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“#Elon Musk gets back on Twitter, sends Dogecoin soaring” Elon Musk broke his very brief Twitter fast Thursday with a series of early-morning tweets that drove up the price of a cryptocurrency that was created as a joke. The meme-inspired Dogecoin spiked around 3:30 a.m. after the billionaire Tesla boss fired off a string of…
“#Sham crypto exec busted for investor fraud” An executive of a pair of sham cryptocurrency companies — endorsed by action movie star Steven Seagal — was busted by the feds Monday for defrauding investors then staging his own disappearance. John DeMarr, 55, of Santa Ana, Calif., allegedly used investors’ money to buy a Porsche, jewelry…
“#Robinhood limits crypto trading as Bitcoin, Dogecoin surge” Robinhood moved to restrict users from hastily buying cryptocurrencies Friday as the prices of two popular digital coins surged. In a post on its website, Robinhood said it temporarily disabled “Instant Deposits” for cryptocurrency purchases. That means users won’t be able to buy digital currencies with money…
“#Cryptocurrency exchange Coinbase to go public via direct listing” Coinbase Global will list on the stock market via a direct listing, the US cryptocurrency exchange said in a blog post Thursday. Reuters had reported in July the company was exploring going public via a direct listing. A direct listing allows insiders to sell instantly and without…
“#Bitcoin falls more than 10 percent on fears of US crackdown” The price of bitcoin plunged more than 10 percent on Thursday amid fears of a US regulatory crackdown on the controversial cryptocurrency. Janet Yellen, President Biden’s pick to head the Treasury, gave investors the jitters when she voiced worries this week that the anonymous…
“#Man who lost password to $220M worth of bitcoin says he’s ‘made peace’” A San Francisco man who lost the password to a thumb drive with $220 million worth of bitcoin inside says he has “made peace” with the loss. Stefan Thomas has used 8 of the 10 attempts allowed by a secure thumb drive…
“#Meet the Bitcoin investors who got insanely rich off crypto” It’s the revenge of the tech nerds. “I got my first bitcoin in December 2012, as a gift,” said John Ratcliff, a video game developer who lives near Pikes Peak in Colorado. Back then, the novel token was worth a measly 13 bucks. “I sort…
“#Two NYC bars could make US history by selling for Bitcoin” A Big Apple bar owner is bowing out — and banking on Bitcoin with what could be the first cryptocurrency-only restaurant sale in the US. This week, Patrick Hughes put his side-by-side Hell’s Kitchen watering holes, Hellcat Annie’s and Scruffy Duffy’s, up for sale….
“#Jack Dorsey rails against proposed cryptocurrency rules” Tech tycoon Jack Dorsey is fighting a federal proposal that would force one of his companies to more carefully track cryptocurrency transactions. The Twitter co-founder slammed the US Financial Crimes Enforcement Network’s proposed rules in a lengthy open letter on behalf of Square, the digital payments giant that…
“#Bitcoin hits new high, edges closer to $30,000” Bitcoin hit a new all-time high on Wednesday, with the cryptocurrency creeping ever closer to the $30,000 mark. The value of one bitcoin hit a record $28,599.99 Wednesday morning, exactly two weeks after breaking through the $20,000 barrier for the first time ever. The value of the…