HONG KONG: The dollar started the week just off a 20-year high against peers on Monday, as investors sought safety due to fears about global growth while cryptocurrency markets appeared to find some stability after last week’s turmoil. The dollar index was at 104.54, having briefly crossed the 105 level...
The Bitcoin 2022 conference brought over 25,000 attendees to Miami last month to discuss the future of the world’s largest cryptocurrency. The event, which attendees have described as “extravagant” and compared to a bacchanal, featured a now-notorious keynote speech by Peter Thiel in which the venture capitalist rallied Bitcoin supporters...
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more...
The UK government has laid out plans to become a “global hub” for the crypto industry, proposing new regulations for stablecoins, a Royal Mint NFT and a suite of other measures to court digital asset companies. City minister John Glen said in a speech on Monday that the government was...
Illustration by Mitchell Preffer for Decrypt Like the rest of tech Twitter, crypto Twitter spent most of this week obsessed with Elon Musk’s will-he-or-won’t-he-buy-the-platform saga. On Monday, the microblogging giant accepted Musk’s $44 billion takeover bid. That put El Salvador’s authoritarian president, Nayib Bukkele, in a festive mood. Like Musk,...
The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest,...
Market chatter over the past few days is about Tesla, Inc. TSLA CEO Elon Musk’s $54.20 per share offer to take Twitter, Inc. TWRT private. Several high-profile investors and corporate CEOs have had thoughts on the development, and the latest to join the discussion is Ethereum ETH/USD founder Vitalik Buterin....
This week was entirely unproductive for cryptocurrency bulls as the market took a beating and Bitcoin collapsed to $40K. And yet, it appears that the entire world was focused on another exciting event – Elon Musk’s proposition to buy Twitter and take it private. First things first, the cryptocurrency market...
Twitter cofounder and Square CEO, Jack Dorsey.AP Photo/Jose Luis Magana A crypto entrepreneur is stuck with his $3 million NFT purchase of Jack Dorsey’s first tweet. He listed the NFT for sale at a price of $48 million, but the highest bid he’s received so far is about $6,800. “Someone...
Stephen Gerrits, a senior at Clemson University in South Carolina, has a part time gig with a start-up. He gets paid in cryptocurrency. “Why not take the chance or the opportunity to kind of strike it rich, get some money out of it?” said Gerrits. Gerrits says he spends about...
