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“Once-hot NFT collections tank alongside cryptocurrencies” Once-hot NFT collections, including the celebrity-backed Bored Ape Yacht Club and CryptoPunk series, have tanked alongside cryptocurrencies and the stock market, leaving many digital collectible investors deep in the hole. The Bored Ape Yacht Club series — which has been endorsed by celebrities including Tom Brady, Madonna, Jimmy Fallon…
“Elon Musk denies telling people to invest in cryptocurrency” Tesla CEO and Dogecoin enthusiast Elon Musk said on Tuesday that he “never said that people should invest in crypto[currency]” as retail investors feel the sting of the plummeting digital coins market. Despite buying and touting Dogecoin, Musk told the Qatar Economic Forum on Tuesday that…
“FTX, other crypto firms ditch sports deals as market collapses” Cryptocurrency companies poured billions of dollars into sports sponsorships in 2021 — but this year’s downturn has made the flood of cash dry up, The Post has learned. As a so-called “crypto winter” takes hold and companies look to trim costs, firms that splurged heavily…
“Bitcoin barely hits key $20K threshold, rattling investors” Bitcoin struggled to stay above the key $20,000 threshold Monday as the leading cryptocurrency weathers a prolonged selloff that has sparked fear and uncertainty among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, rose a modest 4% to $20,648 as of 11:30 a.m. ET on Monday,…
“Elon Musk still buying dogecoin despite cryptocurrency crash” Billionaire Elon Musk hasn’t abandoned his support of the meme token dogecoin despite the collapsing prices of bitcoin and other leading cryptocurrencies. The Tesla CEO indicated that he is adding to his dogecoin stake, even as other investors dump their cryptocurrency and other risky assets in response…
“Coinbase’s layoffs show growing callous side of crypto’s plummet” Let’s start with the premise that there’s never a perfect way to tell people they’re being “downsized,” a ridiculous euphemism for the dreaded corporate layoff. But there are better ways than what went down at Coinbase last week. Yes, you can break the bad news and…
“Crypto lender BlockFi struggles to raise cash, source says” Crypto lender BlockFi is struggling to raise cash despite offering to take a steep discount on its valuation, raising the risk that it could be forced into a financial restructuring, The Post has learned. The Jersey City, NJ based startup, which last fall raised $400 million…
“Elon Musk sued for $258 billion over dogecoin ‘pyramid scheme’” Elon Musk was hit with a $258 billion lawsuit that alleges the tech mogul and his high-profile companies “are engaged in a crypto pyramid scheme by way of dogecoin cryptocurrency.” In federal court papers filed in Lower Manhattan, the plaintiff, Keith Johnson, names Musk as…
“Elon Musk reacts to cryptocurrency selloff with ‘Cryptonight’” Billionaire and cryptocurrency superfan Elon Musk broke his silence on the recent collapse in digital asset prices — and responded to a meme revealing the next sector of the economy he expects to plunge. Musk reacted to the steep selloff in bitcoin, the largest cryptocurrency by market…
“Billionaire Leon Cooperman calls cryptocurrency ‘crap’” Stocks still have further to fall, billionaire investor Leon Cooperman warned on Tuesday — adding that speculative assets such as SPAC deals, cryptocurrencies and NFTs are “crap” and aren’t likely to recover anytime soon. Cooperman, the chairman and CEO of Omega Advisors, said he sees the US economy falling…