bitcoin
Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed. FTX said in a court filing in the United States late on Tuesday that it owes about $11.2 billion (€10.4 billion) to its creditors. The exchange estimates that it has between $14.5 billion (€13.5 billion) and $16.3 billion (€15.1 billion) to distribute to them. How did we get to this point? Here is a timeline of what led up to this week's announcement after an implosion at FTX kicked off wh...
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The fourth Bitcoin halving event is almost upon us with, if history is any indicator, the cryptocurrency likely to see a post-halving surge. Bitcoin halving is an event that takes place approximately every four years, which sees the number of bitcoins released as mining rewards decrease by 50%. Currently the Bitcoin reward is 6.25 BTC. However, after the fourth halving, the reward will fall to 3.125 BTC. As a result, the amount of Bitcoins in circulation becomes even scarcer, causing a surge in demand amongst investors. This is mainly because Bitcoin has a finite supply, with only a maximum of...
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For some, it's a bubble, for others, it's a huge investment opportunity. Bitcoin went a lot further than many would have imagined in January 2009, but it has yet to show its full potential. The traditional financial industry has already adopted crypto technology in many ways, but the expectations are that crypto is going to be an option when people pay for their taxes as well as their coffee in a few years. While regulation is on its way in the EU, Bitcoin has already been introduced to pave the way in Switzerland. Which provided a higher yield in the last decade: Bitcoin or a house in London?...
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London's property market has proved to be one of the best bets for investment over the past 10 years, with a yield of more than 44%, according to a recent market analysis by British estate agency Foxtons. The estate agent analysed the performance of the UK capital's residential property market against nine other popular investment options, including Bitcoin and the FTSE 100. It found that only two investment assets have delivered higher returns on investment over the past decade. It is hard to beat the breathtaking 4,963% yield Bitcoin has seen in that 10-year period. The cryptocurrency had an...
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Bitcoin briefly soared above $67,000 (€61,544) on Thursday morning, before once again settling around $61,544 in the afternoon. This was a considerable rebound following Wednesday’s dampened sentiment. The rise was mainly due to the US Federal Reserve choosing to keep interest rates steady at their March FOMC meeting on Wednesday evening. Explaining the decision, the US Fed said, in a statement: "Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year,...
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Either you adapt or you die - that’s the sentiment across the globe when it comes to the adoption of digital assets, including cryptocurrencies, by traditional banks. And Europe, at the moment, is leading the global race, with Switzerland on top: not only can some of its residents now pay for their coffees using crypto, but their taxes too. The European Union is catching up, with crypto assets becoming widely regulated when the Markets in Crypto-Assets Regulation (MiCAR) comes online on 1 January 2025. “Europe became one of the leaders here, especially when we speak about this framework for re...
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The biggest cryptocurrency by market value is continuing to rally with the price reaching above $65,000 (€59,919) in the early Asian trade on Monday, as institutional investors pushed up the prices of cryptocurrencies. The CoinDesk Bitcoin Price Index (XBX) had a peak of $65,563.25 (€60,408.34) in the early hours of Monday. The $65,000 is about 5% below Bitcoin's all-time high value in dollar terms of $69,000 which was set in November 2021. One of the main drivers of the current rally is that investment in crypto funds has risen rapidly since a financial product linked to Bitcoin, called Spot ...
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Bitcoin’s price briefly topped $64,000 on Wednesday for the first time since 2021, pulling closer to its record of nearly $69,000 after rising more than 40% so far this year. It was trading at $63,385.00 early Thursday. Meanwhile, Coinbase gained 0.8% after rising more earlier in the day to continue its strong run as Bitcoin’s price keeps rallying. New exchange-traded funds (ETFs) that make investing in Bitcoin easier have raised interest in the cryptocurrency, with BlackRock’s iShares Bitcoin fund alone quickly growing to $7 billion in assets. Which yielded more in the last decade: Bitcoin or...
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The price of cryptocurrency's flagship stock has shot above the €55,000 ($60,000) mark for the first time since November 2021, when it hit a record-high of what today would be the equivalent of above €60,000 ($68,991). Bitcoin has risen by 43% since the start of the year with a current market value of almost 1.3 billion dollars. This growth is believed to have been driven by the US Securities and Exchange Commission's authorisation of the launch of exchange-traded funds which hold the cryptocurrency. Other bitcoin-related equities have also seen success. Bitcoin proxy Microstrategy jumped 10% ...
Euronews (English)
The world's largest cryptocurrency by market cap is rallying due to big investors' growing appetite. Bitcoin's price rose 10% in two days and was trading at more than $56,000 (€51,606), the highest since November 2021. The CoinDesk Bitcoin Price Index (XBX) had a peak of $56,940.18 (€52,472.08) in the last 24 hours but the index lowered to around $56,500 (€52,0660) by Tuesday morning in Europe. One of the main drivers of the current rally was crypto investor and software firm MicroStrategy announcing a large purchase of 3,000 bitcoins for $155 million (€143 million). Cryptocurrencies are incre...
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