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Bitcoin sanctions could be next, but most Russians won’t care Via CNBC.com: As Moscow’s war on Ukraine rages on and the Russian economy and currency spiral to new lows, Washington is reportedly trying out a new way to dial up the pressure on Putin: sanctions targeting cryptocurrencies like bitcoin and ethereum. The Department of Justice announced early Wednesday a new task forcebroadly designed to enforce sanctions. As part of that, […]

Bitcoin jumps more than 7% as cryptocurrencies rebound after major sell-off Via CNBC.com: Cryptocurrencies jumped on Friday following a steep sell-off a day earlier that saw around $150 billion wiped off the market after Russia invaded Ukraine. Bitcoin was trading about 7.47% higher at $38,300 at 4:22 a.m. ET, according to Coindesk data. The world’s largest cryptocurrency has risen above $39,000 in the last 24 hours. Bitcoin had fallen as […]

Bitcoin rises to its highest level in a month Via CNBC.com: The price of bitcoin climbed more than 6% on Monday, hitting its highest level in a month. Bitcoin rose to as much as $44,500, according to Coin Metrics, its highest level since Jan. 5. Back then, it hit a high of $47,013. As of 4:02 p.m. ET, bitcoin traded at $44,068.88. Those moves built on a sharp pop on […]

More than $320 million stolen in latest apparent crypto hack Via CNBC.com: One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $600 million Poly Network crypto heist, and it is the largest attack to date on solana, a rival to ethereum that is increasingly gaining traction in […]

India to launch its own digital currency in 2022-2023 Via CNBC.com: India’s central bank will launch a digital version of the rupee in the next financial year, the country’s finance minister said on Tuesday. “Introduction of a central bank digital currency will give a boost, a big boost to the digital economy,” Nirmala Sitharaman said as she delivered the country’s annual budget. “Digital currency will also lead to a more […]

Bitcoin slumps to $35,000 as cryptocurrencies extend steep losses Via CNBC.com: Cryptocurrencies continued their dramatic slide on Saturday, with bitcoin losing nearly half of its value since hitting its November high. Bitcoin, the world’s most valuable cryptocurrency by market value, tumbled about 8% on Saturday to trade just above $35,000. The coin hit a record high of $69,000 in November. Meantime, ether, the second-largest cryptocurrency by market cap, sank nearly […]