Cryptocurrency

Iran, pressured by blackouts and pollution, targets Bitcoin

Iran’s capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped. With toxic smog blanketing Tehran skies and the country buckling under the pandemic and other mounting crises, social media has been rife with speculation. Soon, fingers […]

Bitcoin crosses $40K mark, doubling in less than a month

First it went through $20,000. Then 10 days later, it broke through $25,000, and then, with barely taking a breath, it crossed $30,000. Now only a few days into 2021, the price of bitcoin has crossed $40,000. Nothing’s new with the digital currency in the month since it crossed $20,000 — there’s been no major […]

Cryptocurrencies: adoption and transfers on the rise in Africa

Transfers made through mobile money applications have become increasingly popular in Africa leading to a rise in the use of cryptocurrency in Nigeria, Africa’s largest economy. According to Statista, Nigerians were the most likely to say they used or owned cryptocurrency, out of 65 countries. Cryptocurrencies used in Africa include Bitcoin, Dash and Lisk in […]

Japan court backs Karpeles conviction for data manipulation

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — A Japanese high court on Thursday upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. The Tokyo District Court last year sentenced […]