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  1. Bitcoin now legal tender in El Salvador, first nation to adopt cryptocurrency Central American nation hopes to lower remittance costs and boost investment. On Wednesday, El Salvador’s president signed into law a proposal to adopt bitcoin as legal tender, making the Central American nation the first in the world to officially use the cryptocurrency. The new law says that companies must accept bitcoin as a form of payment, and the government will allow people to pay taxes with it as well. The exchange rate with the dollar will be set by t
  2. Elon Musk confirms that you can now use Bitcoin to buy a Tesla Back in February, Tesla announced that it had made a $1.5 Billion investment into Bitcoin and is planning to add Bitcoin as a mode a payment. Now, the company has confirmed that customers can buy Tesla cars using Bitcoin. Tesla CEO Elon Musk confirmed on Twitter that customers in the US can now book cars using Bitcoin. He further noted that the company plans to expand the ability to buy Tesla using Bitcoin to other countries later this year. Musk also confirmed that Tesla will operate the Bitcoi
  3. Bitcoin Spikes to New Record High Over $61K The top cryptocurrency by market cap rose to $60,065 in a matter of minutes on Saturday morning. Bitcoin prices for the last 24 hours.(CoinDesk 20) After a period of drops and consolidation since mid-February, Bitcoin has found its mojo again and soared to new all-time highs. In a move starting just after 10:00 a.m. UTC Saturday, the top cryptocurrency by market cap crossed $60,000 for the first time and hours later crossed $61,000 to set a new all-time high of $61,124.86, according to the CoinDesk
  4. India’s finance minister reconsiders a ban on cryptocurrencies The Indian government might not completely ban cryptocurrencies. In an interview on March 5, country’s finance minister Nirmala Sitharaman said that she wants to foster innovation in crypto. “We want to make sure that there is a window available for all kinds of experiments which will have to take place in the crypto world,” she said during an interview on CNBC TV18, a business and financial news television channel in India. “We are not closing our minds.” The comments from Sitharaman count
  5. Bitcoin is on track for its worst weekly drop in nearly a year Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets. The largest cryptocurrency slumped as much as 20% this week, the most since March, and was holding at about $46,925 as of 10:22 a.m. in Hong Kong. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, is down 22% this week. The rough patch for Bitcoin comes amid wider chaos in global markets, as a surge in bo
  6. Asked whether you will buy bitcoins, big bull Rakesh Jhunjhunwala answered, "I won't buy it for even $5." In an interview with CNBC International TV, the ace investor said, "Only the sovereign has the right to create currency in the world. Tomorrow people will produce 5 lakh bitcoins, then which currency will go? Something which fluctuates 5-10% a day, can it be considered as currency?" "If a dollar moves 1-2%, it becomes a news, but bitcoin fluctuates 10-15% every day," Jhunjhunwala said. On cryptocurrency trading, he said, "I think it's speculation of the highest order."
  7. Bitcoin keeps hitting new highs after Tesla backing Much talked-about cryptocurrency Bitcoin has continued to hit record highs having broken through $50,000 (£35,700) last week. On Sunday, Bitcoin hit another peak rising above $58,000 as it continues its strong momentum this year. The cryptocurrency has risen more than 90% since the start of January, pushing its total market value above $1tn. The recent spike has been fuelled by Tesla and other big companies accepting it as
  8. Bitcoin hits $1 trillion market cap, surges to fresh all-time peak NEW YORK/LONDON (Reuters) - Bitcoin hit a market capitalization of $1 trillion as it rose to yet another record high on Friday, countering analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices. 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. Bitcoin’s gains have been fueled by signs it is gaining acceptan
  9. Bitcoin vaults above $50,000 for first time ever LONDON (Reuters) - Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,602, and was last up 3.3% at $49,537. It has risen around 72% so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin. It also said it would accept the currency as payment. But Tesla was only the latest in a
  10. Bitcoin powers towards $50K as Tesla takes it mainstream FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo The most popular cryptocurrency has gained 1,150% from March 2020 lows as institutional investors search for alternative wealth stores and retail traders ride the wave. It traded at a few hundred dollars only five years back. Monday, it leapt 20% after Tesla announced it had a $1.5 billion investment and that it would eventuall
  11. Tesla buys $1.5B in bitcoin, may accept the cryptocurrency as payment in the future Image Credits: TechCrunch Today in an SEC filing, Tesla disclosed that it has acquired $1.5 billion in bitcoin, the popular cryptocurrency. Moreover, the company noted that it may also accept bitcoin in the future as a form of payment for its cars, though it did allow that there is some regulatory uncertainty around that effort. As the news broke, the price of bitcoin instantly rose by around 7% to more than $40,000 per coin. Tesla had previou
  12. The security risks of bitcoin Cryptocurrencies are having a moment. Not only is the price of one bitcoin hovering around the all-time high of nearly US$42,000 it hit in early January, but the Reserve Bank of Australia has announced that it’s researching a crypto-based digital currency, and bitcoin has been accepted as collateral by Australian courts. Advocates are confidently predicting a greater role for cryptocurrencies (shorthanded to ‘crypto’) in the public and private sectors. But those ebullient narratives don’t give a complete picture of the security
  13. Cops can’t access $60M in seized bitcoin—fraudster won’t give password The fraudster served two years for distributing bitcoin mining malware. Enlarge Aurich Lawson / Getty Images 21 with 21 posters participating Officials in Germany have seized a digital wallet believed to contain $60 million in bitcoins obtained by fraudulent online activity. The original owner of the wallet was convicted of installing bitcoin mining malware on peoples' computers without permission and has served more than two years in prison.
  14. India plans to introduce law to ban Bitcoin, other private cryptocurrencies Image Credits: Getty Images India plans to introduce a law to ban private cryptocurrencies such as bitcoin in the country and provide a framework for the creation of an official digital currency during the current budget session of parliament. In the agenda (PDF) published on the lower house website, the legislation seeks to “prohibit all private cryptocurrencies in India,” but allow “for certain exceptions to promote the underlying technology [blockchain] of crypto
  15. Bitcoin tops $40,000 for first time, pushing cryptocurrency market value past $1 trillion KEY POINTS Bitcoin smashed through $40,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues. Bitcoin’s resurgence has been attributed to a number of factors including more buying from large institutional investors. Bitcoin smashed through $40,000 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time. The digital
  16. Deep dive — Want to really understand how bitcoin works? Here’s a gentle primer Ars goes deep on the breakthrough online payment network. Enlarge The Matrix / Aurich 28 with 23 posters participating, including story author Update, 12/26/20: It's the year end holiday season, and Ars staff has been enjoying some much needed downtime. While that happens, we're resurfacing some classic Ars stories like this 2017 explainer on everything you've wanted to know a
  17. Following an investigation that began in 2016 at the behest of US authorities, New Zealand's High Court has now ordered the seizure of cash and more than US$21m in cryptocurrencies from a man who helped to develop a movie piracy site. The funds were restrained back in 2019 and in the meantime have gained significant value. Back in 2016, police in New Zealand received information from the Internal Revenue Service in the United States that a movie piracy website was being operated by a local man. According to the IRS, the man and his associate
  18. The feds just seized Silk Road’s $1 billion stash of bitcoin Forfeiture comes two days after mystery party transferred 69,369 BTC out of wallet. BTC Keychain 51 with 44 posters participating On Wednesday, Ars reported that someone had transferred close to $1 billion in bitcoin out of a wallet likely associated with the Silk Road crime bazaar. Now we know who that mystery party is: the US Department of Justice, which in 2013 shut down Silk Road and went on to put its founder, Ross Ulbricht, behind bars for life.
  19. Bitcoin hits $14,000 for the first time since early 2018 Bitcoin hit a low of $3,200 in late 2018. Enlarge Thomas Trutschel / Getty Images News 9 with 9 posters participating The price of one bitcoin rose above $14,000 on Saturday morning. It was the first time the virtual currency reached that level since January 2018. As I write this, the currency is trading for around $13,800. Bitcoin, a currency whose name has become synonymous with price volatility, has seen three major bull runs in t
  20. Mysterious bitcoin wallet emptied of almost a billion dollars of cryptocurrency Recipient address becomes world’s second largest bitcoin wallet (Image credit: Shutterstock / Igor Batrakov) The owner of the world’s largest unattributed bitcoin wallet has emptied their account of almost $1 billion in cryptocurrency. The transaction saw 101,857 BTC (with a market value of circa $933m at the time of writing) delivered to two recipients, with first first receiving 5,000 BTC ($45.8m) and the second 96,857 BTC ($887.4m).
  21. Bitcoin’s “halving” is bad for miners, good for everyone else A lower rate of bitcoin creation means the network consumes less energy. Enlarge Karen Bleier/AFP/Getty Images 53 with 34 posters participating, including story author The bitcoin network underwent a significant change on Monday as the number of new bitcoins produced in each block fell by half. This is according to a schedule established by bitcoin founder Satoshi Nakamoto almost 12 years ago. Previously, each block in the block
  22. Bitcoin loses 21 percent of its value in broad cryptocurrency rout Falling cryptocurrency prices reflect a global selloff of risky assets. Enlarge Thomas Trutschel / Getty Images News 153 with 81 posters participating, including story author The cryptocurrency world has experienced its biggest one-day plunge in months. Bitcoin, the most popular cryptocurrency, is down 21 percent over the last 24 hours. Earlier today, Bitcoin fell below $6,000 for the first time since May 2019. Ether, the c
  23. Bitcoin near two-week highs, fueled by hopes for Facebook's Libra FILE PHOTO: A small toy figure is seen on representations of the Bitcoin virtual currency in this illustration picture, December 26, 2017. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) - Bitcoin held on Tuesday near its highest for two weeks after surging as much as 9% overnight, a move analysts said was probably driven by hopes that cryptocurrencies are gaining wider acceptance after Facebook disclosed plans for a digital coin. Bitcoin touched $12,833 overnight on the Bitstamp e
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