Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36 percent from levels around $0.65 before Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live."
Turkey’s unregulated crypto market has come under closer scrutiny by the government, as it begins to tighten restrictions and float a tax regime.
The latest spike in the price of meme-based cryptocurrency is fuelled by renewed endorsements by the billionaires and listings on eToro and Gemini exchanges.
The move came after Vebitcoin announced that it stopped all of its activities citing financial strains.
Police teams carry out simultaneous raids in eight different provinces to detain 62 of 78 suspects with warrants issued for their arrest.
Outlined below is an examination of how central bank digital currencies could resemble and differ from cryptocurrencies and "stablecoin" projects like Facebook-backed Diem.
The Bank of England and the Treasury say that they will work together to assess the benefits of a central bank digital currency.
The central bank statement cites security risks as a reason as crypto assets are “neither subject to any regulation and supervision mechanisms nor a central regulatory authority".
Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights.
The global cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2 trillion as it increasingly attracts interest from big names on Wall Street.
Cryptocurrency’s protection against inflation has been one of key drivers behind its popularity with the Turkish public.
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