Cryptocurrency
- Business
Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter
New Delhi: Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday — a massive over 70 per cent drop from its record high of $68,000 in November last year —…
- Opinions
Crypto – Messiah or Misadventure
Prabhakar Kaza Money is not just a number on the Bank statement but the purchasing power it represents. From the days of the Barter system to the present day, the payment system…
- Technology
NFTs, crypto are ‘100% based on greater fool theory’: Bill Gates
San Francisco: Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are “100 per cent based on greater fool theory”. The theory…
- Technology
Crypto lender Celsius Network pauses all withdrawals, transfers
New Delhi: Leading crypto lender Celsius Network has announced to pause all withdrawals, swap and transfers between accounts due to “extreme market conditions”. The decision led to a nearly 55 per cent…
- Business
Bitcoin, Ethereum crash to record low amid crypto winter
New Delhi: The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low. The world’s largest cryptocurrency further tanked 7 per…
- World
Jack Dorsey, Jay-Z partner on Bitcoin educational programme in US
San Francisco: Twitter co-founder and Block CEO Jack Dorsey on Friday partnered with artist Shawn Carter, popularly known as Jay-Z, to launch The Bitcoin Academy — an educational initiative in New York.…
- World
Australians losing millions to explosion in cryptocurrency, investment scams
Sydney: A new report from Australia’s peak competition regulator, the Australian Competition and Consumer Commission (ACCC), has shown that Australians have lost more than double to scams in the first four months…
- Technology
Musk retracts statement over job cuts, says headcount will increase
San Francisco: Two days after reportedly emailing employees of a 10 per cent job cut at Tesla, CEO Elon Musk on Sunday retracted his statements saying total headcounts will increase. However, Musk…
- Business
Over 75% of Bitcoin miners’ earnings going into soaring electricity costs
New Delhi: Bitcoin miners are spending more than 75 per cent of their earnings in soaring electricity costs, resulting in a significant carbon footprint which is damaging to our environment, a new…
- Technology
After Tesla, SpaceX to accept Dogecoin for merchandise soon
San Francisco: Tech billionaire Elon Musk said that his aerospace company SpaceX will soon accept Dogecoin as a payment option for merchandise, joining Tesla. The electric vehicle company started accepting the cryptocurrency…
- Technology
We are creating a simplified investing ecosystem: Crypto unicorn CoinSwitch
New Delhi: Crypto is an emerging yet attractive asset class. It is a $1.25 trillion market globally. The India adoption story is no different with nearly 20 million unique users, over $6.6…
- Technology
Govts, companies own 8% of all Bitcoin worth $46 bn in the world
New Delhi: The governments and companies own close to 8 per cent of all Bitcoin in the world, roughly 1.6 million Bitcoin (BTC) worth $45.8 billion, and Bulgaria is the major holder…
- Hyderabad
Hyderabad: Bitcoin investment trend increasing in city
Hyderabad: The number of those dealing in Bitcoin and other cryptocurrencies is increasing across the world. In Hyderabad too, there is a significant increase in the number of those making investments in Bitcoin…
- Business
‘Coin’ in Bitcoin name doesn’t make it money: IMF chief
Davos: IMF chief Kristalina Georgieva on Monday cautioned against confusing crypto products with currencies and said anything not backed by a sovereign guarantee can be an asset class but not a currency,…
- Middle East
Cryptocurrency crash costs Kuwaiti man $2.5 million
The unpredictable nature of Cryptocurrency came to fore one again on Wednesday after a Kuwaiti investor lost $2.5 million as the virtual currency took a plunge. A large number of Kuwaitis lost…