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Bitcoin network require a staggering amount of energy.(Reuters)

Bitcoin a climate calamity? UN experts see sustainable development in crypto

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON JUL 18, 2021 04:25 PM IST
  • The UN experts believe that cryptocurrencies and the blockchain technology that power them could actually improve their "stewardship of the environment."
Ether’s market capitalisation trails bitcoin’s by about three times.(Reuters)
Ether’s market capitalisation trails bitcoin’s by about three times.(Reuters)

In a first, ether surpasses bitcoin in number of daily active participants

By , New Delhi
PUBLISHED ON JUL 04, 2021 11:40 PM IST
The active addresses on a crypto network show the total number of senders and receivers for a particular token.
The temporary cap, imposed by one of Britain's domestic biggest lenders on June 24, targets a number of exchanges and digital asset firms. (REUTERS)
The temporary cap, imposed by one of Britain's domestic biggest lenders on June 24, targets a number of exchanges and digital asset firms. (REUTERS)

UK's NatWest caps transfers to crypto exchanges over concerns of fraud

Reuters | , London
PUBLISHED ON JUN 30, 2021 12:36 PM IST
Binance too came under the capping rule, due to Natwest's concerns over investment scams and fraud.
Chart-watchers said Bitcoin, which failed to stay above $40,000 last week, could have a tough time finding support in the $20,000 range following its drop below $30,000.(Reuters)
Chart-watchers said Bitcoin, which failed to stay above $40,000 last week, could have a tough time finding support in the $20,000 range following its drop below $30,000.(Reuters)

Bitcoin bounces back after tumbling below $30,000 threshold

Bloomberg |
PUBLISHED ON JUN 23, 2021 08:02 AM IST
Bitcoin has lost more than 50% from its mid-April high of almost $65,000. The coin started 2021 trading around $29,000 following a fourfold increase in 2020.
Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021.(REUTERS)
Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021.(REUTERS)

Bitcoin sinks under $30,000 for first time since January

AFP |
PUBLISHED ON JUN 22, 2021 06:29 PM IST
At about 1230 GMT, bitcoin sank nine percent to as low as $29,624, attaining a level last seen in January, with analysts citing Chinese efforts to crack down on trading and mining operations.
An employee of Sotheby's poses with a rare pear-Shaped D Colour Flawless 100+ carat diamond at Sotheby's in New York City, New York, U.S., June 21, 2021. REUTERS/Eduardo Munoz TPX IMAGES OF THE DAY(REUTERS)
An employee of Sotheby's poses with a rare pear-Shaped D Colour Flawless 100+ carat diamond at Sotheby's in New York City, New York, U.S., June 21, 2021. REUTERS/Eduardo Munoz TPX IMAGES OF THE DAY(REUTERS)

Sotheby's marks another bitcoin milestone with rare pear-shaped diamond auction

Reuters |
UPDATED ON JUN 22, 2021 06:12 PM IST
Sotheby's said it would be first time a pear shaped flawless diamond of 101.38-carat has been offered for public purchase with cryptocurrency. It carries a pre-sale estimate of $10 million - $15 million and will be sold on July 9 in Hong Kong with bitcoin, ether or traditional money as payment.
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin.(Reuters)
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin.(Reuters)

Bitcoin falls to 2-week low as Crypto faces China's backlash

Bloomberg |
PUBLISHED ON JUN 21, 2021 05:06 PM IST
China has ordered payment platform Alipay and domestic banks to not provide services linked to trading of virtual currencies.
Bitcoin fell to as low as $32,288 for the first time since June 8, and was last down 7.9% at around $32,781.(REUTERS)
Bitcoin fell to as low as $32,288 for the first time since June 8, and was last down 7.9% at around $32,781.(REUTERS)

Cryptocurrencies tumble amid China crackdown on bitcoin miners

Reuters | , Tokyo
PUBLISHED ON JUN 21, 2021 01:05 PM IST
  • Cryptomining is big business in China, accounting for more than half of global bitcoin production.
During the investigation police arrested Adivirkar was involved in providing the bitcoin to effect the purchase of LSD in November 2020 from abroad.(Reuters)
During the investigation police arrested Adivirkar was involved in providing the bitcoin to effect the purchase of LSD in November 2020 from abroad.(Reuters)

Man held by NCB Mumbai for providing bitcoin to peddlers for drug purchase

ANI | , Mumbai
PUBLISHED ON JUN 17, 2021 09:01 AM IST
The accused has been identified as Makarand Pardeep Adivirkar, popularly known as the 'Crypto King'.
Bitcoin enthusiast Carlos Bonilla shows a physical coin at a Bitcoin beach support office at El Zonte Beach in Chiltiupan.(Reuters)
Bitcoin enthusiast Carlos Bonilla shows a physical coin at a Bitcoin beach support office at El Zonte Beach in Chiltiupan.(Reuters)

Bitcoin is still being called a bubble after May’s 35% crash

Bloomberg |
PUBLISHED ON JUN 15, 2021 06:31 PM IST
The poll, which captures the view of 207 investors with $645 billion in assets, said “long Bitcoin” is the second-most crowded trade after commodities.
Elon Musk shared the meme on his Twitter handle a week after Anonymous shared the video.(Twitter/@elonmusk)
Elon Musk shared the meme on his Twitter handle a week after Anonymous shared the video.(Twitter/@elonmusk)

Elon Musk mocks hacktivist group ‘Anonymous’ with meme after their viral clip

By Srimoyee Chowdhury
PUBLISHED ON JUN 15, 2021 01:38 PM IST
Anonymous shared the video about Tesla CEO Elon Musk from their YouTube channel and ended the recording with ‘We are Anonymous. We are Legion. Expect us’.
SpaceX owner and Tesla CEO Elon Musk.(REUTERS)
SpaceX owner and Tesla CEO Elon Musk.(REUTERS)

Tesla to use Bitcoin transactions when mining cleaner: Elon Musk

Bloomberg |
UPDATED ON JUN 14, 2021 03:11 AM IST
The transactions will start back up “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”
Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador.(REUTERS)
Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador.(REUTERS)

IMF sees risks after El Salvador makes Bitcoin legal tender

Bloomberg |
PUBLISHED ON JUN 10, 2021 08:40 PM IST
El Salvador’s congress approved a law this week requiring businesses to accept Bitcoin in exchange for goods and services.
India, which has the fifth-largest economy with a GDP of $2.9 trillion, ranked “a surprisingly low” 18th in Bitcoin investment gains at $241 million.(Reuters)
India, which has the fifth-largest economy with a GDP of $2.9 trillion, ranked “a surprisingly low” 18th in Bitcoin investment gains at $241 million.(Reuters)

US investors gained most from 2020 Bitcoin boom, India ranked ‘surprisingly low’

Written by Kunal Gaurav | Edited by Meenakshi Ray, Hindustan Times, New Delhi
PUBLISHED ON JUN 08, 2021 06:04 PM IST
  • The meteoric rise of Bitcoin has minted scores of crypto millionaires, and the report suggests that US investors have benefited the most from the 2020 boom, followed by Chinese traders who gained $1.1 billion.
Former US President Donald Trump.(REUTERS)
Former US President Donald Trump.(REUTERS)

Former US President Trump says Bitcoin a 'scam', calls it threat to dollar

By hindustantimes.com | Written by Deepali Sharma | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
UPDATED ON JUN 08, 2021 10:42 AM IST
  • Bitcoin plunged almost six per cent on Asian trading and was at $32,770, as of 11am in Hong Kong (around 8.30am IST) on Tuesday, according to Bloomberg.
Cryptocurrency representations are seen in front of the Dogecoin logo in this illustration picture taken on April 20, 2021. (Reuters)
Cryptocurrency representations are seen in front of the Dogecoin logo in this illustration picture taken on April 20, 2021. (Reuters)

Dogecoin, started as a joke, now outperforms rivals in cryptocurrency market

By hindustantimes.com | Written by Joydeep Bose
PUBLISHED ON JUN 05, 2021 04:29 PM IST
In all its internet notoriety, Dogecoin is up more than 14,000% in the past year. The cryptocurrency is establishing itself prominently on the mobile userbase, with the Coinbase Android and iOS apps making Dogecoin more accessible now than ever.
Following Elon Musk’s tweet, Bitcoin dropped as much as 6.3% and was trading at about $36,750 as of 6.28am in New York(MINT_PRINT)
Following Elon Musk’s tweet, Bitcoin dropped as much as 6.3% and was trading at about $36,750 as of 6.28am in New York(MINT_PRINT)

Bitcoin slips after Musk tweets a broken heart emoji with Linkin Park song

By hindustantimes.com | Edited by Ayshee Bhaduri
PUBLISHED ON JUN 04, 2021 05:38 PM IST
  • Elon Musk has been slowly breaking away from cryptocurrency after being one of its biggest backers
Bitcoin was last down about 3.6% at $37,809.(REUTERS)
Bitcoin was last down about 3.6% at $37,809.(REUTERS)

Elon Musk tweet dents bitcoin, but weekly gain in prospect

Reuters | , Singapore
PUBLISHED ON JUN 04, 2021 09:23 AM IST
Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin since suspending Tesla plans to take it in payment for cars owing to concerns about its energy use.
Mining for Bitcoin devours massive amounts of power, racking up huge bills for dedicated miners. REUTERS/Mike Segar(REUTERS)
Mining for Bitcoin devours massive amounts of power, racking up huge bills for dedicated miners. REUTERS/Mike Segar(REUTERS)

UK cops stumble on Bitcoin mine while hunting for cannabis farm

Bloomberg |
PUBLISHED ON MAY 28, 2021 08:43 PM IST
“It’s certainly not what we were expecting,” Police Sergeant Jennifer Griffin, said in a statement Friday. “It had all the hallmarks of a cannabis cultivation set-up.”
Bitcoin plumbed $30,066 last week, its lowest since January, in highly volatile trading.(AFP file photo)
Bitcoin plumbed $30,066 last week, its lowest since January, in highly volatile trading.(AFP file photo)

Bitcoin reclaims $40,000 as crypto volatility lingers

Reuters | | Posted by Harshit Sabarwal, London
PUBLISHED ON MAY 26, 2021 02:24 PM IST
Bitcoin jumped as much as 6.5% to $40,904. Smaller coins, which tend to rise and fall with the largest cryptocurrency, also gained, with ether climbing over 7.5% to over $2,906.
Volatility has dominated crypto markets, with Bitcoin plunging and surging more than 30% within a few hours on Wednesday.(Bloomberg File Photo )
Volatility has dominated crypto markets, with Bitcoin plunging and surging more than 30% within a few hours on Wednesday.(Bloomberg File Photo )

Bitcoin claws back to $40,000 after crypto market meltdown

Bloomberg |
PUBLISHED ON MAY 20, 2021 06:21 PM IST
Bitcoin hovered near the $40,000 mark and Ether rebounded in early US trading as investors tried to make sense of the crash that wiped away billions and shattered the notion of crypto as a maturing asset class.
Bitcoin’s decline whacked other crypto assets, with ether, the coin linked to the ethereum blockchain network, dropping to $1,850, its weakest level since late January.(AFP)
Bitcoin’s decline whacked other crypto assets, with ether, the coin linked to the ethereum blockchain network, dropping to $1,850, its weakest level since late January.(AFP)

Bitcoin, ether crash as sell-off smashes crypto sector

Reuters |
PUBLISHED ON MAY 20, 2021 07:48 AM IST
At one point during the meltdown, nearly $1 trillion was wiped off the cryptocurrency’s market capitalisation. In late morning trading, the market cap was at $1.65 trillion, according to data tracker CoinGecko.com
Now, as Bitcoin takes out its 200-day moving average, chart-watchers are warning of more danger ahead.(AFP)
Now, as Bitcoin takes out its 200-day moving average, chart-watchers are warning of more danger ahead.(AFP)

Bitcoin plunges to USD 38,000 as Elon Musk-fueled rally Collapses

Bloomberg |
PUBLISHED ON MAY 19, 2021 06:04 PM IST
Prices for the digital asset dropped 12% to about USD 38,000 as of 7.38 am in New York. It is now down around 40% from its record of almost USD 65,000 set in April.
On May 12, Elon Musk said Tesla will no longer accept bitcoin for car purchases, citing long-brewing environmental concernsREUTERS/Mike Blake(REUTERS)
On May 12, Elon Musk said Tesla will no longer accept bitcoin for car purchases, citing long-brewing environmental concernsREUTERS/Mike Blake(REUTERS)

Bitcoin price slips further after Elon Musk tweets

Reuters |
PUBLISHED ON MAY 17, 2021 11:22 AM IST
  • The Tesla boss' tweets, which had helped drive some of the gains in bitcoin in recent months, last week triggered a 17% slide in the value of the cryptocurrency
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration. (Reuters)
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration. (Reuters)

Bitcoin recoups some losses from Musk's Tesla u-turn

Reuters |
PUBLISHED ON MAY 13, 2021 05:02 PM IST
  • The price of the world's largest cryptocurrency dropped 17% from around $54,819 to $45,700, its lowest since March 1, in just under two hours following Musk's tweet on Wednesday.
An overcast sky during light rain, near AIIMS in New Delhi. (File photo)
An overcast sky during light rain, near AIIMS in New Delhi. (File photo)

News updates from HT: Delhi wakes up to light drizzle, cloudy sky

PUBLISHED ON MAY 13, 2021 08:48 AM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. File Photo / REUTERS(REUTERS)
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. File Photo / REUTERS(REUTERS)

Tesla suspends Bitcoin use. Here's how mining cryptocurrency affects the climate

PUBLISHED ON MAY 13, 2021 08:25 AM IST
Mining Bitcoin and other cryptocurrencies could leave adverse impacts on the environment, some fear. Tesla CEO Elon Musk said, "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel."
Sotheby's to accept bitcoin, ethereum for Banksy's 'Love is in the Air' artwork(Twitter/SPORTSCIRCUSINT)
Sotheby's to accept bitcoin, ethereum for Banksy's 'Love is in the Air' artwork(Twitter/SPORTSCIRCUSINT)

Sotheby's to accept bitcoin, ethereum for Banksy's 'Love is in the Air' artwork

Reuters |
UPDATED ON MAY 05, 2021 04:26 PM IST
Bidding at Sotheby's auction for Banksy's iconic artwork 'Love is in the Air' is estimated at $3 million to $5 million with the buyer having the option to pay with cryptocurrency (bitcoin and ethereum)
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