Ethereum

Bitcoin tumbled below the 40,000 USD mark on Wednesday hitting a 3,5 month low and dragging down other digital coins after China imposed new restrictions on transactions involving cryptocurrencies.

The coin is now down 40% from a record high of almost USD 65,000 hit on April 14. It is also heading for its first monthly decline since November 2018.

The Turkish police have identified three more suspects in the Thodex cryptocurrency exchange platform fraud case, Demirören News Agency reported on May 17.

Those suspects include a software developer, a financial department employee and the wife of Thodex founder Faruk Fatih Özer's older brother, the report said.

Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk's tweets about the carmaker's bitcoin holdings.

The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles.

While most people only consider Bitcoin as a means to gain a profit, the popular cryptocurrency has much more to offer than just that. One area that Bitcoin has been expanding to lately is the entertainment sphere. From fan-favorite video games to blockbuster movies, there are plenty of ways users can gain access to these mediums by using Bitcoin.

An online sale of non-fungible tokens (NFTs) by the digital artist Murat Pak fetched a total of $16.8 million at Sotheby's, including an image of a single pixel which sold for $1.36 million, the auction house said on April 14.

Today, everything is offered as NFT, and the figures that are turning on the market are incredible, but the question is whether this trend will continue.

Is NFT (non-fungible tokens) just a passing internet trend, a potential bubble that will inflate and make worthless millions of dollars invested in it, or will we buy and own more and more digital products in this way in the future?

Fifteen years ago Jack Dorsey typed out a banal message - "just setting up my twttr" - which became the first-ever tweet, launching a global platform that has become a controversial and dominant force in civil society.

The short tweet on March 21, 2006, by the Twitter CEO is now being sold at auction, with bidding reaching $2.5 million.

A digital collage by American artist Beeple sold March 11 for a record $69.3 million at Christie's auctioneers, as virtual art rapidly establishes itself as a new - and highly profitable - creative genre.

Turkey's Treasury and Finance Ministry is carrying out a study on cryptocurrencies amid recent debate over Bitcoin.

In a press release on Monday, the ministry said it is collaborating with the Turkish Central Bank, the Banking Regulation and Supervision Agency, and the Capital Markets Board in its research.