Cryptocurrency
Dogecoin jumps more than 20% after Twitter agrees to Elon Musk’s buyout deal
Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversal The price of dogecoin popped on Monday afternoon following news that Twitter has accepted Elon Musk’s buyout deal. The meme cryptocurrency jumped as much as about 27% after the announcement that Twitter will be purchased by an entity owned by […]
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Crypto exchange Kraken is set to launch in UAE as regional competition heats up
Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to be able to set up […]
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This real estate investor has a side hustle mining more than $110,000 in bitcoin every month
Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in […]
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Fintech giant Stripe jumps into crypto with a feature that lets Twitter users get paid in stablecoin
Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start […]
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Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country’s unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts. This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in […]
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Michael Saylor says investing in MicroStrategy is the closest you’ll get to a bitcoin spot ETF
MIAMI — MicroStrategy may technically be in the business of enterprise software and cloud-based services, but CEO Michael Saylor says the publicly traded company doubles as the first and only bitcoin spot exchange-traded fund in the U.S. “We’re kind of like your nonexistent spot ETF,” Saylor told CNBC on the sidelines of the Bitcoin 2022 […]
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Crypto exchange Binance removes Twitter emoji that resembled a swastika after outcry
The logo of cryptocurrency exchange Binance. STR | NurPhoto via Getty Images Cryptocurrency exchange Binance removed and redesigned an emoji on Twitter, after outcry from users who pointed out it looked like a swastika. Twitter sometimes lets brands design their own custom emojis to include in hashtags in order to promote their business. In this […]
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U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
A view of partially destroyed building in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists on April 13, 2022. Leon Klein | Anadolu Agency | Getty Images For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia as the […]
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Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple […]
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What is ‘Web3’? Here’s the vision for the future of the internet from the man who coined the phrase
Computer scientist Gavin Wood coined the term “Web 3.0” in 2014, laying out his vision for the future of the internet. The phrase, also shortened to “Web3,” has become an internet buzzword recently with high-profile technologists, including Twitter founder Jack Dorsey and Tesla CEO Elon Musk, debating the meaning of the term. Wood, who is […]
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