Bitcoin

Bitcoin hits two-month high above $30,000 in volatile week

LONDON, Oct 20 (Reuters) - Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%, against a backdrop of volatile trading…

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Bitcoin eyes third straight day of gains after touching two-month high

(Reuters) - Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock's plan to create a bitcoin exchange-traded fund (ETF) even as the…

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Liechtenstein to allow payment for certain state services in Bitcoin

May 8 (Reuters) - Liechtenstein plans to allow Bitcoin payments for certain state services, Prime Minister Daniel Risch told the German business daily Handelsblatt in an interview. "A payment option…

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UPDATED: Binance resumes bitcoin withdrawals after second pause

Four hour block on bitcoin withdrawals across Sunday and Monday Pending transactions cleared with higher fees - Binance SINGAPORE, May 8 (Reuters) - Cryptocurrency exchange Binance halted bitcoin withdrawals for…

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Bitcoin could hit $100,000 by end-2024, Standard Chartered says

Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered STAN.L said on Monday, saying that the so-called "crypto winter" is over. Bitcoin could gain from factors…

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Despite industry headwinds, Bitcoin mining booms in Texas

By Evan Garcia and Dan Fastenberg MCCAMEY, Texas (Reuters) - Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas, according to a…

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UPDATED: Bitcoin climbs to 9-month high as bank turmoil sparks rally

By Tom Wilson and Georgina Lee LONDON/HONG KONG, March 20 (Reuters) - Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to…

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Bitcoin, USDC stablecoin rally after US intervenes on SVB

SINGAPORE, March 13 (Reuters) - Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and…

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UPDATED: Crypto stocks slide after Silvergate decides to shut down

March 9 (Reuters) - Shares of crypto-focused companies fell on Thursday in premarket trading after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath…

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Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency - designed as…

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Cryptoverse: Big investors edge back to bitcoin

Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117…

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Bitcoin climbs above $20,000 first time in over two months

Jan 13 (Reuters) - Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01…

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Crypto contagion deepens: Coinbase to slash nearly 1,000 jobs

Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan, in a third round of layoffs for the cryptocurrency…

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Regulators propose first global rules before ‘crypto winter’ thaw

Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a "crypto winter" wiped $2 trillion off the…

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Bitcoin-sterling volumes spike to record high as British currency flounders

LONDON, Sept 29 (Reuters) - Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm…

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Cost of crypto: report says U.S. bitcoin as dirty as 6 million cars

LOS ANGELES, Sept 23 (Thomson Reuters Foundation) - The carbon footprint of the U.S. bitcoin industry is rising at breakneck speed, a report from environmental groups found on Friday, now…

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Bitcoin falls below $19,000 as cryptos creak under rate hike risk

SINGAPORE, Sept 19 (Reuters) - Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around…

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Bitcoin once again slips below $20,000

Sept 18 (Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world's biggest and best-known cryptocurrency is…

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A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, (Reuters) - A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a…

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Bitcoin claws back ground after falling to 2-1/2 month low

LONDON, Sept 7 (Reuters) - Bitcoin clawed back ground on Wednesday after falling to its lowest level since mid-June as risk appetite across major asset classes sagged. The world's biggest…

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Bitcoin recovers after falling on news Tesla sold 75% of its holdings

NEW YORK, (Reuters) - Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc O had sold about 75% of its holdings of the virtual token. Tesla Chief Executive Elon Musk…

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Texas bitcoin miners back online after power surge caused curtailments

NEW YORK, (Reuters) - Large-scale bitcoin mining operations in Texas are back online after sweltering temperatures that caused electricity use to spike led to power curtailments earlier in the month, an industry…

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Bitcoin falls below $19,000, further shaking crypto markets

(Reuters) - Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year's high of $48,234 on March 28.…

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UPDATED: Crypto industry fears contagion as bitcoin slips under $20,000

LONDON/HONG KONG, June 20 (Reuters) - The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.…

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UPDATED: Bitcoin drops below $20,000 to lowest since December 2020

June 18 (Reuters) - Bitcoin dropped below $20,000 on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid rising interest rates. The…

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UPDATED: Bitcoin falls to fresh 18-month low as crypto meltdown deepens

LONDON, June 15 (Reuters) - Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week…

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Bitcoin drops 6.9% to below $30,000

June 1 (Reuters) - Bitcoin, the world's biggest and best-known cryptocurrency, dropped 6.9% to $29,555.35 at 22:03 GMT on Wednesday, losing $2,262.81 from its previous closing price. It was down 38.9% from…

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Small players lose faith in crypto after sell-off

Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into…

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Bitcoin back below $30,000; European regulators renew crypto warnings

HONG KONG, May 16 (Reuters) - Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. European officials reiterated warnings…

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FTX chief says Bitcoin has no future as a payments network- FT

May 16 (Reuters) - Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the…

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UPDATED: Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG / LONDON, May 12 (Reuters) - The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar…

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UPDATED: Bitcoin falls to lowest in 16 mths, giving up 2021 gains

HONG KONG, May 12 (Reuters) - Bitcoin fell to its lowest in 16 months on Thursday, leading a rush out of risk assets such as tech stocks, while the collapse of TerraUSD, a…

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Swiss National Bank opposed to holding bitcoin as a reserve currency

ZURICH, (Reuters) - The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's annual general meeting this week. "Buying bitcoin…

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European crypto industry steps up efforts to influence EU policy

More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to bring to heel rapidly growing decentralised finance…

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U.S. imposes sanctions on Russian darknet market and crypto exchange

The U.S. Treasury Department imposed sanctions on a prominent Russia-based darknet market site and a cryptocurrency exchange that it said operates primarily out of Moscow and St. Petersburg. The sanctions…

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Cryptoverse: Bitcoin runs into Russian rules and regiments

Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to…

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U.S. Justice Department solves its biggest-ever cryptocurrency theft

WASHINGTON/NEW YORK (Reuters) - The U.S. Justice Department said it has unraveled its biggest-ever cryptocurrency theft, seizing a record-shattering $3.6 billion in bitcoin tied to the 2016 hack of digital…

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Tesla’s bitcoin holdings worth nearly $2 bln – filing

Feb 7 (Reuters) - Tesla Inc said on Monday the fair market value of the electric-vehicle maker's bitcoin holdings as of Dec. 31 was $1.99 billion. In its annual filing…

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UPDATED: Bitcoin tumbles to six-month low as Ukraine conflict fears shake markets

LONDON, Jan 24 (Reuters) - Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend…

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Bitcoin falls again, last down 4%

Bitcoin dropped again on Saturday and was last down around 4% for the day, hovering around the $35,000 level. Bitcoin, the world's biggest and best-known cryptocurrency, is now about half…

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Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

The global computing power of the bitcoin network has dropped sharply as the shutdown this week of Kazakhstan's internet during a deadly uprising hit the country's fast-growing cryptocurrency mining industry.…

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Bitcoin slumps to lowest since September

LONDON, Jan 7 (Reuters) - Bitcoin on Friday slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies. Bitcoin was…

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Goldman Sachs says bitcoin will compete with gold as “store of value”

LONDON, Jan 5 (Reuters) - Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a…

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Stablecoins steal the limelight from subdued bitcoin

Dec 13 (Reuters) - As bitcoin, the world's largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another part of the digital…

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Blue Monday? Bitcoin tumbles 5% after weekend battering

HONG KONG, Dec 6 - Bitcoin tumbled almost 5% on Monday as the start of the week offered little respite to the world's largest cryptocurrency after a bruising weekend where…

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Bitcoin below $50,000, at early October levels, after weekend’s battering

HONG KONG, Dec 6 - Bitcoin hovered around $49,000 on Monday, down 1.5% on the day, as traders nursed losses after a brutal weekend in which the price of the…

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Bitcoin falls by a fifth, cryptos see $1 bln worth liquidated

Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12%…

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Bitcoin extends downtrend, falls 12.1% to $47,176

Bitcoin dived 12.14% to $47,176.09 on Saturday, losing $6,567.6 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 31.6% from the year's high of $69,000 reached…

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Bitcoin tumbles as coronavirus variant sees riskier assets dumped

LONDON, Nov 26 (Reuters) - Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety…

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El Salvador plans first ‘Bitcoin City’, backed by bitcoin bonds

El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said in the weekend, doubling down on his bet to harness the…

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Bitcoin heads for worst week in months as Mt Gox payouts loom

SYDNEY, Nov 19 (Reuters) - Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a…

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Bitcoin, ether nurse losses, lurk near critical levels

HONG KONG/SINGAPORE, Nov 17 (Reuters) - Bitcoin and ether, the world's two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if…

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Crypto assets are helping illegal activity, BoE’s Bailey says

Bank of England Governor Andrew Bailey said that the rise of crypto assets was helping illegal activity. "I'm afraid that the advent of digital means of payment, and in particular…

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New York Mayor-elect Adams says he will take his first three paychecks in bitcoin

New York Mayor-elect Eric Adams said he would take his first three paychecks in bitcoin and signaled his intention to make his city the "center of the cryptocurrency industry" after…

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Bitcoin edges off all-time high but momentum for more gains this year seen intact

HONG KONG, Oct 21 (Reuters) - Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first U.S.…

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Bitcoin sits below all-time high after U.S. ETF debut

Bitcoin hovered below record levels on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive…

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U.S. becomes largest bitcoin mining centre following China ban

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published by the UK's Cambridge Centre for Alternative Finance showed. Chinese authorities…

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