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Bitcoin Could Bring Another Financial Crisis, Bank of England Warns

A senior deputy at the Bank of England cautioned on Wednesday that the cryptocurrency Bitcoin could lead to another financial crisis. Deputy governor Sir Jon Cunliffe said that governments must begin to instill stricter regulations on crypto, comparing the volatility...

All You Needed to Know About Cryptocurrency in Greece

In the past couple of years, cryptocurrency has invaded Greece's society, mostly because of high taxation and the pandemic. While the average Greek might not know what "bitcoin" means, interest in its mining has risen significantly. In Greece, an estimated...

China Decrees All Cryptocurrencies, Including Bitcoin, Illegal

China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal on Friday, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued...

Twitter Will Let Accounts “Tip” Each Other with Bitcoin

The social media platform Twitter announced on Thursday that it will begin allowing its users to send and receive Bitcoin payments. The introduction comes as part of the company's wider effort to monetize its site. The popular platform will also...

What is an NFT? How Non-Fungible Tokens Took Over Crypto

If you're an avid investor in cryptocurrency or a digital art lover, it's likely that you've heard about non-fungible tokens, commonly referred to as "NFTs." So what exactly are NFTs? Non-fungible tokens certify the ownership of a one-of-a-kind piece of...

Kim Kardashian Cryptocurrency Ad Criticized by Financial Watchdog

Charles Randall, the head of the United Kingdom's Financial Conduct Authority, has spoken out against Kim Kardashian's Instagram ad for a cryptocurrency known as Ethereum Max. Randall claims that the Armenian-American celebrity is potentially leading her 250 million followers into...

Ethereum Takes a Big Risk–and a Big Step Forward– by Going Green

Ethereum--the biggest presence in cryptocurrency behind Bitcoin-- has announced it will be cleaning up its carbon footprint and going green. Ethereum is a decentralized, open source blockchain that uses the token Ether for transactions on its platform. The Ethereum...

Price of Bitcoin Shoots Above $50,000 for First Time Since May

The value of Bitcoin has shot above $50,000, taking it to its highest level since May of this year. The cryptocurrency reached $50,419 on Monday morning, according to CoinMarketCap’s price index, amid a market-wide resurgence. Ethereum (ether), Cardano (ada) and...

Hackers Steal Over $90 Million From Cryptocurrency Exchange

Hackers have stolen over $90 million from a Japanese cryptocurrency exchange called Liquid. The firm announced that hackers had gained access to wallets they host online, gleaning roughly $91 million in crypto assets. $16 million of these were frozen...

Cryptocurrencies Tumble as Trump Says Bitcoin is a “Scam”

Former US President Donald Trump said bitcoin was a "scam", leading to a bitcoin and other cryptocurrency sell-off on Tuesday.