Cryptocurrency chaos as China cracks down on ICOs

By Brenda Goh and Elias Glenn SHANGHAI/BEIJING, Sept 13 (Reuters) – China’s move last week to ban initial coin offerings (ICO) has caused chaos among start-ups looking to raise money through the novel fund-raising scheme, prompting halts, about-turns and re-thinks. China is cracking down on fundraising through launches of token-based digital currencies, targeting ICOs in … Read more

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency. Despite the turbulence, celebrities and others who bought in early are still up big – but small investors who … Read more

Cryptocurrency ethereum is flourishing but risks linger

By Gertrude Chavez-Dreyfuss NEW YORK, May 7 (Reuters) – Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized finance (DeFi) and the anticipation of a technical adjustment this summer, but it faces hurdles that could stall its rise. With a jump of more than 350% in its price this … Read more

Cryptocurrency traders are still struggling to profit from bitcoin’s recent record run as their funds continued to be frozen inside the most popular cryptocurrency exchange for as long as five weeks

Cryptocurrency traders are still struggling to profit from bitcoin’s recent record run as their funds continued to be frozen inside the most popular cryptocurrency exchange for as long as five weeks. Some customers of Coinbase, which lets users buy, sell and store cryptocurrencies like bitcoin and ethereum, continue to be told their accounts are ‘under … Read more

Bitcoin, Ethereum prices in free fall as China plans crackdown on mining and trading

id=”article-body” class=”row” section=”article-body”> Bitcoin has seen much better days.  Getty Images , , and every available had a terrible week. Prices began falling Wednesday following the news of China reaffirming its ban on the crypto services for its financial institutions. Then, after a brief rebound Thursday, prices fell again Friday when a statement from a … Read more