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(Bloomberg) — The Elon Musk-propelled rally in Bitcoin just evaporated. The world’s largest cryptocurrency has erased all the gains it clocked up following Tesla Inc.’s Feb. 8 announcement that it would use corporate cash to buy the asset and accept it as a form of payment for its vehicles. Now traders are bracing for more pain as the token hovers around a key technical level. Bitcoin dropped to about $40,300 as of 11:05 a.m. in London Wednesday, a level last seen before the EV-maker… Source link

LONDON (Reuters) – Bitcoin tumbled below the $40,000 mark on Wednesday to a 3-1/2 month low and dragged down the prices of other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it as low as $38,514, for a 9% fall. By 0855 GMT, it had recovered to $40,627, still down 5% on the session. The… Source link

Benzinga Is the Bitcoin-Ethereum ‘Flippening’ a Likely Scenario? It has been a bad week for the crypto space. Elon Musk is widely believed to play a major role in crashing Bitcoin’s price by $12k when he tweeted that Tesla will no longer be accepting Bitcoin. He framed this backtracking as an environmental concern due to the high levels of energy consumption required in Bitcoin mining. As a result, this had a cascading effect on almost all altcoins with very few exceptions. To set the record… Source link

Jock MKT, the Stock Market App for Sports, Raises $10 Million By Andrew Cohen May 19, 2021 Jock MKT, a fantasy sports app that lets users buy and sell shares of athletes, has raised $10 million in Series A funding. The funding will be used to expand Jock MKT’s mobile app into 44 U.S. states and Canada.  New York-based Left Lane Capital led the round alongside participation from sports technology investment firm Will Ventures and Ryan Moore, a founding investor and board… Source link

Jock MKT, the Stock Market App for Sports, Raises $10 Million By Andrew Cohen May 19, 2021 Jock MKT, a fantasy sports app that lets users buy and sell shares of athletes, has raised $10 million in Series A funding. The funding will be used to expand Jock MKT’s mobile app into 44 U.S. states and Canada.  New York-based Left Lane Capital led the round alongside participation from sports technology investment firm Will Ventures and Ryan Moore, a founding investor and board… Source link

Aaron Rodgers is going to say something next week. It may not have anything to do with his standoff against the Green Bay Packers, and it may not be related to the NFL, but putting his face before a large media spotlight will mean something. For the second time since news emerged that Rodgers was upset with the Packers and didn’t want to return to the team, the quarterback will make a media appearance of sorts. First it was with NBC’s Mike Tirico at the Kentucky Derby, when Rodgers said… Source link

(Bloomberg) — Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China reiterated that digital tokens can’t be used as a form of payment. The largest token fell as much as 2.3% to $42,309 in early Asian trading Wednesday, continuing a weeklong slide sparked by Elon Musk’s back-and-forth comments on Tesla Inc.’s holdings of the coin. Ether, Dogecoin and last week’s sensation, Internet Computer, also retreated. “This is the latest chapter of China tightening… Source link

After 38 years of speaking his mind on the Dallas airwaves, Dale Hansen is calling it quits. The 72-year-old WFAA sports anchor and commentator announced on Tuesday that he’s retiring in September. He did so with a jab at a frequent subject of his criticism — the Dallas Cowboys.  “There’s an old proverb that says all good things must come to an end, and it’s true, all good things do,” Hansen said, per WFAA. “I’ve been waiting 25 years for the Cowboys to win another Super Bowl, and I… Source link

Stock futures opened lower on Tuesday, adding to losses after the three major indexes posted a second straight day of declines during the regular trading day.  Declines in the energy, industrials and financials sectors led the S&P 500 lower. Though the Nasdaq outperformed relative to the other two stock indexes, it still erased intraday gains to end in the red by market close on Tuesday.  Leadership in equity markets has see-sawed between cyclical and value stocks and technology shares, as… Source link

Bloomberg AT&T’s WarnerMedia, Discovery to Merge in Blockbuster Deal (Bloomberg) — AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network.The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.AT&T will receive $43 billion in cash, debt securities and… Source link