Posts filtered by tags: Digital Currencies[x]


 

Digital currencies could boost economic growth in developing countries where more than 50% of adults don't have a bank account, BofA says

Jose Cabezas/Reuters Digital currencies could boost economic growth in developing countries, though adoption won't be without risks, Bank of America said. The firm said digital currencies could reduce transaction costs and allow more economic activities in emerging market economies. However, BofA warns that the rise of digital currencies could lead to inflation and dollarization. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Digital currencies could boost...
Tags: Digital, US, Trends, Markets, Bank Of America, El Salvador, Bank Of International Settlements, Digital Currencies, EMEA, BofA, Jose Cabezas, Reuters Digital, Bank of America In, CBDC, David Hauner, Central Bank Digital Currency


Elon Musk Juices Bitcoin Price Yet Again with His Stupid Tweets

Elon Musk sent the price of bitcoin soaring Sunday night after a positive tweet about the cryptocurrency, which has tracked closely with Musk’s tweets over the past six months. The SpaceX founder also revealed his electric car company Tesla has sold roughly 10% of its bitcoin holdings.Read more...
Tags: Spacex, Elon Musk, Science, Technology, Tesla, Bitcoin, Price, Cryptocurrencies, Musk, Coindesk, Digital Currencies, Businesspeople, Tesla Inc, Payment Systems, Cryptocurrency Bubble, Criticism Of Tesla Inc


Miami's Bitcoin Conference May Be the Latest Covid-19 Super Spreader Event

Several crypto fans that descended on Miami, Florida, last weekend for the largest bitcoin conference in history are now saying they’ve tested positive for covid-19. Read more...
Tags: Health, Science, Articles, Bitcoin, Miami, Cryptocurrencies, Pandemics, Digital Currencies, Epidemiology, Miami Florida, Global Health, Luke Martin, Health Medical Pharma, Larry Cermak, Superspreading Event


Chinese Authorities Arrest Over 1,100 People in Crypto Crime Crackdown

Chinese authorities are upping their crackdown on all things crypto by arresting more than 1,100 people suspected of using these digital tokens for money laundering. The news comes courtesy of a Wednesday Wechat post from China’s Ministry of Public Security, which oversees law enforcement throughout the country. Read more...
Tags: Science, Crime, China, Fraud, Software, Bitcoin, Xi Jinping, WeChat, Cryptocurrencies, Blockchains, Money Laundering, Digital Currencies, Ministry of Public Security, Bitcoin Network, Payment Systems


El Salvador Becomes First Country to Recognize Bitcoin as Currency

El Salvador has become the first country in the world to recognize the cryptocurrency bitcoin as legal currency, according to President Nayib Bukele in a tweet on Wednesday. Citizens will be able to pay taxes in bitcoin and, perhaps most importantly for bitcoin diehards, bitcoin won’t be subject to capital gains taxes…Read more...
Tags: Spacex, Elon Musk, Science, Money, Tesla, Cryptography, Bitcoin, El Salvador, Cryptocurrencies, Coindesk, Digital Currencies, NAYIB BUKELE, Payment Systems, Legality Of Bitcoin By Country Or Territory, Economics Of Bitcoin, The Electric Car Company


El Salvador Is Set to Become the First Country to Adopt Bitcoin as Legal Tender

El Salvador may soon become the first sovereign nation in the world to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced Saturday.Read more...
Tags: Science, Articles, Cryptography, Bitcoin, El Salvador, Cryptocurrencies, Blockchain, Decentralization, Lightning Network, Digital Currencies, NAYIB BUKELE, Jack Mallers, Payment Systems, Legality Of Bitcoin By Country Or Territory, Economics Of Bitcoin, Salvadorian


Square Will Invest $5 Million to Build an Open-Source, Solar-Powered Bitcoin Mining Facility

Square, the digital payments firm led by Twitter CEO Jack Dorsey, is teaming up with blockchain technology provider Blockstream Mining to build an open-source, solar-powered bitcoin mining facility at one of Blockstream’s U.S. sites. Read more...
Tags: Twitter, Elon Musk, Science, Environment, Articles, Tesla, Bitcoin, Solar Power, Sustainable Energy, Jack Dorsey, Cryptocurrencies, Carbon Footprint, Blockstream, Blockchain, Decentralization, Digital Currencies


In search of a new crypto deity

Hello friends, and welcome back to Week in Review! Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page , and follow my tweets @lucasmtny . The Big Thing Elon has worn out his welcome among the crypto illuminati, and the acolytes of Bitcoin are searching out a new emperor god king. This weekend, thousands of crypto acolytes and...
Tags: TC, Facebook, Twitter, Spotify, Spacex, Elon Musk, Technology, Supreme Court, Steve Jobs, India, Nigeria, US, Tech, Tesla, Ceo, Bitcoin


Iran Bans Crypto Mining After Months of Blackouts

Iran banned bitcoin mining this week, after four months of continuous blackouts partially due to what officials say is a huge energy suck from illegal mining.Read more...
Tags: Science, Environment, Iran, Cryptography, Bitcoin, Currency, Hassan Rouhani, Cryptocurrencies, Blockchains, Ethereum, Decentralization, Digital Currencies, Miner, Proof Of Work, Payment Systems, Legality Of Bitcoin By Country Or Territory


British Cops Thought They Were Raiding a Weed Farm, But Found Bitcoin Instead

A group of UK officers who thought they were going to bust up a massive cannabis farm found something completely different behind the doors of a local warehouse: a regular, legal, bitcoin mine. Read more...
Tags: UK, Science, Cryptography, Bitcoin, Currency, Cryptocurrencies, Blockchains, Decentralization, Digital Currencies, Bitcoin Network, Jennifer Griffin, Payment Systems


The use of central bank digital currencies would fuel demand for other crypto assets, study shows

A woman photographs 'Dollar Sign', a 1981 art piece by Andy Warhol. Mary Turner/Getty Images The establishment of digital currencies by central banks would encourage wider demand for crypto assets, according to a study by the Economist Intelligence Unit. 59% of study respondents held that view of influence by central banks on digital assets. China is running a pilot digital program and the Fed has stepped up efforts around a digital dollar. See more stories on Insider's bus...
Tags: UK, Sweden, China, Digital, US, Trends, Markets, Bitcoin, Federal Reserve, Bahamas, Economist Intelligence Unit, Digital Currencies, Fed, Jerome Powell, Carla Mozee, EIU


Crypto Investors Scheme to Gain Control of Tesla as Bitcoin Markets Tank

The cryptocurrency market has taken a major dive, as it does. Now a band of traders has decided to form the people’s coin, appropriately named StopElon, to Stop Elon Musk from wielding intractable control over the market with his tweets. Much like China. And Mark Cuban. And volatile economies. And major financial…Read more...
Tags: Elon Musk, Science, China, Tesla, Cryptography, Bitcoin, Mark Cuban, Cryptocurrencies, Coinbase, Litecoin, Digital Currencies, Daniel, Dogecoin, Business Finance, Binance, Payment Systems


3 ways digital currencies backed by central banks could benefit the global economy, according to Fitch

Photo by Chesnot/Getty Images) Fitch Ratings details three ways central bank digital currencies could benefit the global economy. These possible benefits include societal digitalization, new policies, and crime reduction. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Widespread adoption of digital currencies backed by central banks could benefit the global economy in multiple ways. In a research report released Monday, Fitch detailed three advantages of central...
Tags: China, US, Trends, Markets, Norway, Cryptocurrencies, Digital Currencies, Fed, Fitch Ratings, Fitch, Eric Rosengren, CBDC, Central Bank Digital Currency, Isabelle Lee, MI Exclusive, CBDCs


The crypto market has lost 23% of its value in just the last 5 days

Getty Images AsiaPac The market capitalization of global cryptocurrencies has dropped by 23% in just the last five days, according to data on CoinMarketCap. The Bitcoin has fallen roughly 35% since hitting all-time high in mid-April as comments. Tesla CEO Elon Musk has been responsible for recent swings in the cryptocurrency as he laments the amount of energy used to mine. See more stories on Insider's business page. The value of the cryptocurrency market has slid by 23% in just the l...
Tags: Elon Musk, US, Trends, Markets, Tesla, Bitcoin, Cryptocurrencies, Ethereum, Btc, Musk, Digital Currencies, Moya, Tesla CEO Elon Musk, Solana, Coinmarketcap, Dogecoin


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


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


Fed's Rosengren Says Important to Understand Trade-Offs of Digital Currencies

(Reuters) - The Federal Reserve is exploring the technology that would be required to establish a central bank digital currency, but more research...
Tags: Federal Reserve, Digital Currencies, Fed, Reuters, Rosengren


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


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


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


New Bill Would Ban Bitcoin Mining Across New York State for Three Years

A new bill that hit the New York state senate on Monday is aiming to put a multi-year pause on crypto mining operations across the state until authorities can fully suss out what that mining is doing to the climate and local environment. Bill 6486 is being spearheaded by state Sen. Kevin Parker, who had previously…Read more...
Tags: Elon Musk, New York, Science, Environment, Cryptography, Bitcoin, Currency, Bill, Jack Dorsey, Andrew Cuomo, Cryptocurrencies, Carbon Footprint, New York State, Decentralization, Digital Currencies, Kevin Parker


Concept App That Pays You Bitcoin to Name-Drop Brands Is the Future and You Know It

Companies swear up and down that they aren’t using smartphone apps to eavesdrop on our conversations and serve up hyper-focused ads. But this distressing concept app called SayPal, which tips users in Bitcoin every time they mention a brand, demonstrates that it’s probably not going to be very long before that’s…Read more...
Tags: Science, Tesla, Paypal, Software, Bitcoin, Currency, Cryptocurrencies, Yo, Digital Currencies, Elliptic Curve Cryptography, Matt Reed, Payment Systems, Technology Internet


Central bank digital currencies could be the future of finance. Goldman Sachs analysts break down how they might work

Representation of Bitcoin cryptocurrency is seen in this illustration photo Getty Images Central banks around the world are testing digital currencies, in what could be a major shift. Goldman analysts broke down the state of play with digital currencies on Tuesday. They stressed that central banks want to avoid hurting the commercial lending sector. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Central banks around the world are racing to test and launch their o...
Tags: Sweden, China, US, Trends, Markets, Goldman Sachs, Federal Reserve, Cryptocurrencies, Goldman, Bahamas, Digital Currencies, Fed, Harry Robertson, Cambodia China, CBDC, Laura Nicolae


Bitcoin house in San Francisco to auction 75-year NFT leases

San Francisco-based startup co-living space 20Mission will launch the first-ever auction of spaces as non-fungible tokens starting on May 5th, the company announced on Thursday.
Tags: Startups, San Francisco, Radio, Bitcoin, Luxury, Auction, Rentals, Digital Currencies, NFT, Select, News Brief, NFTS, Co-living, Property Portfolio, Theme Months, Second Homes and Investment Properties


EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random, or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many US or Asia-based operations. Thus it is that Berlin-based digital asset custody and financial services platform Finoa, has closed a $22 million Series A funding round, to do just that. The round was led by Balderton Capital, alongside ex...
Tags: TC, Asia, Europe, Balderton Capital, Berlin, US, Articles, Tech, Eu, European Union, Bitcoin, United States, Crypto, Cryptocurrencies, Coinbase, Blockchain


UK Court Agrees to Hear Copyright Lawsuit Brought by Self-Proclaimed Bitcoin Inventor

Many people have claimed to be Satoshi Nakamoto, the anonymous creator or creators behind the digital cryptocurrency bitcoin, over the years. Now London’s High Court has agreed to hear out one of the most vocal (and disputed) claimants to the pseudonym in a lawsuit over alleged copyright infringement, according to a …Read more...
Tags: UK, Science, Paypal, Cryptography, Bitcoin, Currency, Cryptocurrencies, Blockchains, Coinbase, Satoshi Nakamoto, Mastercard, Digital Currencies, Craig Steven Wright, Craig Wright, Nakamoto, Payment Systems


Jack Dorsey Claims Bitcoin 'Incentivizes Renewable Energy' Despite All Evidence to the Contrary

Earth Day is prime time for brands and people to promote their pre-existing products to the masses, swaddled up in a green package. So perhaps it’s no surprise that area shaman Jack Dorsey and meme enthusiast Elon Musk are pumping bitcoin, a cryptocurrency both men hold and that their respective companies invest…Read more...
Tags: Elon Musk, Science, Environment, Articles, Renewable Energy, Cryptography, Bitcoin, Square, Jesus, Jack Dorsey, Cryptocurrencies, Digital Currencies, Elliptic Curve Cryptography, Payment Systems, Cathie Wood, ARK Invest


Jack and Elon Are Promoting Bitcoin on Earth Day for Some Reason (It Makes Them Richer)

Earth Day is prime time for brands and people to promote their pre-existing products to the masses, swaddled up in a green package. So perhaps it’s no surprise that area shaman Jack Dorsey and meme enthusiast Elon Musk are pumping bitcoin, a cryptocurrency both men hold and that their respective companies invest…Read more...
Tags: Elon Musk, Science, Environment, Articles, Renewable Energy, Cryptography, Bitcoin, Square, Jesus, Jack Dorsey, Jack, Cryptocurrencies, Digital Currencies, Elliptic Curve Cryptography, Payment Systems, Cathie Wood


Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its ‘DeFi Robinhood’

Back in December last year Injective Protocol, launched the testnet for its DeFi protocols for cross-chain derivatives trading, with backing from giant crypto exchange Binance. It has now raised $10 million in a “party” funding round. Participating in the round was Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), CMS, and QCP Capital. Billionaire NBA team owner and Shark Tank judge Mark Cuban has also made a strategic investment into Injective, according to my s...
Tags: Apple, TC, Europe, Tech, Ceo, Mark Cuban, Nba, National Basketball Association, Cryptocurrencies, Ethereum, Robinhood, Stanford University, Gamestop, Shark Tank, Digital Currencies, Pantera Capital


Crypto Market Plummets Following Week of Coinbase-fueled Hype

After cryptocurrency prices soared this week amid hype leading up to Coinbase’s direct listing, the market took a nosedive over the weekend. Bitcoin prices tanked by roughly 14% in 24 hours, from $61,530 to $52,829, the token’s biggest one-day drop since February, before rebounding slightly, according to the…Read more...
Tags: Science, Cryptography, Bitcoin, Cryptocurrencies, Ethereum, Coinbase, Digital Currencies, Dogecoin, Business Finance, Payment Systems, Antoni Trenchev, Economics Of Bitcoin, Cryptocurrency Bubble, Crypto Market Plummets Following Week of Coinbase