Business

Bitcoin's renewed euphoria as price keeps rising

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.

Business

Bitcoin breaks $50,000 for first time since 2021

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.

Business

UK trial opens into bitcoin 'inventor' claims

The trial of an alleged bitcoin creator opened in London on Monday, seeking to determine whether an Australian computer scientist invented the world's most popular cryptocurrency.

Business

Studying the effects of crypto mining on Texas power grid

Cryptocurrency transactions may be costing more than just transaction fees. The electricity used for these transactions is more than what some countries, like Argentina and Australia, use in an entire year.

Business

States debate whether to restrict—or invite—crypto mining

As cryptocurrency mining draws increased scrutiny on Capitol Hill in Washington, D.C., some state legislatures are considering proposals to restrict the industry over growing concerns about its energy use. Other states, though, ...

Business

Crypto market resilient after collapse of SVB bank

As the Federal Reserve seeks to calm financial markets following the collapse of Silicon Valley Bank, the cryptocurrency market is showing signs of resilience despite links to the crisis.

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