Posts filtered by tags: Bitcoin[x]


 

US stocks climb as investors cheer stellar tech earnings

Spencer Platt/Getty Images US stocks climbed Friday as investors digested the latest round of earnings from some of Wall Street's biggest tech names. Shares of Snap and Twitter soared in early morning trading after both blew past earnings estimates. Asian stocks sank after a report that Beijing wants listed tutoring companies to turn non-profit. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks gained on Friday as investors cheered a strong round o...
Tags: Facebook, Asia, China, US, Trends, Markets, Bloomberg, Beijing, Bitcoin, Crypto, US Treasury, Nasdaq, Dow, S&P 500, Snap, Fed


3 states have cracked down on crypto lender BlockFi as the company's interest accounts draw scrutiny

Chukrut Budrul/SOPA Images/LightRocket via Getty Images) Three US states have said cryptocurrency platform BlockFi's Interest Accounts may be a security under state regulation. New Jersey, Alabama, and Texas said the crypto platform did not register its BlockFi Interest Accounts with regulators. BlockFi CEO Zac Prince says that the interest-bearing accounts are lawful. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Three US states have said cryptocurrency pl...
Tags: Texas, US, Alabama, Trends, Markets, Bitcoin, New Jersey, Crypto, Bia, Cryptocurrencies, Blockchain, Zac Prince, Isabelle Lee, Getty Images Three US, BlockFi, MI Exclusive


29-year old crypto billionaire Sam Bankman-Fried says FTX US is set to expand after fresh funding round

Sam Bankman-Fried, founder and CEO of crypto exchange FTX. FTX Official/YouTube Sam Bankman-Fried said FTX is targeting the US as its next growth area in an interview on Thursday. His comment comes after FTX announced that it raised $900 million in series B financing. The CEO also said FTX is looking to deploy its newly-raised funds mainly through acquiring firms. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Sam Bankman-Fried, the 29-year-old billionaire CEO o...
Tags: Hong Kong, California, China, Softbank, US, Trends, Bitcoin, Miami, Tom Brady, States, Major League Baseball, Paul Tudor Jones, Gisele Bündchen, Masayoshi Son, FTX, Blockfolio


Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth

Elon Musk REUTERS/Mike Blake Elon Musk's net worth topped more than $160 billion this year, making him the second richest person on Earth. Musk's net worth is driven by five investments, which he revealed at a conference on Wednesday.These are the five holdings behind Musk's net worth.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Elon Musk's net worth of more than $160 billion makes the Tesla CEO the second richest person on Earth, just behind Amaz...
Tags: Amazon, Spacex, Elon Musk, Trends, Markets, Tesla, Earth, Bitcoin, International Space Station, Crypto, Jeff Bezos, Ethereum, Billionaire, Musk, SpaceX Falcon, Dogecoin


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, evangelizes about bitcoin, and had to defend his company in front of Congress

Jack Dorsey onstage at a bitcoin convention on June 4, 2021 in Miami, Florida. Joe Raedle/Getty Images Jack Dorsey cofounded Twitter in 2006, and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine and regular ice baths. Dorsey holds two CEO jobs at Twitter and his payment company Square. Visit Business Insider's home page for more stories. From fighting armies of bots to quashing rumors about sending his beard hair to ...
Tags: Google, Facebook, Mark Zuckerberg, South Korea, Twitter, New York Post, Japan, Elon Musk, Hollywood, Obama, Congress, Washington, Cbs News, Life, Senate, White House


Bitcoin mining firm Core Scientific is going public via SPAC in a $4.3 billion deal

Lars Hagberg/Getty Images Crypto mining firm Core Scientific is going public via a SPAC in a deal that values the combined entity at $4.3 billion. The mining firm will merge with Power and Digital Infrastructure Acquisition Company. Core Scientific operates proprietary mining facilities and hosts digital asset mining hardware for customers. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Core Scientific, one of North America's largest crypto miners, is going...
Tags: US, Trends, Markets, Bitcoin, Mining, Crypto, North America, Blackrock, SPAC, Bitcoin mining, Crypto Mining, Lars Hagberg, Emily Graffeo, Getty Images Crypto, MI Exclusive, Core Scientific


Here is what it'll take to pull bitcoin out of its bear market, according to JPMorgan

Nurphoto / Getty Images The bear market in bitcoin is ongoing as momentum traders unwind their positions, JPMorgan said in a note on Wednesday. The bank is looking for signs of new institutional adoption to help lift bitcoin from its rut."We believe that the share of bitcoin in the total crypto market would have to normalize further and perhaps rise above 50%" to end the current bear market, JPMorgan said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The ongoing ...
Tags: Finance, Trends, Markets, Bitcoin, Crypto, Trading, Jack Dorsey, Cryptocurrencies, Jpmorgan, MicroStrategy, Matthew Fox, Bitcoin Price, Elon Musk Jack Dorsey, Crypto Assets, Cathie Wood Read, Bitcoin Price Outlook


Elon Musk Says Tesla Likely to Accept Bitcoin Again

Elon Musk has apparently changed his mind about bitcoin. Again. The billionaire founder of SpaceX said Tesla would likely accept bitcoin again in the future after dropping the cryptocurrency over environmental concerns. Read more...
Tags: Spacex, Elon Musk, Science, Tesla, Economy, Bitcoin, Jack Dorsey, Cryptocurrencies, Hyperloop, Digital Currencies, Businesspeople, Boring Company, Neuralink, The Boring Company, Payment Systems, Economics Of Bitcoin


Elon Musk asked Jack Dorsey whether Twitter would let advertisers pay in Bitcoin. Dorsey dodged the question.

Tesla CEO Elon Musk (left) and Twitter CEO Jack Dorsey. FREDERIC J. BROWN/AFP via Getty Images/Joe Raedle/Getty Images Elon Musk and Jack Dorsey appeared on a panel on Wednesday to discuss the future of bitcoin. Musk asked Dorsey if Twitter could start accepting bitcoin from advertisers. Dorsey said it was a good idea - but didn't say whether Twitter would actually do it. See more stories on Insider's business page. Elon Musk asked Twitter CEO Jack Dorsey whether the social-media p...
Tags: Twitter, Elon Musk, News, Advertising, Trends, Tesla, Bitcoin, Square, Jack Dorsey, Cryptocurrency, Musk, Dorsey, Steve Lee, Tesla CEO Elon Musk, Tech Insider, Bitcoin Dorsey


Tesla likely to start accepting bitcoin as payment again, says Elon Musk

The founder of the electric carmaker says coins are mined using at least 50% renewable power, sending the price up sharplyTesla will most likely restart accepting bitcoin as payment once it conducts due diligence on the amount of renewable energy used to mine the currency, the founder and boss of the electric carmaker, Elon Musk, has said.Musk sent the price of bitcoin into freefall in May when he said that Tesla would stop accepting the cryptocurrency for payment because it the so-called mining...
Tags: Elon Musk, Technology, Tesla, Bitcoin, Cryptocurrencies, Musk


Elon Musk says Tesla will ‘most likely’ accept Bitcoin again when it becomes more eco-friendly

Tesla will ‘most likely’ resume accepting bitcoin as a form of payment once the mining rate for the cryptocurrency reaches 50% renewables, CEO Elon Musk said Wednesday at a virtual panel discussion hosted by the Crypto Council for Innovation, remarks that are in line with statements he made last month on Twitter. Tesla started accepting bitcoin as a form of payment in February, the same time that the company purchased a historic $1.5 billion in bitcoin – before reneging on its decision just thre...
Tags: TC, Spacex, Elon Musk, China, Tech, Tesla, Bitcoin, Automotive, Jack Dorsey, Cryptocurrencies, Ethereum, Coinbase, Btc, Musk, Dogecoin, Crypto Council for Innovation


Twitter CEO Jack Dorsey says bitcoin's 'weird as hell' community inspires him and reminds him of the internet's early days

Twitter and Square CEO Jack Dorsey. MARCO BELLO/AFP via Getty Images Jack Dorsey cited the "weird as hell" bitcoin community as the reason for his support of the digital currency. The Twitter CEO chatted with Elon Musk Wednesday about all things bitcoin-related. Dorsey said bitcoin's "always evolving" network reminds him of the internet's early days. See more stories on Insider's business page. Twitter CEO Jack Dorsey said part of what drives his passion for bitcoin is its comm...
Tags: Twitter, Elon Musk, News, Finance, Trends, Tesla, Bitcoin, Miami, Jack Dorsey, Cryptocurrency, Musk, Dorsey, Twitter Ceo, Steve Lee, Tech Insider, Cathie Wood


Bitcoin rises 10% as Elon Musk, Jack Dorsey, and Cathie Wood gather to discuss the volatile cryptocurrency

David McNew/AFP via Getty; ARK Invest; Patricia De Melo Moreira/AFP via Getty; Bitcoin; Samantha Lee/Insider Bitcoin jumped as much as 10% on Wednesday as Elon Musk, Cathie Wood, and Jack Dorsey talked crypto at The B Word conference.Musk, Wood, and Dorsey all advocated for the cryptocurrency and talked about its future potential.Bitcoin reclaimed the key support level of $30,000 and traded as high as $32,415 on Wednesday.Sign up here for our daily newsletter, 10 Things Before the Opening ...
Tags: Trends, Markets, Bitcoin, Stockton, Crypto, Trading, Getty, Jack Dorsey, Wood, Technical Analysis, Dorsey, SPAC, Matthew Fox, David McNew, Katie Stockton, Bitcoin Price


Elon Musk says Tesla's caused him two-thirds of the personal and professional pain he's ever felt

Tesla CEO Elon Musk appeared in a virtual bitcoin chat with Twitter CEO Jack Dorsey and others. The B Word Elon Musk said two-thirds of the personal and professional pain he's felt stems from Tesla. In a virtual bitcoin chat Wednesday, Musk said he's poured his "life energy" into the company. "This is a hella hard situation," Musk said. See more stories on Insider's business page. Elon Musk said two-thirds of the "personal and professional pain" he's experienced has stemmed...
Tags: Transportation, Spacex, Elon Musk, News, Trends, Tesla, Bitcoin, Jack Dorsey, Cryptocurrency, Musk, Dorsey, Steve Lee, Tech Insider, Cathie Wood, Katie Canales, Jack Dorsey Musk


'I might pump but I don't dump': Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey

Elon Musk REUTERS/Mike Blake Elon Musk on Wednesday said he is a supporter of bitcoin and wants to see the cryptocurrency succeed. "If the price of bitcoin goes down, I lose money. I might pump but I don't dump," Musk said during "The B Word" event. Musk spoke on the panel alongside Twitter chief Jack Dorsey and Ark Invest CEO Cathie Wood. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk on Wednesday detailed his thoughts on cryptocurrencies, saying ...
Tags: Spacex, Elon Musk, Trends, Markets, Tesla, Bitcoin, Crypto, Jack Dorsey, Musk, Dogecoin, Ether, Elon Musk Crypto, Cathie Wood, Isabelle Lee, Elon Musk Bitcoin, Tesla Bitcoin


22-Year-Old UK Citizen Arrested for 2020 Twitter Hack Affecting Apple

The United States Justice Department has continued pursuing those responsible for a 2020 Twitter hack that saw the accounts of high-profile companies and individuals hacked as part of a Bitcoin scam. Several people have already been arrested and charged for the attack, and the DoJ today announced (via The Verge) that 22-year-old Joseph O'Connor, aka "PlugWalkJoe," has also been arrested. A UK citizen, O'Connor was apprehended by the Spanish National Police in Spain, and he has been charged w...
Tags: Twitter, UK, Spain, Hack, Bitcoin, New York Times, Connor, United States Justice Department, Krebs, O Connor, Joseph O Connor, Spanish National Police, Tiktok, Graham Ivan Clark, Mason Chaewon Sheppard, Nima Rolex Fazeli


Upgrade launches a credit card with bitcoin rewards

Fintech startup Upgrade is launching a new credit card today. The Upgrade Bitcoin Rewards Card is a classic Visa credit card that works across the Visa network. But you get 1.5% in bitcoin rewards when you make payments. Upgrade isn’t the first company to announce a credit card with bitcoin rewards — but it’s the first one that is generally available. If your application is approved, you can start using the virtual card immediately. BlockFi announced its own credit card with bitcoin rewards in D...
Tags: Google, Finance, Tech, Upgrade, Bitcoin, District Of Columbia, Fintech, Cryptocurrency, Renaud Laplanche, Bitcoin Rewards Card, Upgrade Bitcoin Rewards Card


1 Million Bitcoin Mining Systems Could Shift To Canada From China

The crypto crackdown in China has forced many mining operators to close while others are in search of an alternative. The post 1 Million Bitcoin Mining Systems Could Shift To Canada From China appeared first on ThinkComputers.org.
Tags: Hardware, China, All News, Hardware News, Bitcoin, Canada, Crypto-Currency, Crypto-Mining, Optimum Mining


BNY Mellon joins State Street in backing a crypto exchange as digital assets continue to surge in popularity

The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. REUTERS/Brendan McDermid Bank of New York Mellon has joined State Street and a group of banks backing crypto exchange Pure Digital. Its first trade is now imminent and will involve bitcoin, founder Campbell Adams told the Financial Times. As institutional interest nudges banks into crypto, different approaches to the asset class are being tested. Sign up here for our daily ...
Tags: New York, Banks, Trends, Markets, Bitcoin, Crypto, Fidelity, Goldman Sachs, Financial Times, Wall St, State Street, BNY Mellon, Bank of New York Mellon Corp, Binance, Opening Bell Bank of New York Mellon, MI Exclusive


What Robinhood’s warnings about crypto trading say about Coinbase’s near-term future

Is the trading boom of 2020 and 2021 slowing? That’s a question The Exchange has had on its mind since Robinhood released its latest IPO filing. The popular U.S. consumer-focused investing app told investors in the document that it expects revenues to decline in the third quarter compared to its Q2 performance. The company highlighted historically strong crypto volumes in preceding quarters as part of the reason for its anticipated revenue decline. The Exchange explores startups, markets and mo...
Tags: Fundings & Exits, Startups, TC, Tech, Bitcoin, Cryptocurrencies, Robinhood, Coinbase, Exchange, Dogecoin, Robinhood Robinhood, The Exchange, EC Newsletter, EC Fintech, And Square


Cathie Wood's ARK bought more shares in Grayscale's trust after bitcoin's fall below $30,000

Cathie Wood Cindy Ord/ Getty Images Cathie Wood's fund bought another 140,157 shares in the Grayscale Bitcoin Trust. Grayscale is the world's largest bitcoin investor and its trust offers exposure to the price. The purchase came ahead of the "B Word" conference Wood is hosting later on Wednesday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cathie Wood has added to her bitcoin holdings with another purchase of shares in the Grayscale Bitcoin Trust after...
Tags: Elon Musk, Trends, Tesla, Bitcoin, Jack Dorsey, Wood, Coinbase, Cathie Wood, Grayscale Bitcoin Trust, Opening Bell Cathie Wood, Camomile Shumba, Cathie Wood Cindy Ord Getty Images Cathie Wood, Grayscale Bitcoin Trust Grayscale, Fintech Innovation Fund


Bitcoin price slides amid EU call to make transfers traceable, and rise of ‘stablecoins’

European regulator want banks to hold personal details of cryptocurrency clients, while US wants swift work to establish less volatile ‘stablecoins’Bitcoin has slipped below $30,000 as calls grew among regulators in the US, Europe and Asia for tighter checks on cryptocurrencies, and the less volatile digi-currency known as “stablecoins”.Bitcoin, the world’s largest cryptocurrency fell as much as 5% to $29,300, its lowest since 22 June, and investors said it was likely to test the $28,600 level t...
Tags: Asia, Europe, Business, Technology, US, Eu, European Union, US news, Bitcoin, Cryptocurrencies, US Europe


Is Investing in Bitcoin IRA a Good Idea?

We all know how the 21st century saw the arrival of digital currencies rather than cryptocurrencies that took the financial markets by storm. Soon it gained immense popularity among the… Read more » The post Is Investing in Bitcoin IRA a Good Idea? appeared first on Noobpreneur.com.
Tags: Business, News, Bitcoin, Bitcoin IRA


Bitcoin mining is getting easier after China's crypto crackdown wiped out network capacity

Bitcoin shot up in the first months of 2021 before tumbling in May. Artyom Geodakyan/Getty Images Bitcoin's "network difficulty," which measures how much computing power is needed to mint a new bitcoin, has plummeted. The clear culprit is China, where the government's anti-crypto tack has forced mining operations to shutter. Network difficulty could bounce back as Chinese miners migrate elsewhere. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A measure o...
Tags: Texas, China, Trends, Markets, Bitcoin, Mining, Crypto, North America, Xinjiang, Sichuan, Greg Abbott, Central Asia, Global Times, MI Exclusive, Ethan Wu, Network Difficulty


What to know about speculation: When investors buy high-risk assets with the expectation of significant returns

Active traders tend to be speculative investors and aren’t as prominent among those who take a “buy-and-hold” approach. Rapeepong Puttakumwong/Getty Speculation is the act of buying or selling assets that have an increased chance of significant losses. Speculation is common among investors who trade penny stocks and over-the-counter (OTC) investments. Speculation should be limited to ensure that long-term financial goals like retirement are not impacted. Visit Insider's Investing Refer...
Tags: Elon Musk, Finance, Amc, US, Trends, Tesla, Joe Biden, Bitcoin, Mark Cuban, Cftc, Hertz, Gamestop, Musk, Nyse, FINRA, CGC


Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them

A bitcoin artwork by Stacey Coon, Anastasia Sultzer, and Nanu Berk at the Bitcoin 2021 convention. Marco Bello/Getty Images Cryptocurrencies and stablecoins have boomed in 2021, sucking in investors. The world's central banks are increasingly looking to create their own digital currencies. Insider cuts out the jargon and explains the key differences and what they're used for. See more stories on Insider's business page. Cryptocurrencies and stablecoins have boomed in 2021. An...
Tags: Japan, New York, China, US, Trends, Markets, Bank Of England, European Central Bank, Paypal, Bitcoin, Mining, Treasury, Federal Reserve, Ethereum, Cryptocurrency, Blockchain


More than half of experts in a recent crypto survey said bitcoin will replace fiat currency by 2050

A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images 54% of fintech experts surveyed expect bitcoin to overtake currencies issued by central banks in global finance by 2050. The move could also take place by 2035, according to 29% of respondents. The majority of the panel see bitcoin as currently undervalued, and the price rising this year to $66,284. See more stories on Insider's business page. Bitcoin, the world's most traded...
Tags: US, Trends, Markets, Getty Images, Bitcoin, Bank, El Salvador, Federal Reserve, Bank Of International Settlements, Fintech, Btc, Thomson Reuters, Cryptocurrency, Fed, Central Banks, Powell


Bitcoin DeFi is on the rise as Jack Dorsey's Square muscles into territory long held by ethereum

Jack Dorsey in 2017. Rolf Vennenbernd/picture alliance via Getty Images Square CEO Jack Dorsey earlier this week announced his payments company was building a new DeFi business on bitcoin. Bitcoin DeFi is rising, albeit slowly, and could see significant gains from Square's entry into the space. So far, DeFi services have largely been built on ethereum. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Square CEO Jack Dorsey earlier this week announced his paymen...
Tags: Trends, Markets, Bitcoin, Square, Crypto, Jack Dorsey, Ethereum, Greenberg, Cosmos, Zhong, Dorsey s Square, Rolf Vennenbernd, Uniswap, Getty Images Square, MI Exclusive, Allnodes


Binance will no longer support stock tokens just 3 months after starting to offer them

Binance Binance on Friday said it will wind down support for so-called stock tokens and shift its commercial focus to other product offerings. On the same day, Hong Kong's Securities and Futures Commission said that Binance is not licensed to conduct "regulated activity." The Hong Kong development follows other regulators in Italy, Thailand, Japan, Germany, and the US clamping down on the firm. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Binance, the worl...
Tags: Hong Kong, US, Trends, Markets, Bitcoin, Crypto, Cryptocurrencies, Securities and Futures Commission, Crypto Exchanges, Binance, Binance Binance, Changpeng Zhao, Isabelle Lee, MI Exclusive, Opening Bell Binance, Chaopeng Zhang


Bank of America is allowing some clients to trade bitcoin futures, report says

Bank of America is reportedly addressing demand for bitcoin access by clients. Carlo Allegri/Reuters Bank of America has approved access to bitcoin futures to some clients, CoinDesk reported Friday. The bank gave the green light due to the large amount of margin required to trade the futures, the report said. Bitcoin is trading at less than half its all time high of near $65,000 achieved earlier this year. See more stories on Insider's business page. Bank of America is allowing some...
Tags: China, US, Trends, Markets, Bank Of America, Bloomberg, Bitcoin, Goldman Sachs, Cryptocurrencies, Coindesk, BofA, Jerome Powell, Carla Mozee, Merrill Lynch Wealth Management, Candace Browning, Bitcoin Futures