Articles about Bitcoin

Bitcoin is a type of cryptocurrency that operates without an authority resembling a central bank for conventional currency. This digital currency operates on a peer-to-peer network without the need for any intermediaries, currency-issuing authorities, or governing bodies. This unique self-sufficient system was invented in 2008 by an unknown entity operating under the name of Satoshi Nakamoto. The currency was first used in 2009 where its implementation was released as open-source software. Today, bitcoin is one of the most highly valued cryptocurrencies trading under the code BTC. Today, over 18,660,000 bitcoin are in circulation, each of which is valued at approximately 46,357 USD as of August 2021. Bitcoin is created or "mined" by solving complicated hash calculations using supercomputers or an array of ordinary consumer-grade computing hardware known as a mining rig. Since the total supply of bitcoin is limited to 21,000,000 tokens, the complexity of the hash calculations increases exponentially, having a similar effect on the value of the cryptocurrency. However, bitcoin has been criticized for facilitating illegal transactions, price volatility, thefts from exchanges, and the large carbon footprint of mining rigs, since they run on electricity.

Narendra Modi's Twitter account 'briefly compromised,' shares cryptocurrency scam link

12 Dec 2021

Politics
Narendra Modi's Twitter account 'briefly compromised,' shares cryptocurrency scam link

PM Narendra Modi's personal Twitter account was "briefly compromised" in the early hours of Sunday.

No proposal to recognize Bitcoin: Finance Ministry tells Parliament

29 Nov 2021

Business
No proposal to recognize Bitcoin: Finance Ministry tells Parliament

The Centre said Monday that it has no proposal to recognize Bitcoin as a currency in the country.

How President Bukele wants to make 'Bitcoin City' a reality

25 Nov 2021

Technology
How President Bukele wants to make 'Bitcoin City' a reality

El Salvador is the only country that has recognized Bitcoin as legal tender. Now, the country has unveiled an ambitious plan to build an entire city around cryptocurrency.

Crypto prices fall as India announces bill banning private cryptocurrencies

24 Nov 2021

Technology
Crypto prices fall as India announces bill banning private cryptocurrencies

Prices of nearly all cryptocurrencies plummeted by 15% or more just hours after the Indian government announced that it will introduce a cryptocurrency bill in the Parliament's winter session.

Cryptocurrency in wrong hands can spoil youth, says PM Modi

18 Nov 2021

India
Cryptocurrency in wrong hands can spoil youth, says PM Modi

Prime Minister Narendra Modi on Thursday urged all democratic nations to work together in ensuring that cryptocurrency "does not end up in the wrong hands."

Karnataka: Why Siddaramaiah wants protection for accused Bitcoin hacker

16 Nov 2021

Politics
Karnataka: Why Siddaramaiah wants protection for accused Bitcoin hacker

Congress' Leader of Opposition in Karnataka Siddaramaiah on Monday asked Chief Minister Basavaraj Bommai to provide protection to Sri Krishna or SriKi, the key accused in a Rs. 46 crore Bitcoin scam.

Here's what the Bitcoin Taproot upgrade changes for its stakeholders

15 Nov 2021

Technology
Here's what the Bitcoin Taproot upgrade changes for its stakeholders

One of the world's most renowned cryptocurrencies, Bitcoin, has received its first upgrade in four years after the shareholders arrived at a consensus to proceed with it.

Using dating apps on iPhone? Crypto-scammers could hack your device!

20 Oct 2021

Technology
Using dating apps on iPhone? Crypto-scammers could hack your device!

Leading cybersecurity firm Sophos has recently published a report that highlighted how a cryptocurrency trading scam targeting iPhone users is now bigger than ever.

This company just purchased an entire power-plant for cryptocurrency mining

28 Sep 2021

Technology
This company just purchased an entire power-plant for cryptocurrency mining

Digital cryptocurrency mining is proving to be just as toxic for mother nature as mining of natural resources is. Worryingly, several entities don't see the bigger picture and continue to mine relentlessly, converting our ecology into virtual resources with limited applicability.

Three reasons why you must take cryptocurrency seriously

24 Sep 2021

Business
Three reasons why you must take cryptocurrency seriously

Imagine the year is 2035. You and your friends have planned a vacation to the planet Mars. And you are asked to pay for your space shuttle in Bitcoin or let's say meme-inspired Dogecoin (as proposed by Elon Musk!). How cool does it sound?

El Salvador declares Bitcoin legal tender: What changes now?

07 Sep 2021

Business
El Salvador declares Bitcoin legal tender: What changes now?

It's been 12 years since an anonymous group introduced the world to Bitcoin.

Musk establishes Bitcoin Mining Council with leading North American miners

30 May 2021

Business
Musk establishes Bitcoin Mining Council with leading North American miners

Elon Musk held a meeting with "leading Bitcoin miners in North America" recently. The discussion aimed "to promote energy usage transparency [and] accelerate sustainability initiatives worldwide."

NewsBytes Briefing: Microsoft tries hiding Windows 10X's demise, and more

20 May 2021

Technology
NewsBytes Briefing: Microsoft tries hiding Windows 10X's demise, and more

In the deluge of Google I/O announcements, news of Microsoft killing Windows 10X has slipped through the cracks. But we have taken it upon ourselves to bring this tragic development to light.

Tesla stops accepting Bitcoin as it is not environment-friendly

13 May 2021

Technology
Tesla stops accepting Bitcoin as it is not environment-friendly

Tesla CEO Elon Musk has been a vocal promoter of cryptocurrency and electric mobility. Late in March, Tesla announced that it would accept Bitcoin as payment for its cars.

Here is what made DogeCoin's price touch 60 cents

05 May 2021

Business
Here is what made DogeCoin's price touch 60 cents

DogeCoin, a penny stock equivalent of the cryptocurrency world, was valued in excess of 60 cents a token briefly on May 4.

A Cricketer's Guide to Crypto Investing

10 Apr 2021

Business
A Cricketer's Guide to Crypto Investing

Cricket is a sport that does a better job of bringing all Indians together than any religion in the world. While the IPL league offers us so much entertainment, we thought it would be more interesting to explain crypto in the language of cricket.

#NewsBytesExplainer: How the Blockchain technology is shaping the future

17 Mar 2021

Technology
#NewsBytesExplainer: How the Blockchain technology is shaping the future

The term "blockchain" is thrown around with cryptocurrency and Bitcoin quite often. Blockchain is a type of database, which is essentially an organized collection of information that can be accessed and manipulated simultaneously by multiple users.

Apple Pay users can now make purchases using Bitcoin

14 Feb 2021

Technology
Apple Pay users can now make purchases using Bitcoin

It looks like there's no stopping Bitcoin from going mainstream. Everyone's favorite cryptocurrency is now coming to Apple Pay.

NewsBytes Briefing: After Apple, Microsoft goes after Google, and more

12 Feb 2021

Technology
NewsBytes Briefing: After Apple, Microsoft goes after Google, and more

If you can't beat someone fair and square, get the government involved. After almost snatching away Australia from under Google's nose, Microsoft is lobbying the US government to adopt the same Australian media rules that Google and Facebook hate.

NewsBytes Briefing: Elon's trying to tell us something, and more

08 Feb 2021

Technology
NewsBytes Briefing: Elon's trying to tell us something, and more

The US has printed more money last year than it did in two centuries since its founding. In a totally unrelated incident, the world's billionaires grew richer by $10.5 trillion.

Bitcoin surges past $44,000 after Tesla invests about $1.5 billion

08 Feb 2021

Business
Bitcoin surges past $44,000 after Tesla invests about $1.5 billion

Elon Musk is out ruffling feathers yet again. Bitcoin hit record levels surpassing $44,000 after Tesla invested a massive $1.5 billion in the cryptocurrency.

Police seize $60 million-worth Bitcoins, but need password to access

08 Feb 2021

World
Police seize $60 million-worth Bitcoins, but need password to access

German prosecutors have seized over 1,700 Bitcoins worth $60 million from a thief who is currently imprisoned for the crime of covertly installing cryptocurrency mining software on other computers.

Elon Musk has 'happy monkey' with brain wired for videogaming

01 Feb 2021

Technology
Elon Musk has 'happy monkey' with brain wired for videogaming

In a revelation that's not going to sit well with PETA and company, Elon Musk claimed that he has a monkey playing video games with wires hooked up to its head.

Government attempts to ban Bitcoin again; Considers digitizing the rupee

30 Jan 2021

Business
Government attempts to ban Bitcoin again; Considers digitizing the rupee

After leaving Indians with no choice but to embrace digital transactions, the government is poised to ban cryptocurrencies.

Programmer has two guesses left to unlock $240mn-worth Bitcoin fortune

13 Jan 2021

Technology
Programmer has two guesses left to unlock $240mn-worth Bitcoin fortune

Stefan Thomas, a San Francisco-based programmer, has only two guesses left to figure out a password that will let him gain access to his fortune of $240mn in Bitcoin.

Bitcoin breaks through $20,000 to reach all-time high

17 Dec 2020

Business
Bitcoin breaks through $20,000 to reach all-time high

Bitcoin on Wednesday broke through $20,000 for the first time ever following a sustained powerful rally for the world's largest and most well-known cryptocurrency.

CarryMinati's YouTube channel hacked, hackers asked for Bitcoin donations

25 Jul 2020

Entertainment
CarryMinati's YouTube channel hacked, hackers asked for Bitcoin donations

Just days after the notorious Twitter hack, wherein the micro-blogging accounts of some of the world's leaders were compromised, the YouTube channel of Indian social media celebrity CarryMinati has been hacked.

Apple co-founder Steve Wozniak sues YouTube: Here's why

23 Jul 2020

Business
Apple co-founder Steve Wozniak sues YouTube: Here's why

Steve Wozniak has filed a lawsuit against Google's YouTube.

Bitcoin goes through third 'halving': Here's what it means

12 May 2020

Business
Bitcoin goes through third 'halving': Here's what it means

For the third time in its 11-year history, Bitcoin has gone through a much-hyped event called 'halving'.

Hackers are using Zoom, Google Meet for phishing attacks

12 May 2020

Technology
Hackers are using Zoom, Google Meet for phishing attacks

The spread of COVID-19 has surged the global demand for video-conferencing services like Zoom and Google Meet.

This coronavirus app can lock you out of your phone

17 Mar 2020

Technology
This coronavirus app can lock you out of your phone

In the wake of increasing coronavirus infections around the world, more and more people are resorting to tracking the disease online.

If you use Google Adsense, this scam may hurt you

18 Feb 2020

Technology
If you use Google Adsense, this scam may hurt you

Google's AdSense network is used by millions of publishers and websites to show ads on their respective platforms - and to generate money.

Someone just stole $49 million from a crypto exchange

30 Nov 2019

Technology
Someone just stole $49 million from a crypto exchange

As cryptocurrencies - from Bitcoin to Monero - are unregulated and hard-to-trace, they make an ideal target for fraudsters, organized cartels, and crime groups.

Want to mine Bitcoins at home? Here's a step-by-step guide

17 Jul 2019

Technology
Want to mine Bitcoins at home? Here's a step-by-step guide

Over the years, cryptocurrency mining has evolved as a hot topic in the world of digital currencies.

Soon, buying Bitcoin, other cryptocurrencies could land you in jail

10 Jun 2019

Business
Soon, buying Bitcoin, other cryptocurrencies could land you in jail

India's stance towards cryptocurrencies like Bitcoin and Ethereum could soon get a whole lot stringent.

Now, you can transfer cryptocurrency through WhatsApp: Here's how

21 May 2019

Technology
Now, you can transfer cryptocurrency through WhatsApp: Here's how

Facebook is said to be working on its own cryptocurrency, a stablecoin, to enable payments on WhatsApp.

Apparently, hackers behind Microsoft outlook breach stole users' bitcoins

03 May 2019

Technology
Apparently, hackers behind Microsoft outlook breach stole users' bitcoins

A few weeks back, we reported about the breach of Microsoft's primary consumer email service, Outlook.

#TechBytes: 5 handy Chrome extensions for cryptocurrency investors

25 Mar 2019

Technology
#TechBytes: 5 handy Chrome extensions for cryptocurrency investors

From blocking out ads to upgrading Netflix, Google Chrome's web store has an extension for everything.

Now, you can auto-exchange cryptocurrencies: Here's how

10 Mar 2019

Technology
Now, you can auto-exchange cryptocurrencies: Here's how

In a major move, Revolut, a UK-based finance and payments app, has launched an 'auto-exchange' feature to prevent its users from volatile cryptocurrencies.

Want to mine Bitcoins at home? Here's a step-by-step guide

10 Feb 2019

Technology
Want to mine Bitcoins at home? Here's a step-by-step guide

Over the years, cryptocurrency mining has evolved as a hot topic in the world of digital currencies.