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“#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…
“#Elon Musk warns people to ‘invest with caution!’ before ‘SNL’ debut” Dogecoin-booster Elon Musk warned investors to be wary of cryptocurrencies ahead of his “Saturday Night Live” debut this weekend. “Cryptocurrency is promising, but please invest with caution!” the Tesla CEO tweeted early Friday morning. Musk, who has over 53 million Twitter followers, tweeted alongside…
“#Cryptocurrency Dogecoin surges ahead of Elon Musk’s SNL gig” SpaceX might not be the only thing Elon Musk has sent into the stratosphere. Dogecoin, a meme cryptocurrency that was launched as a joke in 2013, has risen more than 100 percent in the past week as Musk, an influential crypto backer, prepares to host “Saturday…
“#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…