Tesla’s $1.5 billion Bitcoin bet sends cryptocurrency to record high
09 February 2021 | 11:26 am
News that electric carmaker Tesla has bought $1.5 billion worth of Bitcoin, and that it will start accepting payments in the cryptocurrency, sent its price to record highs. Bitcoin was trading over $47,000 early on Tuesday, according to the website Coindesk.
21 Jun 2021
Chinese authorities have told all crypto mining to stop, citing speculation risk and power consumption concerns. The move has hurt the share prices of Bitcoin and others.
23 Jun 2021
The price of Bitcoin dropped below the all-important $30,000-mark after China made several moves to rein in the cryptocurrency. The fall could trigger a sell-off, but experts say China isn't as important as it once was.
28 Jun 2021
What's up with Bitcoin? It's down, dropping to its lowest level since January after China announced a crackdown on cryptocurrency mining. Is it, as stated, about going green and cooling it in the nation that's home to an estimated two-thirds of the energy-sucking giant computer servers that create virtual currencies? Or is it about reining in a cottage industry that is out of not only Beijing's control, but that of central banks and regulators the world over?
23 Jul 2021
Malaysian police have hit on a novel way to dispose of more than 1,000 bitcoin-mining machines seized in raids -- crushing the devices using a steamroller. Authorities on Borneo island discovered the machines, worth an estimated 5.3 million ringgit ($1.25 million), in crackdowns between February and April, and say they were powered using stolen electricity.
16 Aug 2021
Twitter founder Jack Dorsey has claimed that Bitcoin will "unite the world".
17 Aug 2021
The US government is investigating Tesla's partially automated driving system after crashes that left one person dead and 17 people injured.
11 Sep 2021
El Salvador has become the first country in the world to make Bitcoin legal tender, despite surveys showing widespread scepticism about the move. The government has invested more than $20 million in the cryptocurrency in recent days, saying it will open up access to banking for many Salvadorans. Bitcoin will be accepted for payments in parallel with the US dollar. Also today, millions of Americans have lost their unemployment benefits as several pandemic-era welfare programmes have expired.
11 Sep 2021
The value of Bitcoin has plunged by more than 10 percent after El Salvador on Tuesday became the first country in the world to accept the cryptocurrency as legal tender. The launch was marred by protests and technical difficulties with the digital wallet app, which had to be taken offline for several hours. Also today, we report on tourism businesses in the southwest of France that have benefitted from the recent spell of good weather, which has prolonged their summer season.
8 Sep 2021
El Salvador has become the first country in the world to adopt bitcoin as legal tender. The government says the cryptocurrency will save people money, but many residents are skeptical.
10 Sep 2021
On 7 September 2021, El Salvador became the first country to embrace bitcoin as legal tender. Consumer demand saw its brand-new cyber wallet system crash on its first day of use as the currency's value seesawed against the US dollar. While thousands of Salvadorans are already using the cryptocurrency for everyday transactions, hundreds have taken to the streets to protest with concerns about the safety and legitimacy of the cyber currency.
1 Oct 2021
Fresh accusations of racism have landed US carmaker Tesla in court. The electric car manufacturer has faced similar allegations in the past.
16 Oct 2021
Thousands of Salvadorans march in San Salvador against the use of bitcoin in the economy and against a decree that ordered the dismissal of a third of the nation’s judges.
29 mins ago
Protesters are demanding easing of COVID curbs in Beijing and Shanghai. People also took to the streets in the western Xinjiang's capital Urumqi after deaths in an apartment fire were blamed on lockdowns.
29 mins ago
The former youth minister and accused militia leader returned to Ivory Coast after years in exile. He was acquitted of crimes against humanity at the ICC over his role in deadly post-election violence in 2010.
29 mins ago
London's transport authority banned Qatar tourism ads due to the Gulf state's anti-LGBTQ laws. A spokesperson for Qatar accused London's city's mayor of "virtue signaling" for political points during the World Cup.
31 mins ago
''I experienced racism'' at Buckingham Palace says charity worker
1 day ago
Janusz Walus was due to be released on parole after serving nearly 30 years in prison for killing anti-apartheid leader Chris Hani. News of his expected release caused wide controversy.
1 day ago
The leaders of Germany and Norway have said they will propose that NATO plays a role in protecting undersea infrastructure like gas pipelines or fiber optic cables. This follows the sabotage of the Nord Stream pipelines.