Tag Archives: Bitcoin

(Bloomberg) — Plans for a $1 billion Bitcoin bond in El Salvador sent the nation’s dollar-denominated bonds to an all-time low. Most Read from Bloomberg El Salvador’s dollar denominated notes due in 2050 slumped to 63.4 cents on the U.S. dollar on Tuesday, the lowest on record. The Central American country’s debt has been among the world’s worst performers so far this week as investors consider whether President Nayib Bukele’s plan to sell sovereign Bitcoin bonds closes the door on… Source link

Drilling for oil and gas and mining for bitcoin might seem like an odd couple. One is more than 150 years old. The other has existed for a little over a decade. One is a staple of industrial development, squarely grounded in the world of atoms. The other is an innovation of a digital era, financial plumbing for the world of bits. One involves sweaty outdoor work. The other involves a lot of math and abstraction inside cavernous air-conditioned data centers. If the founders of bitcoin miner JAI… Source link

(Bloomberg) — Cryptocurrencies fell on Tuesday, with Bitcoin briefly dipping below $60,000 and Ether touching its lowest level this month, in a broad-based retreat from recent record highs. Most Read from Bloomberg The largest digital token dipped as much as 8.2% to $58,661, the biggest intraday drop since Sept. 24. Second-ranked Ether tumbled more than 10%. Global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according tracker CoinGecko. “After several days… Source link

Bitcoin, ether, and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer soured the market mood. The continued strength in the dollar index likely added to bearish forces. Bitcoin was trading 4.3% lower on the day near $60,800, while ether was nursing a 5.3% loss at $4,320 at press time, according to CoinDesk data. Litecoin, binance coin, Polkadot’s DOT token, and prominent decentralized finance coins flashed bigger losses. The selling… Source link

Slowly but surely, Bitcoin (BTC-USD) is being used to purchase everyday items like coffee and cars — and now, real estate is also joining the party. The first commercial property in New York is being put on the market for digital coin. Magnum Real Estate Group is selling three retail condos complete with a fully rented-out retail bottom floor in Manhattan’s upper East side for $29 million — but will only accept Bitcoin. Located at 385 First Avenue in a new construction luxury residential… Source link

By Tom Westbrook SYDNEY (Reuters) – Bitcoin and ether made record peaks in Asia trade on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class. Bitcoin rose as high as $67,803 and ether, the second-biggest cryptocurrency by market value, hit $4,825 in early Asian hours. Both have more than doubled since June and added nearly 70% against the dollar since the start of October. “Crypto is where the fast money is at,” said Chris Weston, head of… Source link

Zaryn Dentzel, cofounder of Spanish social networking site Tuenti. Tuenti An entrepreneur told police he was tortured by masked robbers targeting his bitcoin millions, Spanish media reported. Zaryn Dentzel, cofounder of Spanish site Tuenti, was attacked at his Madrid home. He was tied, bound, and gagged before the assailants fled with his passwords. An entrepreneur has claimed to police he was tortured for hours by masked robbers who entered his home in an apparent attempt to steal millions of… Source link

Cathie Wood’s $500K Bitcoin call is already happening — how to ride the wave to half a million Cathie Wood isn’t afraid to make bold predictions. Back in early 2018, the owner of Ark Invest said Tesla shares would go from $300 to $4,000 within five years — a potential upside of around 1,200%. Yet Tesla hit the target early. This January, Tesla shares surged past the $800 mark, or $4,000 on a split-adjusted basis. Pretty astounding, but Tesla may not be Wood’s most bullish call at the… Source link

The hot demand for investment securities linked to bitcoin does not appear to be moving the U.S. Securities and Exchange Commission’s stance toward other products more directly linked to the cryptocurrency. SEC Chair Gary Gensler said he still has concerns about investor protection in the $2.5 trillion market for crypto assets. “Investors aren’t protected the way they are, whether they go into the stock or bonds markets that we’ve overseen so long,” said Gensler at Yahoo Finance’s… Source link

Cryptocurrency lending company BlockFi is partnering with investment manager Neuberger Berman to launch a series of crypto investment products, like exchange-traded funds (ETFs), which are taking the digital currency market by storm. Only weeks ago, BlockFi filed with the Securities and Exchange Commission to list its “BlockFi Bitcoin Strategy ETF,” which kicks off a 75-day regulatory approval process. As proposed, the fund will hold Bitcoin (BTC-USD) futures contracts, similar to ETFs… Source link