Tag: Bitcoin
Bitcoin could stay below $69,000 peak for two years, says Binance boss
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Bitcoin could stay below its historical high of $69,000 for the next two years after the latest digital asset market rout, according to the chief executive of the world’s largest cryptocurrency exchange. Changpeng Zha...
Bitcoin value slumps below $20,000 in cryptocurrencies turmoil
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The price of a bitcoin has fallen below $20,000 (£16,400) amid deepening turmoil in the cryptocurrency market. The cornerstone digital asset slipped to levels not seen since December 2020 on Saturday morning, at one p...
Climate groups say a change in coding can reduce bitcoin energy consumption by 99%
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Bitcoin mining already uses as much energy as Sweden, according to some reports, and its booming popularity is revitalizing failing fossil fuel enterprises in the US. But all that could change with a simple switch in ...
Mastercard blocks Russian firms; bitcoin rises after latest sanctions on Russia – business live
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Bitcoin miners revived a dying coal plant – then CO2 emissions soared
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Environmentalists in Montana called it the “death watch”. Following years of financial losses one of the handful of remaining coal-fired power plants in the state appeared doomed, its likely fate offering a small but ...
Bitcoin miners revived a dying fossil fuel plant – then CO2 emissions soared
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Environmentalists in Montana called it the “death watch”. Following years of financial losses one of the handful of remaining coal-fired power plants in the state appeared doomed, its likely fate offering a small but ...
Bitcoin paradise? Briton creates ‘crypto utopia’ in South Pacific
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For the past 12 years Anthony Welch and his partner Theresa have been living a Robinson Crusoe life alone on a South Pacific island mostly untouched by humanity. Welch, a retired British property investor, hopes the t...
‘Sexy horror comedy’: Bitcoin laundering suspect is also ‘raunchy rapper’ Razzlekhan
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A woman accused of laundering billions of dollars in stolen cryptocurrency alongside her husband may end up becoming better known for her excruciating music career as a self-styled “raunchy rapper” called Razzlekhan. ...
US married couple arrested for allegedly conspiring to launder $4.5bn in bitcoin
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The US justice department has announced the unraveling of its biggest-ever cryptocurrency theft case, seizing a record-shattering $3.6bn in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex. A husban...
Tales from the crypto: lira crisis fuels Bitcoin boom in Turkey
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In the offices of AltCoin, a cryptocurrency hub tucked away in a sidestreet in Istanbul’s bustling Kadıköy neighbourhood, two wall-mounted TV sets showed the live value of currencies bitcoin and Ethereum, both graphs ...
Panic as Kosovo pulls the plug on its energy-guzzling bitcoin miners
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For bitcoin enthusiasts in Kosovo with a breezy attitude to risk, it has been a good week to strike a deal on computer equipment that can create, or “mine”, the cryptocurrency. From Facebook to Telegram, new posts in ...
Bitcoin could become ‘worthless’, Bank of England warns
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The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything. In a warning over the potential risks for investors, the central bank ...
Satoshi Nakamoto, Craig Wright and a bitcoin mystery in America
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In Budapest, there is a bust by the Danube River. The face is bronze, and blank, so people can see their own faces reflected back at them. It is wearing a hoodie, with the bitcoin logo on the chest. It is a statue of ...
Bitcoin price surges to record high of more than $68,000
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The bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks. This beats the previous recor...
Bitcoin could trigger financial meltdown, warns Bank of England deputy
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A senior Bank of England policymaker has warned that digital currencies such as bitcoin could trigger a financial meltdown unless governments step forward with tough regulations. Likening the growth of cryptocurrencie...
Waste from one bitcoin transaction ‘like binning two iPhones’
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A single bitcoin transaction generates the same amount of electronic waste as throwing two iPhones in the bin, according to a new analysis by economists from the Dutch central bank and MIT. While the carbon footprint ...