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Bitcoin's Most Profitable Use: the $600 Billion Overseas Remittance Business? Though leading cryptocurrency bitcoin is facing crackdowns by various governments across the globe, it's experiencing a surge in the overseas remittance market. Instead of being used as a currency, bitcoin is increasingly being used as a medium for global money transfers. It allows the user to do away ...
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"Very, very dull": What happened to India's white-hot cryptocurrency market? From a peak of 15,000 units per day towards the end of 2017, cryptocurrency trade in India has declined by almost 90% to a mere 1,500 units as of March 2018, industry experts say. Even the value of such currencies has taken a severe beating. For instance, Bitcoin, the most popular virtual currency, ...
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Cryptocurrencies fall more than 10% as selloff continues The No. 1 digital currency, bitcoin BTCUSD, -9.25% fell below $7,500, trading to an intraday low of $7,331.52. A single bitcoin was last exchanged at $7,425.61, down 6.4%. Other major digital currencies have taken bigger hits with many losing more than 10%. Ether was down as much as 10.8%, trading ...
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China is reportedly taking the first steps to pay for oil in yuan: Sources China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing's efforts to establish its currency internationally. Shifting just part of global oil trade into the yuan is potentially huge.
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China's central bank to clean up virtual currencies China's central bank said it would clean up various sorts of virtual currencies in 2018 in its latest effort to step up financial supervision. Last September, Chinese authorities including the People's Bank of China (PBOC) ordered a ban on initial coin offerings, in which technology start-ups issue their own ...
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FOREX-Euro edges higher after German jobs strength LONDON, March 29 (Reuters) - The euro gained slightly on Thursday after data showing German unemployment falling more than expected pointed to continued strength in the euro zone's largest economy, while end-of-quarter investor rebalancing limited broader currency moves. The single currency ...
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Scammers Are Posing As Crypto Exchange Support Staff, Says FBI "The virtual currency is never returned to the victim, and the criminal ceases all communication." The warning highlights the lengths to which scammers seeking to defraud cryptocurrency users will go to find targets. But this isn't a new phenomenon: a number of popular online platforms, from Google to ...
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