Cryptocurrencies

“Cryptocurrencies tumble, with bitcoin falling 7% and ether down 8% in the last 24 hours”

“Bitcoin prices fell sharply on Thursday night, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 7% in the last 24 hours, and dropped as low as $38,287 in the same period, according… Continue Reading…

Cryptocurrencies

“Federal Reserve is taking the next step toward possibly launching a digital dollar”

“…The central bank is asking the public to provide feedback on the question over the next 120 days. And it said that in any event, it would only seek to create a digital currency with “clear support” from both the executive branch… Continue Reading…

Cryptocurrencies

“Dogecoin jumps 9% after Elon Musk says it can be used to buy Tesla merchandise”

“The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla began accepting the cryptocurrency as payment for some merchandise. Early Friday, Tesla CEO Elon Musk said on Twitter that the electric carmaker’s merchandise can be purchased with dogecoin… Dogecoin… Continue Reading…

Business, Cryptocurrencies

“Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights”

“…MoonPay, a relative newcomer, is taking the crypto mania in venture capital to new heights. The three-year-old fintech firm said Monday it has raised $555 million in its first-ever financing round. The investment, led by Tiger Global and Coatue, values… Continue Reading…

Cryptocurrencies

“Crypto world hits $3trn market cap as ether, bitcoin gain”

“The cryptocurrency market is now worth more than $3 trillion. As of 7:38 a.m. in London, the overall market cap of cryptocurrencies hit $3.01 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added… Continue Reading…

Cryptocurrencies

“Ethereum just hit an all-time high of above $4,400 after a recent upgrade. Here’s what to know”

“Altair, an important upgrade to the Ethereum network, went live on Wednesday. Following, the price of ether hit an all-time high of over $4,416 on Friday, according to CoinGecko. It’s currently trading at around $4,325 as of 9:32 a.m. EST on Friday…” https://www.cnbc.com/2021/10/28/what-to-know-about-ethereum-altair-upgrade-and-proof-of-stake.html For… Continue Reading…

Cryptocurrencies

“Bitcoin tops $60,000 for first time in six months as traders bet on ETF approval”

“Bitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund. The world’s biggest cryptocurrency surged as high as $60,314, notching its highest level since… Continue Reading…

Cryptocurrencies

“US Bank launches bitcoin custody service as institutions race to cater to crypto demand”

“…U.S. Bank, the fifth biggest retail bank in the nation, is expected to announce Tuesday that its cryptocurrency custody service is available to fund managers, CNBC has learned. The offering will help investment managers store private keys for bitcoin, bitcoin cash… Continue Reading…

Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

Cryptocurrencies

“Over 60 S.Korean crypto exchanges set to suspend services next week”

“More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. To continue operating, exchanges must register with the Financial… Continue Reading…