Bitcoin records biggest one-day drop for almost two months | Bitcoin

Bitcoin has posted its biggest one-day drop in almost two months, amid warnings that novice investors could suffer heavy losses from speculating in crypto assets such as “meme coin” dogecoin. Bitcoin tumbled more than 11% on Sunday, dropping from about $62,000 (£45,000) to $55,000 – its lowest level since the Continue Reading

Value of cryptocurrency bitcoin climbs 5% to record high of $63,000 | Bitcoin

The value of the cryptocurrency bitcoin has surged to a record high, reaching $63,000 (£45,800). The cryptocurrency, which has risen in value by 450% in the last six months, continued to climb by a further 5% during trading on Tuesday. Bitcoin’s price has more than doubled since the start of Continue Reading

China’s vast bitcoin mining empire risks derailing its climate targets, says study | Bitcoin

China’s electricity-hungry bitcoin mines that power nearly 80% of the global trade in cryptocurrencies risk undercutting the country’s climate goals, a study in the journal Nature has said. Bitcoin and other cryptocurrencies rely on “blockchain” technology, which is a shared database of transactions, with entries that must be confirmed and Continue Reading

18-Year-Old Hacker Gets 3 Years in Prison for Massive Twitter ‘Bitcoin Scam’ Hack – Tempemail

A Florida teen accused of masterminding the hacks of several high-profile Twitter accounts last summer as part of a widespread cryptocurrency scam pled guilty to fraud charges in exchange for a three-year prison sentence. Graham Ivan Clark, 18, will also serve an additional three years on probation. The development comes Continue Reading

Electricity needed to mine bitcoin is more than used by ‘entire countries’ | Technology

It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes. The cryptocurrency’s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic Continue Reading

Bitcoin’s market value exceeds $1tn after price soars | Technology

Bitcoin hit a new high on Friday, giving it a market value of more than $1tn for the first time. Bitcoin rose 6.4% during trading on Friday to reach an all-time high above $55,000, and was on track for a weekly gain of about 14%. The surge took its market Continue Reading

Bitcoin surges through key $50,000 level in European trading | Bitcoin

Bitcoin soared through the key $50,000 level on Tuesday for the first time as the growing acceptance of the world’s biggest crypto currency among large banks and investment funds continued to draw in mainstream investors. After a meteoric rise in which its value increase by 75% since the start of Continue Reading

Elon Musk’s Behaviour Labelled ‘Criminal’ Post Bitcoin Price Surge – Tempemail

Elon Musk has been accused of manipulating the price of Bitcoin by economist Nouriel Roubini. In an interview with CoinDesk, Roubini says that it’s “criminal behaviour” for Musk to take an individual stance on the crypto. This comes after Tesla invested $1.5 billion into the cryptocurrency, causing Bitcoin to reach Continue Reading