Bitcoin falls 5.2% to $33,849, Ether down 6.3%
Ether, the coin linked to the ethereum blockchain network, dropped 6.26% to $2,262.06 on Saturday, losing $151.11 from its previous close. Bitcoin, the world`s biggest and best-known cryptocurrency, is down 47.8% from the year`s high of $64,895.22 on April 14.
May 30, 2021, 16:23 PM IST
Dubaicoin, which rose over 1000%, isn’t the city’s official coin, check reality here
In the crazy cryptocurrency world, we often hear the news of a digital coin rising either sharply without strong fundamentals. In one such case, a newly launched cryptocurrency named Dubaicoin jumped over 1000% on crypto exchanges within 24 hours of its launch.
May 29, 2021, 09:23 AM IST
Crypto alert! Bitcoin slumps 8% as it heads for bruising monthly drop
Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown in China and environmental concerns to almost 40% so far this month.
May 28, 2021, 17:16 PM IST
Elon Musk to help crypto miners form Bitcoin Mining Council
He said last week that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy. Now, Musk has met leading Bitcoin miners in North America to form a Bitcoin Mining Council.
May 25, 2021, 18:09 PM IST
Bitcoin fights back to stand at $37,391 after Sunday sell-off
The second-largest cryptocurrency ether jumped more than 10% to as high as $2,321, erasing losses of 8.6% on Sunday that pushed it to near a two-month low around $1,730. The catalyst for the slump was cryptocurrency "miners", who mint cryptocurrencies by using powerful computers to solve complex maths puzzles, halting Chinese operations in the face of increasing scrutiny from authorities.
May 24, 2021, 16:48 PM IST
Bitcoin falls 11.3% to $33,250, ether down 16.6%
Ether, the coin linked to the ethereum blockchain network, dropped 16.59 % to $1,915.34 on Sunday, losing $380.97 from its previous close. Bitcoin markets operate 24/7, setting the stage for price swings at unpredictable hours. In addition, on Friday China cracked down on mining and trading of the largest cryptocurrency as part of ongoing efforts to prevent speculative and financial risks.
May 23, 2021, 18:42 PM IST
Elon Musk says he supports crypto in battle with fiat money
However, bitcoin slumped after the billionaire announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company's position on the cryptocurrency.
May 22, 2021, 21:57 PM IST
Bitcoin struggles for footing on worries over China, leverage
Bitcoin, the biggest and most popular cryptocurrency, rose slightly to $38,072 after plunging 14% on Wednesday to its lowest since late January.
May 20, 2021, 09:49 AM IST
Bloodbath in crypto market: Here’s why $600 billion vanished into thin air and should you buy the dip?
Most of the coins plunged by over 40% intraday to their lowest levels in the past few months, creating a panic among investors and the overall crypto market.
May 19, 2021, 21:19 PM IST
Bitcoin, Ethereum plunge, crypto market cap losses nearly $1 trillion
The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services.
May 19, 2021, 19:23 PM IST
Fake Elon Musk giveaway featured in cryptocurrency scams
Musk had been a supporter of cryptocurrencies but recently knocked dogecoin by calling it "a hustle" on national television. He has also recently said that bitcoin would not be accepted to buy a Tesla because of the environmental costs associated with mining it.
May 18, 2021, 19:06 PM IST
Bitcoin hits 3-month low and then rallies on Elon Musk tweets
Musk has boosted crypto markets with his enthusiasm for the asset class but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin. The gyrations are beginning to spook even steeled traders. Bitcoin fell more than 9% on Monday to as low as $42,185, its lowest since Feb. 8, but rallied back to around $45,190 as of 0911 GMT.
May 17, 2021, 17:34 PM IST
Surprising! Elon Musk may create his own cryptocurrency soon
Musk has announced not to use the popular cryptocurrency Bitcoin as a payment mode to buy its electric vehicles, citing environmental harm. Musk said that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy.
May 16, 2021, 19:28 PM IST
How murky legal rules allow Tesla's Elon Musk to keep moving markets
Dogecoin had an even wilder ride this week, first spiralling downward after Musk called it "a hustle" during the US "Saturday Night Live" TV show. Hours later, it jumped when Musk announced his commercial rocket company SpaceX would accept it for payment.
May 15, 2021, 16:59 PM IST
Elon Musk on crypto: to the mooooonnn! And back again
Bitcoin`s price tumbled after Elon Musk said on Wednesday his electric car maker Tesla Inc would no longer accept the cryptocurrency for purchases, citing environmental concerns for the reversal. Here are some of Musk`s comments on bitcoin and other cryptocurrencies like Ether and Dogecoin.
May 14, 2021, 22:48 PM IST
Elon Musk tweets, doge leaps and bitcoin retreats
Yet in an equally surprising U-turn he dented the world`s biggest cryptocurrency this week after announcing Tesla stopped accepting bitcoin in payment owing to environmental concerns, making investors uneasy about Musk`s influence on crypto prices. Bitcoin is down nearly 15% this week at $49,804.
May 14, 2021, 20:47 PM IST
Ethereum founder donates $1.14bn in crypto to Covid-hit India
Sandeep Nailwal, the man behind India Covid-Crypto Relief Fund, said in a tweet late on Wednesday that they will not "do anything which hurts any community specially the retail community involved with $SHIB".
May 13, 2021, 14:11 PM IST
Bitcoin pops back above $50,000 after Musk-triggered tumble
The price of the world`s largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet shortly after 2200 GMT. It recovered about half of that drop early in the Asian session, and last traded about $51,099.
May 13, 2021, 12:30 PM IST
''Do you want Tesla to accept Doge?'' Elon Musk asks Twitter users
In March, Musk said US customers could purchase Tesla vehicles with bitcoin, marking a significant step forward for the cryptocurrency`s use in commerce. The electric-car maker had bought $1.5 billion worth of bitcoin earlier this year, propelling its prices to record highs.
May 11, 2021, 19:07 PM IST
Explained: What is Chia, here’s how this Chinese crypto’s sustainability may pose a threat to other Bitcoins
Besides Ethereum, Bitcoin, Tron, and others, there is a new cryptocurrency that is making noise on the internet. Made by Bram Cohen, Chinese cryptocurrency Chia has entered into the world of cryptocurrency and it is expected to surge over 55 percent before the end of this year and may surpass the $5,000 mark in almost 6 years' time.
May 10, 2021, 16:34 PM IST
