cryptocurrencies

Bitcoin price falls 6% as cryptocurrencies slide

Bitcoin was trading lower by more than 6% on Thursday morning.

The price was around $32,920 per coin, while rivals Ethereum and Dogecoin were trading around $2,200 and 21 cents per coin, respectively, according to Coindesk.

The Securities and Exchange Commission wants more time to review SkyBridge Capital’s application for a bitcoin exchange-traded fund, according to a filing by the U.S. regulatory agency and reported by Coindesk.

The SEC has extended the initial 45-day review period to Aug. 25. Anthony Scarammuci’s SkyBridge Capital

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Cryptocurrency dealers face closure for failing UK money laundering test | Cryptocurrencies

Up to 50 companies dealing in cryptocurrencies such as bitcoin may be forced to close after failing to meet the UK’s anti-money laundering rules.

The Financial Conduct Authority, the City regulator, announced on Thursday that an “unprecedented number” of companies had withdrawn applications from a temporary permit scheme that allowed firms to continue trading until the regulator could green-light or formally reject their operations.

A “significantly high number” of those firms had been warned that they were falling short of anti-money laundering standards intended to stop criminals and terrorist groups from disguising the source of their money, usually through a

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Antivirus firm Norton to offer cryptocurrency mining | Cryptocurrencies

Millions of people will soon be able to mine cryptocurrencies without installing any extra programs after the antivirus company Norton announced plans to add the feature to its LifeLock security software.

The company says the new feature, Norton Crypto, is intended to allow users to put their computers to work mining cryptocurrency – and eventually earning real money – without needing to risk using unvetted software.

“We are proud to be the first consumer cyber safety company to offer coinminers the ability to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency,”

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10 Best Cryptocurrencies Redditors are Buying

In this article, we will take a look at the 10 best cryptocurrencies Redditors are buying. You can skip our detailed analysis of these cryptocurrencies, and go directly to 5 Best Cryptocurrencies Redditors are Buying.

The free fall in the prices of cryptocurrencies over the past week has exacerbated investor concerns around volatile technology stocks. However, market experts like Cathie Wood, who reportedly holds the largest institutional investment in cryptocurrencies through her firm, Ark Investment Management, have dismissed the recent fall in value of digital assets as a temporary setback, backing currencies like Bitcoin to touch record

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Stocks week ahead: Has Wall Street missed the boat on cryptocurrencies?

One reason banks are hesitant: Cryptocurrencies are still in regulation purgatory.

The US government, for example, can’t decide what they are. As currencies they face very little regulation. But as securities, such as stocks and other investments, they would face a different level of scrutiny.

In December 2020, the US Securities and Exchange Commission filed a lawsuit against crypto platform Ripple and its leadership for the alleged illegal selling of unregistered securities — in form of its cryptocurrency XRP — worth $1.3 billion.

The case, which is ongoing, suggests XRP is a security and not a currency, because otherwise securities

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10 Best Cryptocurrencies To Invest in for 2021

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Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with Bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently more than 5,000 cryptocurrencies on the market.

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, investing in cryptocurrency can be risky if you don’t know where to begin. These are the top 10 cryptocurrencies that are most worthy of investment in 2021.

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Bitcoin (BTC) price plunges as $260 billion wiped off cryptocurrencies

LONDON/GUANGZHOU, China — Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling.

Bitcoin was down 7.3% at $49,730, according to Coin Metrics data. It’s the first time bitcoin has traded below $50,000 since early March. Ether fell to $2,320, down 8%. XRP, the fifth-biggest cryptocurrency, plunged 16%.

Bitcoin rebounded late Friday to above $51,000.

This wiped out more than $200 billion of value from the entire cryptocurrency market, according to data from CoinMarketCap.

“The market has run up quite a bit overall, and

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