Bitcoin
Bitcoin tumbles back to $60,000 to begin the week
A photo illustration depicting the cryptocurrency bitcoin. Jakub Porzycki | NurPhoto by using Getty Images Bitcoin ongoing its descent to $60,000 on Monday. The price of the flagship cryptocurrency was past down by far more than 4% at $61,211.00, according to Coin Metrics. Before, it fell to $60,666.30, its most affordable amount in much more […]
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From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images Months before Sam Bankman-Fried and the FTX fraud […]
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Bitcoin miners at Donald Trump’s closed-door event say he thinks bitcoin can help win AI arms race
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his presidential bid. (Photo by Eva Marie Uzcategui/Getty Images) […]
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Cryptocurrencies drop as investors await Fed selection, bitcoin dips underneath $67,000
Cryptocurrencies slumped on Tuesday as bitcoin extended its new slide and investors awaited the Federal Reserve’s next price selection. The price tag of bitcoin dropped additional than 4% to $66,475, in accordance to Coin Metrics, extending a decrease that started Friday when bitcoin retreated from the $70,000 amount. Ether fell 6.1% to $3,452.02. Cryptocurrencies broadly, […]
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Ripple launches new fund to drive blockchain innovation in Japan and South Korea
Ripple cryptocurrency is viewed in this illustration photograph taken in Krakow, Poland on June 4, 2021. (Picture Illustration by Jakub Porzycki/NurPhoto via Getty Photographs) Jakub Porzycki | Nurphoto | Getty Images Blockchain business Ripple has launched a Japan and Korea fund, aimed at driving innovation on the XRP Ledger as it carries on to increase […]
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A small bitcoin allocation makes sense regardless of your thesis on the cryptocurrency, says Fidelity
Some investors might be trying too hard to understand bitcoin and missing an investing opportunity in the process, according to an executive from Fidelity Digital Assets. Matt Horne, head of digital asset strategies at the firm’s custody and trading arm for institutional investors, said investors and advisors are busy sharpening their cryptocurrency thesis when a […]
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Bitcoin miners sink millions into AI businesses, seeking billions in return
Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey AUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that […]
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The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck […]
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Bitcoin investors see sideways trading in June as focus turns to Washington
Markets are nearing the official start of summer, but bitcoin may languish in June. The flagship cryptocurrency jumped 13% in May, according to Coin Metrics, its eighth monthly gain in the past nine months and its best month since February, when it soared 44%. That’s thanks to last week’s ether-led rally ahead of the SEC’s […]
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Binance’s ex-CEO begins prison sentence in California
Former Binance CEO Changpeng Zhao, center, departs federal court in Seattle on April 30, 2024. Jason Redmond | AFP | Getty Images Binance’s billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California. CNBC reached out to Zhao’s defense team at Latham & Watkins to confirm that the former crypto chief is […]
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