Getting To Know The Bitcoin Currency
Bitcoin as a currency is not a new concept. This is a tool that has been in use since the invention of paper. In fact, it can be credited with creating the first completely decentralized online transaction. When you hear about people making transacti.....»»
Feds Arrest an Alleged $336M Bitcoin-Laundering Kingpin
An anonymous reader quotes a report from Wired: For a decade, Bitcoin Fog has offered to obscure the source and destination of its customers' cryptocurrency, making it one of the most venerable institutions in the dark web economy. Now the IRS says i.....»»
A Second Bitcoin Exchange Collapses In Turkey Amid Crackdown On Cryptocurrencies
An anonymous reader quotes a report from CNBC: A second cryptocurrency exchange has collapsed in Turkey amid a crackdown on the industry. The platform, Vebitcoin, said in a brief statement on its website that it has ceased all activities after facing.....»»
Tesla Loses a Lot of Money Selling Cars, But Makes It All Back On Credits and Bitcoin
An anonymous reader quotes a report from Jalopnik: On Monday after the close of business, Tesla announced its Q1 2021 financial results in its quarterly earnings call. The company turned a surprisingly large profit this quarter, but it didn't do it b.....»»
Tesla sees bitcoin as important financial tool to access cash quickly
Tesla’s relationship with bitcoin is not a dalliance, according to the comments made by the company’s CFO and dubbed “master of coin” Zach Kirkhorn during an earnings call Monday. Instead, the company believes in the longevity.....»»
China’s e-commerce giant JD.com starts paying some staff in digital yuan
China’s plan to introduce its digital currency is getting a lot of help from its tech conglomerates. JD.com, a major Chinese online retailer that competes with Alibaba, said Monday that it has started paying some staff in digital yuan, the virt.....»»
Why Did Bitcoin Drop 25% in Just Two Weeks?
Bitcoin "fell dramatically in late April," writes The Street, "sinking from its mid-month high of around $64,000" to Sunday's current price of $47,600 — a drop of over 25% in less than two weeks. So this week the Street spoke to Bobby Ong, th.....»»
New UK Court Case Could Decide if Craig Wright is Satoshi Nakamoto, Creator of Bitcoin
CNBC writes: A copyright lawsuit brought by Craig Wright — the man who has claimed to be Satoshi Nakamoto, the pseudonym used by the creator of bitcoin — could finally put to bed the years-long mystery over who actually invented the mult.....»»
Elon Musk, Jack Dorsey Argue that Bitcoin Incentivises Renewable Energy
Jack Dorsey, the co-founder and CEO of Twitter, tweeted Wednesday that bitcoin "incentivises renewable energy." And Elon Musk responded "True." The BBC adds that the tweets came "despite experts warning otherwise." The cyrptocurrency's carbon foot.....»»
Over $200 Billion Wiped Off Cryptocurrency Market in a Day
Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling. From a report: At around 9:30 a.m. ET, bitcoin was down 7.6% in the last 24 hours at $49,000, accordin.....»»
Crypto market takes a dive with Bitcoin leading the way
Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March. Bitcoin is down roughly 20% week-over-week, around 30% from its all-ti.....»»
Jack Dorsey and Elon Musk agree on bitcoin"s green credentials
But their opinions are not shared with those more cynical about the cryptocurrency's impact......»»
Bank of England To Consider Digital Money Plan
The Bank of England and the Treasury have announced they are setting up a taskforce to explore the possibility of a central bank digital currency. From a report: The aim is to look at the risks and opportunities involved in creating a new kind of dig.....»»
Venmo’s new crypto service lets you buy and sell bitcoin, ether, and litecoin
PayPal subsidiary Venmo rolls crypto platform out to users starting today. Enlarge / Promotional image of Crypto on Venmo. (credit: Venmo) The PayPal-owned Venmo service will let users buy, sell, and hold bitcoin and other cryptocurrencies wit.....»»
Bank of England to consider digital money plan
The Bank and the Treasury set up a taskforce to examine how a central bank digital currency would work......»»
Bitcoin, Other Cryptocurrencies Plummet This Weekend
"The mania that drove crypto assets to records as Coinbase went public last week turned on itself on the weekend," report Bloomberg — as the price of bitcoin took a big dive: The world's biggest cryptocurrency plunged as much as 15% on Sunday,.....»»
Power Plants Become Bitcoin-Mining Operations. Are There Alternatives?
The New York Focus site writes: A decade ago, the bankrupt owner of the Greenidge power plant in Dresden, New York, sold the uncompetitive coal-fired relic for scrap and surrendered its operating permits. For the next seven years, the plant sat idle.....»»
Coinbase makes splash on market debut with $99.6bn valuation
The cryptocurrency exchange coinbase started trading on Wednesday at a valuation of nearly $100bn (£72bn), in a major boost to supporters of digital currencies such as bitcoin......»»
Dogecoin has risen 400 percent in the last week because why not
Dogecoin rallied after Elon Musk tweeted a photo of "Doge Barking at the Moon." Enlarge (credit: peng song / Getty) Dogecoin, a blockchain-based digital currency named for a meme about an excitable canine, has seen its price rise by a factor o.....»»
Dogecoin Price Surpasses 10 Cents To Reach An All-Time High
Dogecoin, the virtual currency that originally started as an internet meme more than seven years ago, has surged more than 85% in the last 24 hours and is trading at $0.13. Its market cap is now over $17 billion. CNN reports: The currency has soared.....»»
Crypto firm Coinbase valued at more than oil giant BP
Coinbase, which runs a leading trading platform for Bitcoin, hit nearly $100bn in its stock market listing, before slipping......»»