Bitcoin

Bitcoin Miners in US Bet on Flared Natural Gas as Energy Source Amid Environmental Concerns

Agence France-Presse | Monday May 17, 2021

Bitcoin miners in the US claim that they have found a way to reduce the environmental impact of mining cryptocurrencies in flared natural gas.

Bitcoin Price Slides Further After Elon Musk Tweets

Reuters | Monday May 17, 2021

Bitcoin price slid further on Sunday after Tesla CEO Elon Musk suggested Tesla may be considering or may have sold off its bitcoin holdings.

Dogecoin Co-Creator Says Cryptocurrency Was Created in 'Two Hours,' Environmental Impact Wasn't Considered

Edited by Gadgets 360 Newsdesk | Saturday May 15, 2021

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 great popularity following endorsement...

Bitcoin Price Drops After Report Binance Under US Probe, Tesla Fallout

Reuters | Saturday May 15, 2021

Bitcoin fell to a more than two-month low in the wake of Tesla chief Elon Musk reversing his stance on accepting the digital currency, selling off for a second straight session on news of a US probe into Binance, one of the world's biggest cryptocurrency exchanges.

Elon Musk Says He’s Working With Dogecoin Developers To Improve Transaction Efficiency

Edited by Gadgets 360 Newsdesk | Saturday May 15, 2021

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.

Elon Musk's Bitcoin Turnaround Pleases Some Tesla Investors

Reuters | Saturday May 15, 2021

Elon Musk's decision to stop accepting Bitcoin as payment over environmental concerns has been well-received by some of Tesla's investors, offering a warning to corporate peers mulling a dabble with the cryptocurrency.

Samsung Blockchain Wallet Now Supports Third-Party Hardware Wallets

Satvik Khare | Friday May 14, 2021

Samsung Blockchain Wallets wull now support cryptocurrency transfer to and from third-party hardware wallets like Ledger Nano S and Nano X. Since the launch of Galaxy S10, Samsung Blockchain wallets support Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC tokens.

UK School Teacher Falls For Fake 'Elon Musk' Bitcoin Scam, Loses Savings Of Rs 9 Lakh

Offbeat | Edited by NDTV News Desk | Friday May 14, 2021

The victim said she lost the money she had saved for a new home; now, she has come forward to warn others not to commit a similar mistake

Name-Drop Brands and Get Paid in Bitcoins: SayPal App Will Reward Users for Saying What It Wants to Listen

Edited by Gadgets 360 Newsdesk | Friday May 14, 2021

SayPal, a concept app, says it will pay users in Bitcoins every time they utter the name of their sponsored brands in regular conversations. SayPal claims that it will pay users for saying what it wants to listen. Check out more details here.

Why Does Bitcoin Mining Consume 'Insane' Energy?

Agence France-Presse | Friday May 14, 2021

Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from Bitcoin mining for particular criticism.

Cloudbet Casino Adds Dogecoin, Litecoin on Its Site Following Customer Survey

Edited by Gadgets 360 Newsdesk | Friday May 14, 2021

Cloudbet casino has added Dogecoin and Litecoin on its site after the two digital coins drew the largest number of votes in a recent survey of almost 10,000 customers. The casino ran the survey to ascertain which new cryptocurrencies to add.

Elon Musk Tweets, Dogecoin Leaps and Bitcoin Retreats

Reuters | Friday May 14, 2021

Bitcoin was pinned near its lowest in more than two months on Friday and headed for its worst week since February, while Dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk sent the two cryptocurrencies on a wild ride.

Palantir to Take Bitcoin as Payment, Mulls Betting on Cryptocurrencies

Reuters | Friday May 14, 2021

Palantir has started accepting payment in Bitcoin and is considering investing in cryptocurrencies, the US analytics provider disclosed, the latest firm to pivot to digital currencies that are gaining wider mainstream acceptance.

Elon Musk Decries 'Insane' Bitcoin Energy Use After Tesla Payment U-Turn

World News | Reuters | Thursday May 13, 2021

Tesla Inc boss Elon Musk on Thursday denounced the "insane" amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns.

Elon Musk Says Tesla Will Stop Accepting BitCoin Because Of Environmental Impact

Written by Sahil Gupta | Thursday May 13, 2021

Musk's decision is polarising because of his support for dogecoin and Tesla's core EV growth being fueled by fossil fuels.