Cryptocurrencies post record outflows in first week of 2022 -CoinShares

Cryptocurrencies post record outflows in first week of 2022 -CoinShares

Representations of virtual currency Bitcoin are seen in this picture illustration taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 10 (Reuters) – Cryptocurrency investment products and funds had net outflows last week totaling a record $207 million, a report from digital asset manager CoinShares … Read more

Stablecoins steal the limelight from subdued bitcoin

Stablecoins steal the limelight from subdued bitcoin

Dec 13 (Reuters) – As Bitcoin, the world’s largest digital currency, struggles to recover from a massive meltdown, the regulatory and private sector focus has shifted to another part of the cryptocurrency world: stablecoins. Last week saw Meta Platforms Inc (FB.O) trial its own stablecoin payments wallet, while the world’s largest Visa (VN) payment processor … Read more

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

Bitcoin ‘hash ratio’ drops after internet shutdown in Kazakhstan In August, the country acquired 18% of global bitcoin production capacity The share has grown sharply in the wake of China’s campaign Kazakhstan cut off the internet after bloody protests LONDON, Jan 6 (Reuters) – The global computing power of the bitcoin network has fallen sharply … Read more