Ethereum: Latest News

Senior federal bureaucrats examined whether cryptocurrencies protect against inflation not long after Opposition Leader Pierre Poilievre made the claim as a candidate in the Conservative leadership race, according to an internal government document.

Binance, the largest cryptocurrency exchange in the world, says it is pulling out of the Canadian market.

cryptocurrencies is deepening.Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9% to less than $19,000, according to CoinDesk.The last time bitcoin was at this level was November 2020, when it was on its way up to its all-time high of nearly $69,000.Bitcoin has now lost more than 70 percent of its value since reaching that peak.MADRID, SPAIN - 2022/06/17: A store offering numerous cryptocurrency electronic cash such as Bitcoin (BTC, BCH) and Ethereum (Ether, ETH) ATM machine in Spain. (Photo by Xavi Lopez/SOPA Images/LightRocket via Getty Images) Ethereum, another widely followed cryptocurrency that's been sliding in recent weeks, took a similar tumble on Saturday.RELATED: Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operationsIt's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.

The plummeting value of Bitcoin and turmoil across major cryptocurrency platforms has many investors fretting about their digital wallets and leaders in the space warning about a “crypto winter.”

NEW YORK - Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing "extreme market conditions."It's the latest high profile collapse of a pillar of the cryptocurrency industry. These meltdowns have erased tens of billions of dollars of investors' assets and spurred urgent calls to regulate the freewheeling industry.Bitcoin was trading at roughly $23,400 Monday afternoon, down more than 16% in the past day.

Cryptocurrency has been described by some observers as a “Wild West,” so it’s no surprise that of all Canadian provinces, Alberta is the one that has set its sights on becoming a North American hub for the maverick industry.

The Glenrose Rehabilitation Hospital Foundation is now accepting cryptocurrency as donations.

Bitcoin continued its surge Friday morning, rising by nine per cent to $60,196 (US$47,536) — its highest level in 12 days.

LOS ANGELES - Fans of the wildly popular "Tiger King" documentary from Netflix will get a chance to purchase non-fungible tokens (NFTs) and other collectible items seen in the series starting June 18. Joe Exotic, the former zookeeper featured in the documentary, is launching his partnership with MORE, a cryptocurrency company, from his prison cell in Fort Worth, Texas with an auction that will give the public a chance to purchase items seen in the "Tiger King," according to a MORE news release. NFTs are fueling a frenzy among artists and investors looking to cash in on the market that has ballooned by as much as $1.5 billion so far this year. These digital collectibles are irreplaceable assets that can be bought or traded like any other

Bitcoin tumbled below the US$40,000 mark on Wednesday to a three-and-a-half-month low and dragged down the prices of other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it as low as US$38,514, for a nine per cent fall.By 0855 GMT, it had recovered to US$40,627, still down five per cent on the session.The cryptocurrency has tumbled nearly 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.

NEW YORK – Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin.

PayPal said in a news release."As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet," said Dan Schulman, president and CEO of PayPal.FILE - Bitcoin golden physical coin illustration on dark black background with reflection.