Cryptocurrency

    • Spain's BBVA opens crypto-trading for Swiss clients

      Spain's BBVA opens crypto-trading for Swiss clients

      The Spanish BBVA announced it was starting trading with bitcoins as part of services offered to private banking clients in Switzerland, Reuters reported. The move follows several calls from customers interested in digital asset investment. The bank said the new business would include bitcoin trading and custody services, with the prospect of extending it to other cryptocurrencies. It would not offer advice on these types of investments, the statement said.

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    • Crypto miners squeezed by new crackdown

      Crypto miners squeezed by new crackdown

      Big international crypto miners suffered intensive pressure from China and that hampered the price of Bitcoin and other crypto assets, Reuters reported. The operation of Beijing was focused on Bitcoin mining and trading. A State Council committee led by Vice Premier Liu announced the crackdown as part of efforts to fend off financial risks.

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    • SpaceX eyes cryptocurrency as lunar mission payment

      SpaceX eyes cryptocurrency as lunar mission payment

      The company of billionaire Elon Musk SpaceX announced it would launch “DOGE-1 Mission to the Moon” in the first quarter of 2022 and said it would accept cryptocurrency dogecoin as payment, Reuters reported. The commercial rocket company extends the ambitions of Musk to introduce crypto payments. "SpaceX launching satellite Doge-1 to the moon next year - Mission paid for in Doge - 1st crypto in space -1st meme in space", Musk said in a tweet.

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    • Coinbase value spikes to $86bn in debut trading

      Coinbase value spikes to $86bn in debut trading

      The crypto currency Coinbase made a smashing debut and it saw its shares surge and marked value reaching as high as 86 billion dollars after touching briefly 100 billion, AP reported. Coinbase Global IPO is seen by some as an inflection point for digital currencies, as Coinbase’s fortunes are closely tied to Bitcoin, the most popular crypto currency. Bitcoin’s price topped $64,000 in mid-week trading, up from $29,000 at the start of the year, and Coinbase said recently that first-quarter revenue should total around $1.8 billion, exceeding its revenue for all of 2020.

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    • PayPal says will shun crypto assets as investment tools

      PayPal says will shun crypto assets as investment tools

      The PayPal payments platform said it is not likely to invest in cryotocurrences, Reuters said quoting interview with Chief Financial Officer John Rainey. Earlier in October 2020 PayPal said it would allow customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.

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    • Mastercard opens up network to cryptocurrencies

      Mastercard opens up network to cryptocurrencies

      Mastercard announced plans to offer support and access for some cryptocurrencies on its network, Reuters reported. The move is expected later this year. Mastercard’s pledge comes after series of similar vows by major companies. Earlier this week Elon Musk’s Tesla revealed it had purchased $1.5 billion worth of bitcoin and would soon accept it as a form of payment.

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