The Pigeon Express
China’s central bank announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of people’s assets”. China is one of the world’s largest crypto-currency markets. Fluctuations there often impact the […]
Bitcoin zoomed past $32,000 after Elon Musk, Jack Dorsey and Cathie Wood spoke during a panel on the future of Bitcoin. The largest digital currency rose more than 8% to about $32,270 on Wednesday. Other cryptos advanced too, including Ether and Dogecoin. Musk, the chief executive of Tesla Inc., reiterated his backing of Bitcoin, saying […]
The crypto markets took a deep dive on Wednesday that at one point it nearly wiped off $1 trillion market capitalization. Bitcoin and ether tumbled to a low of 3.5 months. They are on track to post their largest one-day loss since March last year. Bitcoin, the biggest and best-known cryptocurrency, had already been under […]