
A Walmart announcement that turned out to be a hoax has caused the price of the litecoincryptocurrency to shoot up by more than a third.A news release on Monday stated that Walmart had partnered with litecoin to allow customers to make payments with cryptocurrencies, however the email used for the alert was fake.“The momentum and…
Software firm MicroStrategy has announced the acquisition of nearly a quarter of a billion dollars worth of bitcoin.Chief executive Michael Saylor revealed that his company now holds more than $5 billion of bitcoin, making it by far the biggest corporate investor in cryptocurrency.Tesla is the second largest holder, having bought $1.5 billion worth of bitcoin…
An obscure, meme-inspired cryptocurrency has suddenly surged in price after Elon Musk shared a picture of his new dog.Floki Inu coin hit an all-time high on Monday softly after the technology billionaire tweeted the image of the Shiba Inu puppy, alongside the caption “Floki has arrived”.The 150 per cent price spike was mirrored across other…