Day: November 26, 2021

Cryptocurrency

Bitcoin: why its value has rocketed onceagain

Bitcoin’s journey into mainstream finance has reached another major milestone – and another record price. The cryptocurrency was trading at US$66,975 (£48,456) following the launch of an exchange traded fund (ETF) in the US which has dramatically increased bitcoin’s exposure to investors. The fund, which opened on October 19, allows investors to speculate on the […]

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Cryptocurrency

Ethereum: the transformation that could see it overtakebitcoin

The world’s second most valuable cryptocurrency, ether, has been touching all-time highs in price ahead of a major upgrade of its underlying platform, ethereum. Ether is currently worth in aggregate just shy of US$500 billion (£363 billion). That’s still slightly less than half that of the biggest cryptocurrency, bitcoin. You can listen to more articles […]

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Cryptocurrency

Nigeria’s digital currency: what the eNaira is for and why it’s notperfect

Nigeria recently became the first African country to introduce a digital currency. It joins the Bahamas and the Eastern Caribbean Central Bank in being among the first jurisdictions in the world to roll out national digital currencies. The Conversation Africa’s Wale Fatade asks Iwa Salami what a digital currency is and whether Nigeria can achieve […]

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Cryptocurrency

What is Bitcoin’s fundamental value? That’s a goodquestion

As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must […]

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Cryptocurrency

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips withthem

Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having time on their hands during pandemic lockdowns. Also, large investment funds and banks have stepped in, not least with the recent launch […]

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Cryptocurrency

4 reasons why museums aren’t cashing in on NFTsyet

The eye-popping sale price of US$69 million on March 11, 2021, for a non-fungible token created by the digital artist Beeple sent shock waves through the art world. More multimillion-dollar sales of these digital assets that exist on a blockchain and are maintained on networked computers soon followed. At the same time, art museums have […]

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Cryptocurrency

Government lists cryptocurrency bill for passage in winter session

MUMBAI: The government has listed the cryptocurrency bill in its legislative business plan for the winter session of the Parliament that begins on November 29. \’Govt lists ‘The cryptocurrency and Regulation of the Official Digital Currency Bill 2021\’ for Winter session India is looking to bar all but a few private cryptocurrencies when it introduces […]

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Cryptocurrency

Govt plans bill to ban private cryptocurrency, allow RBI digital coin

The government will move a bill to frame rules for cryptocurrencies aimed at prohibiting private coin while providing a framework for the creation of an official digital currency to be issued by the Reserve Bank of India (RBI). The bill is listed among 26 items of legislation for consideration in the winter session of parliament, […]

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Bitcoin

Cracks in Ira Kleiman’s story widening as Kleiman vs Wright defense makes their case

The first full day of the defense’s case-in-chief took place on Wednesday, and the focus has been on identifying the cracks in Ira Kleiman’s story if not widening them further. Most starkly apparent has been the difference in subject and tone from the witnesses taking the stand in the defense’s case. The defense’s first two […]

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Bitcoin

Craig Wright takes the stand on Day 6 of Kleiman v Wright trial

Plaintiffs of Kleiman v Wright called Dr. Craig Wright to the stand on Monday, Day 6 of the trial. In anticipation of the historic event, journalists, lawyers, interns, and blockchain enthusiasts from every corner of the United States filled the courtroom. There were so many people in attendance that the courtroom reached max capacity and […]

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