Tag: bitcoin
-
Even with govt regulations, CoinDCX is aiming big
Cryptocurrencies are dominating every dialog around the world today. In January 2020, Bitcoin crossed the 40,000-mark and skyrocketed after Tesla said it will begin accepting Bitcoin obligations . But, on Wednesday, Bitcoin had dropped by 13 percent and Ethereum by 15 percent. The fall started after Tesla CEO Elon Musk declared that the company won’t…
-
What’s the endgame of all the speculation & hoarding in Bitcoin
LONDON: Bitcoin’s wild ride this week is far from unusual for the largest crypto token – but the rollercoaster is also its inherent contradiction. Speculators betting for years on bitcoin becoming a stateless digital currency that’s widely used for online retail and payments are largely responsible for its parabolic price rises. But they also seed…
-
Making sense of the markets this week: May 24, 2021
Each week, Cut the Crap Investing founder Dale Roberts stocks fiscal headlines and offers context for Canadian investors. Stocks may collapse when the Fed struggles inflation How can the U.S. Federal Reserve and other central banks fight inflation? By raising prices. And the fear is that inflation-fighting in 2021 will kill stocks. Let’s back up…
-
Bitcoin slides below $40k mark, down nearly 40pc from all-time high
Bitcoin’s dream run hit a major road bump as it slid below the $40,000 mark for the first time since February. One of the most well-known cryptocurrencies globally, Bitcoin’s tumble started when Tesla CEO Elon Musk made a U-turn and announced it will not accept Bitcoin in payments, citing environmental concerns created by cryptocurrency mining.…
-
Elon Musk Has Poker Community on Tilt Over Bitcoin Comments
Elon Musk surely isn’t making friends within the poker community lately. The multibillionaire product architect of Tesla Inc. caused Bitcoin, a type of cryptocurrency that is popular among investment-savvy poker gamers, to plummet with only a couple of tweets. Can Elon Musk cause harm to Bitcoin? (Image: The Indian Express) With a net worth of…
-
Musk wants a greener bitcoin. Has he got a plan?
Elon Musk says Tesla Inc. won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time. Musk announced his new position in a major U-turn on Wednesday, prompting speculation among some experts about whether he had a plan to wean the crypto industry off the fossil fuels…
-
Tesla suspends use of bitcoin over ‘rapidly increasing use of fossil fuels’
Value of digital currency falls 17 per cent, following Tesla CEO Elon Musk finishes decision to let customers pay for its cars in bitcoin Tesla has suspended that the auto giant’s usage of bitcoin just months after announcing it would take the digital currency as payment for its own cars, citing worries over its huge…
-
Bitcoin Just Got Cancelled
Elon Musk and Tesla only recently dropped Bitcoin, and rather – might move towards a more renewable neutral option, such as Dogecoin, rather – here would be the consequences of the occurring, Enjoy! Add me Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $50 ON PUBLIC & SEE MY STOCK TRADES: http://www.public.com/graham GET UP…
-
Musk sends bitcoin tumbling with shock u-turn on payments
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency.In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much…
-
Altcoins like safemoon and dogecoin aren’t going to the moon and you could lose all your money, analysts say
Investors are searching for the next bitcoin and ether. Getty Images / vb Altcoins like safemoon and dogecoin serve little purpose and are highly risky, analysts said. Safemoon bills itself as a decentralized finance token that is set to skyrocket in price. Yet analysts warn it could be a "pump and dump" scheme that hurts…