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Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from bitcoin mining for particular criticism.
BITCOIN and other major cryptocurrencies slumped after the People’s Bank of China reiterated that digital tokens can’t be used as a form of payment.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (May 18)
LONDON (Reuters) - Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading - but few of the investors fuelling their rise seem bothered.
Tesla boss Elon Musk has slipped in the ranking of the very wealthy and is now in third place in the Bloomberg Billionaires List, which was published on May 17.
Bitcoin is definitely on the ropes these days. The price is well off its highs. Elon Musk has been trashing it.
BERKELEY, Calif. (Reuters) - A California regulator said on Monday it is reviewing whether Tesla Inc violated regulations by falsely promoting its advanced driver-assistance systems as being "full self-driving."
NEW YORK: Stock indexes edged lower globally on Monday, with technology shares weighing the most on the benchmark U.S. S&P 500 index, while gold prices hit their highest in more than three months as investors sought safety.
NEW YORK (Reuters) - Bitcoin hit record outflows last week, as investors diversified into cryptocurrency assets with new developments in their specific network such as ethereum, data from digital currency manager CoinShares showed on Monday.