China is closing its cryptocurrency exchanges. I could spell the beginning of the end for Bitcoin, after it recently rallied from one record high to another. Experts fear that investors are in for a wild ride and the Bitcoin bubble "won't end well".
Cryptocurrencies have grabbed a lot of attention in recent days as the value of bitcoin skyrocketed to hit record highs and Venezuela announced plans to create a digital currency called "petro."
Few people use bitcoin to buy anything — but everyone pays for its environmental impact. Does mining the cryptocurrency actually consume more electricity than Ireland?
In January, one Bitcoin cost about $700 (€589). Now it's reached $11,000. We look at what Bitcoin is, why it's inflating, and whether it's likely to become a common way for people to pay for stuff.
This year has seen cryptocurrency bitcoin shatter all growth expectations, continuing to defy dark predictions. In Zimbabwe, its growth has been particularly striking, all the more so amid recent political turbulence.
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