Page 32 - Latest Updates on Bitcoin
Top headlines: Delhi's positivity rate at 1-month low; Bitcoin below $50k
Business Standard brings you stories that made the headlines on Thursday
 "Top headlines: Delhi's positivity rate at 1-month low; Bitcoin below $50k")
Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn
Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings
 "Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn")
Bitcoin recoups some losses in Asian trade 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
Bitcoin rebounds after Musk says Tesla will suspend using cryptocurrency
Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles
 "Bitcoin rebounds after Musk says Tesla will suspend using cryptocurrency")
Cryptocurrency ethereum hits another record high as 2021 gains near 500%
Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications
 "Cryptocurrency ethereum hits another record high as 2021 gains near 500%")
Gaining currency
Large firms signal mainstream acceptance of crypto
 "Gaining currency")
A new avatar: Making a case for crypto-currencies to fill SME financing gap
Studies point out that the 40 million-odd SMEs in India, with limited access to formal credit, face a financing gap of $250-500 billion
 "A new avatar: Making a case for crypto-currencies to fill SME financing gap")
S&P, Dow Jones bring bitcoin, ethereum to Wall St with crypto indexes
The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them
 "S&P, Dow Jones bring bitcoin, ethereum to Wall St with crypto indexes")
Ethereum breaks past $3,000 to quadruple in value in 2021
Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin
 "Ethereum breaks past $3,000 to quadruple in value in 2021")
Competition Commission paper on blockchain tech spells regulatory risk
In case of permission-less blockchains, network participants may be anonymous or pseudonymous - their identities are not known fully - the CCI discussion paper notes
 "Competition Commission paper on blockchain tech spells regulatory risk")
Elon Musk says Tesla sold bitcoin to prove liquidity as cash alternative
Tesla fell as much as 3.1% in late trading after its results were announced Monday despite a record profit in the first quarter
 "Elon Musk says Tesla sold bitcoin to prove liquidity as cash alternative")
Inspired by Cummins, Brett Lee donates bitcoin for India's Covid fight
Lee on Tuesday decided to donate one bitcoin (approximately Rs 40 lakh)
 "Inspired by Cummins, Brett Lee donates bitcoin for India's Covid fight")
Tesla logs $10.4 bn in sales in Jan-Mar 2021, makes $101 mn in Bitcoin
Before it starts India operations this year, Tesla has reported $10.3 billion in sales and net income of $438 million in the first quarter of 2021
Bitcoin jumps as much as 8%, on course to snap five days of declines
The cryptocurrency has slumped almost a fifth from its all-time high hit earlier this month.
 "Bitcoin jumps as much as 8%, on course to snap five days of declines")
Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans
Bitcoin is on track for a 15% loss on the week
PayPal's Venmo launches cryptocurrency buying and selling features
Venmo users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1
 "PayPal's Venmo launches cryptocurrency buying and selling features")
'Britcoin' digital currency being considered by UK authorities
The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency,
 "'Britcoin' digital currency being considered by UK authorities")
Crypto-linked stock mania tested by sliding prices, slump in Bitcoin
Coinbase, the biggest U.S. cryptocurrency exchange, closed at $342 on Friday
Global Markets: Asian stocks hit one-month highs, Bitcoin climbs
Indicators were positive for Europe as well with futures for Eurostoxx 50 up 0.2%
 "Global Markets: Asian stocks hit one-month highs, Bitcoin climbs")
Nordic region, Bitcoin's green haven, is running out of surplus electricity
Clean Nordic power available for Nordic mining set to dwindle; electricity needed to mine Bitcoin surged 66-fold since 2015
 "Nordic region, Bitcoin's green haven, is running out of surplus electricity")