Tag Archives: Bitcoin

Bloomberg U.S. Drops Switzerland, Vietnam Currency-Manipulator Labels (Bloomberg) — The U.S. refrained from designating any trading partner as a currency manipulator in the Biden administration’s first foreign-exchange policy report, even as Switzerland, Taiwan and Vietnam met thresholds for the label.The Treasury Department said Friday that those three economies met criteria for the manipulator label, including a large trade surplus with the U.S. But it said there was “insufficient… Source link

(Bloomberg) — Bitcoin plunged the most in more than seven weeks, just days after reaching a record. The biggest crypto coin fell 8.5% to $55,810.32 as of 2:52 p.m. in Singapore on Sunday, after declining as much as 15.1% to $51,707.51. Ether, the second-largest token, dropped almost 18% before paring losses. Several online reports attributed the plunge to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets. Bitcoin hit a record high of… Source link

InvestorPlace Ripple Could Climb Even Further After Stunning Comeback Back in December, Ripple (CCC:XRP-USD) was caught in the crosshairs of securities regulators. The price of its XRP token fell below 25 cents. It remained weak, as major exchanges like Coinbase (NASDAQ:COIN) took it off their platforms. After that, it seemed things would get only worse for this popular altcoin. Source: Shutterstock But now, things have changed dramatically. Instead of getting destroyed by the Securities and… Source link

In this article we will take a look at the 10 best crypto, bitcoin stocks to buy instead of overvalued Coinbase. You can skip our comprehensive analysis of the crypto industry and go directly to the 5 Best Crypto, Bitcoin Stocks to Buy Instead of Overvalued Coinbase. San Francisco-based cryptocurrency exchange platform Coinbase Global, Inc. (NASDAQ: COIN) went public on April 15 with a market capitalization of $86 billion. Coinbase CEO Brian Armstrong became one of the richest men in the… Source link

To those of us who have been in the industry for a long time, Dogecoin has always been an oddity: A project that has exceptional approachability and appeal to new users while lacking most of the characteristics that make cryptocurrencies useful or valuable. Created in 2013 by Jackson Palmer and Billy Markus, the project was abandoned years ago by its founders and developers, if not its fans. Until recently, it was in such a weak state that it couldn’t even power its own blockchain… Source link

Demand for cryptocurrencies in the country has been driven up recently by inflation pressures and a weaker Turkish Lira. The country’s annual inflation rose above 16% in March. Photo: Chesnot/Getty Images The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey’s central bank to ban cryptocurrencies for payments.  The Central Bank of the Republic of Turkey (CBRT) said the use of cryptocurrencies and other crypto assets based on distributed ledger… Source link

(Bloomberg) — Nasdaq Inc., an exchange that has never hosted a major direct listing, is about to try its hand on the most valuable company to go public using one.Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. While Slack Technologies Inc., Palantir Technologies Inc. and most recently Roblox Corp. all listed on the New… Source link

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, April 14, 2021 The oldest crypto critique just won’t go away.  Over the last decade, every critique in the book has been thrown at the cryptocurrency space.  But none is more pervasive than dismissing the excitement around these assets by simply saying — “It’s a bubble.” And yet, this is exactly what Bank of America’s latest global fund managers’ survey found most of the… Source link

Coinbase founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Photo: Steven Ferdman/Getty Images Bitcoin’s (BTC-USD) price reached another all-time high on Wednesday, touching $64,717.01 (£46,908.11), ahead of Coinbase’s historic stock market listing in New York. Bitcoin, which has been up and down over the last few weeks, crossed $64,000 on Wednesday and at the time of writing was 6% higher to $64,585.594. Just yesterday, it had… Source link

Bloomberg TikTok Founder’s $60 Billion Fortune Places Him Among The World’s Richest People (Bloomberg) — Just last year, the world’s most valuable startup, ByteDance Ltd., was being squeezed from all sides.The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps.For all the obstacles, ByteDance kept growing. Now its… Source link