If you follow the cryptocurrency markets you will have noticed it hasn't been a great week for them, with the sector as a whole losing almost $1 trillion (€820 billion) in the biggest one-day drop since March 2020.
The price of Bitcoin fell by almost a third at one point on Wednesday. Despite a later rally, Bitcoin lost around $70 billion (€57.3 billion) in market value in just 24 hours.
Rival coin Ethereum was among the other cryptocurrencies plummeting in value this week, dropping 28 per cent on Wednesday. Reddit favourite Dogecoin reached a low of $0.33 (€0.27) on Wednesday, before falling again to $0.31 (€0.25) on Thursday.
Read more at:
Nearly $1 trillion has just been wiped off the cryptocurrency market. What happened? | Euronews
Showing posts with label Cryptocurrency. Show all posts
Showing posts with label Cryptocurrency. Show all posts
Thursday, May 20, 2021
Thursday, September 17, 2015
Banking Industry: Nine of the World’s Biggest Banks Form Blockchain Partnership
Nine of the world’s biggest banks, including Goldman Sachs and
Barclays, have joined forces with New York-based financial tech firm R3
to create a framework for using blockchain technology in the markets,
the firm said on Tuesday.
It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin — a controversial, Web-based “cryptocurrency” — can be used in finance.
Over the past year, interest in blockchain technology has grown rapidly. It has already attracted significant investment from many major banks, which reckon it could save them money by making their operations faster, more efficient and more transparent.
Read more: Nine of the World’s Biggest Banks Form Blockchain Partnership | Re/code
It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin — a controversial, Web-based “cryptocurrency” — can be used in finance.
Over the past year, interest in blockchain technology has grown rapidly. It has already attracted significant investment from many major banks, which reckon it could save them money by making their operations faster, more efficient and more transparent.
Read more: Nine of the World’s Biggest Banks Form Blockchain Partnership | Re/code
Wednesday, September 16, 2015
Banking Industry: Nine of the World’s Biggest Banks Form Blockchain Partnership
Nine of the world’s biggest banks, including Goldman Sachs and
Barclays, have joined forces with New York-based financial tech firm R3
to create a framework for using blockchain technology in the markets,
the firm said on Tuesday.
It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin — a controversial, Web-based “cryptocurrency” — can be used in finance.
Over the past year, interest in blockchain technology has grown rapidly. It has already attracted significant investment from many major banks, which reckon it could save them money by making their operations faster, more efficient and more transparent.
Read more: Nine of the World’s Biggest Banks Form Blockchain Partnership | Re/code
It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin — a controversial, Web-based “cryptocurrency” — can be used in finance.
Over the past year, interest in blockchain technology has grown rapidly. It has already attracted significant investment from many major banks, which reckon it could save them money by making their operations faster, more efficient and more transparent.
Read more: Nine of the World’s Biggest Banks Form Blockchain Partnership | Re/code
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