Bitcoin has reached a new all-time high, continuing a rally that has seen its price climb over 50% since Donald Trump’s victory in the 5 November election. The world’s leading cryptocurrency briefly surpassed $106,000 (£83,890) before settling around $104,500 during Monday morning trading in Asia. Analysts attribute the surge to optimism over the incoming Trump … Read more
A hacker has been sentenced to five years in prison in the US for laundering proceeds from one of the largest cryptocurrency thefts in history. Ilya Lichtenstein pleaded guilty last year to his involvement in the 2016 hack of the Bitfinex cryptocurrency exchange, where nearly 120,000 bitcoin were stolen. EDITOR’S PICKS Electricity Meter Costs Rise … Read more
Bitcoin is nearing the $80,000 mark for the first time, fueled by President-elect Donald Trump’s positive stance on digital assets and a pro-crypto Congress. The cryptocurrency surged by 4.3% to an unprecedented $79,771 on Sunday, holding close to $79,000 by 2:05 p.m. in Singapore. Smaller cryptocurrencies like Cardano and Dogecoin also saw gains. On the … Read more
Nigeria’s Securities and Exchange Commission (SEC) has granted approval in principle to two cryptocurrency exchanges, Quidax and Busha, officially recognizing them as legal crypto trading platforms in the country. EKO HOT BLOG reports that these approvals were issued under the Commission’s Accelerated Regulatory Incubation Program (ARIP). Additionally, the SEC has admitted four other companies—Trovotech Ltd, … Read more