Cryptocurrency analysts say at least $13.7m (£10.2m) has so far been donated to the Ukrainian war effort through anonymous Bitcoin donations. Researchers at Elliptic, a blockchain analysis company, say the Ukrainian government, NGOs and volunteer groups have raised the money by advertising their Bitcoin wallet addresses online. More than 4,000 donations have been made so […]
Bitcoin has become less green since China cracked down on mining the cryptocurrency, new research suggests. Mining refers to the process of creating new bitcoins using banks of powerful computers. The share of renewable energy powering mining fell from 41.6% in 2020 to 25.1% last August as miners stopped using Chinese hydro and moved to […]
Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets. On Tuesday, bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world’s most valuable cryptocurrency fell below […]
Stolen Bitcoin worth more than $5bn (£3.7bn) has been seized by the US Department of Justice – the largest ever confiscation of its kind. Officials also arrested and charged two people on Tuesday with attempting to launder the money, which amounts to nearly 120,000 Bitcoin. The funds, stolen by a hacker who breached a cryptocurrency […]