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“#Bitcoin surges 8 percent to $32K as crypto markets recover” Bitcoin surged more than 8 percent to trade above $32,000 on Wednesday, as the world’s most popular cryptocurrency rebounded from a brutal rout a day earlier. As of 1 p.m. on Wednesday, Bitcoin was trading at $32,064 — an 8.3 percent increase over the past…
“#$80B wiped off crypto market as bitcoin drops below $30K” About $80 billion has been wiped off the cryptocurrency market in the past 24 hours as bitcoin slumped below $30,000 per coin again, pressuring the price of other cryptos as well. Bitcoin fell more than 5 percent Tuesday and was last seen trading at about…
“#Bitcoin continues to slide, casting doubt as an inflation hedge as costs soar” Bitcoin, which was once touted by crypto enthusiasts and wealth managers alike as a hedge against inflation, has continued to fall in recent weeks even as new data has shown costs are soaring. On Tuesday, the Labor Department announced that its Consumer…
“#British cops seize nearly $250M in crypto tied to money laundering” British police announced Tuesday that they seized almost $250 million in cryptocurrency, making it the country’s largest such capture ever amid an ongoing investigation into international money laundering. The announcement by the Metropolitan Police’s economic crime command comes just weeks after they announced another…
“#Bitcoin trading volume sank 40 percent in June” Trading volumes at major cryptocurrency exchanges fell by more than 40 percent in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7 percent, to $2.7 trillion, with derivative volumes down 40.7 percent,…
“#Gigantic diamond sells for $12M in cryptocurrency at Sotheby’s auction” A flawless 101.38-carat diamond was sold at auction for more than $12.2 million in cryptocurrency Friday, making it the most expensive piece of jewelry ever peddled through crypto, according to Sotheby’s. The massive diamond, called “The Key 10138,” was sold in Hong Kong to an…
“#Thiel-backed crypto firm Bullish to go public in $9B SPAC deal” Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company led by ex-NYSE president Thomas Farley, in a $9 billion deal. Bullish, a unit of blockchain…
“#How business schools are dealing with the rise in cryptocurrency” Cryptocurrency courses have become a big deal in a short amount of time—much like cryptocurrencies themselves. As recently as three years ago, it still seemed disreputable for business schools to teach about Bitcoin or other electronic currencies that are secured through online databases. “At the…
“#’Seven Deadly Sins’ play is a welcome return for live theater” ‘Deadly Sins’ is deadly fun Everything’s changing. Climate. Friendships. Politicians. Prices. Masks, yes; masks, no. Now, theater. Forget inside seeing a show. Now it’s outside. I schlepped down to the Meatpacking District to sit on a bar mitzvah-type metal chair and watch actors INSIDE….
“#NFT sales volume surges to $2.5 billion in 2021 first half” LONDON — The market for non-fungible tokens (NFTs) surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data showed. An NFT is a crypto asset, representing an intangible digital item such…