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Bitcoin crashes as Tesla suspends payments over climate concerns In a statement posted to Twitter overnight, the electric car maker's billionaire boss Elon Musk said that the firm was “concerned about rapidly increasing use of fossil fuels for Bitcoin mining transactions" The Bitcoin price tumbled by more than 10% on Thursday after Tesla Inc (NASDAQ:TSLA) boss Elon Musk said the electric car maker will stop accepting payments in the cryptocurrency amid concerns over its impact on global carbon emissions. In a statement posted to Twitter overnight, Musk said while the firm thought cryptocurr...

How the ICP token is trying to rebuild the internet Companies How the ICP token is trying to rebuild the internet The crypto token, created by the Swiss Dfinity Foundation, has emerged from relative obscurity to become the world's eighth most valuable digital currency with a market cap of just under £26bn A new cryptocurrency, the Internet Computer (ICP) token, has been making waves in the market this week after it appeared seemingly out of nowhere and landed on several notable crypto exchanges. Since its listing on its first exchange on Monday, ICP has surged in value, jumping around 54% to...

Crypto ETP sector expands as Bitcoin-linked fund begins trading in Frankfurt The new EPT, launched by German group Iconic Funds, is physically backed by Bitcoin and is aiming to “remove the technical complications of investing in and holding Bitcoin for investors in an industry-leading cost-effective manner” The growth of crypto-linked exchange-traded products (ETPs) took another step forward on Wednesday as a new Bitcoin ETP began trading on the  Deutsche Boerse’s XETRA market. The EPT, which is provided by German group Iconic Funds, is physically backed by Bitcoin and is aiming to �...

Another surge in the value of the meme-inspired crypto has left it with a combined market cap of around US$87bn

Argo Blockchain's mining revenues continue to rise The group said it had mined 163 Bitcoin or Bitcoin equivalent during the month, while its margins rose slightly to 85% Argo Blockchain PLC (LON:ARB) has reported higher revenues in April as the firm continued to mine Bitcoin and saw its margins widen slightly. In a monthly update, the crypto miner reported revenues of £6.7mln in April, up from £6.57mln in March, with an average monthly margin of around 85%. The group also reported that it had mined 163 Bitcoin or Bitcoin equivalent (BTC) over the month compared to 165 BTC in March. At the e...