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Page 17 - Bitcoin

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory

Bitcoin plunged more than 15% Monday and another 5.4% Tuesday, part of a broader crypto selloff fueled by higher than forecast US inflation

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory
Updated On : 16 Jun 2022 | 2:38 AM IST

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens
Updated On : 16 Jun 2022 | 2:37 AM IST

'Get-rich-quick' days over for crypto investors post relentless sell-off

Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets

'Get-rich-quick' days over for crypto investors post relentless sell-off
Updated On : 16 Jun 2022 | 6:15 AM IST

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k

A market that started sliding late last year on expectations of tighter monetary policy is now showing signs of widespread panic

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k
Updated On : 15 Jun 2022 | 5:37 PM IST

MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears

MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation

MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears
Updated On : 15 Jun 2022 | 6:31 AM IST

El Salvador's bitcoin holdings value slashed in half by crypto sell-off

The 10 purchases announced by President Nayib Bukele via Twitter have a market value of just over $51 mn, with the biggest single trade - 420 coins at more than $59,000 per coin - down almost 63%

El Salvador's bitcoin holdings value slashed in half by crypto sell-off
Updated On : 14 Jun 2022 | 11:27 PM IST

Bitcoin falls to record-low of $21,000 over worrying inflation data

Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago

Bitcoin falls to record-low of $21,000 over worrying inflation data
Updated On : 14 Jun 2022 | 12:02 PM IST

Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals

Crypto market cap falls below $1 trn for first time since early 2021

Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals
Updated On : 14 Jun 2022 | 1:21 AM IST

Crypto market value tumbles after lender Celsius Network stops withdrawals

Celsius's CEL token was down about 50% to 19 cents as of 7:16 a.m. in New York Kong, according to pricing data site CoinGecko

Crypto market value tumbles after lender Celsius Network stops withdrawals
Updated On : 13 Jun 2022 | 6:19 PM IST

Crypto market value slumps under $1 trn for first time since Jan 2021

The largest cryptocurrency, bitcoin, was down more than 9% on the day, falling to an 18-month low of $23,950

Crypto market value slumps under $1 trn for first time since Jan 2021
Updated On : 13 Jun 2022 | 4:30 PM IST

Jack Dorsey, Jay-Z partner on Bitcoin educational programme in US

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

Jack Dorsey, Jay-Z partner on Bitcoin educational programme in US
Updated On : 10 Jun 2022 | 12:44 PM IST

Cryptoverse: The early birds are betting bitcoin is bottoming out

If you're getting into crypto at these levels, a little near-term volatility could be worth a long-term payoff, says an asset manager

Cryptoverse: The early birds are betting bitcoin is bottoming out
Updated On : 07 Jun 2022 | 5:47 PM IST

Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%

The crypto market could also get a boost from US consumer-price data later this week.

Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%
Updated On : 06 Jun 2022 | 7:08 PM IST

CoinSwitch launches benchmark index for crypto market in Indian Rupee

CRE8 tracks eight assets representing over 85 per cent of the total market capitalisation of digital assets traded in Indian Rupee.

CoinSwitch launches benchmark index for crypto market in Indian Rupee
Updated On : 03 Jun 2022 | 12:24 AM IST

Battered DeFi investors put their hopes in Ethereum revamp: Here's why

Fewer new issuances of Ether, a smaller carbon footprint and higher yields are among the upgrade outcomes that DeFi investors say will fuel an Ethereum rally and boost the industry

Battered DeFi investors put their hopes in Ethereum revamp: Here's why
Updated On : 28 May 2022 | 9:25 PM IST

With market indicators in red, is the end of the bitcoin winter nigh?

Bitcoin is drawing strength from the rest of the crypto market, for example, its relative stature providing some comfort for investors fleeing altcoins

With market indicators in red, is the end of the bitcoin winter nigh?
Updated On : 24 May 2022 | 1:04 PM IST

'Coin' in Bitcoin name doesn't make it money, warns IMF chief Georgieva

Anything not backed by a sovereign guarantee can be an asset class but not a currency, as she asserted that Bitcoin cannot be 'money' just because it has got 'coin' in its name.

'Coin' in Bitcoin name doesn't make it money, warns IMF chief Georgieva
Updated On : 23 May 2022 | 11:14 PM IST

Small investors lose faith and savings in cryptocurrencies after sell-off

Cryptocurrencies are subject to patchy regulation across the world, with traders of bitcoin and the panoply of smaller tokens typically unprotected against price slumps

Small investors lose faith and savings in cryptocurrencies after sell-off
Updated On : 18 May 2022 | 4:54 PM IST

Crypto price collapse offers hope for slowing climate change: Here's how

Prices for the largest cryptocurrencies, bitcoin and ethereum, have both dropped by over 55% in six months, leading some to suggest that regulation is needed to contain the turmoil.

Crypto price collapse offers hope for slowing climate change: Here's how
Updated On : 18 May 2022 | 1:59 PM IST

Bitcoin edges past $30,000-mark as traders assess stablecoin fallout

The world's largest cryptocurrency rose 2% to about $30,500 as of 9:08 a.m. in London. Other coins from Ether to Avalanche also posted modest gains.

Bitcoin edges past $30,000-mark as traders assess stablecoin fallout
Updated On : 17 May 2022 | 6:55 PM IST