Elon Musk and Jeff Bezos lose billions as crypto and tech stocks suffer steep falls

Elon Musk and Jeff Bezos lose billions as crypto and tech stocks suffer steep falls

Tumbling tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week.Bloomberg reports that Tesla and SpaceX founder Elon Musk lost $25.1bn, Amazon’s Jeff Bezos saw a $20bn drop in his fortune, Changpeng Zhao of Binance lost $17.7bn, and Facebook’s Mark Zuckerberg is $10.4bn … Read more

Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls

Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls

Tumbling tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week.Bloomberg reports that Tesla and SpaceX founder Elon Musk lost $25.1bn, Amazon’s Jeff Bezos saw a $20bn drop in his fortune, Changpeng Zhao of Binance lost $17.7bn, and Facebook’s Mark Zuckerberg is $10.4bn … Read more

Investors riding the NFT craze are facing billions in taxes | Crypto News

Investors riding the NFT craze are facing billions in taxes | Crypto News

The NFT market has ballooned to $44bn, Chainalysis data shows, and rules about taxing the tokens are not clear.It’s one of the hottest corners of crypto – and now the U.S. government wants its share of the profits. Investors and creators of nonfungible tokens – a market that has ballooned to $44 billion, Chainalysis data … Read more

CoinMarketCap Suffers a Seeming Hack, Falsely Driving Crypto Prices to Tens of Billions

CoinMarketCap Suffers a Seeming Hack, Falsely Driving Crypto Prices to Tens of Billions

CoinMarketCap.com, self-dubbed “the world’s most trusted cryptocurrency data authority,” was hit with a shocking cyber failure or attack that artificially inflated individual crypto coins’ values.Late Tuesday afternoon, cryptocurrency pricing aggregation site CoinMarketCap.com experienced a major hack or systems failure that artificially sent coin and token prices skyrocketing to valuations in the tens of billions of … Read more

‘Be On Guard’—Black Friday Crypto Price Crash Wipes Billions From Bitcoin, Ethereum, BNB, Solana, Cardano, XRP And Dogecoin

‘Be On Guard’—Black Friday Crypto Price Crash Wipes Billions From Bitcoin, Ethereum, BNB, Solana, Cardano, XRP And Dogecoin

Bitcoin and cryptocurrency prices have fallen sharply as the discount shopping event Black Friday kicks off, dropping along with stock markets around the world that have fallen on fresh fears over a new Covid-19 variant. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’ … Read more

U.S. Plans to Spend Billions to Increase Covid Vaccine Supplies

U.S. Plans to Spend Billions to Increase Covid Vaccine Supplies

The White House, under pressure from activists to increase the supply of coronavirus vaccines to poor nations, is prepared to invest billions of dollars to expand U.S. manufacturing capacity, with the goal of producing at least one billion doses a year beginning in the second half of 2022, two top advisers to President Biden said … Read more

Shiba whale wallets with billions hounded by crypto detectives

Shiba Inu is not the first coin to trigger concern about high ownership concentration. Initially, Bitcoin and Ethereum were highly influenced by whales whose trades could sway market prices (REUTERS)

The unlikely star of the cryptocurrency world these days is Shiba Inu, named after the same breed of dog that inspired the market’s former unlikely meme-coin darling Dogecoin.  The total market value of the token soared to more than $51 billion last week, leapfrogging over Dogecoin and putting it among the top 10 cryptocurrencies in … Read more

Bitcoin price crash sees hundreds of billions wiped from crypto market

Bitcoin price crash sees hundreds of billions wiped from crypto market

The price of bitcoin has crashed on Wednesday morning, dropping by thousands of dollars in the space of just a few minutes.The cryptocurrency fell below $59,000 following the flash crash, down more than $5,000 from the levels it was trading at earlier this week.The latest price drop comes less than a week after BTC hit … Read more