Yesterday
Elon Musk is considering greener bitcoin alternatives. Here are five.
‘With over 9500 other cryptocurrencies available, Elon Musk has a plethora of options from which to choose,’ says retail crypto exchange Dacxi.
- Harry Robertson
Bitcoin falls below $US48,000 as Musk calls energy use ‘insane’
Elon Musk’s reversal on the cryptocurrency triggered a rush to the exit for some but not the truest of believers in bitcoin.
- Yakob Peterseil and Vildana Hajric
This Month
Tesla suspending bitcoin purchases, citing energy use
Tesla is suspending acceptance of bitcoin to buy one of its electric vehicles with Elon Musk citing the environmental cost related to mining the cryptocurrency.
- Dana Hull
- Opinion
- Cryptocurrencies
Don’t be fooled by Tesla accepting dogecoin
Elon Musk’s favourite cryptocurrency gives the lie to the idea that we should take bitcoin and others like it terribly seriously.
- Updated
- Jemima Kelly
Mark Zuckerberg names his goat ‘Bitcoin’, sparking speculation
After the Facebook CEO shared a picture of his goats, Bitcoin and Max, many crypto fans took it as an endorsement, but others may see it as more sinister.
- Sophie Kiderlin
Thiel-backed Block.one injects billions in crypto exchange
The new exchange, which will be known as Bullish, is is being capitalised by Block.one with about $12.8 billion in digital assets and cash.
- Eyk Henning
Dogecoin goes to the moon and back after Musk’s ‘hustle’ call
The rebound came on the heels of an announcement that SpaceX, Musk’s commercial rocket company, will launch a mission to the Moon in 2022 with a mini satellite used for space research.
- Anders Melin and Joanna Ossinger
Dogecoin plunges after Elon Musk appears on SNL
Dogecoin declined during Elon Musk’s appearance on Saturday Night Live, where the billionaire jokingly called the digital asset a ‘hustle’.
- Joanna Ossinger
- Opinion
- Cryptocurrencies
No green revolution in bitcoin mining
Bitcoin’s high energy consumption, like its wild price swings, will continue to provide fuel for detractors.
- The Lex Column
Is the $US79 billion Dogecoin joke wearing thin?
The Dogecoin frenzy is reaching fever pitch, cryptocurrency purists fear it’s a distraction from their grand project of using blockchain to revolutionise finance.
- Justina Lee
Fragile Aussie dollar tumbles on China’s escalation
The Australian dollar tumbled rapidly on the back of news many believed did little to worsen the already deteriorating relationship between Beijing and Canberra.
- William McInnes
Bitcoin miner Iris is said to weigh Australia’s first SPAC deal
The Sydney-based company, which is being pursued by several special purpose acquisition companies, could raise near $650 million as part of a US listing deal.
- Harry Brumpton
Coinbase backer parlays ‘fantasy’ bet into billions
Fred Wilson turned a $3.2 million investment in Coinbase in 2013 into $U6 billion by the end of the cryptocurrency exchange’s first trading day.
- Jackie Davalos
US dollar rises most in two months on short-covering, data rebound
The Bloomberg Dollar Spot index climbed as much as 0.7 per cent; the Australian dollar fell by a similar percentage.
- Susanne Barton
April
Commodity rally fuels Australian dollar’s path back to US80¢
Near record iron ore and copper prices pushed the Australian dollar above US78¢ but the currency is still underperforming based on where commodity prices are trading.
- William McInnes
A growing number of Australians are using their super to trade crypto
Those keen to gain exposure to digital assets have been forced to switch to self-managed superannuation funds – and the strategy is paying off well for some.
- Jack Derwin
Bitcoin breaches $US50,000 threshold with technicals back in focus
Wall Street analysts warn of further losses for the notoriously volatile currency that hit a record high of $US64,870 on April 14.
- Vildana Hajric and Joanna Ossinger
Trader flees Turkey with $2b in crypto scam
One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing their savings have evaporated.
- Taylan Bilgic and Firat Kozok
- Analysis
- Cryptocurrencies
The dogecoin bubble may not be as irrational as it looks
The joke currency is able to exploit the group psychology of the internet in ways that other investments cannot.
- Will Dunn
Dogecoin rips in meme-fuelled frenzy on pot-smoking holiday
The cryptocurrency has been boosted by the #DogeDay hashtag on April 20, or 4/20 – slang for cannabis – and at $US51 billion is now worth more than Ford.
- Joanna Ossinger
