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Don’t miss the latest developments in business and finance.
Bitcoin miners are devouring electricity at record pace during crypto rally
Since February 2023, 13 of the top mining companies have placed orders for over $1 billion worth of specialized computers, according to data compiled by TheMinerMag based on public filings
Indian cryptocurrency exchanges hope for revival in Bitcoin rally
Indian cryptocurrency exchanges hope for a revival in sentiment as Bitcoin price is up nearly 50% in a month to over $66,000
Crypto wrap: Macro indicators improve, market stable despite Fed rate hike
On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400
Indian investors unsure after international crypto exchanges collapse
The collapse began earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens
Going green: How to ditch fossil fuels powering the bitcoin network
The amount of energy used by computers to solve the puzzles grows as more computers join the effort and puzzles are made more difficult
Bitcoin gains 7.8%, breaches $34,000-mark as rally extends into new year
The currency gained as much as 7.8 per cent to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore
Crypto miner Canaan eyes IPO; bets on China's push for chip industry
Hangzhou-based Canaan has seen a surge in demand for its mining machines amid a global boom in cryptocurrencies
