Tag Archives: Cryptocurrency

‘They will come to a bad ending’: A year since its $69K peak, Bitcoin has plummeted more than 70% — here’s why Warren Buffett has hated cryptocurrency all along It’s been a tough year for Bitcoin and its backers. And even back in 2018, the Oracle of Omaha predicted that it and other cryptocurrencies were headed for trouble. “They will come to a very bad ending,” Warren Buffett told CNBC at the time. After hitting an all-time peak of around $69,000 per unit on November 10, 2021, the world’s… Source link

Michael Saylor is perhaps one of the most fervent supporters of Bitcoin on the planet—and that’s saying something, given the almost cultlike community behind the world’s leading cryptocurrency. Saylor, an MIT graduate and the cofounder and CEO of the business intelligence firm MicroStrategy, has become a hero to the Bitcoin faithful ever since his company began stockpiling the cryptocurrency in August 2020. The CEO has gone so far as to call Bitcoin “freedom,” and “the most… Source link

If it feels like 2022 has been a little less exciting for the cryptocurrency space, your instinct may not be too far off. Judging by Google search trends, interest in cryptocurrencies have hit a short-term peak. Global interest in virtual currencies like bitcoin (BTC-USD) and ethereum (ETH-USD) are 70% below their 2021 highs, according to new data from DataTrek. Query volumes for “nft” [non-fungible tokens] are also pretty weak at 65% lower than their January 2022 highs. Peak crypto… Source link

El Salvador President Nayib Bukele during the Latin Bitcoin conference on November 20, 2021.Marvin Recinos/AFP via Getty Images El Salvador has bought 410 bitcoin for $15 million, the country’s President Nayib Bukele tweeted Friday. “Some guys are selling really cheap,” he wrote, as crypto continued to sell off. Bitcoin has plummeted over the last week and is down almost 50% from its November record high. El Salvador purchased 410 bitcoin worth $15 million as the cryptocurrency’s price plunged,… Source link

During the last ten years, we have been witnessing massive changes in the cryptocurrency sector. Bitcoin, for example, went from being an interesting experiment for a mainstream investor portfolio mainstay to a new asset class and digital gold. Bitcoin (BTC) Several factors support higher Bitcoin prices, including better acceptance by traditional companies and the rising demand from Bitcoin ETFs. Experts say Bitcoin has the possibility of topping $100,000 by the end of 2023 but some analysts… Source link

The use of cryptocurrency in Germany is increasing rapidly with Bitcoin and Ethereum being widely used in e-commerce to purchase goods. Cryptocurrencies in Germany are regularly transferred and traded and companies have invested their capital in the new digital currency. It is estimated that more than 2.1 million people – 2.62% of Germany’s total population – currently own cryptocurrency with Bitcoin as the leader. The majority of German cryptocurrency owners are in the 18-34 age group… Source link

Ray Dalio, who runs the world’s largest hedge fund, Bridgewater Associates, has been slow to embrace cryptocurrency. He volunteered during a Coindesk event in May that he “has some bitcoin,” but he also told CNBC this fall that regulators will “kill” cryptocurrency if it becomes too successful. He predicted in an interview with Yahoo Finance late last year that he didn’t think digital currencies would “succeed in the way people hoped they would,” in part because of possible government… Source link

Google found that Glupteba has infected about a million Microsoft Windows devices worldwide, which would put it among the largest botnets analyzed by security experts. In a complaint filed in federal court in New York on Tuesday, Google detailed several different crimes it alleges hackers use the botnet to perpetuate, including stealing and selling log-in information for Google accounts, and selling access to captured devices to other criminals who want to hide their Internet activity. Source link

Ethereum (ETH-USD) is defying broad underperformance in cryptocurrencies, with its recent price gains reflecting a surge of interest in smart contract platforms that are being rapidly co-opted by the nonfungible token (NFT) boom.  Amid newfound investor interest, the digital coin’s performance has even eclipsed Bitcoin’s (BTC-USD), which has languished for over a month after setting a new record high near $68,000. Currently trading around $4,400, Ethereum is the second largest… Source link

Cyberhackers are using compromised cloud accounts to mine cryptocurrency, Google has warned. Details of the mining hack are contained in a report by Google’s cybersecurity action team, which spots hacking threats against its cloud service – a remote storage system where Google stores customers’ data and files off-site – and gives advice on how to tackle them. Other threats identified by the team in its first “threat horizon” report include: Russian state hackers attempting to gain… Source link