Tag Archives: crypto

Kim Kardashian promoted an unknown crypto token to her followers in June. NurPhoto/Getty Images Celebrities such as Kim Kardashian are putting investors at risk by advertising crypto tokens, a UK regulator said. The chair of the Financial Conduct Authority said online influencers regularly promote crypto scams. Kardashian advertised a crypto token called ethereum max on her Instagram account in June. See more stories on Insider’s business page. The UK’s financial watchdog has said celebrities… Source link

Over the past month, the crypto market has looked like a rising tide for all coins — but data suggest growth across the asset class hasn’t been equal. Last week, Bitcoin (BTC-USD) breached $50,000 for the second time in two weeks, extending a rally that put a grim sell-off that started in May further in the rear-view mirror. While notable for its volatility, gains in the the largest cryptocurrency may have gotten lost in the swell of rising prices across the entire asset class. With a… Source link

Dogecoin (CRYPTO: DOGE) is headed for much higher highs, according to cryptocurrency market analyst Gianni Di Poce. What Happened: Speaking at the Benzinga Crypto Trading Festival, Di Poce — financial analyst and president at market research firm The Mercator — said that he “wouldn’t be surprised to see DOGE at over a buck a coin.” The market analyst explained that the coin is now forming something that resembles a bull flag or a bull pennant and that we should expect new highs if it were… Source link

Juan Mayén, a Honduran entrepreneur who’s trying to set up the country’s first crypto exchange. (Photo courtesy of Juan Mayén) Juan Mayén, a Honduran entrepreneur, just opened his country’s first crypto ATM, La Bitcoinera, earlier this week. Located in Honduras’ largest city, Tegucigalpa, inside the building where Mayén works, the ATM is one step forward in the entrepreneur’s goal of giving Hondurans access to cryptocurrency markets. Since El Salvador’s president Nayib Bukele first… Source link

Despite pulling back a bit from its all-time high earlier this year, ethereum (ETH-USD) still has a shot to hit $10,000 by year’s end, according to one analyst who has been right so far this year.  Magnetic Managing Director Megan Kaspar, who called ether’s tripling to top $3,000 back when it was still closer to $1,000 in January, told Yahoo Finance Friday that the second-largest cryptocurrency by market cap could still hit her $8,000 to $10,000 price target in 2021. “Investors are still… Source link

Robinhood’s (HOOD) revenue based on crypto transactions skyrocketed in the 2nd quarter, with more than 60% of its users trading digital currencies. However the company warned of lower revenue expectations for the third quarter. Shares fell about 5% in after hours.  “For the three months ended Sept 30, 2021, we expect seasonal headwinds and lower trading activity across the industry to result in lower revenues and considerably fewer funded accounts than in the prior quarter” read the… Source link

The crypto community — but most of all, the Bitcoin (CRYPTO: BTC) community — is pointing out the disastrous consequences of the Richard Nixon administration’s decision to take the dollar off of the gold standard in 1971, exactly 50 years ago. What Happened: The Bitcoin community caused the #wtfhappenedin1971 hashtag to go viral on Twitter Inc.(NYSE: TWTR) to attract public attention to the damage that fiat money has done to the world’s economy. A website dedicated to sharing data of the… Source link

The $600m hack saw an about turn on Wednesday morning in London. Photo: Getty Hackers have started to return part of a $610m haul of stolen cryptocurrencies, in what appears to be a stunning reversal of one of the biggest ever crypto heists. News broke on Tuesday that hackers had stolen around $610m from Poly Network, a blockchain protocol which helps link blockchains together. About $267m of ethereum (ETH-USD), $252m of Binance coin (BNB-USD) and roughly $85m in USDC tokens were taken,… Source link

Lawmakers and regulators’ increasing scrutiny of crypto markets, including the debate over the U.S. infrastructure bill’s crypto tax reporting provision, may be spooking retail investors but not institutional ones, recent blockchain data from Glassnode indicates.   These larger investors, as represented by large-value dollar transactions, fueled Bitcoin’s nearly 20% price gains since last week, the Berlin-based blockchain data firm found. A number of analysts say the trend shows that… Source link

The cryptocurrency space continues to be characterized by conversations surrounding its adoption and investment by large institutional investors. Landmark events like Coinbase’s (COIN) direct listing in April may suggest that digital currencies are beginning to break into the mainstream. According to Fidelity Digital Assets President Tom Jessop, however, there are two emerging themes that are becoming apparent about cryptocurrency. “What’s apparent are two things — this is seen as its… Source link