The price of the digital currency has surged more than 80% so far this year. A single bitcoin currently costs around $ 55,000 and there are about 18.6 million of them in circulation.
Jack Dorsey is partnering rapper Jay-Z to fund the trust with an initial investment of 500 Bitcoins (around Rs 170 crore). Trust seeks to make bitcoin 'internet’s currency’.
A bill to ban private cryptocurrency will soon be sent for cabinet approval. However, it will also enable the issuance of a digital currency by the RBI.
Tesla founder's page on Twitter simply said #bitcoin with no further explanation, but speculation that he might be a Bitcoin investor was enough to set off a dramatic rally.
The non-virtual side of Bitcoin buying gets far less attention even as its annual power consumption is estimated at around 77.8 terawatt-hours, up from 9.6 terawatt-hours in 2017
Until its recent initial public offering, the moneyed folk who would never deign to set foot in an Airbnb Inc. property could buy in, whereas a younger, regular user could not.
Bitcoin prices have tumbled 14% this week, marking the steepest decline since March. Commentators have cautioned that a sustained drop below $30,000 could presage further losses.
Bitcoin slid as much as 21% over Sunday and Monday to as low as $32,389. That’s the biggest two-day slide since global markets were first roiled by the pandemic last year.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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