Financial technology

In the last 24 hours, positions worth $526 million were liquidated in the cryptocurrency market - Concerns on Wall Street about the risk of a sharp correction

Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300, according to reports from AFP.

In a testament to its enduring resilience, Bitcoin, the world's leading cryptocurrency, continued its upward trajectory on Wednesday, inching closer to the significant milestone of ,000. The cryptocurrency's resurgence has been fueled by a confluence of factors, including positive industry developments and growing investor optimism.

The most popular cryptocurrency engages in another jump in the last few hours - As of November 2021 it holds the record of $69,000

The Finance Ministry and tax authorities are preparing to create a framework for the taxation of cryptocurrencies, with the establishment of the relevant committee being the first step. The difficulties mainly concern monitoring trade, as those who sell cryptocurrencies are unknown. At the moment the focus, until rules are put in place, is on the fight against money laundering.

To counter money laundering and terrorist financing, the European Union has reached a partial agreement, imposing a €10,000 cap on cash payments. The agreement, struck between member states and the European Parliament, aims to safeguard European citizens and the EU financial system from illicit financial activities.

Albanian police have said they have dismantled a crime ring based in the city of Korce that defrauded Greek citizens by withdrawing thousands of euros from their bank accounts.

Around 5,000 people in Greece were defrauded by the gang, which was led by a 30-year-old man from Tirana and a 29-year-old man from Korce, police said.

Today, a startling discovery unfolded in the Bulgarian town of Dupnitsa as three cryptocurrency machines were found within the confines of the stadium's municipal premises. The unanticipated uncovering took place during an inspection by officers who promptly filed a report upon their discovery.

Lithuania finds itself at the forefront of cryptocurrency expansion within the EU, boasting one of the largest counts of crypto companies. However, this surge has prompted regulators to sound the alarm, citing concerns about potential misuse for money laundering and criminal endeavors, as reported by Latvian public electronic media.

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.

Bitcoin this week reached above $44,000 for the first time since April last year, yet still remains far from a record-peak of almost $69,000 in 2021.