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Bitcoin


A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic Bitcoin dipped 5.16% to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close. Ether , the coin linked to the ethereum blockchain network, dropped 6.26% to $2,262.06 on Saturday, …

A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. Paul Ratje | The Washington Post | Getty Images GUANGZHOU, China — China’s Inner Mongolia region has proposed punishments for companies and individuals involved in digital currency mining as it looks to further crack down on the practice. The move comes after Chinese Vice …

BTC/USD has dropped $38,000 in response to headlines saying that China’s Vice-Premier Liu He said to “resolutely prevent and control financial risks.” The senior official added that Beijing will crackdown on Bitcoin mining and trading activities. More broadly, Liu added that the government will severely punish those conducting illegal financial activities. Update: Bitcoin has extended …

The market value of Tesla Inc’s (TSLA.O)bitcoin holdings have fallen by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the Chinese government. Shares of Tesla Inc (TSLA.O) were 3% lower on Wednesday afternoon, down more than broader U.S. market indices. Chief Executive …

Coinbase, Binance and other major crypto exchanges appear to be down amid a market-wide price crash. Bitcoin has fallen by more than $10,000 in the last few hours, with customers reporting difficulties in accessing their accounts. There were also issues for online banking apps that offer cryptocurrency trading, such as Revolut. >> Follow all the …

Text size A physical imitation of the Bitcoin cryptocurrency. AFP via Getty Images The price of Bitcoin dropped below $40,000 for the first time in months and other cryptocurrencies also dropped after the People’s Bank of China apparently warned against using digital coins as payment. Bitcoin dropped nearly 7% to $40,275 early Wednesday morning, bouncing off …

Here are five things you must know for Monday, May 17: 1. — Stock Futures Fall After Wall Street’s Rough Week Stock futures traded lower Monday as Wall Street came off a rough week driven by concerns over what effect rising inflation would have on the U.S. recovery. Contracts linked to the Dow Jones Industrial …

Yuriko Nakao | Getty Images News | Getty Images Dogecoin soared early Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin rose to an intraday high of around 56 cents at 3 a.m. ET, according to data from Coin Metrics. As of …

Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending …

Artur Widak | NurPhoto | Getty Images GUANGZHOU, China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when Musk made the announcement, the value of …