Bitcoin fails its first inflation test as the selloff deepens

Bitcoin’s steep sell-off undermines the argument made by advocates of the digital currency that it is a hedge against inflation. The original cryptocurrency has lost about half of its value since mid-April and fizzled out after a spectacular rally that rose from around $ 7,000 in early 2020 to over $ 60,000. It was trading … Read more

Tesla will “most likely” accept Bitcoin again as a means of payment, says Musk

In this illustration from February 9, 2021, representations of the virtual currency Bitcoin can be seen in front of the Tesla logo. REUTERS / Dado Ruvic Jul 21 (Reuters) – Electric car maker Tesla Inc (TSLA.O) will most likely resume accepting Bitcoin as a form of payment once it has due diligence on the amount … Read more

It wasn’t bitcoin mining! All 3,800 PlayStation have played FIFA to get prizes and to resell them

The investigation found that the 3,800 PlayStation 4s that they originally thought would be used for Bitcoin mining were actually programmed to automatically play FIFA and earn Ultimate Team cards. July 21, 2021 Read for 3 minutes This article was translated from our Spanish edition using AI technologies. Errors can occur because of this process. … Read more

Jack Dorsey hopes Bitcoin will contribute to world peace

Jack Dorsey, Co-Founder and CEO of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, USA, on Friday, June 4th, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Square CEO Jack Dorsey has high hopes for digital assets and the emerging currency Bitcoin. “My hope is that it will … Read more

British man arrested for 2020 Twitter hack, bitcoin scam from Biden, Obama, Musk, Buffett accounts

Rafael Henrique | LightRakete | Getty Images A Briton was found out in Spain on Wednesday in connection with the 2020 hack of Apple’s Twitter accounts, President Joe Biden, former President Barack Obama, Tesla CEO Elon Musk, Warren Buffett, Microsoft founder Bill Gates and more than 100 others arrested for cheating on their Bitcoin followers, … Read more

Core Scientific, a large US bitcoin mining company, goes through SPAC. on the stock exchange

Cryptocurrency mining operator Core Scientific announced on Wednesday that through a merger with Power & Digital Infrastructure Acquisition Corp. listed on the Nasdaq. The deal with the purpose-built acquisition company values ​​Core Scientific at around $ 4.3 billion. It is not clear when trading will start. The ticker name was not disclosed. With offices in … Read more

Bitcoin grows its profits, climbing over $ 32,000 as cryptocurrencies bounce back from the sell-off

A bitcoin sign with a graphic in the background. STR | NurPhoto via Getty Images Bitcoin and other cryptocurrencies rebounded on Wednesday after a brief sell-off, with the world’s largest digital coin climbing back above $ 30,000. The price of Bitcoin was trading as high as $ 32,765 on Wednesday, according to Coin Metrics, and … Read more