He added that Beijing has tried to use the euro in the same way. Speaking at a virtual event hosted by the Richard Nixon Foundation, Thiel, who is a major investor in virtual currency ventures as well as in cryptocurrencies themselves, said that the US should consider tighter regulations on cryptos. While commenting on …
Read More »One bitcoin will be worth a Lamborghini by year’s end, and a Bugatti by 2023 – Kraken CEO
“I think I said bitcoin is going to infinity and that’s kind-of hard to comprehend, because I’m measuring it in terms of dollars,” Powell told Bloomberg, after being asked about the price prediction for the end of 2021. He offered alternative measures for valuing bitcoin, claiming that its value may …
Read More »Tesla & Bitcoin are perfect bedfellows – one’s an overhyped, risky investment likely to end in tears, and the other… is the same
Saint Elon is a social-media megastar and millennial pied piper. His vast persona and wealth have been created by internet hype, cosy government deals, insane valuations and a lack of regulatory enforcement. Musk’s Tesla shares are the most traded on any exchange in history, with nearly $43 billion worth of …
Read More »Bitcoin jumps after Musk says crypto will be accepted as payment for Tesla cars
“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” Musk wrote late Tuesday on Twitter, adding that “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.” In a follow-up tweet, the businessman announced: “You can now buy a Tesla with …
Read More »Bitcoin hits $60k record high as cryptocurrency’s rally continues
The cryptocurrency climbed more than five percent on Saturday, reaching $60,200 on Binance, the largest cryptocurrency exchange in terms of trading volume. The price surge comes as the US begins distributing checks as part of a massive $1.9 trillion stimulus package. Analysts and investors have speculated that many Americans may …
Read More »Big Brother sets sights on bitcoin: Boom Bust digs into latest move by IRS to root out unreported crypto earnings
RT’s Boom Bust is joined by the program co-host Ben Swann to explore what the move may mean for the future of digital currencies, how this crackdown will be carried out and who the revenue agency will focus on. READ MORE: Bitcoin surges toward $50,000 amid China’s latest crypto crackdown …
Read More »Bitcoin market cap tops $1 TRILLION again as its rollercoaster ride takes another upturn
Bitcoin’s price rose above $54,000 on Tuesday, marking a day-by-day growth of more than eight percent, according to data tracked by Coinbase. Its market capitalization first topped the $1 trillion milestone on February 19, holding at that level for a few days before retreating. While still hovering below its all-time-high …
Read More »Bitcoin surges toward $50,000 amid China’s latest crypto crackdown
The Chinese northern region of Inner Mongolia, the global crypto mining hotspot, is banning cryptocurrency mining. Regional authorities are expected to bar all new projects and to shut down existing activities. According to the draft plan, revealed by the Inner Mongolia Development and Reform Commission, the mining operations will be …
Read More »Bitcoin’s record rally minting thousands of crypto millionaires…at least in virtual reality
Statistics also showed there are 8,214 accounts that own bitcoins valued at more than $10 million. That is 102,076 bitcoin accounts that can call themselves diamond hands, in the parlance of Redditors who refer to investment outperformance in that way. Also, 422,104 accounts can boast bitcoin accounts valued at more …
Read More »World’s wealthiest clash over bitcoin: Gates advises to stay away, while Musk causes cryptocraze
The Microsoft co-founder, who boasts the third-largest fortune in the world and calls himself a “bitcoin skeptic,” took on the world’s most popular cryptocurrency several times this week. In one of his recent chats on the popular Clubhouse app, he pointed out that the production of bitcoin is harmful to …
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