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May 7, 2021

currency

Crypto currency ether rises to new record high

Reuters
Ether , the world’s second largest crypto currency after Bitcoin , on Thursday rose to a record high of $3,591.65 on the Bitstamp Exchange. Ether was last up about 3.0% at $3,568.92. Bitcoin was down 0.7% at $57,109.40 and about 12% below its record intraday high at $64,895.22 set on......

E-commerce giant JD.com used China’s digital currency to pay some employees

CNBC
CNBC – For more and to sign up click here Photo taken on Feb. 12, 2021 shows a digital RMB red envelope during the “Digital Wangfujing Snow and Ice Shopping Festival” in Beijing, capital of China. Costfoto | Barcroft Media via Getty Images GUANGZHOU, China — Chinese e-commerce company JD.com......

Analysis: China digital currency trials show threat to Alipay, WeChat duopoly

Reuters
An Alipay sign at the Shanghai office of Alipay, owned by Ant Group, an affiliate of Chinese e-commerce giant Alibaba, in Shanghai, China, September 14, 2020. REUTERS/Aly Song/File Photo Shanghai – In China’s commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5......

New federal regulations could spur cryptocurrency crash

NYPost
Charles Gasparino Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting   into them one way or another. But keep asking questions, and they’ll tell you something else, too: the market is ripe for a crash. Source – For more click here To Return to the Main......

Facebook-backed Diem aims to launch digital currency pilot later this year

CNBC
CNBC – For more and to sign up click here Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign......

‘Britcoin’ not bitcoin? UK considers new digital currency

Reuters
British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin. A BoE-backed digital version of sterling would potentially allow businesses and......

China may test its digital currency with foreign visitors at the 2022 Beijing Winter Olympics

CNBC
CNBC – For more and to sign up click here BOAO, China — China is trying to make it possible for foreign athletes and visitors to use its digital currency during the Beijing Winter Olympics in 2022, a top central bank official said on Sunday. It could be the first......

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97

Reuters
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – Bitcoin rose 1.32% to a record $60,555.97 on Saturday, breaking above $60,000 for a second time in 10 days. The world’s biggest and best-known cryptocurrency......

China leaps into a central digital bank currency, but similar progress eludes the U.S.

CNBC
CNBC – For more and to sign up click here Beijing city is launching a test of the PBoC’s digital currency during the 2021 Lunar New Year, as shown by a screenshot of a sign-up page on JD’s shopping app. Evelyn Cheng | CNBC China’s leadership in the digital currency......

Cryptocurrency market cap hits record $2 trillion; bitcoin’s at $1.1 trillion

Reuters
FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo NEW YORK (Reuters) – The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and......

Japan’s central bank kicks off experiments on issuing digital currency

Reuters
FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – The Bank of Japan (BOJ) began experiments on Monday to study the feasibility of issuing its own......

Mark Cuban on his cryptocurrency portfolio: ‘I own a lot of Ethereum because I think it’s the closest to a true currency’

CNBC
CNBC – For more and to sign up click here Billionaire investor Mark Cuban is bullish on the future of cryptocurrency and frequently compares blockchain technology to the early days of the internet. That’s why, over the years, Cuban held onto the few digital coins he bought in the “early......

Britain will focus crypto rules on stablecoins, minister says

Reuters
LONDON (Reuters) – Britain will focus first on regulating stablecoins rather than the broader cryptocurrency market, its financial services minister said on Tuesday, citing the threat to competition should any major private effort dominate the emerging field. Facebook Inc’s move in 2019 to introduce its own stablecoin Diem, then known......

Exclusive: PayPal launches crypto checkout service

Reuters
LONDON (Reuters) – PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce. Customers who hold bitcoin, ether,......

Bitcoin jumps to one-week high above $58,000

Reuters
FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/File Photo LONDON (Reuters) – Bitcoin jumped to a one-week high on Monday, rising as much as 4.5% to $58,300 and nearing a record high above $61,000 hit earlier this......

Explainer: NFTs are hot. So what are they?

Reuters
(Reuters) – Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album. FILE PHOTO: “EVERYDAYS: THE FIRST 5000 DAYS” is a collage,......

Lebanon’s protesters back on streets as currency hits new low

Reuters
BEIRUT (Reuters) – Protesters burned tyres and blocked roads in Beirut on Tuesday as the Lebanese currency crashed past a new milestone. Market dealers said the Lebanese pound was trading at around 15,000 to the dollar, having lost a third of its value in the last two week to stand......

U.S. may label Taiwan currency manipulator says central bank governor

Reuters
FILE PHOTO: New Central Bank Governor Yang Chin-long attends the inauguration ceremony in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu TAIPEI (Reuters) – Taiwan central bank governor Yang Chin-long said on Thursday that the United States may label the island a currency manipulator, judging by Washington’s three main criteria for......

Twitter’s Dorsey to convert proceeds from auction of first ever tweet to bitcoin

Reuters
FILE PHOTO: Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. REUTERS/Anushree Fadnavis/File Photo (Reuters) – Twitter Inc boss Jack Dorsey said on Tuesday he will convert proceeds from the digital auction of the first......

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