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Bitcoin news LIVE – Elon Musk raises dogecoin price as UK bank declares WAR on crytpocurrency

DUBAICOIN saw its value shoot up 1,000 per cent in just 24 hours despite the price of other cryptocurrencies continuing to fall.The city's government

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Bitcoin price news LIVE – UK bank blocks crypto exchange payments as Dubaicoin rises 1000% & Elon Musk backs dogecoin

BITCOIN BAN Bitcoin price news LIVE – UK bank blocks crypto exchange payments as Dubaicoin rises 1000% & Elon Musk backs dogecoin Debbie White Updated: 16:58, 30 May 2021 DUBAICOIN saw its value shoot up 1,000 per cent in just 24 hours despite the price of other cryptocurrencies continuing to fall. The city s government has denied any official link, with the authority even claiming it is part of an elaborate scam . A statement tweeted by the media office of Dubai s government said: Dubai Coin cryptocurrency was never approved by any official authority. The website promoting the coin is an elaborate phishing campaign that is designed to steal personal information from its visitors.

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After Inner Mongolia Bitcoin Ban, Sichuan Mulls Mining Shutdown

SIXTH TONE SIXTH TONE Will the province, rich in hydropower, change its welcoming stance toward cryptocurrencies? In what cryptocurrency insiders think could be the next step in China’s intensifying crackdown on virtual currencies like Bitcoin, energy regulators in the southwestern Sichuan province have called a meeting to discuss policies for cryptocurrencies, including the possible effects of enforcing a shutdown, according to a notice seen by Sixth Tone on Thursday. The move follows a May 21 announcement by a central government financial regulatory body that for the first time targeted cryptocurrency mining, the energy-intensive computer process that verifies transactions. Worried over virtual currencies’ effects on the financial system, Beijing had already restricted trading in China.

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La police britannique confond une mine de bitcoin avec une ferme de cannabis

La police britannique confond une mine de bitcoin avec une ferme de cannabis
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Bitcoin Mining Council to report green energy usage

news Bitcoin Mining Council to report green energy usage © Getty Images A new Bitcoin Mining Council has been created to improve the crypto-currency s sustainability, following a meeting of leading Bitcoin miners and Elon Musk. The Tesla CEO tweeted the development was potentially promising . It s hoped the council will promote energy usage transparency and encourage miners to use renewable sources. The process of creating Bitcoin consumes large amounts of electricity. Its value fell earlier this month after Tesla withdrew its support of the crypto-currency, citing environmental concerns. Bitcoin operates on the blockchain, a digital ledger of transactions. Miners audit Bitcoin transactions in exchange for an opportunity to acquire the digital currency.

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