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“# SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’ ” Tesla’s tag game with Bitcoin (BTC) might have triggered a race in the corporate world to invest in crypto, however, SoftBank still prefers to take a more cautious approach. Answering questions at SoftBank’s earnings news conference, SoftBank CEO Masayoshi Son admitted that…
“# Bitwise launches US ‘crypto ETF’… sort of ” Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF. Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital assets that the U.S. Securities and Exchange Commission takes great delight in shooting down, Bitwise’s new…
“# Backlash to Elon Musk’s Bitcoin bombshell as traders start to buy the dip ” With Tesla’s suspension of Bitcoin payments causing chaos in crypto markets today, critics have targeted CEO Elon Musk’s cavalier attitude to the dramatic effects his words and actions can have on the sector. On May 13, Tesla and Musk announced…
“# Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence ” The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu (SHIB), Dogelon Mars (ELON) and Akita Inu (AKITA) on the market and donated the…
“# When all-time high? Bitcoin traders lose confidence as BTC price slumps ” Bitcoin’s (BTC) recent price action has disappointed most investors, especially when one considers that the total altcoin market capitalization rallied 24% in nine days to reach a $1.35 trillion all-time high on May 9. Bitcoin’s 62% accumulated gain in 2021 has BTC…
“# IRS will seize your crypto if you can’t pay back taxes ” The United States Internal Revenue Agency is prepared to seize the holdings of cryptocurrency owners who are struggling to pay their unpaid tax debts, sending a strong signal that the agency is treating digital assets the same as any other type of…
“# Dog day afternoon as Vitalik dumps multiple memecoins in the name of charity ” The dog-themed race up the cryptocurrency charts came to an abrupt halt on May 12 as a majority of the previously hot meme tokens including Shiba Inu (SHIB) and Dogelon Mars (ELON) saw their prices drop more than 40% with…
“# Vitalik Buterin says Uniswap should become an oracle token ” Uniswap’s native UNI token can greatly enhance its utility by becoming a pricing oracle for stablecoins, according to Ethereum co-founder Vitalik Buterin. In a proposal submitted to Uniswap’s governance platform, Buterin said that a successful decentralized finance, or DeFi, ecosystem relies on a “highly secure…
“# MoneyGram to allow retail Bitcoin buying in the US ” Crypto adoption among mainstream payment service companies continues to grow, with MoneyGram set to join the list. In a release issued on Wednesday, the global payment service announced a partnership with crypto exchange and Bitcoin (BTC) ATM operator Coinme Inc., to allow United States…
“# Goldman Sachs exec reportedly quits job after making Dogecoin fortune ” A senior manager at banking giant Goldman Sachs in London has reportedly left the company after making a fortune on a meme-based cryptocurrency, Dogecoin (DOGE). Aziz McMahon, a former managing director and head of emerging market sales at Goldman Sachs, had resigned from…