Tag: Virtual Currencies/Cryptocurrencies

Musk says Tesla sold about 10% of bitcoin to test market, and will ‘resume allowing crypto transactions’ when 50% of miners are green

Prices of the world’s No. 1 crypto on Sunday were trading sharply higher, as digital-asset bull Elon Musk said Tesla would resume allowing transactions at...

A ‘bloody crypto’ Memorial Day weekend? Some bitcoin bulls are dreading the long U.S. holiday break

Bullish investors in bitcoin aren’t all jazzed about the long U.S. Memorial Day holiday weekend ahead. The sun, the fresh air, barbecues, the first major...

Bitcoin Mining Operation Is Uncovered During U.K. Drug Bust

British police got a shock when they raided a suspected illegal cannabis farm this week: Instead of halogen lamps and weed, they found about 100...

Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million...

Nvidia sales hit records again amid chip shortage, and earnings outlook suggests more to come

Nvidia Corp. broke several quarterly sales records and forecast revenue growth as much as $1 billion above Wall Street estimates for the current quarter Wednesday,...

Bitcoin no longer ‘fringe asset’ — stock-market volatility rises after crypto’s ‘extreme’ moves, study says

Like it or not, stock-market traders need to keep an eye on bitcoin prices or risk getting whipsawed when the popular but volatile digital asset...

Crypto investor-protection talk heats up but lawmakers hope to allow buyers to ‘dogecoin to their heart’s content’

A bout of volatility in the past month in the crypto market has helped to reignite a push for increased scrutiny of the nascent digital-asset...

Amid bitcoin and dogecoin chaos, college students and graduates insist they’re going long on crypto

It’s not just Tesla CEO TSLA, -1.01% Elon Musk — the crypto correction is causing unease among college students and recent graduates. But if you’ve...

Weekend reads: What exactly is going on with big tech stocks?

After many years during which the most familiar technology companies pulled the entire stock market up with them, 2021 is turning out to be a...

What the dogecoin army is saying as the cryptocurrency’s 30% tumble triggers a bearish break in the long-term trend line

A major tumble in dogecoin prices has one of the most popular meme assets in the doghouse with investors on Mother’s Day — at least...

Dogecoin nears 75 cents, then slips as crypto pioneer Silbert seen betting against parody coin ahead of Elon Musk’s ‘SNL’ guest-host gig

Call it the “dogefather” versus the godfather of crypto. Barry Silbert, a power player in the digital-asset sector, said he’s betting against dogecoin DOGEUSD, -7.59%...

My employer paid me in crypto. It rose 700% in value. Now he wants employees to return the crypto and accept dollars

I did some business development work for a tech company on a contract basis. The CEO stated that I would be paid in crypto when...

Charlie Munger says bitcoin’s rise ‘disgusting and contrary to interests of civilization’

It seems safe to say that Berkshire Hathaway Inc. Vice Chairman Charlie Munger’s cryptocurrency skepticism hasn’t been softened by the rally in prices for bitcoin...

Tesla’s first-quarter sales rise more than 70%, but stock slips

Tesla Inc. stock fell nearly 2% late Monday after the Silicon Valley electric-car maker reported mixed first-quarter earnings, with sales slightly below the mark and...

Dogecoin army’s campaign to drive crypto to $1 was a bust — so why are the bulls feeling vindicated?

It was a dollar or bust for the dogecoin community on Wednesday — and now it seems that dogecoin fanatics have been left with only...

Bitcoin suffers biggest weekly loss since March 2020

The price of bitcoin temporarily dropped below the psychologically important $50,000 level on Friday, putting the digital asset on track for its worst weekly performance...

Coinbase CEO Brian Armstrong raised more than $290 million with share sales, and Fred Ehrsam raised nearly $112 million

Coinbase Global Inc. co-Founders Brian Armstrong and Fred Ehrsam, as well as other insiders, raked in a whole lot of fiat money when the cryptocurrency...

NBA star Kevin Durant invested in Coinbase in 2017 — his stake is now worth 53 times what it was worth then

Cryptocurrency platform Coinbase Global Inc. COIN, +5.96% became the most valuable U.S. financial exchange on Wednesday as it ended the day trading at $328.28, valuing...

Coinbase rival Binance’s coin and Dogecoin are surging ahead of pivotal IPO… Here’s why

Crypto prices were surging on Wednesday as investors watched for the U.S. hotly anticipated debut of Coinbase Global COIN, later in the session. Popular crypto...

Powell says ‘it will be a while’ before Fed taps the brakes on economy

Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t...

‘You can’t ignore’ bitcoin anymore, warns Morgan Creek’s Mark Yusko

A time may be coming when ignoring bitcoin will be seen as irresponsible. “We really believe that we’ll look back five years from now, and...

Americans ready to pour $40 billion into bitcoin and the stock market as stimulus checks arrive: survey

Another round of stimulus checks could provide a shot in the arm for stocks and, especially, bitcoin, according to a survey released Monday by Mizuho...

Bitcoin may replace bonds, Cathie Wood says

Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last...