The huge amount of electricity needed to mine cryptocurrencies will likely exclude them from investors that need to comply with ESG guidelines DUBAI: Bitcoin mining uses as much electricity as the entire UAE, S&P estimates. The huge amount of electricity needed to mine...

Ether dropped 6.26% to $2,262.06 on Saturday Bitcoin dipped 5.16% to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close. Ether, the coin linked to the ethereum blockchain network, dropped 6.26% to $2,262.06 on Saturday, losing $151.11 from its previous...

Losing $6,675.9 from its previous close Bitcoin, the world's biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record...

Nearly a third of them think cryptocurrency is most crowded trade Cryptocurrency fans may argue that bitcoin is a hot investment option now, but most professional investors think otherwise, according to a new Bank of America (BofA) survey. Among those polled in the latest BofA...

Elon Musk's company announced the purchase of $1.5 billion worth of bitcoins, after which the cryptocurrency began to grow sharply. Despite the fall of the cryptocurrency in January, bitcoin for the first time reached the value mark of $44 thousand — this is a record figure in...

After falling in the middle of the week, bitcoin (BTC) suddenly began to rise in price today. Moreover, the exchange rate on Friday, January 29, is strengthening at an aggressive pace. The coin soared to $37,400 at the time of publication of this review. The capitalization of the MTC...

Digital assets can generate value to investors, traders and the stakeholders Until a few years ago, trading of like Bitcoin in the Arabian Gulf was little more than hype. Indeed, because of the global uncertainty associated with cryptocurrencies, few traders were interested in talking...

Generation Z can be expected to go for bitcoin and other digital currencies Bitcoin continues its upward spiral and investors are now choosing between gold and bitcoin as an option to hedge their risk in safe-haven asset. Currently the virtual currency is quoted around $10,629 and...

Chief judge of the district court of the district of Columbia beryl Howell said that bitcoin is a form of money and is subject to money laundering legislation. The ruling allowed the court not to drop charges against Coin Ninja CEO Larry den Harmon, who was arrested in February. He is...

The technology is currently playing a pivotal role in supply chain, fintech, edutech and heathcare Blockchain technology is poised to shape the UAE's future as the nation adopts its digital economy agenda. Businesses have realised that the only option to remain competitive is to...