May 17, 2021 06:53 PM IST

Bitcoin hits 3-month low and then rallies on Elon Musk tweets

Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin.

WazirX announces compensation for users who lost money amid 'Doge killer' trading frenzy

Nischal Shetty, Founder and CEO of WazirX India, took to Twitter to announce the WRX Airdrop program for those "who bought SHIB at an exceptionally-high price and did not sell"

Security researchers identify more than 150 fake crypto and banking apps

These apps are designed to steal the victim's financial information

Is it over between Tesla and bitcoin? Cryptocurrency drops 8% after Musk's tweets spark rumours of complete sell-off

Following the tweet, bitcoin prices fell sharply to $44,000, their lowest levels since February 2021.

Bitcoin rises 5.6% to $49,337.72

Bitcoin, the world's biggest and best-known cryptocurrency is up 77.9 percent from the year's low of $27,734 on January 4, and down 24 percent from the year's high of $64,895.22 hit on April 14.

Explained | India's crypto covid relief fund: What is it and how it works?

The relief fund currently accepts donations in the form of cryptocurrencies which include Ethereum, Ripple, Litecoin, Solana, Tezos, Cosmos, Dogecoin, etc. Co-founder of Polygon Sandeep Nailwal even mentioned their addresses via a tweet series.

Dogecoin prices spike again as Elon Musk keeps tweeting

Following Musk's tweets, Dogecoin’s value jumped by as much as 18 percent, with its market cap spiked by $10 billion. Compared to a day earlier, Dogecoin’s value is still coasting about 11 percent higher.

Everything you need to know about Bitcoin and its impact on the environment

There are vocal critics on both sides that make some solid arguments

He's a Dogecoin millionaire. And he's not selling.

In February, after reading a Reddit thread about Dogecoin’s potential, Glauber Contessoto decided to go all in.

Elon Musk says he believes in cryptocurrencies, but reiterates environmental concerns

"To be clear, I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal," Elon Musk tweeted on May 13.

WazirX lists popular Dogecoin knockoff Shiba Inu coin as meme coin frenzy catches on

Shiba Inu coin or SHIB, the self-proclaimed "dogecoin killer", was created in August 2020 by somoene who uses the name Ryoshi.

Explained | What are NFTs and why experts see them as future of art

What has captured the fantasy of prominent figures around the world, from Twitter founder Jack Dorsey to artist Grimes is the promise of permanence, originality, ownership, singularity and uniqueness attached with these NFTs.

How Bitcoin marched towards the mainstream

Here are some of the steps that have pushed the world's largest cryptocurrency closer to the mainstream this year.

Tesla's U-turn on Bitcoin payments sparks $365 billion sell-off in crypto market

We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel, Musk said.

Ethereum creator Vitalik Buterin donates $1.5 billion in cryptocurrency to India COVID Relief Fund & other charities

Buterin, who recently became the world’s youngest crypto billionaire at the age of 27, donated 500 ETH and over 50 trillion Shiba Inu, a meme coin, worth around $1.14 billion at the time of the transaction, to India COVID-Crypto Relief Fund, set up by Indian tech entrepreneur Sandeep Nailwal.

Tesla stock & bitcoin drop as Musk reverses course on accepting crypto for vehicles over climate concerns

Musk said Tesla would not sell any bitcoin and intends to use bitcoin for transactions as soon as mining transitions to more sustainable energy.

Another pump-and-dump? Dogecoin slumps nearly 40% in a torrid 3-day fall

Since the advent of the parody cryptocurrency in 2013, it has witnessed various bouts of pump-and-dump, a scheme to boost prices of a security based on false, misleading, or greatly exaggerated statements. And this time it seems no different.

Goldman Sachs MD quits after making millions from Dogecoin: Report

SpaceX and Tesla chief Elon Musk's favourite cryptocurrency Dogecoin has gone up more than 130 times this year.

Meme-fest on Facebook as Mark Zuckerberg shares pic of pet goat named ‘Bitcoin’

Top comments under the post joked about the possibility of Zuckerberg “selling 1 Bitcoin”, while others began commenting on the value of Bitcoin at the time of the tech mogul’s post.

Investors confident of fundamental strength as Ether crosses $4,000 for first time

As scrutiny of cryptocurrency grows, the industry turns to K Street

Ripple is just one of a long list of cryptocurrency companies scrambling for influence in Washington

Second-biggest cryptocurrency Ethereum breaks $4,000 to hit record high

Ethereum, the second-largest coin by market capitalisation, jumped more than 6 percent to just below $4,175, and was last up around 2 percent.

Ether bursts past $4,000; other cryptos firm

Ether, traded using the ethereum blockchain, has soared almost 450% in 2021. It last bought $4,038 on the Binance exchange.

Twitter annoyed with WazirX over payment snag; 'Your funds are safe' says exchange

In response, WazirX said that the delay in accepting funds was due to a "network issue at our banking partner's end," adding that the money that was debited from traders' accounts would be credited back ASAP. "Your funds are safe," assured the exchange.

Dogecoin plummets 23% after Elon Musk jokes about gifting it to mother Maye on Saturday Night Live

Dogecoin is trading at $0.55, according to Coindesk. The price is down 23% on a 24-hour basis.