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Fans of the meme-inspired cryptocurrency dogecoin are planning to push its price to new heights on Tuesday in celebration of the cannabis-themed holiday 4/20 (20 April).The #DogeDay420 campaign has been trending across Twitter and Reddit as crypto and meme enthusiasts hope to send dogecoin’s price to a record high of 69 cents.Dogecoin is currently trading…
The price of bitcoin fell suddenly by 10 per cent on Tuesday, prompting a market-wide downturn that saw billions wiped from Ethereum (ether), Cardano (ada) and dogecoin.Bitcoin is trading at just above $32,000, having reached close to $40,000 at the end of last week. The latest dip took the overall market cap of all cryptocurrencies…
The governor of the Bank of England has said that cryptocurrencies have “no intrinsic value” and people who invest in them should be “prepared to lose all [their] money”.Andrew Bailey, who has been in control of the bank since March 2020, made the comments as part of a press conference where he was asked about…
Ethereum, the technology underpinning the ether cryptocurrency, has just activated its “London” hard fork.The upgrade to the digital ledger - and the world’s second biggest cryptocurrency - changes the way transaction fees are estimated.Currently, users must bid for how much they would pay to have a transaction picked up by a miner, which can be…
The price of bitcoin is once again on the ascendency, jumping by nearly 10 per cent over the weekend to take it back above $35,000 at the start of the week.Other leading cryptocurrencies have benefitted from a resurgent crypto market, with all of the top 10 most valuable cryptocurrencies seeing gains on Monday and Tuesday.Ethereum…
A network aimed at transforming bitcoin into a mainstream form of payment has doubled in size over the last year, new data has revealed.The Lightning Network – an additional layer added to bitcoin’s network to facilitate transactions – now has more than 10,000 nodes after major cryptocurrency exchanges and payment apps adopted the technology.Bitcoin was…
Dogecoin began as something of a joke in 2013 but has since become a meaningful cryptocurrency in its own right. Its price has risen 1,250 per cent since the beginning of the year and it now has a market capitalisation of almost $10 billion.It is up more than 20 per cent over the last day,…
The price of bitcoin has crashed once again over the weekend, leading a market-wide nosedive that shows no signs of slowing down on Monday morning.Nearly $200 billion was wiped from the cryptocurrency market since Sunday, adding to a further $200bn in losses over the last week. Bitcoin was back below $33,000 at the start of…
In just six weeks between April and May, bitcoin plummeted from a record high to less than half its value, in a price crash that some commentators are already calling the “Great Unwind”.The all-time high had followed a succession of new price peaks that saw bitcoin rise from below $5,000 in March 2020 to more…
Exactly one month after hitting its last all-time high, bitcoin has once again reached new heights by climbing above $63,000 for the first time in its history.Ethereum, the world’s second most valuable cryptocurrency, also saw new record highs on Tuesday, while several others experienced similar price surges.The gains pushed the overall cryptocurrency market above $2…