A skeptic of crypto, Bailey was asked at a press conference about the rising value of cryptocurrencies. He said, as quoted by CNBC: “They have no intrinsic value. That doesn’t mean to say people don’t put value on them, because they can have extrinsic value. But they have no intrinsic …
Read More »Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores
RT’s Boom Bust talks to Octavio Marenzi of Opimas LLC about the company’s report and the role of bitcoin there. Tesla’s quarterly results are “pretty encouraging,” according to the analyst. “What is kind of weird, is this whole thing with bitcoin and a hundred million dollars of bitcoin gains added …
Read More »Bitcoin leads massive cryptocurrency market sell-off
The most popular cryptocurrency, bitcoin, fell below its key psychological threshold of $50,000 on Friday morning. As of 07:05 GMT bitcoin was down nearly 10% percent to trade at around $48,800, according to CoinDesk data. The drop has stalled bitcoin’s enormous rally, and it’s currently heading for the biggest weekly …
Read More »Cryptocurrency market now worth almost as much as Apple after market cap hits record $2 TRILLION
The value of all cryptocurrencies surpassed the $2-trillion mark on Monday evening and continued to rise after that, data from tracking website CoinGecko shows. On Tuesday morning the market capitalization of the crypto market hit an all-time peak of $2.039 trillion, before sliding to the current level of around $2.020 …
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 »Bye-bye bitcoin rally? Cryptocurrency slumps by 20 percent in worst week in almost a year
Bitcoin fell nearly 12 percent in 24 hours to trade below $45,000 on Friday, according to data from CoinDesk. By dropping to this level, the digital coin shaved over 20 percent off its price this week, which it started close to its record of $58,000, marking the worst slump since March …
Read More »Bitcoin’s HUGE daily drop sends cryptocurrency market crashing
Despite the nearly 16-percent drop, the cryptocurrency is still up around 500 percent in the past year. The decline triggered a major sell-off across cryptocurrency markets due to growing concerns over volatility, jeopardizing the jaw-dropping rally. The second-biggest cryptocurrency by market value, ether, also plunged by more than 20 percent …
Read More »Andrew Yang says he’ll make NYC a ‘cryptocurrency hub’ if elected mayor, as bitcoin shoots to record high of $48,000+
As the popular crypto shot up in value on Thursday following an announcement from BNY Mellon that it would transfer and issue bitcoin (BTC) for its institutional clients, Yang pledged to make New York a global center for digital currencies should he emerge victorious. “As mayor of NYC – the …
Read More »Andrew Yang says he’ll make NYC a ‘cryptocurrency hub’ if elected mayor, as bitcoin shoots to record high of $48,000+
As the popular crypto shot up in value on Thursday following an announcement from BNY Mellon that it would transfer and issue bitcoin (BTC) for its institutional clients, Yang pledged to make New York a global center for digital currencies should he emerge victorious. “As mayor of NYC – the …
Read More »Pornhub moves to only accept Bitcoin & other cryptocurrency after Visa/Mastercard cut ties over sexual exploitation report
If one wants to enjoy more than just the free video content on Pornhub, a major part of which the website has already deleted, they’ll need some cryptocurrency to offer up. The website’s premium service costs $9.99 a month and they are accepting a wide variety of cryptocurrency, including Bitcoin, …
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