The crash of Bitcoin prices has been a bane for cryptocurrency miners across India. Cryptocurrency miners in India are facing losses due to the rapid downfall of Bitcoin (BTC) value and Ethereum shifting from Proof of Work (POW) to Proof of Stake (POS). Some of the miners are losing up to 50 percent of their investments. […]
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Business benchmark indexes Sensex and Nifty had minor gains from Monday, May 3, 2021, till Thursday, May 25, 2021. Delhi: While Bombay Stock Exchange (BSE) Sensex closed at 51,115.22 points, with a gain of 97.70 points, the National Stock Exchange (NSE) Nifty went up to 15,337.85 points by 36.40 points on Tuesday. Over the past […]
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The rise in demand for cryptocurrencies, particularly Bitcoin (BTC), has led to an unprecedented increase in consumption of energy. Bengaluru: A single Bitcoin (BTC) transaction now needs roughly five times the energy required to complete 100,000 VISA (debit/credit card) transactions. According to a new report by digiconomist, it takes 821 kWH of energy to complete […]
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Hackers are infecting devices with crypto-malware to steal computing power. By Sharathkumar Nair Bengaluru, April 8, 2019 The world has been gripped by a new wave of cryptocurrency revolution. The advent of Bitcoin in 2009 has created new ways for people to do transactions globally. Bitcoins were primarily created as an alternative to the traditional […]
Continue ReadingIn the post 2017 Bitcoin boom world, the Indian cryptocurrency economy continues to remain a risky territory as local wallet providers face RBfI raids, bank account freezes, and security lapses. Bangalore, January 23, 2018: “Want to buy a bitcoin? It might be easier than buying a pizza,” a city-based Bitcoin wallet provider said at a recent […]
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