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Electricity needed to mine bitcoin is more than used by ‘entire countries’
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 … Read More
Tag: cryptocurrencies
India plans to ban all private cryptocurrencies | The Express Tribune
MUMBAI: The Reserve Bank of India (RBI) has “major concerns” about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability. Das said he had communicated his … Read More
Elon Musk no longer world’s richest person as Tesla shares fall
Elon Musk, the maverick boss of Tesla, is no longer the world’s richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (£10.8bn) off his … Read More
Robinhood to allow customers to deposit, withdraw cryptocurrencies | The Express Tribune
Online broker Robinhood said on Wednesday it intends to give customers the ability to deposit and withdraw cryptocurrencies, including the meme-based dogecoin. The trading app popular with young investors currently … Read More
PayPal unlikely to invest cash in cryptocurrencies | The Express Tribune
PayPal Holdings is not likely to buy cryptocurrencies such as bitcoin, the payments processor’s Chief Financial Officer John Rainey told CNBC on Thursday. “We’re not going to invest corporate cash, … Read More
Government Plans to Ban ‘Private Cryptocurrencies’ in India
The authorities has listed a invoice that can prohibit “all private cryptocurrencies” in India and supply a framework for creation of an official digital forex to be issued by the … Read More
India ban cryptocurrencies, create official digital forex | The Express Tribune
MUMBAI: India plans to introduce a legislation to ban personal cryptocurrencies similar to bitcoin and put in place a framework for an official digital forex to be issued by the … Read More