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“#Sotheby’s to accept bitcoin, Ethereum in Banksy auction” Sotheby’s is jumping in on the crypto craze. The 277-year-old luxury auction house said it will accept bitcoin and ether, the digital token of the Ethereum blockchain, for payment in its auction next week of Banksy’s “Love is in The Air” masterpiece. Sotheby’s said in a statement…
“#Tesla’s bitcoin gambit gave it $100M boost in first quarter” Tesla’s foray into the cryptocurrency market made it quite a bit of coin, the company announced. The electric carmaker’s first-quarter earnings released late Monday revealed that it sold some of the $1.5 billion worth of bitcoin that it purchased in February, giving the company a $101 million bump…
“#Bitcoin, cryptocurrencies rebound after brutal week of losses” Bitcoin and other cryptocurrencies rose Monday morning, recovering some losses after a brutal week that saw the digital currency market lose hundreds of billions of dollars. Bitcoin was up more than 8 percent Monday at $53,720, according to Coinbase data. That restores Bitcoin’s market cap to about…
“#New federal regulations could spur cryptocurrency crash” Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting into them one way or another. But keep asking questions, and they’ll tell you something else, too: the market is ripe for a crash. The crypto crash, according to top executives I’ve recently spoken with,…
“#Bitcoin drops below $50K as Biden eyes capital gains tax hike” Bitcoin investors are nursing their losses amid reports that President Biden is planning to raise capital gains taxes on the richest Americans. The volatile cryptocurrency’s price plunged nearly 10 percent on Friday to just above the $49,000 mark, hitting its lowest level since early…
“#Dogecoin hits new high boosted by DogeDay hashtags” Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam. Dogecoin ultimately fell 15.4 percent to 33 cents, but during the session…
“#Venmo will now let customers buy and sell cryptocurrencies” Mobile payment app, Venmo will now let customers buy and sell bitcoin and other cryptocurrencies, marking the latest effort to make digital tokens more mainstream. The Paypal-owned Venmo said starting Tuesday it will display a new feature on its app that will let users buy four…
“#Robinhood slammed over crypto outage during Dogecoin surge” Robinhood traders slammed the investing app after its cryptocurrency platform suffered a major outage right in the middle of Dogecoin’s record-setting rally. Robinhood said its crypto trading service started going haywire by 10 p.m. Thursday — just as the price of the meme-inspired currency started spiking. The…
“#Dogecoin jumps again to double record rally price” Dogecoin has doubled from its Wednesday morning rally to reach prices of more than $0.30 Thursday night. The dog meme-inspired cryptocurrency — that began as a joke — is up 400 percent over the past week, according to Coindesk. The surge came a day after Wednesday’s stock…
“#How Coinbase CEO Brian Armstrong weathered clash over BLM” Coinbase’s landmark stock listing has made billionaire CEO Brian Armstrong an instant icon of the cryptocurrency revolution — but his last major turn in the spotlight came from a dustup over the Black Lives Matter movement. While the crypto exchange’s 38-year-old co-founder reportedly keeps a low…