Tag: bitcoin

Cryptocurrency Prices Bounce Back From Sell-Off, Bitcoin Still

Bitcoin jumped more than 10 percent during a surge in cryptocurrencies Monday, regaining some ground lost during a weekend sell-off that was sparked by renewed signs of a Chinese crackdown on the emerging sector. Bitcoin (price in India), the world’s largest cryptocurrency, was last up 12 percent at approximately $39,400...

Cryptocurrency Market Sees a Massive Dip as Bitcoin, Dogecoin

Bitcoin, Dogecoin prices along with that of other popular cryptocurrencies such as Ether, Matic, and Binance Coin fell sharply on Wednesday (May 19), leading to a trading rush that Indian exchanges struggled to manage. Bitcoin, the largest and the most popular cryptocurrency in the world with a market cap...

Cryptocurrency Transactions Banned by China in Financial,

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels,...

Bitcoin Miners in US Bet on Flared Natural Gas as Energy

As the value of Bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Profitably creating, or mining, Bitcoin (price in India) and other cryptocurrencies requires masses of computers dedicated to...

Elon Musk Says He’s Working With Dogecoin Developers To

Elon Musk has shown again he can influence the digital currency market with just his tweets. After saying that his electric vehicle-making company Tesla will not accept payments in Bitcoin because of environmental concerns, he tweeted that he was working with developers of Dogecoin to improve system transaction efficiency....

Dogecoin Co-Creator Says Cryptocurrency Was Created in ‘Two

Dogecoin co-creator Billy Markus has said that he didn’t take environmental impact into consideration while creating the cryptocurrency. Created mainly as a joke nearly eight years Dogecoin has now become a household name. This is partly due to the Shiba Inu-based meme currency itself, but the digital coin saw...

Samsung Blockchain Wallet Now Supports Third-Party Hardware

Samsung Blockchain Wallet will now be able to manage and trade cryptocurrencies from third-party hardware wallets through an update on compatible Galaxy smartphones. Galaxy smartphone users will also be able keep up with latest trends in the cryptocurrency system with a dedicated newsfeed app from leading news outlets. The...

Tesla Halts Use of Bitcoin for Purchases, CEO Elon Musk Tweets

Tesla will no longer accept Bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. Bitcoin fell more than 10 percent after Musk tweeted his decision to suspend its use, less than two...

Mark Zuckerberg Reveals He Owns Bitcoin — But It’s Not What

Facebook CEO Mark Zuckerberg, who has had a long-running feud with Elon Musk over the use of artificial intelligence and the social media giant’s data collection practices, might be agreeing with his Tesla and SpaceX counterpart over cryptocurrencies. In his latest post on Facebook, Zuckerberg shared a picture of...

Dogecoin Rap: Check Out This Fun Song That Charts the

Dogecoin Rap, written and performed by Remy, is a fun song that has gone viral on YouTube with over 218,000 views within a couple of weeks since its release. Thanks to support from industry leaders and celebrities such as Tesla CEO Elon Musk and rapper Meek Mill, Dogecoin currently...

India’s COVID-19 Surge: Brett Lee Backs Crypto Relief Fund,

Inspired by his compatriot Pat Cummins, former Australian cricketer Brett Lee has decided to donate 1 Bitcoin (nearly Rs. 40 lakhs) to the Crypto Relief Fund to help his “second home”, India, ensure oxygen supplies for hospitals and win the battle against the raging second wave of the COVID-19...

Dogecoin Investor Says He Became a Millionaire in 2 Months

A 33-year-old Los Angeles resident has claimed that he became a Dogecoin millionaire in “just 69 days” after investing about $180,000 (Rs. 1.3 crore approximately) on February 5 in the meme cryptocurrency, when its price was about $0.045 cent (Rs. 3 approximately). Glauber Contessoto put out a video on...

Ethereum Co-Founder Donates Rs. 4.5 Crores For COVID-19 Relief

Ehtereum co-founder Vitalik Buterin posted a proof of transfer of 100 ETH and 100 MKR, worth approximately $606,110 (roughly Rs. 4.5 crores), for use in COVID-19 relief in India. Ethereum, the open-source blockchain software founded in 2014, is used to build contracts on the blockchain, and has recently been...

Crafting Broader Cryptocurrency Regulations, No Intent to Ban,

Turkey’s Finance Ministry is working on wider regulations regarding cryptocurrencies, Central Bank Governor Sahap Kavcioglu said on Friday, adding the bank does not intend to ban them. In an interview with Turkish broadcasters, Kavcioglu said some details would be ready in two weeks. The central bank last week banned...

Dogecoin Price Slumps After Hashtag-Fuelled Surge to Record

Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam. Dogecoin ultimately fell 15.4 percent to $0.33 (roughly Rs. 25), but during the session...