cryptocurrencies

With so many cryptocurrencies, why do any of them have value?

Many experts insist that so far cryptocurrenies, promoted in high-budget ad campaigns, are next to useless except for the purpose of getting rich on rising valuations. As examples proliferate, informed sceptics worry a nose-dive could destabilize conventional markets.Movie star Matt Damon has attracted unfavourable media attention for appearing in an ad for Singapore-based Crypto.com comparing…

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Bitcoin, other cryptocurrencies plunging after China announces ban

Bitcoin and ether tumbled on Wednesday to three-and-a-half month lows, on track to post their largest one-day loss since March last year.Bitcoin, the biggest and best-known cryptocurrency, has hit a three-and-a-half-month low. (CBC News)Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster…

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