Cryptocurrency
EBay is entering the NFT business, with an assist from hockey legend Wayne Gretzky
The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his […]
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Christine Lagarde says crypto is worth nothing
The European Central Bank is exploring whether to issue its own digital alternative to cash. Olivier Matthys | AFP | Getty Images European Central Bank President Christine Lagarde thinks cryptocurrencies aren’t worth a dime. “My very humble assessment is that it is worth nothing,” Lagarde said of crypto in an interview with Dutch talk show […]
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Tether withdrawals top $10 billion as regulators raise alarm about stablecoins
Tether claims its dollar-pegged token is “fully backed.” Justin Tallis | Afp | Getty Images Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened regulatory scrutiny over stablecoins. Tether, the world’s largest stablecoin, has seen its circulating supply plunge from a record $84.2 billion on May 11 […]
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China’s state-backed blockchain company is set to launch its first major international project
China’s Blockchain-based Service Network (BSN) is planning a major international expansion project in August. Yuichiro Chino | Moment | Getty Images China’s state-backed blockchain company is planning its first major international expansion, its CEO told CNBC, as Beijing continues to make the technology a key priority. Blockchain-based Service Network (BSN) bills itself as a “one-stop […]
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At Gary Vaynerchuk’s ‘VeeCon’ in Minneapolis, the only way in is an NFT ticket
Those seeking evidence of the recent crypto meltdown need not look to Minneapolis — at least for the next few days. This weekend, thousands of NFT-holders are descending upon the Twin Cities for Gary Vaynerchuk’s “VeeCon” — a four-day conference bringing together business leaders, entrepreneurs and Web3 evangelists to discuss digital transformation in everything from […]
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Crypto as currency: managing your financial life using digital coins
Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky. Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins […]
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Tether claims its stablecoin is now partially backed by non-U.S. government bonds
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.” government bonds. Stablecoins are a type of cryptocurrency pegged to the value of sovereign currencies […]
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Jack Dorsey outlines Block’s bitcoin-centric future at first investor day in five years: ‘No longer just a payments company’
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer want the firm to be seen as a payments pure play. The San Francisco-based company held its first investor day in five years […]
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Bitcoin production has roared back in China thanks to an underground mining scene
By September 2021, China made up just over 22% of the total bitcoin mining market, according to Cambridge University research. Paul Ratje | The Washington Post | Getty Images Bitcoin miners aren’t giving up in China despite Beijing’s ban on the practice. China was once the world’s biggest crypto mining hub, accounting for between 65% […]
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Robinhood to let users hold their own crypto and NFTs as it reaches for growth beyond stock trading
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Robinhood is handing over the keys to some of its customers’ crypto. The trading and investing company announced […]
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