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China’s Inner Mongolia will end all cryptocurrency mining projects and stop reviewing new projects in industries which consume large amounts of energy, such as steel, coke and methanol production, as it attempts to meet energy efficiency targets. The Autonomous Zone, the industry’s choice for its cheap electricity, also banned new...
Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6 per cent on Monday, wiping US$15.2 billion from his net worth.
Bitcoin surged to another record on Saturday after reaching more than $1 trillion in market value for the first time, leaving some of its biggest backers in a state of wonderment. He was replying to a tweet by Peter Schiff – a cryptocurrency skeptic and noted gold bug – who...
After noting that bitcoin, not gold, could be the next big market stimulus, a long-time gold bull and famed trader Jeffrey Gundlach had his head turned by cryptoassets. Jeffrey Gundlach: “I am a long term dollar bear and gold bull but have been neutral on both for over six months....
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time.
The COVID-19 pandemic has added urgency to the Bank of Canada’s development of a digital currency and decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a “foregone conclusion.”  According to Tim Lane, deputy governor of Canada’s central...
The obsession of Elon Musk with cryptography has now been brought to its logical conclusion. As disconcerting as it is unavoidable, it is.