• Three out of four bitcoin investors have lost money: study

    The researchers did not have direct data on the gains or losses of individual investors. However, they were able to extrapolate based on the price of bitcoin when new investors began using cryptocurrency trading apps and the approximately $20,000 it was worth last month.
  • Binance to buy rival FTX

    No financial terms were disclosed of the proposed deal.
  • US seizes US$3.4bn in bitcoin stolen from Silk Road

    New York, United States— The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago. James Zhong, 32, pleaded guilty Friday to committing wire fraud in September 2012 ago when he...
  • Investors remain split over crypto market prospects

    While some expect cryptocurrencies to fall even deeper before staging a sustainable recovery, others hope that the market will get healthy in the last quarter of 2022.
  • Why crypto’s big ‘merge’ is causing big headaches

    Regulators have begun to pay attention, with US Securities and Exchange Commission Chairman Gary Gensler suggesting proof-of-stake looked like a securities market that would fall under his remit.
  • Has blockchain found a use beyond crypto trading?

    Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent.
  • UAE’s high-end luxury sectors most crypto-friendly

    Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul Hegde, NFT & digital marketing expert.
  • Crypto lender’s meltdown crashes dreams

    An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.
  • Crypto crash seen as interim pain for long-term gain

    There will be some volatility in the sector for a long time to come because it is an early-stage market, says Valerie Hawley, Affiliate Founding Partner at True Global Ventures 4 Plus.
  • Bitcoin drops to $18,740, its lowest level since December

    Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. The value of the global crypto market fell below the symbolic $1 trillion mark on Monday after reaching $3 trillion in November of last year.
  • Bear market triggered by panic-selling presents investment opportunities

    Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major buying opportunity, says Nigel Green, CEO and founder of deVere Group, an independent financial advisory, asset management and fintech organization. Green’s observation comes as the S&P 500, Wall Street’s main...
  • More sectors adapt to crypto payments in the UAE

    As the number of people in UAE who deal in cryptocurrency rises, sectors like real estate, hospitality and travel have started accepting cryptocurrency payments.
  • Bonfire of bitcoin: Why crypto assets are tumbling

    The lightning uptake of crypto assets like bitcoin had swelled a volatile sector to a valuation of roughly two trillion dollars recently. A week-long rout has wiped away tens of billions of dollars from that value and spread panic throughout the market.  Bitcoin blues Bitcoin is the premier cryptocurrency and...
  • Bitcoin falls below $30,000, lowest since July 2021

    Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.The world's largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000.
  • Global stocks sink on rising rates and China lockdown

    World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and China's Covid lockdowns. Stock markets had dived last week after the Federal Reserve ramped up interest rates by a half-percentage point and flagged more hikes to tackle decades-high inflation.
  • Cryptocurrency miners in Texas going solar

    The crypto-creation center would be located in west Texas and equipped with Tesla solar panels and batteries.
  • Dubai school ‘first’ in Middle East to accept tuition fee in Bitcoin, Ethereum

    A school in Dubai has said it will be the first school in the Middle East to let parents pay tuition fees using cryptocurrency. Citizens School, which is set to open doors in September 2022, said it will accept payments from the two major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH),...
  • Oil prices, stocks higher after EU snubs Russia ban

    European stocks, which had been firmly higher earlier in the session, ended the day with only modest gains
  • Ukraine launches website for cryptocurrency donations

    On the “Aid for Ukraine” website, users can currently offer donations in 10 cryptocurrencies, including Bitcoin, ether, tether and dogecoin.
  • Amid NFT boom, artists worry about climate costs

    Most NFTs are currently traded on Ethereum, which reportedly uses as much electricity as all of the Netherlands, with a carbon footprint comparable to Singapore's.
  • Bitcoin being used for money-laundering: Report

    Mexican cartels are estimated to have used bitcoin to launder $25 billion a year in Mexico alone, according to a UN-linked body.
  • Cryptocurrencies: Proof-of-work spared for now

    Due to growing environmental consequences, even though proof-of-work was spared in the EU for now, it is simply too fragile to operate harmlessly through an ever-changing regulatory environment and the ascending intention to be sustainable from regulators, users, and developers across the globe, he adds.
  • India announces digital currency and ‘crypto tax’ in budget

    India will have its own digital currency starting 2022-23, Finance Minister Nirmala Sitharaman said while announcing the country’s budget for the upcoming financial year that begins April 1. The Central Bank Digital Currency (CBDC) would be issued by the Reserve Bank of India, the country’s central bank.
  • Arab countries see surge in crypto investors

    In 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and users worldwide. Over 18,000 businesses are already accepting cryptocurrency payments.
  • Bitcoin crash tears through investor confidence

    The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.
  • Markets struggle ahead of US jobs report, expected interest hike by Fed

    Global stock markets wavered Friday as dealers awaited vital US jobs data and mulled the Federal Reserve's readiness to hike interest rates aggressively. London stocks edged higher in late morning deals, while Frankfurt nudged lower and Paris was flat nearing midday in the eurozone. The dollar was under pressure before...
  • Cryptocurrency’s volatility may ease this year

    Experts believe that 2022 will be a milestone year for bitcoin, with the ups outweighing the downs. Cryptos may suffer in the early part of 2022 due to concerns over the overall macroeconomic environment, with Covid-related uncertainty and inflation being high and central banks unsure whether to be proactive in...
  • Bitcoin faces uncertain 2022 after record year

    Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into the new year.
  • Experts discuss market opportunities at DMCC Dubai Precious Metals Conference

    The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.
  • Bitcoin drops off record high as ETF-frenzy subsides

    Cryptocurrencies declined on Friday following an ETF-fueled rally that saw it reach a record $67,016 on Wednesday, as investors questioned whether the new investment vehicle will attract as much new money to the assets as some have speculated.
  • Bitcoin hits new record above $65,000 after Wall Street foray

    Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream status as the world's biggest cryptocurrency forayed onto Wall Street.
  • Bitcoin tops $60,000 as US mulls crypto fund

    Bitcoin breached the $60,000 mark for the first time since April on growing hopes that US regulators will greenlight the first futures exchange-traded fund for the cryptocurrency.
  • Taxation and confiscation to rein in crypto market

    Last few years have seen a lot of tension between governments and central banks around the world, on the one hand, and investors in digital currencies, on the other, as the conflict escalated after cryptocurrencies hit record highs, especially with the rise of the Bitcoin.
  • Elon Musk wants US regulators to let cryptocurrency ‘fly’

    Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free to 'fly', he told a conference in California on Tuesday. The colorful serial entrepreneur, an outspoken digital money fan, shared his view at a Code Conference in Beverly Hills, as...
  • China central bank says all crypto transactions are illegal

    The bank has effectively sounded the death knell for digital currencies in China.
  • Bitcoin no threat to dollar, global economy

    Despite being the future of money, Bitcoin cannot be the dollar of future because the US dollar is a fiat currency, created and supported by the US government.
  • Bitcoin in El Salvador: How will it work?

    Bitcoins are loaded onto digital wallets and accessed via a mobile app. To download the wallet, one needs a Salvadoran ID document
  • Bitcoin may touch $100,000 in Q1 of 2022

    Standard Chartered has forecast that Bitcoin will touch the magical figure of $100,000 in the first quarter of 2022, and in the longer term, the cryptocurrency will hit $175,000. On Wednesday, Bitcoin was trading at a little more than $46,000.  Ethereum and Binance Coin were trading at $3,413 and $409,...
  • In world first, bitcoin becomes legal tender in El Salvador

    El Salvador has become the first country to introduce bitcoin as legal tender, with high demand forcing a freeze of its online cyber "wallet" system on Day 1. Under the initiative of President Nayib Bukele, Salvadoran consumers can now legally use bitcoin -- along with the US dollar -- to...
  • UAE platforms lead GCC crypto market

    Even as the GCC countries dither to embrace cryptocurrencies, the UAE has made some significant strides in this regard.
  • The most vulnerable Linux distros

    Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in PC and server versions — in recent years.
  • Bitcoin jumps above $50,000 for first time since May

    Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and is now back above $50,000
  • Bitcoin jumps above $50,000

    The unit climbed around two percent to $50,249.15, its highest since mid-May.
  • Bitcoin fund launches on Dubai bourse in Mideast first

    Canadian digital asset manager 3iQ Corp seeks to raise around $200m in the offering Bitcoin price slumped recently due to fresh Chinese crackdown on cryptocurrencies The Middle East's first bitcoin fund launched on the Dubai bourse on Wednesday, with Canadian digital asset manager 3iQ Corp seeking to raise around $200...
  • Tesla to accept bitcoin again when greener

    Bitcoin are produced by powerful computers that consume huge amounts of electricity in the process Tesla has said it invested $1.5 billion in bitcoin Electric vehicle maker Tesla has said it will accept bitcoin payments again when the virtual currency is greener. The American manufacturer caused a sensation in February...