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May 24, 2022

Bitcoin

Cryptoverse: Is the end of the bitcoin winter nigh?

Reuters
May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now......

Bitcoin Pizza Day and NFTs: Crypto players take over main strip in Davos even after market crash

CNBC
CNBC – For more and to sign up click here DAVOS, Switzerland — Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade,......

Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says

CNBC
CNBC – For more and to sign up click here Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of just over $30,000. “When you break below......

Crypto as currency: managing your financial life using digital coins

CNBC
CNBC – For more and to sign up click here Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky.  Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall......

Tether claims its stablecoin is now partially backed by non-U.S. government bonds

CNBC
CNBC – For more and to sign up click here Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.”......

Jack Dorsey outlines Block’s bitcoin-centric future at first investor day in five years: ‘No longer just a payments company’

CNBC
CNBC – For more and to sign up click here Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer want the firm to be seen as a......

Robinhood to let users hold their own crypto and NFTs as it reaches for growth beyond stock trading

CNBC
CNBC – For more and to sign up click here Robinhood is handing over the keys to some of its customers’ crypto. The trading and investing company announced Tuesday it will let users hold and custody their own cryptocurrencies and NFTs in a separate, stand-alone app. It’s the latest move......

FTX’s billionaire chief says bitcoin has no future as a payments network- FT

Reuters
Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network......

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Reuters
Bitcoin hits intra-day high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called......

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

CNBC
CNBC – For more and to sign up click here The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to......

Bitcoin bounces back above $30,000 as investors absorb fallout from Terra

CNBC
CNBC – For more and to sign up click here The logo of the Bitcoin cryptocurrency in a window of an office building in the Mitte district of Berlin, Germany, on Tuesday, Feb. 15, 2022. Krisztian Bocsi | Bloomberg | Getty Images The price of bitcoin bounced back above $30,000......

World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals

CNBC
CNBC – For more and to sign up click here Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained its peg to the dollar after more than $3......

Cryptocurrency luna crashes to $0 as UST falls further from dollar peg; bitcoin rebounds 8%

CNBC
CNBC – For more and to sign up click here Bitcoin staged a rebound on Friday, jumping above $30,000 despite the ongoing woes of stablecoin TerraUSD which has caused panic in the crypto market. The world’s largest cryptocurrency bitcoin was trading at around $30,262.85 at 4 a.m. ET on Friday,......

MicroStrategy’s bitcoin bet looks shaky as crypto market encounters turbulence

CNBC
CNBC – For more and to sign up click here Rafael Henrique | LightRocket | Getty Images MicroStrategy, the enterprise software maker that’s bet big on bitcoin over the past two years, is now underwater on its holdings of the world’s largest cryptocurrency due to the market tumble. Bitcoin traded......

The world’s biggest stablecoin has dropped below its $1 peg

CNBC
CNBC – For more and to sign up click here Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto | Getty Images Tether, the world’s largest stablecoin, broke below its $1 peg Thursday amid panic in the crypto market. The token......

Bitcoin plunges below $27,000, erases 2021 gains as cryptocurrency sell-off intensifies

CNBC
CNBC – For more and to sign up click here Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over......

Bitcoin Is Increasingly Acting Like Just Another Tech Stock

New York Times
Unlike the idealists who drove the initial enthusiasm for Bitcoin in the 2010s, these professional traders are treating the cryptocurrency as part of a larger portfolio of high-risk, high-reward tech investments. Some of them are under pressure to secure short-term returns for clients and are less ideologically committed to Bitcoin’s......

Bitcoin Is Increasingly Acting Like Just Another Tech Stock

New York Times
Unlike the idealists who drove the initial enthusiasm for Bitcoin in the 2010s, these professional traders are treating the cryptocurrency as part of a larger portfolio of high-risk, high-reward tech investments. Some of them are under pressure to secure short-term returns for clients and are less ideologically committed to Bitcoin’s......

Five U.S. states order a metaverse casino with alleged ties to Russia to halt sale of NFTs

CNBC
CNBC – For more and to sign up click here Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and......

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