Posts filtered by tags: Bitcoin[x]


 

Bitcoin falls by 22%, $1 billion in cryptocurrencies liquidated

Crypto expert CALV!N from Purebase Studios says buying and holding will give newbies higher yields than tradingXavier Lorenzo/Getty Images Bitcoin prices dropped sharply Saturday, taking total losses to 22%. A broad crypto selloff also saw ether, the coin linked to the ethereum blockchain network, plunge more than 10%. The plunge follows a volatile week for financial markets. Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered ...
Tags: New York, News, Singapore, US, Trends, Markets, Bitcoin, Trading, SEC, Cryptocurrency, Bengaluru, Vidya Ranganathan, Justin, Megan Davies, Dogecoin, U S Securities and Exchange Commission SEC


Bitcoin plunges 22% with global market nerves on edge

Crypto expert CALV!N from Purebase Studios says buying and holding will give newbies higher yields than tradingXavier Lorenzo/Getty Images Bitcoin prices dropped as much as 22% on Saturday. The broader cryptocurrency market droped roughly 15%. The plunge follows a volatile week for financial markets. Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.The cryptoc...
Tags: News, US, Trends, Markets, Bitcoin, Trading, Cryptocurrency, Vidya Ranganathan, Justin, Dogecoin, U S House Financial Services Committee, Ether, Alesia Haas, Sam Bankman, Selloff, MI Exclusive


Metaverse-related cryptocurrencies like Axie Infinity and Decentraland are up 37,000% this year, crushing bitcoin and other altcoins

Image of NFT game Axie Infinity.Axie Infinity Media Kit A bucket of metaverse-related cryptocurrencies is up 37,000% this year, Macro Hive data show. The bucket includes Axie Infinity, a play-to-earn platform, and Decentraland, where players can buy digital land. Coins related to smart contracts rallied 2,355% this year, and DeFi coins jumped 548%. Bitcoin rose just 97%.  Metaverse-related cryptocurrencies have surged an eye-popping 37,000% this year — far exceeding the gains of bitcoin, data...
Tags: Facebook, UK, Trends, Markets, Bitcoin, Cryptocurrencies, Ethereum, NFT, Metaverse, Smart Contracts, Decentraland, Uniswap, Natasha Dailey, Axie Infinity, MI Exclusive, DeFi tokens


Bitcoin’s Mysterious Origins at Center of ‘Finding Satoshi,’ New Doc From Director Matthew Miele (EXCLUSIVE)

A new documentary is in the works exploring the mysterious founder of Bitcoin and the larger state of cryptocurrency. Director Matthew Miele (“Always at the Carlyle,” “Quixotic Endeavors”) will helm the project, titled “Finding Satoshi.” The film will investigate the origins of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, whose identity and invention remains secret. […]
Tags: News, Bitcoin, Satoshi Nakamoto, Satoshi, Matthew Miele, Tucker Tooley, Carlyle Quixotic Endeavors


Jack Dorsey's Square Changes Corporate Name To Block

Square, the financial services and digital payments company founded by Jack Dorsey and Jim McKelvey in 2010, announced today that it is changing its name to Block. From a press release: Block will be the name for the company as a corporate entity. The Square name has become synonymous with the company's Seller business, which provides an integrated ecosystem of commerce solutions, business software, and banking services for sellers, and this move allows the Seller business to own the Square bran...
Tags: Tech, Bitcoin, Jack Dorsey, Jim Mckelvey, Square Crypto, Counsel People and Finance, Block Block


Wyoming bitcoin evangelist Sen. Lummis wants to block Powell and Brainard's nominations to the Fed over their 'political approach' to crypto

Sen. Cynthia Lummis.Tom Williams / Getty Images Sen. Cynthia Lummis said the nominations of Jerome Powell and Lael Brainard to the Fed stand in the way of crypto adoption.  The Republican from Wyoming has told others to block the nominations, Decrypt reported. She said Powell missed the perfect opportunity to "promote responsible financial innovation." Cynthia Lummis, the Republican senator from Wyoming, said the nominations of Jerome Powell and Lael Brainard to the Federal Reserve stand in t...
Tags: Congress, Trends, Markets, Bloomberg, Bitcoin, Wyoming, Crypto, Ohio, Federal Reserve, Biden, Fed, Kraken, Avanti, Powell, Sherrod Brown, Jerome Powell


10 things before the opening bell

Axie Infinity banner depicting metaverse creatures.Axie Infinity Welcome to 10 Things Before the Opening Bell.If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go – click here for iOS and here for Android.Let's jump in. 1. Metaverse madness has gripped the crypto market. Anything from real estate to high-end fashion is up for grabs in the virtual world. Last week's sales of virtual land fetched over $2 million, and a luxury digital mega-yacht ...
Tags: Elon Musk, US, Trends, Bank Of America, Bitcoin, Credit Suisse, Crypto, Atari, Gucci, Crowdstrike, Adagio, Fed, Dolce Gabbana, Ryan, Royal Bank Of Canada, Jerome Powell


Dow futures drop 450 points after Moderna CEO predicts vaccines will be less effective against Omicron

Analysts said stocks are set for volatility over the coming weeks.AP Photo/Richard Drew Dow futures fell 450 points Tuesday after Moderna's CEO predicted vaccines would be less effective against the Omicron coronavirus strain. European stocks, oil and crypto also fell as investors ran for safe-haven assets such as government bonds. Analysts said they expect volatility to remain high over the coming weeks as scientists learn more about Omicron. US stock market futures tumbled Tuesday, afte...
Tags: Hong Kong, London, Senate, Trends, Opec, Bitcoin, Barclays, Treasury, World Health Organization, Tokyo, Janet Yellen, US Treasury, Dow Jones, Financial Times, Federal Reserve Chair, Jerome Powell


‘Bitcoin will not be Accepted as Currency, No Data on Cryptocurrency Transactions’: FM

Responding to a question in the Lok Sabha, Finance Minister Nirmala Sitharaman Monday said that the government has no proposal to recognize Bitcoin as a currency in the country. She also informed the Lok Sabha that the government does not collect data on Bitcoin transactions. The Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency by RBI. [Via]
Tags: Business, News, Bitcoin, Bill, Cryptocurrency, Nirmala Sitharaman, Lok Sabha


Blockchain Investment Firm to Relocate Its HQ to Connecticut

Connecticut Gov. Ned Lamont says a firm that invests in Bitcoin and blockchain technology company is relocating its headquarters from New York City to Stamford.
Tags: New York City, Bitcoin, Connecticut, Ned Lamont


Bitcoin mining powers the system that oversees transactions and creates new bitcoins

The high cost of Bitcoin mining makes it impractical for many individuals.Jasmin Merdan/Getty Bitcoin mining involves confirming transactions and adding them to the blockchain.  As a reward for this work, miners receive newly issued bitcoins.  The cost of the hardware and energy involved can make profiting from Bitcoin mining difficult.  Visit Insider's Investing Reference library for more stories. Bitcoin mining is a crucial part of the cryptocurrency's underlying technology through ...
Tags: Personal Finance, Asia, Sweden, China, US, Trends, Bitcoin, Nepal, Algeria, Cryptocurrency, Western Europe, ASIC, Investing (Reference, Investing How To, Investing Strategies (Reference, Charles Bovaird


Cryptocurrencies recover from last week's sell-off as traders mull the impact of a new variant, while little-known 'omicron' coin soars

BitcoinFrancesco Carta fotografo Bitcoin and ether bounced back on Monday, recovering somewhat after Friday's steep sell-off.  A small decentralized reserve token known as "omicron" surged as focus on the new COVID-19 intensified.  South Africa detected the "omicron" variant of Covid-19 last week, initially sparking a sell-off in crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies staged a sharp recovery on Monday, bouncing back from the s...
Tags: UK, Israel, Trends, Bbc, Bitcoin, South Africa, USDC, Sandbox, COVID, CoinGecko, Bobby Ong, Camomile Shumba, GlobalBlock, Freddie Evans Sales Trader, BitcoinFrancesco Carta, SushiSwap Omicron


Bitcoin is too volatile to be used as legal money, according to Bank of England’s Chief

Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin as legal tender after President Nayib Bukele announced the launch of Bitcoin City. Trading around $43,000 on the first day of El Salvador’s Bitcoin adoption as legal tender, Bitcoin surged to a new historical high above $68,000 on Nov. 9. The IMF previously issued a warning against El Salvador’s Bitcoin Law in June, which didn’t prevent the country from adopting it and accepting BTC as legal ten...
Tags: Business, England, News, Bank Of England, Bitcoin, El Salvador, Btc, Cryptocurrency, Imf, Andrew Bailey, NAYIB BUKELE


The many alleged identities of Bitcoin's mysterious creator, Satoshi Nakamoto

Blue bitcoinYuichiro Chino The identity of Bitcoin's creator is at the center of a Florida lawsuit over Satoshi Nakamoto's $54 billion stake. Since it was created in 2009, bitcoin has become a top digital currency. Many names have been dropped as Bitcoin potential creators, but none have been proven. Visit the Business section of Insider for more stories. The mystery behind the creator of Bitcoin and their over $54 billion stake has captured public attention once more, as a court case...
Tags: Silk Road, Spacex, Elon Musk, Florida, UK, New York, Money, News, Wikipedia, US, Los Angeles, Trends, Tech, Tesla, Bbc, Features


Bitcoin tumbles as new coronavirus variant shakes markets

Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen, and the dollar. Bitcoin, the largest digital currency, fell as much as 7.8% to $54,377, its lowest since Oct. 12. Bitcoin hit an all-time high of $69,000 earlier this month as more large investors embraced cryptocurrencies, with many drawn to its purported inflation-resistant qualities. [Via]
Tags: Business, News, Bitcoin, Cryptocurrency


Bitcoin surpasses PayPal in terms of value transferred and now sets sights on Mastercard : Report

The Bitcoin network already processes more volume by dollar value than PayPal, and the largest decentralized cryptocurrency network in the world by market capitalization could outstrip Mastercard by as early as 2026. Three factors could see the Bitcoin network rise to the level of the two credit card giants in terms of total volume processed: the total number of transactions, the average amount of Bitcoin sent per transaction and the rise of the price of Bitcoin. The trend could change in the f...
Tags: Business, News, Paypal, Bitcoin, Cryptocurrency, Mastercard


El Salvador is building a volcano-powered "Bitcoin City" with no taxes

From Bloomberg: El Salvador intends to issue the world's first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property and capital gains taxes, President Nayib Bukele announced in the beach town of Mizata to a crowd of cheering Bitcoin enthusiasts.  — Read the rest
Tags: Video, News, Cities, Bitcoin, Volcanoes, El Salvador, Smart Cities, Life In The Big City, Bitcoins, City Planning, NAYIB BUKELE, Dumb Smart Cities, Stupid Smart Cities, Bitcoin City, Mizata, Next Century Cities


Bitcoin bull Mike Novogratz warns Jerome Powell's second Fed stint could bring pain for crypto prices

Mike Novogratz is a big name in the crypto world.Photo by John Lamparski/Getty Images Jerome Powell's second term as Fed chair may bring some pain for crypto assets, Mike Novogratz has said. Novogratz said Powell may now feel freer to tackle inflation by tightening monetary policy. The bitcoin bull said this would slow all assets down, including crypto and tech stocks. Billionaire investor Mike Novogratz has said Fed Chair Jerome Powell could be about to slow down the crypto market now he...
Tags: US, America, Trends, Joe Biden, Bitcoin, United States, Cnbc, Fed, Powell, CME Group, Jerome Powell, Mike Novogratz, Novogratz, Bitstamp, John Lamparski Getty, Harry Robertson


Kazakhstan considers nuclear power as a solution to its bitcoin mining power shortage.

The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country’s president has proposed solving with nuclear energy. While Tokayev did not connect the proposal to Bitcoin mining power use, failing to keep miners in the country could jeopardize the estimated $1.58 billion in tax revenue those miners represent. Power shortages have already forced Bitcoin mining marketplace Xive to leave Kazakhstan. [Via]
Tags: Business, News, China, Bitcoin, Kazakhstan, Cryptocurrency, Tokayev


Crypto prices are plummeting in India as the country mulls ban on digital assets — and its creating an opportunity for savvy investors

SOPA Images/Getty ImagesSOPA Images/Getty Images Prices of shiba inu, dogecoin, bitcoin, and tether dropped on a popular crypto exchange in India. The declines came as the country mulls a crackdown on private cryptocurrencies. The declines created an arbitrage opportunity for savvy investors, but a tough one to capitalize on. Cryptocurrencies dropped in India Wednesday morning as the country mulled a crackdown on digital assets — and its opened up opportunities for witty investors.According t...
Tags: India, Trends, Markets, Bloomberg, Bitcoin, Crypto, Kraken, Dogecoin, Shiba Inu, Arbitrage, Binance, Crypto Crackdown, Natasha Dailey


Bitcoin Price: What Does It Depend On?

From being valued at $1, Bitcoin has surpassed the imagination of many, even the best at predicting. In over ten years, it has gone from an all-time low to an all-time high. What exactly can be said to be responsible for changes in Bitcoin price? The post Bitcoin Price: What Does It Depend On? appeared first on Young Upstarts.
Tags: Startups, Bitcoin, Others


Crypto prices are plummeting in India as the country mull as ban on digital assets — and its creating an opportunity for savvy investors

SOPA Images/Getty ImagesSOPA Images/Getty Images Prices of shiba inu, dogecoin, bitcoin, and tether dropped on a popular crypto exchange in India. The declines came as the country mulls a crackdown on private cryptocurrencies. The declines created an arbitrage opportunity for savvy investors, but a tough one to capitalize on. Cryptocurrencies dropped in India Wednesday morning as the country mulled a crackdown on digital assets — and its opened up opportunities for witty investors.According t...
Tags: India, Trends, Markets, Bloomberg, Bitcoin, Crypto, Kraken, Dogecoin, Shiba Inu, Arbitrage, Binance, Crypto Crackdown, Natasha Dailey


US stocks closed mixed with tech stocks dragged by rising bond yields

Scott Heins/Getty Images US stocks closed mixed as tech shares dragged the benchmark index lower amid rising Treasury yields.   Bond yields continued to rise with the key 10-year Treasury note yield edging up to 1.672%. Oil prices surged following plans by the Biden administration to release oil from the emergency stockpile. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks closed mixed on Tuesday as technology shares dragged lower amid rising Treasury yields...
Tags: Oil, US, Trends, Gold, Markets, Best Buy, Bitcoin, Treasury, Crypto, Channing Tatum, Oil Price, Brent Crude, S&P, Federal Reserve, Biden, Stock Market


Regal Cinemas will take cryptocurrencies as payment, following the lead of meme-stock favorite AMC

Regal movie theater.Shutterstock Regal Cinemas is now accepting cryptocurrencies as payment for movie tickets and popcorn. The company will accept dozens of forms of digital payments, including bitcoin, ethereum, litecoin, and dogecoin. The theater chain is following AMC, which made a similar announcement earlier this month. Movie-theater chain Regal Cinemas is the latest to add cryptocurrencies as a form payment.The company, which has more than 500 theaters, will accept dozens of digital pay...
Tags: Nordstrom, New York, Amc, Trends, Markets, Bitcoin, Crypto, Ethereum, Litecoin, Movie Theater, Adam Aron, Regal, Regal Cinemas, Dogecoin, Flexa, Ken Thewes


Bitcoin halving is how the supply of the world's largest cryptocurrency is controlled

The rate at which new bitcoins enter circulation is reduced by half about every four years.eclipse_images/Getty Bitcoin halving is when the reward for mining bitcoins is cut in half. At the current rate that bitcoins are being produced, halvings happen about every four years. Bitcoin halving is part of a system designed to cap the total number of bitcoins at 21 million. Visit Insider's Investing Reference library for more stories. Bitcoin halving refers to an event when the pace at which ...
Tags: Personal Finance, US, Trends, Bitcoin, Cryptocurrency, Assets, Levine, Investing (Reference, Investing How To, Tom Frazier, Investment Assets (Reference, Investment Assets, PFI Reference, Buchi Okoro, Daniel Waterloo, Illinois Institute of Technology However


The US wants to extradite a British man accused of stealing $8.5 million of crypto from an American citizen

Bitcoin's price has nearly doubled during 2021.Edward Smith/Getty Images A British man is facing extradition to the US for helping to hack an American man's crypto wallet, Bloomberg reported Tuesday.  The man is accused of being part of a hacking group called "The Community" when he was 18 years old.  The now 22-year-old Brit allegedly received 108.18 bitcoins in the hack of the American's digital wallet.  A 22-year-old British man is facing extradition to the US in a case accusin...
Tags: UK, London, Robin Hood, US, Trends, Markets, Bloomberg, Bitcoin, Community, US Securities and Exchange Commission, Carla Mozee, de Rose, Peter Caldwell, Mr Rose, MI Exclusive, Edward Smith Getty


Music Industry Moves: OneRepublic Becomes First Major U.S. Artist to Take Cryptocurrency Payment for Live Gig

OneRepublic frontman Ryan Tedder‘s interest in evolving technology is well-documented (see his recent interview with Variety about moving into the NFT space). Now, he’s put his cryptocurrency where his mouth is, as OneRepublic became the first major-label U.S. act to accept Bitcoin in full payment for a show, according to the group’s reps. The exchange […]
Tags: News, Bitcoin, Onerepublic, Variety, NFT, Ryan Tedder, Music Industry Moves


The biggest gains in value and popularity among cryptocurrencies have been led by altcoins this year — here are 5 biggest winners in 2021

Jakub Porzycki/NurPhoto via Getty Images Altcoins in 2021 dominated in value and popularity growth in the now-$2.6 trillion cryptocurrency market.  Shiba inu was the top performer in both categories, according to analysis by BrokerChooser.  Meme token dogecoin and ethereum rival solana also made the list.  Altcoins have been a major driver of the booming cryptocurrency market, which briefly topped a $3 trillion capitalization in 2021, with shiba inu and others leading in value and popularity ...
Tags: Google, Elon Musk, Trends, Markets, Tesla, Bitcoin, Crypto, Cryptocurrencies, Matic, Terra, Solana, Dogecoin, Carla Mozee, Terra Luna, Shiba Inu, Polygon


MoonPay scores $3.4 billion valuation as the PayPal for crypto reportedly plans hiring spree

MoonPay CEO Ivan Soto-Wright.MoonPay MoonPay scored a $3.4 billion valuation in a funding round led by Tiger Global Management and Coatue. It plans to use the money to add 200 jobs based in Miami and around the globe. The company helps millions of users convert traditional currencies to crypto. MoonPay, the self-described PayPal for crypto, raised more than half a billion dollars in an effort to beef up its staff.The Miami-based company said in a press release that it raised $555 million in a...
Tags: Apple, Trends, Markets, Bloomberg, Paypal, Bitcoin, Crypto, Miami, Cryptocurrency, Tiger Global Management, Crypto Exchanges, MoonPay, Natasha Dailey, MI Exclusive, Ivan Soto Wright, Soto Wright


Crypto bonds! Volcanoes! What we know about the first ‘Bitcoin City’

Crypto bros could soon have a new dream destination. At a conference on Saturday, the president of El Salvador unveiled plans to build the world’s first “Bitcoin City.” Dressed in all white and donning a backward baseball cap, President Nayib Bukele looked more like a pop star than a politician as he described an ecological metropolis funded by Bitcoin-backed bonds. He compared his strategy to that of Alexander the Great founding cities that he humbly named after himself: The idea behind it was ...
Tags: Startups, Bitcoin, El Salvador, Insider, Alexander the Great, NAYIB BUKELE, Hard Fork, Alexandrias