Tag Archives: Cryptocurrency

Names like bitcoin (BTC-USD), dogecoin (DOGE-USD), ethereum (ETH-USD), and litecoin (LITE-USD) are entrenching themselves in the financial and cultural lexicon.  But most people are not ready to take the cryptocurrency plunge, a new poll suggests. A YouGov survey of 1,715 U.S. adults, conducted exclusively for Yahoo, found that 89% of respondents had heard of bitcoin and a clear majority (57%) of those who were aware would not invest in any cryptocurrency. (The poll, conducted July 13-15,… Source link

Authorities in Malaysia have destroyed 1,069 cryptocurrency rigs after they were confiscated in raids earlier this year. A steamroller was used to crush the hardware in the city of Sarawak, after the electric utility company of the Malaysian province accused the mining operators of stealing electricity for their activities. The operators allegedly stole RM8.4 million ($2-million) worth of energy from the company. Authorities say the operation was scattered across four locations and six… Source link

Anthony Di Iorio will be severing his major ties to the cryptocurrency industry and selling his current venture Decentral to start a philanthropic foundation in the next year, the Ethereum co-founder told CoinDesk in a phone interview. “I’m a crypto guy and I don’t want to be known as a crypto person,” he said. “I want to be known as a problem solver.” Concerns about his personal security figured “a good 20%” into his decision, he said. Related: Vitalik Buterin Is Involved in a… Source link

By Gertrude Chavez-Dreyfuss (Reuters) – Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company (SPAC), in a $9 billion deal. Bullish, a unit of blockchain software company Block.one, plans to launch a regulated crypto exchange later this year. The company is backed by billionaire entrepreneur Peter Thiel’s Thiel Capital and Founders Fund, British hedge fund… Source link

Nigel Kinrade/NKP/Motorsport Images/Shutterstock / Nigel Kinrade/NKP/Motorsport Images/Shutterstock Baby Doge, a “new crypto birthed by fans of the Doge Coin online community,” is making its NASCAR debut Saturday, as the coin’s branding will be featured on driver Brandon Brown’s No. 68 Chevrolet Camaro. See: Visa Crypto-Linked Cards Have Amassed $1 Billion in Spending so Far this Year, Company Launches New Card with BlockFiFind: Is the Shiba Inu Coin the Cryptocurrency You Should Be… Source link

Keeping a tough stance on cryptocurrencies, China has issued an order to crack down on crypto mining operations in Sichuan’s southwest province, Reuters reported. What Happened: On Friday, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau ordered cryptocurrency mining projects closed in the major mining center. The Commission demanded the closure of 26 suspected cryptocurrency mining projects by Sunday in the province. The authorities… Source link

In this article, we discuss the 10 best cryptocurrency startups to watch. If you want to skip our detailed analysis of these startups, go directly to the 5 Best Cryptocurrency Startups to Watch. Cryptocurrencies have exploded in value from humble beginnings in 2009 when Bitcoin, the most popular cryptocurrency in the world today that touched a market capitalization of more than $1 trillion towards the end of February, was created and launched as the first decentralized cryptocurrency. Since… Source link

The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead staying home trading Bitcoin and other cryptocurrencies.  “They’re pulling back on the hours they’re looking to work based on what’s… Source link

Former US president Donald Trump said he doesn’t like bitcoin ‘because it’s another currency competing against the dollar.’ Photo: AP Cryptocurrencies continue a bout of volatility as they plunged on Tuesday morning, after former US president Donald Trump said bitcoin was a “scam”. “Bitcoin, it just seems like a scam,” he told Fox Business. “I don’t like it because it’s another currency competing against the dollar… I want the dollar to be the currency of the world. That’s what… 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