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Latest from bitcoin

Bitcoin’s record high is within sight after sharp recent rally

A recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the travails of assets such as stocks, bonds and gold amid a bout of jitters in global markets.
Bitcoin’s climb has activated an inverted head and shoulders chart pattern.(Reuters)
Bitcoin’s climb has activated an inverted head and shoulders chart pattern.(Reuters)
Published on Oct 12, 2021 05:25 PM IST
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Bloomberg |

El Salvador to fund veterinary hospital using bitcoin, president says

It is the first country in the world to recognise the cryptocurrency as legal tender.
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin (REUTERS)
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin (REUTERS)
Published on Oct 10, 2021 10:00 AM IST
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Reuters |

Cryptocurrency Bitcoin rises above $51,000; Ethereum, Dogecoin top gainers

  • The global crypto market cap was up by more than 3 per cent to $2.22 trillion compared to Tuesday. However, the total crypto market volume jumped about 4 per cent to $110.80 billion.
Bitcoin had fallen below the $50,000 mark in early September during a broad selloff.(REUTERS)
Bitcoin had fallen below the $50,000 mark in early September during a broad selloff.(REUTERS)
Published on Oct 06, 2021 11:43 AM IST
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Written by Susmita Pakrasi | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Bitcoin hits $50,000 for first time in four weeks

The cryptocurrency fell below that level on September 7 amid a broader selloff in shares of cryptocurrency and blockchain related firms that day.
Bitcoin rose as much as 2.35% to hit $50,398.10(REUTERS)
Bitcoin rose as much as 2.35% to hit $50,398.10(REUTERS)
Published on Oct 05, 2021 04:43 PM IST
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Reuters | | Posted by Shankhyaneel Sarkar, London

Who are buying cryptocurrencies in India? Survey reveals age, profile, city

The study claimed about 83% of urban Indians are aware of cryptocurrency and 16% own cryptocurrency.
Bitcoin is the most preferred cryptocurrency among Indians, the survey revealed. (REUTERS)
Bitcoin is the most preferred cryptocurrency among Indians, the survey revealed. (REUTERS)
Published on Sep 29, 2021 11:03 PM IST
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By | Written by Poulomi Ghosh

'Illegal': Chinese central bank on crypto transactions

  • The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations, which have sought to prevent speculation and money laundering.
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies. (REUTERS)
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies. (REUTERS)
Published on Sep 24, 2021 06:01 PM IST
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AFP |

Twitter users can now tip content creators with Bitcoin

Twitter also said it will test new ways to help users have a safer experience on the platform, such as warning when people are entering a “heated” conversation or letting them leave tweet threads.
A souvenir coin depicting a Bitcoin (Representational Image / AFP)
A souvenir coin depicting a Bitcoin (Representational Image / AFP)
Published on Sep 24, 2021 10:01 AM IST
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Reuters |

Cryptocurrency news: Bitcoin falls below $40,000, all about Ether

Bitcoin is still getting the bulk of inflows at $15.3 million, data from digital asset manager CoinShares showed on Monday. Ether (ETH) is the world's second-largest crypto by market cap after bitcoin.
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin.(Reuters Photo)
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin.(Reuters Photo)
Published on Sep 22, 2021 09:40 AM IST
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By | Written by Amit Chaturvedi, Hindustan Times, New Delhi

On cryptocurrency, Sitharaman says 'we have to be cautious but think it through'

Finance minister Nirmala Sitharaman said that a lot of consultation has taken place on the issue of cryptocurrencies in India, adding that the views of the Reserve Bank of India were also taken. "We have to be sure that a futuristic thing can’t be shut out," she added.
Union finance minister Nirmala Sitharaman addresses a press conference in New Delhi.(Sanjeev Verma/HT File Photo)
Union finance minister Nirmala Sitharaman addresses a press conference in New Delhi.(Sanjeev Verma/HT File Photo)
Published on Sep 21, 2021 07:28 AM IST
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By, Hindustan Times, New Delhi

Cryptocurrency: What you need to know about Metaverse, Solana and other terms

Several digital currency exchanges are eyeing India to launch trading platform to capture the growing domestic crypto market. However, the fate of cryptocurrency in India is still unclear.
The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency.(Reuters File Photo)
The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency.(Reuters File Photo)
Published on Sep 08, 2021 10:42 AM IST
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By | Written by Amit Chaturvedi, Hindustan Times, New Delhi

El Salvador president unveils 200 bitcoin buy, price jumps

Bitcoin temporarily climbed 1.39% to more than $52,600 on Monday afternoon, Refinitiv Eikon data showed, with a Reuters market analyst putting it on track for $56,000-$56,300.
Earlier on Monday, Bukele tweeted that
Earlier on Monday, Bukele tweeted that "our brokers will be buying a lot more as the deadline approaches".(Reuters)
Published on Sep 07, 2021 06:34 AM IST
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Reuters | , San Salvador

Afghan youth, who wanted to mine Bitcoin, fled country after Taliban takeover

Sheltering in a drainage tunnel outside the Tatvan district of Turkey's eastern Bitlis province, Ali, a young man in his 20s from Afghanistan's Khost province, said he was waiting for transport west and wanted to go on to Europe. Around 50 others were sheltering with him.
Muhammad Ali, an Afghan migrant from Khost who planned to found his own cryptocurrency mining business, center, and the other migrants hide from security forces after crossing illegally into Turkey from Iran, near Tatvan in Bitlis province, Turkey, on August 23, 2021. (REUTERS)
Muhammad Ali, an Afghan migrant from Khost who planned to found his own cryptocurrency mining business, center, and the other migrants hide from security forces after crossing illegally into Turkey from Iran, near Tatvan in Bitlis province, Turkey, on August 23, 2021. (REUTERS)
Published on Aug 25, 2021 11:53 AM IST
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Reuters |

Bitcoin drops to around $40,000 after achieving highest levels since May

Experts have described the decline as 'just a normal pullback following bullish action.'
Bitcoin (REUTERS)
Bitcoin (REUTERS)
Published on Aug 02, 2021 07:18 PM IST
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Bloomberg |

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

  • The UN experts believe that cryptocurrencies and the blockchain technology that power them could actually improve their "stewardship of the environment."
Bitcoin network require a staggering amount of energy.(Reuters)
Bitcoin network require a staggering amount of energy.(Reuters)
Published on Jul 18, 2021 04:25 PM IST
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By, Hindustan Times, New Delhi

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

The active addresses on a crypto network show the total number of senders and receivers for a particular token.
Ether’s market capitalisation trails bitcoin’s by about three times.(Reuters)
Ether’s market capitalisation trails bitcoin’s by about three times.(Reuters)
Published on Jul 04, 2021 11:40 PM IST
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By, New Delhi

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

Binance too came under the capping rule, due to Natwest's concerns over investment scams and fraud.
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)
Published on Jun 30, 2021 12:36 PM IST
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Reuters | , London

Bitcoin bounces back after tumbling below $30,000 threshold

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.
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)
Published on Jun 23, 2021 08:02 AM IST
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Bloomberg |

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

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.
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)
Published on Jun 22, 2021 06:29 PM IST
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AFP |

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

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.
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)
Updated on Jun 22, 2021 06:12 PM IST
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Reuters |

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

China has ordered payment platform Alipay and domestic banks to not provide services linked to trading of virtual currencies.
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin.(Reuters)
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin.(Reuters)
Published on Jun 21, 2021 05:06 PM IST
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Bloomberg |

Cryptocurrencies tumble amid China crackdown on bitcoin miners

  • Cryptomining is big business in China, accounting for more than half of global bitcoin production.
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)
Published on Jun 21, 2021 01:05 PM IST
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Reuters | , Tokyo

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

The accused has been identified as Makarand Pardeep Adivirkar, popularly known as the 'Crypto King'.
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)
Published on Jun 17, 2021 09:01 AM IST
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ANI | , Mumbai

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

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.
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)
Published on Jun 15, 2021 06:31 PM IST
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Bloomberg |

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

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’.
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)
Published on Jun 15, 2021 01:38 PM IST
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BySrimoyee Chowdhury

Tesla to use Bitcoin transactions when mining cleaner: Elon Musk

The transactions will start back up “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”
SpaceX owner and Tesla CEO Elon Musk.(REUTERS)
SpaceX owner and Tesla CEO Elon Musk.(REUTERS)
Updated on Jun 14, 2021 03:11 AM IST
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Bloomberg |

IMF sees risks after El Salvador makes Bitcoin legal tender

El Salvador’s congress approved a law this week requiring businesses to accept Bitcoin in exchange for goods and services.
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)
Published on Jun 10, 2021 08:40 PM IST
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Bloomberg |

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

  • 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.
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)
Published on Jun 08, 2021 06:04 PM IST
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Written by Kunal Gaurav | Edited by Meenakshi Ray, Hindustan Times, New Delhi

Watch: Donald Trump calls Bitcoin 'scam' as Elon Musk faces threat by Anonymous

Donald Trump said that Bitcoin is competing against the US dollar (Reuters)
Donald Trump said that Bitcoin is competing against the US dollar (Reuters)
Published on Jun 08, 2021 02:17 PM IST
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Former US President Trump says Bitcoin a 'scam', calls it threat to dollar

  • 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.
Former US President Donald Trump.(REUTERS)
Former US President Donald Trump.(REUTERS)
Updated on Jun 08, 2021 10:42 AM IST
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By | Written by Deepali Sharma | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Elon Musk threatened on video by 'Anonymous' over Tesla, Bitcoin, Mars plan

'Anonymous' asked Elon Musk to 'expect' them (Agencies)
'Anonymous' asked Elon Musk to 'expect' them (Agencies)
Published on Jun 07, 2021 03:38 PM IST
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