Page 27 - Latest Updates on Bitcoin
Top headlines: Bitcoin sinks below $30,000; Hero MotoCorp to hike prices
Business Standard brings you the top news of the evening
 "Top headlines: Bitcoin sinks below $30,000; Hero MotoCorp to hike prices")
Bitcoin sinks below $30,000 for first time since late January
The world's largest cryptocurrency fell as much as 6.4% to $29,614, its lowest since Jan. 27
 "Bitcoin sinks below $30,000 for first time since late January")
Bitcoin nosedives as China expands crackdown on cryptocurrency mining
The price of bitcoin has nosedived after fresh reports emerged that China has expanded its crackdown on the mining of cryptocurrencies.
 "Bitcoin nosedives as China expands crackdown on cryptocurrency mining")
Bitcoin steadies in Asia trading after plunge over China crypto comment
Bitcoin stabilised in Asian trading a day after a statement from China's central bank reaffirming the crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low
 "Bitcoin steadies in Asia trading after plunge over China crypto comment")
Explainer: 'Death cross' chart formation adds more worry to bitcoin outlook
For technical analysts watching bitcoin, an important and potentially bearish chart formation just happened in the cryptocurrency: A "death cross"
 "Explainer: 'Death cross' chart formation adds more worry to bitcoin outlook")
Top headlines: Dow rises 500 pts; SBI to raise up to Rs 14,000 cr
Business Standard brings you top news of the day
 "Top headlines: Dow rises 500 pts; SBI to raise up to Rs 14,000 cr")
Struggling with poverty, will Bitcoin be El Salvador's passport to riches?
Without oversight of the president's decision to accept crypto, bad actors and illicit money flows are likely to prosper.
 "Struggling with poverty, will Bitcoin be El Salvador's passport to riches?")
Bitcoin is still being called a bubble after 35% crash in May: Survey
About 80% of fund managers surveyed by Bank of America Corp. called the market a bubble, up from 75% in May
Bitcoin climbs near $40,000 after Musk says Tesla could use it again
It was last up 0.5% at $39,189, straining to escape the relatively tight trading range of this month.
Bitcoin hits two-week high after Musk says Tesla could use it again
Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence
 "Bitcoin hits two-week high after Musk says Tesla could use it again")
Musk says Tesla will accept bitcoins when miners use more clean energy
Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy.
 "Musk says Tesla will accept bitcoins when miners use more clean energy")
Bitcoin price climbs as Basel panel proposes banking capital rules
The announcement from the Basel Committee on Banking Supervision is another sign that the world of traditional finance is responding to the rise of crypto assets
 "Bitcoin price climbs as Basel panel proposes banking capital rules")
Global regulator puts Bitcoin in highest risk category in bank capital plan
Basel Committee on Banking Supervision says the banking industry faces increased risks from cryptoassets because of the potential for money laundering, wild swings in prices
Global bank regulators plot toughest capital regulation for bitcoin
Bitcoin and other cryptocurrencies are currently worth around $1.6 trillion globally
Crypto outlook: JPMorgan sees signal of coming bear market in Bitcoin
Traders are waiting for the next catalyst to break Bitcoin from a $30,000 to $40,000 range that's been in place since a collapse from a record of almost $65,000 in April.
El Salvador becomes first country to adopt Bitcoin as legal tender
The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.
 "El Salvador becomes first country to adopt Bitcoin as legal tender")
Bitcoin falls below $32K after Colonial Pipeline's ransom recovery
The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month
 "Bitcoin falls below $32K after Colonial Pipeline's ransom recovery")
Bitcoin's fizzling 2021 returns start to lag mainstream assets: Here's why
The largest token tumbled almost 6% at one point in Asian trading Tuesday
Bitcoin weekly outflows reach $141 mn; hit record high: CoinShares data
For the year so far, bitcoin still showed net inflows of $4.2 billion
 "Bitcoin weekly outflows reach $141 mn; hit record high: CoinShares data")
Gold will surge to fresh highs but bitcoin better for $7.5 bn hedge fund
Wall Street banks divided on the relative merits of the pair: Citigroup sees gold 'losing luster' to cryptocurrencies, while Goldman Sachs believes the two assets can coexist.
 "Gold will surge to fresh highs but bitcoin better for $7.5 bn hedge fund")
