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LONDON/SINGAPORE (Reuters) -Bitcoin was heading on Friday for its worst week since February, while dogecoin leapt by a q...
15/05/2021

LONDON/SINGAPORE (Reuters) -Bitcoin was heading on Friday for its worst week since February, while dogecoin leapt by a quarter, as the latest tweets on cryptocurrencies from Tesla (NASDAQ:TSLA) boss Elon Musk sent the digital coins on a wild ride.

Bitcoin is down about 13% this week, and was last up 1.6% at $50,503. It has slumped over a fifth from its record of just under $65,000 hit last month.

Cryptocurrency markets have gyrated to Musk tweets for months, with his comments on dogecoin - a token started as a joke that has scant practical use - fuelling a hundred-fold rally this year.

Musk knocked bitcoin this week after tweeting that Tesla would stop accepting it for payment owing to environmental concerns.

"Toppy markets (are) looking for an excuse to breathe," said Ben Sebley of crypto firm BCB Group. "Long money doesn't care about Elon's tweets. Fast money trades around that stuff now."

NEW YORK (Reuters) - U.S.-based Framework Ventures, the largest venture capital fund investing in blockchain-based decen...
15/05/2021

NEW YORK (Reuters) - U.S.-based Framework Ventures, the largest venture capital fund investing in blockchain-based decentralized finance, said on Friday it raised $100 million for its second fund, with participation from big U.S. institutional investors.

The company said it has been the largest liquidity provider for some of the top so-called "DeFi" projects that facilitate crypto-denominated lending outside traditional banking. These include Curve, an exchange for stablecoin trading, and decentralized exchange Uniswap.

The second fund's anchor investor was Accolade Partners, a U.S venture capital and growth equity investment firm, while Hall Capital, one of the largest U.S. registered investment advisors with about $42 billion in assets under management, also participated, Vance Spencer, Framework Ventures' co-founder told Reuters in an interview.

Greenidge Generation Holdings Inc said on Friday it will operate an entirely carbon-neutral bitcoin mining operation at ...
15/05/2021

Greenidge Generation Holdings Inc said on Friday it will operate an entirely carbon-neutral bitcoin mining operation at its upstate New York facility starting on June 1.

The company said it will purchase voluntary carbon offsets from a portfolio of U.S. greenhouse gas reduction projects. The company converted its power generation operations from coal to natural gas in 2017.

Bitcoin is the best-known cryptocurrency. It hit a high above $65,000 in mid-April and now trades at around $51,000. It requires extensive energy to produce the coins, however, as many miners are seeking less carbon-intense ways to produce the currency.

So-called mining is the process by which new bitcoins are placed in circulation. It involves using sophisticated computers that solve intricate, complex computational math problems.

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