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

Bitcoin Daily: Kazakhstan May Lose Bitcoin Miners

Kazakhstan, bitcoin, crypto

Fidelity Digital Assets published a report on crypto trends and their possible impacts earlier this month, including musings on the adoption of crypto by world governments. The report posits that countries that embrace bitcoin might end up better off in the long run. On Monday (Jan. 17), Bitcoin.com reported that China, among other countries, has … Read more

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance – Bitcoin News

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s … Read more

Crypto Lending Yields are Attractive, But You Might Lose It All

Crypto Lending Yields are Attractive, But You Might Lose It All

Crypto lending has several perks, yet, it also has its shortcomings.Crypto lending has been under scrutiny from the Securities and Exchange Commission and state regulators. The field is fast-growing despite regulatory pressure. There are a host of ways in which crypto investors can earn interest and its equivalent. Some are steeped into the decentralized sectors, … Read more

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

SINGAPORE – About 20 police reports have been made against a Singaporean named as the chief marketing officer of a play-to-earn game that has allegedly cost local players more than $100,000 in lost cryptocurrency.The Neko Inu game rode on the play-to-earn crypto gaming craze and was launched earlier this year, allowing players to earn USDT, … Read more

Bitcoin, Ether Lose Value as Majority Crypto Prices Take a Tumble Ahead of the Weekend

Bitcoin, Ether Lose Value as Majority Crypto Prices Take a Tumble Ahead of the Weekend

Closing this week of December, the crypto market witnessed an overall slowdown. The value of Bitcoin dropped by one percent and brought the token trading value to $52,118 (roughly Rs. 39 lakh), as per Indian exchange CoinSwitch Kuber. On international exchanges including Binance and CoinMarketCap, the world’s oldest cryptocurrency is trading at around $48,348 (roughly … Read more

Opinion: This group has a lot to lose when the Covid emergency ends

Opinion: This group has a lot to lose when the Covid emergency ends

Just before leaving office in January, the Justice Department under the outgoing administration issued a memo saying that those released on home confinement through the CARES Act would need to return to prison after the Covid-19 emergency ended. Of the more than 7,500 people under home confinement, a substantial number could be forced back to … Read more