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“#Nevada Gov. Steve Sisolak wants to build crypto-run private desert cities” Nevada, the state of legalized gambling, prostitution and marijuana, is about to add another layer to its Wild West reputation: Desert cities formed by companies and run entirely on blockchain technology. Nevada Gov. Steve Sisolak held a press conference on Friday to lay out…
“#Bitcoin heads for biggest weekly loss since March” Bitcoin’s price tumbled Friday, putting it on pace for its deepest weekly loss in nearly a year — on the heels of its equally staggering rally. The world’s biggest cryptocurrency was trading down 9.2 percent at $46,477.67 as of 8:55 a.m. after falling as low as $44,180.99…
“#SEC probe of Dogecoin tweets would be ‘awesome’” Elon Musk is ready for a rematch with the Securities and Exchange Commission. The billionaire Tesla chief appeared to welcome rumors that the agency was probing his Twitter posts about Dogecoin, his favorite meme-inspired cryptocurrency. “I hope they do! It would be awesome,” Musk tweeted Thursday, adding…
“#Fed blames ‘operational error’ that crashed Fedwire” The Federal Reserve said it is restoring services that were thrown offline Wednesday by an “operational error” that spurred outages in a dozen areas, including check clearing and Fedwire, which handles trillions of dollars in transactions daily for the world’s biggest banks. “A Federal Reserve operational error resulted…
“#Bitcoin rebounds after Square, MicroStrategy purchases” Bitcoin climbed back above the $50,000 mark Wednesday after getting another vote of confidence from major companies not named Tesla. The world’s biggest cryptocurrency recovered from its steep Tuesday plunge to trade up 4.1 percent at $50,710.12 as of 8:11 a.m. after climbing as high as $51,445.67 overnight, according…
“#Ripple cryptocurrency crashes after MoneyGram ices deal” Ripple Labs’ cryptocurrency tumbled Tuesday after MoneyGram said it paused its relationship with the tech firm while it battles the feds in court. The price of XRP — the digital coin at the center of a Securities and Exchange Commission lawsuit against Ripple — sank nearly 22 percent…
“#Bitcoin’s market value tops $1 trillion as rally continues” Bitcoin’s market value surged past the $1 trillion mark Friday as the world’s largest cryptocurrency continued its staggering rally. The milestone came as the price of a single bitcoin rose to a fresh all-time record of $54,827.69 shortly before noon, putting it up about 5.6 percent…
“#Why Reddit thinks Robinhood is the $2 billion dogecoin whale” Reddit may have unmasked the top doge. Cryptocurrency enthusiasts on the site think Robinhood — the investing app at the center of last month’s GameStop stock frenzy — is the owner of a digital wallet stuffed with nearly $2 billion in dogecoin. The account —…
“#Letitia James, SEC sue to shut down ‘fraudulent’ Coinseed crypto platform” New York Attorney General Letitia James filed suit Wednesday to shut down the cryptocurrency platform Coinseed for allegedly defrauding thousands of investors, including by charging hidden trading fees and selling “worthless” digital tokens. James said Coinseed traded cryptocurrencies such as bitcoin without registering as…
“#Single dogecoin account holds $2 billion fortune” Dogecoin may have started as a joke, but one of its holders is sitting on some serious dough. A single cryptocurrency account contains about $2 billion worth of the meme-inspired coin whose price has been pumped up by celebrities such as Elon Musk, Snoop Dogg and Gene Simmons….