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Amazon denies report of accepting bitcoin as payment

WASHINGTON: Amazon has denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report from London’s City A.M. newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up

Britain bans Binance in cryptocurrency crackdown

LONDON:  Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally. The Financial Conduct Authority (FCA)

El Salvador becomes first country to approve bitcoin as legal tender

SAN SALVADOR: Bitcoin will become legal tender in El Salvador, making it the first nation to adopt a cryptocurrency for everyday use. Lawmakers in the Central American nation’s Congress passed a bill that will eventually allow the volatile digital currency

Bitcoin prices plunge as China launches crackdown on cryptocurrency

SAN FRANCISCO: Bitcoin’s value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 — less than

Bitcoin hits $1 trillion market value to all-time peak

NEW YORK: The price of bitcoin crossed another major milestone as the cryptocurrency surpassed market capitalization of $1 trillion to set another record. The world’s most popular cryptocurrency jumped to an all-time high of $56,399.99, posting a weekly gain of

Bitcoin tops $50,000 as it gains mainstream acceptance

LONDON: Bitcoin rose above $50,000 for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Bitcoin hit a record $50,603 on Tuesday and was last

Netizens demand govt to legalise bitcoin in Pakistan

Social media users on Twitter have demanded to legalise Bitcoin, a cryptocurrency that was created in 2009. A hashtag named “WaqarZakaWasRight” is trending on Twitter as the social media celebrity was the one who initiated to work on legalizing the

US seizes $1 billion in bitcoin connected to ‘Silk Road’

WASHINGTON: The United States Justice Department announced it had seized over $1 billion worth of bitcoin associated with the underground criminal syndicate and online marketplace Silk Road. The Justice Department said it was seeking the forfeiture of the cryptocurrency, which

Twitter accounts of Biden, Musk, Obama, Gates hacked

SAN FRANCISCO: Twitter suffered a major security breach that saw hackers take control of the accounts of major public figures and corporations, including Joe Biden, Barack Obama, Elon Musk, Bill Gates, Jeff Bezos and Apple. Twitter disabled the ability to

China passes cryptography law for digital currency

BEIJING: China’s parliament has passed a new law on cryptography as the country gears up to launch its own digital currency.. China’s central bank set up a research team in 2014 to explore launching its own digital currency to cut