The original cryptocurrency has lost more than 50% from its mid-April high of almost $65,000, leaving it up marginally for the year. Bitcoin dropped as much as 10% to $29,333 on Tuesday, just above last year’s closing price of $28,997. Chart-watchers said Bitcoin, which failed to retake $40,000 last week, could have a tough time finding support […]
The wider Bloomberg Galaxy Crypto Index, which tracks some of the major cryptocurrencies, also advanced, adding as much as 7.7% at one point. With Bitcoin crossing the $40,000 threshold, many chartists are looking at $42,500 as its next important level to breach. “Bitcoin is always going to be volatile and the manic run-up we had […]
Yet for one small Salvadoran beach town, crypto is already part of daily life. Bukele, who was elected in 2019 from the centre-right Grand Alliance for National Unity party, has since festooned his Twitter account in crypto branding. El Zonte’s early adopters share his excitement. Ahead of a meeting between the International Monetary Fund and […]
Gather round, folks, it’s that time of the week again. That’s how many users Bitcoin Beach, a pilot crypto project in the small El Salvadoran beach town of El Zonte, has. Young people took to the streets last month to demand more economic opportunity just weeks after the country introduced austerity measures meant to offset […]
Many experts say proof of stake can offer the crypto sector a dramatically greener future. Chia coin is marketed as a cryptocurrency with an ecological “farming” method, though environmentalists say the e-waste issue is a problem. With a market cap just shy of $1 trillion, Bitcoin’s carbon footprint of 54 million metric tonnes of carbon […]
On April 20, Germany’s ruling CDU/CSU finally chose who it will run as the conservative candidate to succeed Chancellor Angela Merkel in Germany’s September 2021 federal election: stuffy and unpopular Armin Laschet. Since then that lead has solidified and the Greens have overtaken the CDU in polling averages for the first time ever, suggesting that […]
The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co. Bitcoin’s waning dominance carries echoes of “froth” to the extent it’s being fueled “by a rally in other cryptocurrencies driven more […]
The bodies of the 15 artisanal miners, who were all male and between the ages of 14 and 40, were retrieved by Saturday evening. …Read the full story
“From today all businesses across the country will be closed. People will not be allowed to go into the markets to do their shopping for Eid,” Al Jazeera’s Kamal Hyder reported from the capital, Islamabad. Need the country to unite in response and achieve once again what we achieved in the first wave, for which […]
The country shed 207,100 jobs last month, Statistics Canada reported Friday from Ottawa, partially erasing large gains over the previous two months. Despite the setback, analysts expect a quick rebound as early as June once containment measures have been lifted with the economy back on track toward full recovery — as was the case after previous lockdowns. […]
And in March, Tesla came under scrutiny when the military banned its cars from entering its complexes, citing security concerns over vehicle cameras, sources told Reuters at the time. Last month, state media and regulators homed in on Tesla after a customer, angry over the handling of her complaint about malfunctioning brakes, climbed on top […]
High-profile Bitcoin supporters have come out in force to defend their favourite cryptocurrency. A report published last week – sponsored by Tesla Inc’s Elon Musk, Square Inc’s Jack Dorsey, and ARK’s Cathie Wood, one of Wall Street’s hottest investment pros – depicts Bitcoin as an “ideal” part of renewable energy projects involving solar, wind and […]
Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied roughly 180% Friday, according to CoinMarketCap.com, reaching a market value of more than $48 billion. Doge’s surge is part of a rise in altcoins, a term for all the digital tokens that have sprung up in imitation of Bitcoin. We knew something big […]
Media tycoon Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia last month. …Read the full story
