Millions of Salvadorians are expected to download a digital wallet app with $30 of free Bitcoin.
Kroger says it was hit with a fake press release falsely claiming the nationwide grocer would be accepting Bitcoin Cash
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Cryptocurrency existed as a theoretical construct long before the first digital alternative currencies debuted.
There’s already been a major breakthrough on this front, with the first Bitcoin ETF recently making its debut on the New York Stock Exchange. The development represents a new and more conventional way to invest in crypto. The BITO Bitcoin ETF allows investors to buy in on cryptocurrency directly from traditional investment brokerages they may already have accounts with, like Fidelity or Vanguard.
At the time of writing, Bitcoin’s value was fluctuating at around $67,921.67, or £50,107 according to Coinbase.
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The most popular cryptocurrencies are currently Bitcoin, Ethereum and Litecoin. These dominate the cryptocurrency market and are highly popular among traders and investors.
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US cryptocurrency exchange Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by lower volatility and declining prices of Bitcoin and other cryptocurrencies.
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Despite the massive swing in value on the Binance US exchange, Bitcoin’s value on other exchanges remained stable. There has been speculation on the exact cause of the spike, though Binance offered a short statement to Bloomberg explaining that one of its institutional traders was responsible.
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The phenomenon has occurred more frequently in recent days, with Bitstamp also seeing freak order-book events.
Coinye, a semi-defunct cryptocurrency, is worth mentioning solely for its bizarre backstory.
Crypto market capital shoots to $2.34 trillion with Ethereum occupying 20% of crypto economy
And while proponents tout cryptocurrencies as potentially lucrative alternative investments, few serious financial professionals view most coins — with the important exception of Bitcoin and a few others — as suitable for anything other than pure speculation.