A computer scientist who claims to be the inventor of bitcoin has won a legal battle to keep hold of a hoard of the cryptocurrency worth tens of billions of dollars, despite not proving that he actually owns it. A Florida jury found that Craig Wright did not owe half of 1.1 million BTC to…
The crypto market has bounced back on Wednesday, with bitcoin, Ethereum (ether), Cardano (ada) and dogecoin all showing signs of recovery following a major price crash at the start of the week.The cryptocurrencies were boosted by news from El Salvador that BTC will officially be recognised as legal tender, allowing people to use it to…
El Salvador has been forced to temporarily disable the bitcoin wallet app used to support the groundbreaking rollout of the cryptocurrency as a form of legal tender in the country.From today, people in El Salvador will be able to pay for goods and services with the cryptocurrency after president Nayib Bukele pushed through the Bitcoin…
Bitcoin investors are creating a “supply shock” by stockpiling the cryptocurrency in anticipation that the record-breaking price rally is not yet over, according to a new report.Crypto research firm Kraken Intelligence attributed bitcoin’s recent all-time high to this phenomenon, warning that long-term holders are continuing to accumulate BTC rather than taking profits, thus pushing the…
An executive with Goldman Sachs London has reportedly quit his role with the bank after making millions from Dogecoin.Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs, reportedly resigned from the company after making money from his investment in Dogecoin – a cryptocurrency that was started after an internet meme…
Intel is designing a new chip specifically designed to mine cryptocurrency.The manufacturer announced that the “blockchain accelerator” is set to ship later this year, saying that the technology “has the potential to enable everyone to own much of the digital content and services they create” as people “usher in the era of metaverse and Web 3.0”.The chip…
The price of bitcoin hit a record high for 2020 on Wednesday, after PayPal announced plans to integrate cryptocurrency into its online payment platform.Bitcoin’s price rose by more than 5 per cent following the news, taking its total gains since last week above $1,000. It is currently trading above $12,400.PayPal said customers will be able…
Bitcoin is down more than 50 per cent in May 2022 after its price peaked in November 2021 (Getty Images)Bitcoin has managed to bounce back after crashing to an 18-month price low over the weekend.The cryptocurrency is trading at around $30,000 at the start of the week, marking a 56 per cent drop from its…
The price of cryptocurrency is seemingly in constant flux which causes a gauntlet for investors to run week to week and day to day.Just last week bitcoin remains in limbo following last week’s flash crash, which some analysts mistook for the start of a bear market that would see its price continue to tumble in…
What are cryptocurrencies? | DecomplicatedAfter sinking below $18,000 on Saturday, Bitcoin has grown by over 8 per cent in the last day and is slightly above the $20,000 mark.However, the global crypto market value is still below the $1 tn mark at about $880 bn.Many analysts predicted that last week’s low may be the bottom…