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Saturday, February 27, 2021



Elon Musk loses $15 billion in a day after Bitcoin warning

February 23, 2021 12:54 pm

Musk drops to second on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4 billion -- down from a peak of $210 billion in January. Inc. founder Jeff Bezos reclaimed the top spot even as his fortune fell by $3.7 billion to $186.3 billion Monday.

‘Growing institutional interest in crypto-currencies… time to initiate sustainable regulation’: Binance CEO Changpeng Zhao

February 23, 2021 8:43 am

As Bitcoin continues to make market gains, spoke to Changpeng Zhao (CZ) CEO at Binance, the world’s largest bitcoin exchange in terms of volume, to discuss what the future holds for crypto-currencies across the world.

Bitcoin hits $1 trillion market cap, surges to fresh all-time peak

February 20, 2021 11:44 am

The world's most popular cryptocurrency jumped to an all-time high of $56,399.99, posting a weekly gain of 14%. It has surged nearly 70% so far this month and was last up 8% at $55,664.

Explained: Bitcoin's journey towards the mainstream — from investments to acceptance

February 16, 2021 6:58 am

Here are some steps from big companies, large investors, banks and payment processors that have shifted bitcoin closer to the mainstream in recent months.

Post-Tesla Investment: Global financial cos, Twitter opening room for Bitcoin; India yet to take call

February 12, 2021 7:36 am

In India, however, the adoption and use of cryptocurrencies still remains a pipe dream, with the country going back and forth on the issue.

Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

February 10, 2021 9:23 pm

Bitcoin production is estimated to generate between 22 and 22.9 million metric tons of carbon dioxide emissions a year, or between the levels produced by Jordan and Sri Lanka, according to a 2019 study in scientific journal Joule.

Musk's bitcoin bet fuels gains in companies already invested

February 10, 2021 12:50 pm

Driven in part by interest from institutional investors, the price of bitcoin has quadrupled in the past four months, surging far beyond record highs set in 2017. Some investors view it a hedge against inflation.

Explained: Why has Tesla invested in bitcoin?

February 15, 2021 9:15 pm

While Tesla’s may be the biggest investment in bitcoin by a consumer facing company, it is noteworthy that it does not hold the largest quantity of bitcoin for a single entity’s corporate treasury.

Tesla stashes $1.5 bn in bitcoin, to accept as payment for cars soon

February 08, 2021 7:03 pm

Tesla said in a filing the decision was part of its broad investment policy as a company and was aimed at diversifying and maximizing its returns on cash.

Bitcoin crosses $40,000 mark, doubling in less than a month

January 08, 2021 12:20 pm

Investors in digital currencies and companies that trade or "mine" them are warning people to be skeptical of Bitcoin's recent rise and to be braced for a lot of volatility.