Tag Archives: bitcoin

Crypto influencers take to social media to recruit young investors

Hitesh Matlani is a globetrotter with a difference — the 32-year-old uses only cryptocurrencies during his travels. Matlani, who uses the nom de guerre ‘Paco de la India’ or ‘Paco from India’ on social media platforms, plans to travel to … Continue reading

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US replaces China as world’s biggest miner of bitcoins

The US has become the world’s epicenter for Bitcoin mining after a crackdown in China effectively eliminated the practice in the former cradle of the industry. At the end of August, America accounted for 35.4% of the global hash rate, … Continue reading

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Crypto gains currency again as banks ease curbs on purchases

Indian banks are again allowing purchase of Bitcoin and other cryptocurrencies through their channels, easing curbs that they had imposed on such services. The change in stance happened after the Reserve Bank of India told banks that they no longer … Continue reading

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Elon Musk wants clean power. But Tesla’s carrying bitcoin’s dirty baggage

Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year. Tesla … Continue reading

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Meat company JBS confirms it paid $11 mn ransom in cyberattack

The world’s largest meat processing company says it paid the equivalent of USD 11 million to hackers who broke into its computer system late last month. Brazil-based JBS SA said on May 31 that it was the victim of a … Continue reading

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Tesla vehicles can now be bought using bitcoin, says Elon Musk

Tesla Inc chief Elon Musk said on Wednesday the company’s electric vehicles can now be bought using bitcoin and the option will be available outside the United States later this year. “You can now buy a Tesla with bitcoin,” he … Continue reading

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Tesla to accept bitcoin again when greener

Elon Musk, CEO of electric vehicle maker Tesla, said on Sunday that the US company will accept bitcoina type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational … Continue reading

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How murky legal rules allow Tesla’s Musk to keep moving markets

With his cult following, Telsa boss Elon Musk has amassed considerable power to move markets with his musings, but murky rules make it difficult for regulators to rein him in. The celebrity CEO, who boasts more than 54 million Twitter … Continue reading

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Cuba to recognise, and regulate, cryptocurrencies

Havana: Cuba’s government has said it will recognise, and regulate, cryptocurrencies for payments on the island. A resolution published in the Official Gazette on Thursday said the Central Bank will set rules for such currencies and determine how to license … Continue reading

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El Salvador becomes first country to make bitcoin legal tender

El Salvador has become the first country in the world to grant legal tender status to bitcoin. A Reuters report said that a majority of lawmakers approved a bill, which was moved by President Nayib Bukele. The law will pave … Continue reading

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