Representational photo: Elon Musk

Photo: Knoxville News

Elon Musk's Tweet On Bitcoin Costs Him $15 Bn, Loses Top Billionaire Spot

Tesla CEO Elon Musk on February 22 slipped again from the wealthiest position after losing $15.2 billion from his wealth. The financial blow took place after Musk's tweet that read prices of Bitcoin and its rival Ether "do seem high", causing a 8.6% dip in Tesla's share. Just two weeks ago, the company had announced to have invested $1.5 billion in Bitcoin for future transactions . Meanwhile, Amazon's Jeff Bezos topped the Bloomberg… read-more

Tue, 23 Feb 2021 - 11:15 AM / by Harsh Vardhan

Tags: Elon Musk, Tesla Inc., Cryptocurrency, Bitcoin, Ether

Courtesy: The Economic Times

Representational photo: Bitcoin

Photo: Emirati News

Bitcoin Enters Trillion-Dollar Club; Added $415 Billion In 2021

Cryptocurrency Bitcoin's market capitalization skyrocketed to $1 trillion on February 19 for the first time. It's value surged over $53,262 on the same day at the Coinbase exchange. As per Bloomberg, the company added over $415 billion of value in 2021 and hiked 60% this month. Meanwhile, Bitcoin has joined the trillion-dollar market club, which includes Amazon, Microsoft, Apple, and Alphabet. However, experts still believe Bitcoin… read-more

Sat, 20 Feb 2021 - 03:06 PM / by Harsh Vardhan

Tags: Cryptocurrency, Bitcoin, Coinbase Exchange, Bloomberg

Courtesy: Business Insider

Representational photo: Tesla Model 3.

Photo: Somag News

Bitcoin's Value Surges Over $47,000 After Tesla Buys $1.5 Billion Units

Bitcoin's value surged nearly 20% to over $47,000 soon after Tesla CEO Elon Musk tweeted about buying $1.5 billion of the cryptocurrency for future transactions. Besides, heavy trading in cryptocurrencies after Musk's tweet caused technical issues in exchanges like Coinbase and Gemini. Known to be a cryptocurrency supporter, Musk's Tesla has stated that it invested 8% of its reserves into bitcoin. As per experts, companies like Apple may… read-more

Tue, 09 Feb 2021 - 01:42 PM / by Harsh Vardhan

Tags: Cryptocurrency, Bitcoin, Tesla, Elon Musk

Courtesy: The Indian Express

Bitcoin

Photo: Hacker Noon

Govt Lists Bill In Lok Sabha To Ban Private Cryptocurrencies

The Centre on January 30 listed a bill in the Lok Sabha, provisioning to ban all private cryptocurrencies in India. Besides, the bill also points to create a legislative framework for official digital currency of India. However, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 exempts certain thing to promote the technology and very idea of cryptocurrency. Earlier, the Supreme Court had overruled the RBI’s 2018 ban on… read-more

Sat, 30 Jan 2021 - 11:37 AM / by Ashly Ann Varghese

Tags: Government, Cryptocurrency, Bitcoin, RBI

Courtesy: Livemint

German Police Shuts Down The "world's largest" Dark Web Drugs Market

Photo: Forbes

Germany Shuts Down World's Largest Dark Web Market, Arrests Owner

The German police have arrested the Australian operator of the world's largest darknet marketplace DarkMarket for selling drugs, stolen credit card data, and malware. Shutting down the market and switching off the servers, the investigators found 3,20,000 transactions took place through the market. The authorities have seized its 20 servers in Moldova and Ukraine and have evaluated its turnover to around $170 million. Meanwhile, the accused,… read-more

Tue, 12 Jan 2021 - 05:13 PM / by Archita chakraborty

Tags: darkweb, Drugs, Germany, Australia, DarkMarket, Cryptocurrency

Courtesy: Hindustan Times

Steve Wozniak

Photo: Crypto Gazzete

Apple Co-Founder Steve Wozniak Starts New Venture 'Efforce'

Apple co-founder and entrepreneur Steve Wozniak has launched his latest venture Efforce, 45 years after he jointly started the tech-giant. Steve's decentralized platform, while financially benefitting investors, aims to ease funding for 'green' projects using cryptocurrency and blockchain technology. Besides, Efforce has launched WOZX cryptocurrency tokens, which are named after Steve, to buy projects from energy service companies. Reportedly… read-more

Mon, 07 Dec 2020 - 02:18 PM / by Harsh Vardhan

Tags: Steve Wozniak, Cryptocurrency, Blockchain, Apple, Efforce

Courtesy: Money Control

Paypal

Photo: Paypal

PayPal Enters Cryptocurrency Market, To Allow Transactions From 2021

US-based payment processing company, PayPal, on October 21 announced its entry into the cryptocurrency market. The company stated that using its online wallets, customers can purchase and sell bitcoins, which can be used for other transactions from early 2021. Reportedly, PayPal has also received a conditional cryptocurrency licence from the US authorities. The company's CEO believed that it can play an important role in the "digital-currency… read-more

Wed, 21 Oct 2020 - 08:43 PM / by Mahadevan K V

Tags: Cryptocurrency, Bitcoins, Paypal, Digital Currency

Courtesy: Reuters