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Tag Archives: bitcoin

EU governments, Uganda’s Kasaija warn about crypto-currencies

Kampala, Uganda | THE INDEPENDENT & AFP | A day after Uganda’s Finance Minister Matia Kasaija warned about the use of crypto-currencies, European governments are asking questions about Libra, forcing Facebook’s partners to reconsider. Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts …

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Gov’t tells Ugandans to stay away from cryptocurrencies

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …

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Behind Bitcoin’s collapse

The real cost of the digital cryptocurrency’s fall from grace Kampala, Uganda | THE INDEPENDENT | Bitcoin hit its highest valuation a year ago, reaching above £15,000 on some exchanges. Since then, a unit of the cryptocurrency has dropped 80% and is valued at less than £3,000. According to Sky …

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Bitcoin falls below $5,000 for first time since Oct 2017

London, United Kingdom | AFP | The value of bitcoin slipped Monday below $5,000 (4,367 euros) for the first time since October 2017 as volatility returned to the cryptocurrency market. Data compiled by Bloomberg showed the world’s most popular virtual currency losing about 10 percent of its value from Friday …

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Cryptocurrency bitcoin marks 10 years

London, United Kingdom | AFP | October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global financial crisis, in a white paper written …

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Bitcoin drops below $6,200 for first time in three months

Tokyo, Japan | AFP | Bitcoin plunged 20 percent to a three-month low on Tuesday, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell to $6,190 for the first time since mid-November, …

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Facebook bans ads for cryptocurrencies

Washington, United States | AFP | Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. The social media giant said it is barring ads for “financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, …

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European stocks dip, bitcoin crashes below $10,000

London, United Kingdom | AFP | Europe’s major stock markets churned lower Wednesday as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward trend. Virtual currency bitcoin meanwhile dived, falling below $10,000 for the first time in six weeks in what one analyst called a …

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