cryptocurrency - Latest News, Analysis, Opinion

Despite government threats of a ban, transaction volumes are swelling and 8 million investors now hold 100 billion rupees ($1.4 billion) in crypto-investments, according to industry estimates.

Bitcoin Mania Triggers Fundraising Rush By Chinese Players

Cryptocurrency exchanges are banned and mining frowned upon, but there is strong official support for developing blockchain technology, which underpins cryptocurrencies such as bitcoin, but is also key to new innovations in areas such as trade finance, supply chain management and anti-counterfeiting.

Cryptocurrency Trading Volumes Spike 17% In February - Cryptocompare

The embrace of cryptocurrencies by the likes of Tesla Inc and Mastercard Inc drove bitcoin to a record high of $58,354 and a $1 trillion market capitalisation last month.

Bitcoin Rises 5% To $50,942.58

Bitcoin, the world's biggest and best-known cryptocurrency, has risen 83.7% from the year's low of $27,734 on Jan. 4.

Asian Shares Fall Amid China's Asset-Bubble Warning

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Investors now eye China's annual session of parliament beginning on Friday, which is expected to chart a course for economic recovery and unveil a five-year plan to fend off stagnation.

Analysis-Crypto Tears: Bitcoin Miners Face Blame For Abkhazia Energy Crisis

The power cuts have highlighted the energy cost of cryptocurrencies at a time when global interest in virtual cash is booming and bitcoin, the original and most popular virtual currency, is gaining acceptance among mainstream investors.

Bitcoin Extends Retreat From Record High To Hit Lowest In 20 Days

Major firms such as BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc have backed cryptocurrencies.

Bitcoin Falls Over 6% To Lowest In Two Weeks

The world's biggest cryptocurrency slumped as low as $44,451 before recovering some of its losses. It was last trading down 1.3% at $46,588.

Bitcoin Falls As Much As 6% As It Pulls Back From Record High

Bitcoin hit a low of $50,848 in the session following a wild ride on Monday where it traded in a $10,000 range. It's up nearly 90% from the year's low of $27,734.

Bitcoin Tops $50,000 As It Wins More Mainstream Acceptance

The rush in 2021 by retail and institutional investors comes on top of a 300% rise last year as investors searched for high-yielding assets and dollar alternatives amid rock-bottom or even negative interest rates globally.

Bitcoin Rockets To New Highs As Tesla Takes It Mainstream

Shares of companies that provide trading platforms for bitcoin and the technology to "mine" the cryptocurrency surged in China, South Korea, and Australia, and big computer chip making companies such as SK Hynix also rose.

A Tesla For A Bitcoin: Musk Drives Up Cryptocurrency Price With $1.5 Billion Purchase

Investors anticipated other companies will soon join a list of firms that invest in or hold bitcoin including BlackRock Inc, the world's largest asset manager, and payments companies Square and PayPal.

Elon Musk, Back On Twitter, Turns His Support To Dogecoin