Posts filtered by tags: Cryptocurrencies[x]


 

A 33-year-old Dogecoin millionaire says he has no plans to cash in his seven-figure stake - and expects the cryptocurrency to keep soaring

Dogecoin's image is centered on a talking Shiba Inu named Doge. Barcroft Media/Getty Glauber Contessoto of Los Angeles poured his life savings into Dogecoin, according to a profile of the meme currency investor in The New York Times. The value of his holdings in the cryptocurrency eventually grew to roughly $2 million. Contessoto told the Times he expects Dogecoin's price to keep moving higher and he plans to keep a tight grip on his holdings. See more stories on Insider's b...
Tags: Los Angeles, Trends, Investing, Markets, Tesla, New York Times, Crypto, Toyota, Times, Doge, Cryptocurrencies, Robinhood, Gamestop, Musk, Tesla CEO Elon Musk, Dogecoin


Square's CFO reportedly says the company has 'no plans' to buy more bitcoin

Reuters Square chief financial officer Amrita Ahuja says the company has "no plans" to buy more bitcoin as of now. The company currently holds 8,027 bitcoin worth over $400 million at current prices. "Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that," Ahuja said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Square's chief financial officer Amrita Ahuja told Fin...
Tags: Trends, Markets, Tesla, Bitcoin, Square, Jack Dorsey, Cryptocurrencies, Fortune, Wood, Btc, Dorsey, Ahuja, Financial News, that Square, Cash App, Cathie Wood


Coinbase Says Screw It, We'll Let You Buy Doge

The cryptocurrency exchange platform Coinbase has caved. After a long silence to the hoards imploring the company to let them trade Dogecoin, they’ve decided to list the meme, adding a sheen of legitimacy to a cryptocurrency with limitless supply, which whales could squash with a whale-sized dump at any moment. On a…Read more...
Tags: Iphone, Science, Paypal, Cryptography, Bitcoin, Doge, Cryptocurrencies, Coinbase, Dogecoin, Brian Armstrong, Cryptocurrency Exchange, Payment Systems, Exonumia, WallStreetBets, Drafthex, Private Currencies


Square's CFO reportedly says the company has 'no plans' to buy more bitcoin after incurring millions in losses

Reuters Square chief financial officer Amrita Ahuja says the company has "no plans" to buy more bitcoin. The company currently holds 8,027 bitcoin worth over $400 million at current prices. "Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that," Ahuja said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Square's chief financial officer Amrita Ahuja told Financial New...
Tags: Trends, Markets, Tesla, Bitcoin, Square, Jack Dorsey, Cryptocurrencies, Wood, Btc, Dorsey, Forbes, Ahuja, Financial News, that Square, Cash App, Cathie Wood


Elon Musk says he's working with Dogecoin developers to make the cryptocurrency more efficient

Yuriko Nakao/Getty Images; Britta Pedersen-Pool/Getty Images; Samantha Lee/Insider On Wednesday, Tesla stopped accepting bitcoin as payment for its electric cars. The next day Tesla CEO Elon Musk said he was working to make dogecoin more sustainable. Dogecoin uses less energy than bitcoin and has long been a Musk favorite. See more stories on Insider's business page. The day after announcing Tesla would no longer accept bitcoin as payment for its cars, Tesla CEO Elon Musk seemed to su...
Tags: Elon Musk, News, China, Trends, Markets, Tesla, Bitcoin, Cryptocurrencies, Musk, Tesla CEO Elon Musk, Dogecoin, Tech Insider, Samantha Lee, Yuriko Nakao Getty, Grace Kay, Britta Pedersen Pool Getty Images


World's Largest Crypto Trading Platform Under Investigation by DOJ and IRS: Report

Binance, the world’s largest platform for buying and selling cryptocurrencies like Bitcoin and Ethereum, is under investigation by the U.S. Department of Justice and the Internal Revenue Service, according to a new report from Bloomberg News. Read more...
Tags: Science, Cryptography, Bitcoin, Cryptocurrencies, Doj, Irs, Digital Currencies, U S Department of Justice, US Department of Justice, Internal Revenue Service, Bloomberg News Read, Binance, Changpeng Zhao, Payment Systems, Exonumia, Law Crime


Elon Musk is right. Bitcoin could erase Tesla's strides toward a carbon-free future

Business Insider Tesla CEO Elon Musk looks at his mobile phone. Joe Skipper/Reuters On Wednesday, Tesla suspended purchases of its cars with bitcoin. CEO Elon Musk cited the environmental impact of mining and trading on carbon emissions. Bitcoin has a growing carbon footprint and could soon become the 5th largest carbon dioxide emitter in the world. See more stories on Insider's business page. Tesla suspended vehicle purchases made using bitcoin this week, just three months a...
Tags: Energy, Elon Musk, News, Greece, Finance, Trends, Tesla, Bank Of America, Analysis, Bitcoin, Carbon Emissions, Cryptocurrencies, Electric Cars, Musk, American Airlines, BofA


Cryptocurrency exchange Binance is under investigation by the Justice Department and the IRS, report says

Chaopeng Zhang is the founder and CEO of crypto exchange Binance. Binance Binance, the world's largest cryptocurrency exchange, is under investigation by the US Justice Department and the IRS, Bloomberg reported Thursday. The agencies haven't accused Binance of any wrongdoing, the report said. Officials who investigate money laundering and tax offenses have sought information from individuals with insight into Binance's business. See more stories on Insider's business pa...
Tags: Singapore, US, Trends, Markets, Bloomberg, Bitcoin, Investigation, Cryptocurrencies, Doj, Justice Department, Irs, Cayman Islands, US Justice Department, Carla Mozee, Jessica Jung, IRS Bloomberg


Ethereum creator Vitalik Buterin donated $1 billion to a COVID relief fund for India using Shiba Inu - a tiny token that has gained 1,000% in a week

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Vitalik Buterin, Ethereum's creator, donated Shiba Inu coins worth $1 billion to a COVID-19 relief fund for India. The dogecoin-inspired Shiba Inu token has gained almost 1,000% over the past week. The crypto COVID-19 relief fund for India was set up last month as the pandemic escalated in the country. Sign up here for our daily newsletter, 10 Things Before the Opening...
Tags: London, India, Trends, Markets, Crypto, Cryptocurrencies, Ethereum, Coinmarketcap, Dogecoin, Shiba Inu, Vitalik Buterin, Ether, John Phillips Getty, Buterin, Ethereum Vitalik Buterin, COVID


Ethereum creator donates meme coins worth $1 billion to help India fight COVID-19

Vitalik Buterin donated cryptocurrencies worth $1.5 billion to several non-profit organizations, including $1 billion to a COVID-19 relief fund in India, on Wednesday in one of the largest-ever individual philanthropy efforts. Or at least that was the worth of the cryptocurrencies — many of which are dog-themed — when he made the donation. Buterin, the creator of Ethereum, transferred 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, worth around $1.14 billion at the time of transactio...
Tags: TC, Asia, China, India, Tech, Cryptography, Cryptocurrencies, Philanthropy, Blockchains, Ethereum, Cryptocurrency, Givewell, Dustin Moskovitz, Dogecoin, Balaji Srinivasan, Shiba Inu


Tesla Says It Will No Longer Accept Bitcoin for Car Payments, Citing Fossil Fuel Concerns

Tesla has “suspended vehicle purchases using bitcoin,” CEO Elon Musk tweeted on Wednesday night, allegedly out of concern over the “rapidly increasing use of fossil fuels for bitcoin mining.”Read more...
Tags: Elon Musk, Science, Environment, Tesla, Cryptography, Bitcoin, Currency, Square, Jack Dorsey, Cryptocurrencies, Decentralization, Musk, Digital Currencies, Dogecoin, Business Finance, Payment Systems


Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use

Digital currency, which is made with an energy-intensive process that often relies on fossil fuels, fell more than 7% after the tweet Tesla has suspended the use of bitcoin to purchase its vehicles, Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining. Related: Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention Continue reading...
Tags: Elon Musk, Technology, Tesla, World news, US news, Bitcoin, Cryptocurrencies, Dogecoin


Vitalik Buterin donates $1 billion worth of ‘meme coins’ to India Covid Relief Fund

Vitalik Buterin, the creator of Ethereum, on Wednesday donated Ethereum and “meme coins” worth $1.5 billion in one of the largest-ever individual philanthropy efforts. Buterin transferred 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, worth around $1.14 billion at the time of transaction, to the India COVID-Crypto Relief Fund. The transaction sparked panic among some investors, contributing to over 35% drop in SHIB’s price in the past 24 hours. The meme coin, which has courted retai...
Tags: TC, Asia, China, India, Tech, Cryptography, Cryptocurrencies, Blockchains, Ethereum, Cryptocurrency, Givewell, Dustin Moskovitz, Dogecoin, Methuselah Foundation, Vitalik Buterin, Distributed Computing


20 million adults could dive into the cryptocurrency market over the next year, nearly doubling today's retail investor base, says crypto exchange Gemini

Getty Images Nearly 20 million adults in America are planning to buy cryptocurrency over the next year, a study by crypto exchange Gemini found The investor population in the cryptocurrency market could nearly double over the next 12 months. The next wave of crypto buyers is also likely to skew older than current holders, with an average age of 44. See more stories on Insider's business page. The ranks of retail investors in the cryptocurrency market look set to swell over the next ...
Tags: US, America, Trends, Markets, Tesla, Paypal, Bitcoin, Crypto, Electric, Cryptocurrencies, Ethereum, Gemini, MoneyGram, CEO Elon Musk, Carla Mozee, Ether


Coinbase could slump to $100 as competition eats into market share of the largest US crypto exchange, New Constructs CEO says

The Coinbase logo on display in Times Square in New York. Shannon Stapleton/Reuters Coinbase stands to face steeper competition and its shares are likely to fall to $100 or less, New Constructs CEO David Trainer said about the crypto exchange operator. Coinbase is expected to report first-quarter earnings of $3.07 per share on revenue of $1.82 billion on Thursday. "The stronger Coinbase's earnings are now, the more attractive this fast-growing market looks to larger competitors," sai...
Tags: US, Trends, General Motors, Markets, Paypal, Square, Crypto, Cryptocurrencies, Robinhood, Coinbase, Times Square, FactSet, Trainer, Carla Mozee, Crypto Exchanges, David Trainer


Is It Too Late to Invest in Cryptocurrencies?

With the recent upswing in cryptocurrency value during the pandemic, you might be feeling a sensation of intensifying FOMO if you don’t own some already. But are you really missing out, or is crypto an overhyped gamble? Well, the answer really depends on your investing strategy and your appetite for risk. Here’s a…Read more...
Tags: Cryptography, Bitcoin, Currency, Crypto, Lifehacks, Cryptocurrencies, Decentralization, Digital Currencies, Financial Technology, Dogecoin, Business Finance, Payment Systems, Uberisation


CryptoPunks NFT bundle goes for $17 million in Christie’s auction

A lot of 9 CryptoPunks portraits ended up selling for just under $17 million in a Christie’s auction Tuesday evening, marking another substantial moment for NFT art sales. The lot of pixelated portraits were from the collection of the NFT platform’s co-creators Matt Hall and John Watkinson. The CryptoPunks platform is one of the first NFT projects on the Ethereum blockchain. Back in 2017, ten thousand of the procedurally generated characters were given away for free. In the years since, a vibran...
Tags: Startups, TC, Articles, Cryptography, Auction, Christie's, Cryptocurrencies, Blockchains, Ethereum, Cryptocurrency, Blockchain, Decentralization, Christie, NFT, Matt Hall, Joseph Lubin


eBay will allow NFT sales on its platform as it taps into the growing market for digital collectibles, report says

EBay CEO Jamie Iannone. Harry Murphy/Sportsfile for Web Summit via Getty Images eBay is entering the NFT market and will allow the sale of digital collectibles on its platform, Reuters reported Tuesday. The online ecommerce site said it will rollout tools and policies for users wanting to buy and sell NFT items. See more stories on Insider's business page. EBay is tapping into the growing NFT market by allowing the sale of digital collectibles on its site, according to a Reuters repo...
Tags: Ebay, Trends, Markets, North America, Cryptocurrencies, Collectibles, Cnbc, Reuters, Christie, NFT, eBay Sellers, Carla Mozee, Beeple, Mike Winkelmann, Trading Cards, Non Fungible Tokens


Goldman Sachs executive quits after making millions from Dogecoin

The crypto asset is down more than 30% this week but is still up by more than 1,000% from the start of 2021A senior manager at Goldman Sachs in London has quit the US investment bank after making millions from investing in Dogecoin, the joke crypto asset which has risen by more than 1,000% in value this year.City sources said Aziz McMahon, a managing director and head of emerging market sales, had resigned from the bank after making money from investing in the digital currency based on the Doge ...
Tags: Business, Technology, London, US, World news, Commodities, Banking, E-commerce, Currencies, Goldman Sachs, Cryptocurrencies, Dogecoin, Aziz McMahon


SIGN UP NOW: Discussions from finance industry leaders on disrupting the ordinary and the future of finance

DGLimages/Shutterstock The rise of fintech and e-commerce changed the way we think about finance, for both financial service professionals and consumers. The future of finance is here-with digital banking and cryptocurrency becoming the new normal. On June 8, 2021, Insider is hosting "The Future of Finance: Disrupting the Ordinary," a free virtual event, at noon ET, featuring speakers from Bank of America, American Express, and more. Click here to register for this free virtual event. Ins...
Tags: Finance, Trends, Investing, Zimbabwe, Swaziland, Cryptocurrencies, ESG, Wallis, Fintech, Cryptocurrency, Digital Banking, Pierre, Contactless Payment, Digital Payments, Event Registration, Jan Mayen


Dogecoin scammers pocketed millions by exploiting Elon Musk's 'SNL' appearance through giveaway schemes on YouTube, a report says

Elon Musk with his mother, Maye, on "Saturday Night Live." Will Heath/NBC/NBCU Photo Bank via Getty Images Con artists netted dogecoin worth $5 million through fake giveaways while Elon Musk hosted "SNL," a report says. Victims were tricked into believing they would receive twice the dogecoin they sent, it said. The report said many of the misleading YouTube videos had been taken down by Sunday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Dogecoin investors ea...
Tags: Elon Musk, Nbc, Youtube, Trends, Markets, Tesla, Fbi, Snl, Doge, Cryptocurrencies, Musk, Elon, Don, Dogecoin, Crypto Currency, Tech Insider


Mark Zuckerberg Reveals Goat Named Bitcoin but Will Zuck Kill and Eat His Crypto Creature?

Facebook CEO Mark Zuckerberg posted a photo of his two goats on Monday, and the crypto world got pretty excited after hearing the names of Zuck’s four-legged friends: Max and Bitcoin. But are Max and Bitcoin pets or something a bit darker?Read more...
Tags: Facebook, Mark Zuckerberg, Twitter, Science, Film, Cryptography, Bitcoin, The Social Network, Jack Dorsey, Cryptocurrencies, Goat, Decentralization, Digital Currencies, Max, Zuck, Human Interest


ARK Invest's Cathie Wood will join the board of a European crypto firm after personally backing the company

ARK Invest CEO Cathie Wood. ARK Invest Ark Invest CEO Cathie Wood has joined the board of European cryptocurrency platform Anum Holdings, Bloomberg reported Monday. Anum operates 21Shares AG, a specialist in exchange-traded products that Wood has personally backed. Anum is aiming to launch its first non-European ETP in the coming months, the report said. See more stories on Insider's business page. Cathie Wood, who runs the high-profile ARK Disruptive Innovation ETF, has joined the...
Tags: Germany, Trends, Markets, Bloomberg, Bitcoin, Switzerland, Crypto, Goldman Sachs, Cryptocurrencies, Wood, AG, UBS Group, Carla Mozee, Switzerland Austria, Anum, ARK Investment Management


The rotation from bitcoin into ether could point to a 2017-style correction in the crypto market, research firm says

The surge in prices for cryptocurrencies this year "has a whiff of deja vu", reminiscent of bitcoin's rally in 2017, said Vanda Research on Monday. Bitcoin's rally four years ago was followed by a correction and a jump in interest in then-lesser known cryptocurrencies like Ether. Bitcoin and Dogecoin have slumped after hitting all-time highs this year. See more stories on Insider's business page. Prices for Bitcoin and other cryptocurrencies have boomed this year, in part on grow...
Tags: US, America, Trends, Markets, Tesla, Paypal, Bitcoin, Stocks, Goldman Sachs, Electric, Cryptocurrencies, Ethereum, Gamestop, Musk, Elon Musks, CEO Elon Musk


Crypto asset manager Babel raises $40M from Tiger Global, Bertelsmann and others

Three years after its inception, crypto financial service provider Babel Finance is racking up fundings and partnerships from major institutional investors. The startup said Monday that it has closed a $40 million Series A round, with lead investors including Zoo Capital, Sequoia Capital China, Dragonfly Capital, Bertelsmann and its Asian fund BAI Capital, and Tiger Global Management. For years, traditional investors were reluctant to join the cryptocurrency fray. But in 2020, Babel noticed that...
Tags: Startups, TC, Asia, Elon Musk, Singapore, Funding, Spokesperson, Tesla, Beijing, Bitcoin, Bertelsmann, North America, Sequoia Capital, Cryptocurrencies, Cryptocurrency, Decentralization


Signalling that privacy is coming to DeFi, Sienna Network raises $11.2M for its platform

Last week we saw some major backing of the Secret Network blockchain, as significant blockchain players Arrington Capital and Blocktower Capital invested in the privacy-first smart contract platform. What this is signaling is the rise of privacy-oriented financial blockchain projects, which are crucial if “DeFi” (decentralized finance) is to have any kind of future. We have come to expect privacy in our ’normal’ financial lives, so we will expect it in the blockchain world. Today there’s a new s...
Tags: TC, Europe, Finance, Articles, Tech, Ceo, Broker, Cryptocurrencies, Ethereum, Blockchain, Sienna, Monty Munford, Distributed Computing, BlockTower Capital, The DAO, Smart Contract


Signaling that privacy is coming to DeFi, Sienna Network raises $11.2M for its platform

Last week we saw some major backing of the Secret Network blockchain, as significant blockchain players Arrington Capital and Blocktower Capital invested in the privacy-first smart contract platform. What this is signaling is the rise of privacy-oriented financial blockchain projects, which are crucial if “DeFi” (decentralized finance) is to have any kind of future. We have come to expect privacy in our “normal” financial lives, so we will expect it in the blockchain world. Today there’s a new s...
Tags: Startups, TC, Europe, Finance, Tech, Broker, Cryptocurrencies, Ethereum, Blockchain, Sienna, Monty Munford, Distributed Computing, Crypto economy, BlockTower Capital, The DAO, Smart Contract


Dogecoin’s value tumbles after Elon Musk calls the virtual currency a ‘hustle’

Price falls by as much as a third after billionaire’s comments on US comedy sketch show Saturday Night LiveThe price of dogecoin tumbled by as much as a third on Sunday, after billionaire Elon Musk, one of its biggest supporters, appeared to call the virtual currency a “hustle” while hosting Saturday Night Live.Cryptocurrency watchers had high expectations of what Tesla chief executive and crypto-enthusiast Musk, who has called himself the “Dogefather”, would say while hosting the American comed...
Tags: Business, Elon Musk, US, Tesla, World news, US news, Cryptocurrencies, Musk, Dogecoin


Mark Cuban explains why cryptocurrencies are the future, especially as the world recovers from a generational pandemic

Mark Cuban. Adam Glanzman/Getty Images Mark Cuban said cryptocurrencies are the future, especially as the world recovers from a pandemic. The billionaire outlined the two reasons why he thinks the country should shift to digital currencies. Cuban is among the high-profile crypto bulls, and is a particularly vocal backer of meme-based dogecoin. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. As the cryptocurrency market continues to skyrocket - hitting a $1 trill...
Tags: US, Dallas Mavericks, Trends, Markets, Bitcoin, Mark Cuban, Treasury, Rob Lowe, Cryptocurrencies, Ellen Degeneres, Lowe, Dogecoin, Ether, US Mint, CBDC, Adam Glanzman Getty


Mark Cuban explains why crypto is the future, especially as the world recovers from a generational pandemic

Mark Cuban. Adam Glanzman/Getty Images Mark Cuban said cryptocurrencies are the future, especially as the world recovers from a pandemic. The billionaire outlined the two reasons why he thinks the country should shift to digital currencies. Cuban is among the high-profile crypto bulls, and is a particularly vocal backer of meme-based dogecoin. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. As the cryptocurrency market continues to skyrocket - hitting a $1 trill...
Tags: US, Dallas Mavericks, Trends, Markets, Bitcoin, Mark Cuban, Treasury, Rob Lowe, Cryptocurrencies, Ellen Degeneres, Lowe, Dogecoin, Ether, US Mint, CBDC, Adam Glanzman Getty