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cryptocurrency

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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."
The pear-shaped diamond was sold to an unidentified private collector on Friday, Sotheby’s said in a statement.(Reuters / Representational Image)
The pear-shaped diamond was sold to an unidentified private collector on Friday, Sotheby’s said in a statement.(Reuters / Representational Image)

Diamond sold for $12 million in cryptocurrency

Bloomberg |
PUBLISHED ON JUL 09, 2021 09:51 PM IST
Sotheby’s said the diamond was the most expensive physical object ever publicly offered for purchase with cryptocurrency.
Still from video, "Year 1, Age 14 ? It Hurts To Hide", by artist FEWOCiOUS, due to be sold as an NFT at Christie's auction house, is pictured in this handout obtained on June 14, 2021. Courtesy of Christie's Images Ltd. 2021/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES(via REUTERS)
Still from video, "Year 1, Age 14 ? It Hurts To Hide", by artist FEWOCiOUS, due to be sold as an NFT at Christie's auction house, is pictured in this handout obtained on June 14, 2021. Courtesy of Christie's Images Ltd. 2021/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES(via REUTERS)

Christie's sells teenager's crypto art about gender transition for $2.16 million

Reuters |
UPDATED ON JUL 02, 2021 09:31 AM IST
Crypto artwork by 18-year-old transgender artist Victor Langlois, on gender transition, fetches $2.16 million at Christie's online auction. It represents Langlois' life as he discovered his gender identity and transitioned from female to male between the ages of 14 and 18.
As SoftBank increased its capital, the sentiment of cryptocurrency investors deteriorated due to regulatory crackdowns in China, the UK and Japan, leading to an outflow of cryptocurrency mutual funds and products in recent weeks.(AFP)
As SoftBank increased its capital, the sentiment of cryptocurrency investors deteriorated due to regulatory crackdowns in China, the UK and Japan, leading to an outflow of cryptocurrency mutual funds and products in recent weeks.(AFP)

Japan's SoftBank invests $200 million in largest crypto exchange of Brazil

Reuters | | Posted by Shanza Khan
PUBLISHED ON JUL 01, 2021 06:35 PM IST
Mercado Bitcoin will use the funds to expand its operations, expand supply and invest in infrastructure to meet the growing demand for cryptocurrencies in the region
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.
China accounts for a over half of global bitcoin production(Reuters)
China accounts for a over half of global bitcoin production(Reuters)

Several Chinese provinces issue bans on cryptomining

Reuters | , Beijing
PUBLISHED ON JUN 11, 2021 11:23 PM IST
Cryptominers who set up projects claiming to be running big data and super-computing centres will be punished, and companies are barred from providing sites or power supplies to mining activities.
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.
The crypto industry has been requesting the RBI to provide clarification on the circular.(Aniruddha Chowdhury/Mint File Photo))
The crypto industry has been requesting the RBI to provide clarification on the circular.(Aniruddha Chowdhury/Mint File Photo))

Banks shouldn’t cite 2018 crypto note: RBI

By Abhinav Kaul, Hindustan Times, New Delhi
UPDATED ON JUN 01, 2021 08:19 AM IST
  • The clarification came after lenders such as HDFC Bank Ltd and State Bank of India (SBI) cautioned customers through emails against dealing in virtual currencies such as bitcoin, citing the circular.
Dubaicoin has now disappeared from the CoinMarketCap listings and is unavailable for trading on any major crypto exchanges.(Reuters)
Dubaicoin has now disappeared from the CoinMarketCap listings and is unavailable for trading on any major crypto exchanges.(Reuters)

Dubaicoin jumps 1,000% in 24 hours after claims of Dubai’s official crypto

By hindustantimes.com | Edited by Kunal Gaurav, Hindustan Times, New Delhi
PUBLISHED ON MAY 28, 2021 09:12 PM IST
  • ArabianChain Technology, the company behind Dubaicoin, claims to be the first public blockchain in the region, allowing users to mine the currency, and maintain the blockchain ledgers.
At least 4.5% of all Bitcoin mining takes place in Iran which the nation uses to navigate through sanctions and buy items essential for its sustenance, a recent (REUTERS)
At least 4.5% of all Bitcoin mining takes place in Iran which the nation uses to navigate through sanctions and buy items essential for its sustenance, a recent (REUTERS)

Study finds Iran using crypto mining to reduce impact of sanctions

Reuters | , London
PUBLISHED ON MAY 21, 2021 06:28 PM IST
The United States imposes an almost total economic embargo on Iran, including a ban on all imports including those from the country's oil, banking and shipping sectors.
China does not recognise cryptocurrencies as legal tender and the banking system does not accept cryptocurrencies or provide relevant services 2020. REUTERS/Ann Wang/File Photo(REUTERS)
China does not recognise cryptocurrencies as legal tender and the banking system does not accept cryptocurrencies or provide relevant services 2020. REUTERS/Ann Wang/File Photo(REUTERS)

What Beijing's new crackdown means for cryptocurrency in China

Reuters | , Shanghai
PUBLISHED ON MAY 19, 2021 06:59 PM IST
  • The fresh crackdown makes it more difficult for individuals to buy cryptocurrencies using various payment channels, and could impact miners' business by making it harder for them to exchange cryptocurrencies for yuan.
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 Ethereum(Reuters)
A representation of virtual currency Ethereum(Reuters)

Digital coin Ether hits record high as 2021 gains near 500%

Reuters |
PUBLISHED ON MAY 12, 2021 06:25 PM IST
  • Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%. Bitcoin was down a touch at $56,240.
A representation of virtual currency Ethereum is seen in this illustration. (Reuters)
A representation of virtual currency Ethereum is seen in this illustration. (Reuters)

Second-biggest cryptocurrency Ethereum breaks $4,000 to hit record high

Reuters |
PUBLISHED ON MAY 10, 2021 05:22 PM IST
Ethereum, the second-largest coin by market capitalisation, jumped more than 6% to just below $4,175, and was last up around 2%.
The fourth-largest cryptocurrency by market value reached a record above 73 cents on Saturday before falling back.(Reuters representative image)
The fourth-largest cryptocurrency by market value reached a record above 73 cents on Saturday before falling back.(Reuters representative image)

Dogecoin falls amid Elon Musk’s ‘Saturday Night Live’ appearance

Bloomberg |
PUBLISHED ON MAY 09, 2021 10:33 AM IST
Dogecoin, a cryptocurrency that started as a joke in 2013, has surged more than 20,000% in the past year, according to CoinGecko.
SpaceX owner and Tesla CEO Elon Musk recently shared a wish to get a Shiba Inu puppy.(AP)
SpaceX owner and Tesla CEO Elon Musk recently shared a wish to get a Shiba Inu puppy.(AP)

Elon Musk wants a Shiba Inu puppy, ‘ready to be Doge father’, say netizens

By Srimoyee Chowdhury
PUBLISHED ON MAY 07, 2021 08:55 PM IST
“I’m looking for a shiba pup!” Elon Musk wrote under the share.
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)
A bitcoin logo is seen next to Turkish flag at a cryptocurrency exchange shop in Istanbul, Turkey.(Reuters)
A bitcoin logo is seen next to Turkish flag at a cryptocurrency exchange shop in Istanbul, Turkey.(Reuters)

Turkey adds cryptocurrency exchanges to terror funding rules

AP |
PUBLISHED ON MAY 01, 2021 09:59 PM IST
  • The presidential decree makes “crypto asset service providers” responsible for seeing their assets are not used illegally. The decree immediately went into force with its publication in Turkey’s Official Gazette.
Representational: The largest US crypto exchange ended the week valued at $68 billion, more than the owner of the New York Stock Exchange.(Reuters)
Representational: The largest US crypto exchange ended the week valued at $68 billion, more than the owner of the New York Stock Exchange.(Reuters)

Bitcoin slumps 14% as pullback from record gathers pace

Agencies | , London
UPDATED ON APR 19, 2021 06:17 AM IST
Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday.
Growing mainstream acceptance of cryptocurrencies has spurred Bitcoin’s rally, as well as lifted other tokens to record highs.(Reuters)
Growing mainstream acceptance of cryptocurrencies has spurred Bitcoin’s rally, as well as lifted other tokens to record highs.(Reuters)

Bitcoin record biggest plunge since February, Ether also plummets

Bloomberg |
PUBLISHED ON APR 18, 2021 01:20 PM IST
Several online reports attributed the plunge to speculation the US Treasury may crack down on money laundering that’s carried out through digital assets.
Doge’s surge is part of a rise in altcoins, a term for all the digital tokens that have sprung up in imitation of Bitcoin.(Reuters representative image)
Doge’s surge is part of a rise in altcoins, a term for all the digital tokens that have sprung up in imitation of Bitcoin.(Reuters representative image)

Dogecoin frenzy overloads Robinhood crypto order system

Bloomberg |
PUBLISHED ON APR 17, 2021 11:14 PM IST
Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied more than 110% Friday before dropping by 26% on Saturday, according to CoinMarketCap.com.
The euphoria surrounding Bitcoin reached a fever pitch earlier this week(Bloomberg File Photo )
The euphoria surrounding Bitcoin reached a fever pitch earlier this week(Bloomberg File Photo )

‘Dramatic’ round of regulation seen coming for cryptocurrencies

Bloomberg |
PUBLISHED ON APR 15, 2021 12:47 PM IST
Crypto firms are beefing up their top ranks to shape the emerging regulatory environment and tackle lingering skepticism about digital tokens.
Representations of virtual currency Bitcoin and US dollar banknotes are seen in this picture illustration. (Reuters)
Representations of virtual currency Bitcoin and US dollar banknotes are seen in this picture illustration. (Reuters)

Cryptocurrency market cap hits record $2 trillion; Bitcoin's at $1.1 trillion

Reuters | , New York
PUBLISHED ON APR 05, 2021 11:29 PM IST
  • Bitcoin was last up 1.4% at $59,025, with a market cap of $1.1 trillion.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced to create a framework for creation of the official digital currency and ban all other cryptocurrencies in the country.(AFP)
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced to create a framework for creation of the official digital currency and ban all other cryptocurrencies in the country.(AFP)

Visa moves to allow payment settlements using cryptocurrency

Reuters |
PUBLISHED ON MAR 30, 2021 10:30 AM IST
Bitcoin, the most popular crypto coin, jumped to a one-week high on the news, rising as much as 4.5% to $58,300 and heading back toward a record-high above $61,000 hit earlier this month.
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies.(REUTERS)
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies.(REUTERS)

Crypto firm Blockchain.com raises $300 million, valued at $5.2 billion

Reuters | , London
PUBLISHED ON MAR 24, 2021 03:33 PM IST
Blockchain.com offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors.
The fortunes of a range of companies are increasingly tied to the cryptocurrency, from listed Bitcoin miners and brokers to firms that have invested in the token.(REUTERS)
The fortunes of a range of companies are increasingly tied to the cryptocurrency, from listed Bitcoin miners and brokers to firms that have invested in the token.(REUTERS)

Bitcoin extends drop after weekend rally to record above $61,000

Bloomberg |
PUBLISHED ON MAR 15, 2021 03:49 PM IST
Bitcoin has climbed more than 1,000% in the past year, pushed higher by signs of increased institutional and corporate interest alongside the usual speculative demand.
FILE PHOTO: A Bitcoin ATM sign is pictured in a bodega in the Manhattan borough of New York City, New York, U.S., February 9, 2021. REUTERS/Carlo Allegri/File Photo(REUTERS)
FILE PHOTO: A Bitcoin ATM sign is pictured in a bodega in the Manhattan borough of New York City, New York, U.S., February 9, 2021. REUTERS/Carlo Allegri/File Photo(REUTERS)

Bitcoin stays in sight of record above $61,000 after 1,000% jump

Bloomberg |
PUBLISHED ON MAR 15, 2021 02:38 PM IST
Bitcoin eased back after scaling $61,000 for the first time on bets that some of the pandemic relief payments in the US will end up chasing the digital token’s towering rally.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced to create a framework for creation of the official digital currency and ban all other cryptocurrencies in the country.(AFP)
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced to create a framework for creation of the official digital currency and ban all other cryptocurrencies in the country.(AFP)

India to propose cryptocurrency ban, penalising miners, traders: Report

Reuters | , New Delhi/mumbai
UPDATED ON MAR 15, 2021 07:09 AM IST
If the ban becomes law, India would be the first major economy to make holding cryptocurrency illegal.
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