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“#’$40 billion’ Robinhood app tries to vault SEC hurdles” It’s a lot of money for a stock-trading app that’s supposedly free. Robinhood is slated to launch an initial public offering before summer’s end that could value the Silicon Valley-based company at $40 billion or more, people close to the underwriting group say. That would make…
“#Crypto exchange Binance reportedly under investigation by DOJ, IRS” Binance, one of the world’s largest cryptocurrency exchanges, is under investigation by the Justice Department and Internal Revenue Service, Bloomberg News reported on Thursday, citing people with knowledge of the matter. As part of the inquiry, the officials who probe money laundering and tax offenses have…
“#Bitcoin fell about 14% after Tesla stopped accepting it as payment” Bitcoin plummeted as much as 14 percent after Tesla CEO Elon Musk said the electric car maker suspended use of the cryptocurrency as payment for its vehicles. Musk added in a tweet that Tesla would not sell any of its current bitcoin holdings, which…
“#Cryptocurrency market tanks after Tesla suspends bitcoin transactions” The global cryptocurrency market lost hundreds of billions of dollars in value after Tesla CEO Elon Musk said his company was suspending the use of bitcoin for vehicle purchases, a report said. Musk made the announcement via tweet just after 6 p.m. Wednesday, at which point the…
“#Tesla stops taking bitcoin, cites fossil fuel use in ‘mining’ cybercurrency” Tesla Inc has suspended the use of bitcoin to purchase vehicles, Chief Executive Officer Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining. Bitcoin, the world’s biggest digital currency, fell more than 7 percent…
“#CryptoPunks NFTs sell at Christie’s for $17M, double expectations” A collection of nine so-called CryptoPunks were sold at auction as non-fungible tokens for $16.9 million, roughly double what Christie’s estimated the digital art would fetch. It’s the latest sale of NFTs to bring in eye-popping valuations, piquing interest in the space. NFTs are digital assets…
“#Bitcoin rival Ethereum tops $4,000 for the first time” The crypto craze continues. Bitcoin rival ether, the second-largest cryptocurrency in the world, soared past $4,000 per coin for the first time on Monday. Ether, which is the native cryptocurrency of the Ethereum blockchain, saw its price climb more than 5 percent Monday, according to Coinbase…
“#Dogecoin took a dive during Elon Musk’s ‘SNL’ hosting gig” Elon Musk’s “Saturday Night Live” hosting gig did not send Dogecoin to the moon — instead, it slid by 21 percent during the broadcast, despite multiple mentions of the SpaceX founder’s favorite cryptocurrency. The meme currency started the day at a high of $0.73, and…
“#Billionaire Elon a ‘Musk see’ on ‘mediocre’ episode of ‘SNL’” Elon Musk hosted “Saturday Night Live” this week like a man with nothing to lose. That’s probably because his net worth is $166 billion. What’s a 90-minute-long sketch show to a man with an income greater than some countries’ defense budgets? But 49-year-old Musk had been…
“#Joe Biden puts SEC in turmoil with fed agency chairs unfilled” Gary Gensler, the new sheriff on Wall Street, has set some ambitious plans for cracking down on stock-trading shenanigans — but the sheriff will need some deputies if he wants to get the job done. As the new chairman of the Securities and Exchange…