🔒 Bitcoin rally shows that where tech stocks go, cryptocurrencies follow
Bitcoin rips through a nine-day rally as the cryptocurrency sets pace for its longest winning streak since 2020.
Bitcoin rips through a nine-day rally as the cryptocurrency sets pace for its longest winning streak since 2020.
The duo discusses the current state of regulation in SA, providing context for the declaration that crypto assets are a financial product.
A common misconception is that all cryptocurrencies are attempting to displace fiat currency (R, $, £, €). This is certainly not the case for all.
“In Jan, the daily value of crypto-asset trading exceeded R2bn for the first time in SA, in a market that was largely going unchecked by regulatory powers.”
The US Federal Reserve expects introducing its own Bitcoin-alternative by 2023. Alarm bells are ringing louder than ever.
“Investors have shunned riskier assets this week, marking a sudden shift in mood that is delivering heavy losses to inexperienced traders.”
Professor Sarah Hall spoke to BizNews about the digital yuan. China has created its own digital currency, a first for a major economy.
A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial system.
Bitcoin fell as much as 15 percent on Friday, extending its loss from its intraday high this month to more than 30 percent.
Bitcoin topped $8 000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month.