by Satavisa Pati February 27, 2022 Making money in the crypto market can now become a lot easier than before with the help of AIThe high volatility of cryptocurrencies not only increases the risks of crypto trading but also makes it more profitable than any other form of investment. Prices are subject to frequent fluctuations … Read more
As public understanding of how digital assets work becomes more nuanced along with the mainstreaming of crypto, the language of Bitcoin’s (BTC) “anonymity” gradually becomes a thing of the past. High-profile law enforcement operations such as the one that recently led to the U.S. government seizing some $3.6 billion worth of crypto are particularly instrumental … Read more
Tracking the influx of tech money into Formula 1, a racing series famous for its high costs and reputation-laundering for authoritarian governments, has been a fun game in recent years. Tech concerns, flush with capital and power, have poured money into F1 teams and F1 branding because they can afford it — and the sport … Read more
NEW YORK (AP) — A small group of cryptocurrency enthusiasts has an offer that they’re hoping U.S. cities can’t refuse.The group City Coins is asking Miami and New York to accept the equivalent of millions of dollars in a new cryptocurrency, and at least some of the money is real: Last week, Miami Mayor Francis … Read more
Text size Tesla disclosed a stake in Bitcoin in its 2020 annual report. Joe Raedle/Getty Images It turns out that Tesla knows how to do more than produce electric vehicles. It made money holding and trading Bitcoin in 2021. Tesla (ticker: TSLA) gave an update on its Bitcoin position when it filed its annual report … Read more
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future … Read more
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part … Read more
Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado RuvicRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, Jan 26 (Reuters) – Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30% from 2020, according to a report from blockchain … Read more
Brazilian financial services provider Dock plans to use cryptocurrencies to process international remittances, according to a Friday (Jan. 21) Reuters report. The company also plans to expand to Latin America and Europe. Per the report, Brazilian reais will be converted into bitcoin and then into another currency. From there, the funds will reach end users … Read more
January 12, 2022 Some people see cryptocurrencies as speculative assets with no real utility at best, a Ponzi scam at worst. For others, blockchain-based currencies represent the bright future of the financial system. Do Kwon, founder and CEO of Terraform Labs, the company behind the Terra blockchain, is firmly in the second camp. He and … Read more
Cryptocurrency exchange BitMart promised a full reimbursement to the victims of the platform-wide $200 million hack, but some users still haven’t gotten their money back, according to a report from CNBC. Hackers made off with a variety of tokens on December 4th after using a stolen privacy key to gain access to one of BitMart’s … Read more
SINGAPORE – The virtual world of crypto and the bricks-and-mortar reality of property seem to be worlds apart but entrepreneur Pang Xue Kai sees opportunity in their common trait: limited supply.Mr Pang has set his sights on land and digital assets as he believes their scarcity is a key driver of prices: “Land is getting … Read more
By Jan Lorenc, Managing Director for Europe at Banxa When El Salvador authorities decided to grant Bitcoin legal tender status, one of the driving factors behind the decision was how easy it is to do foreign remittances, which account for a major share of the nation’s GDP, with crypto. Now, Tonga, a small Polynesian kingdom, may mimic the … Read more
Thomas Peterffy took out a full-page ad in the Wall Street Journal in 2017 warning of the dangers that bitcoin futures posed to capital markets. These days, the Hungarian-born billionaire is well versed in cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth … Read more
Calvin Becerra went viral earlier this year for a less-than-ideal reason. He got bamboozled out of what he claims is some $2 million in cryptocurrency and NFTs and complained on Twitter about the incident. Scammers pretended to be interested in buying one of his NFTs in a Discord channel and tricked him by saying they … Read more
Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm. Former British Chancellor of … Read more
Hyderabad: In continuation of the ongoing probe in an investment fraud case busted in November, Rachakonda police on Friday arrested three more Nepal nationals in the city for allegedly aiding the prime accused Depu Mandal. Cops have gathered leads that the ill-gotten money was diverted to China through cryptocurrency by the accused. Rachakonda police said … Read more
“First Mover” hosts spoke with CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De for the key takeaways from the U.S. Senate Banking Committee hearing on stablecoins yesterday. Matt Leising, co-founder of DeCential and author of “Out Of The Ether,” shared his views on DAOs’ evolution and outlook and what the mainstream media gets wrong … Read more
Crypto starter packs One way to help someone dip a toe into the world of digital currency is giving them a makeshift crypto starter pack.Alex Salnikov, co-founder and head of product of NFT marketplace Rarible, said he has set up wallets for friends with the promise of then giving them an NFT on the other … Read more
Bitcoin’s reputed founder Satoshi Nakamoto anticipated such an event as this – unbridled money printing by central banks that would debase the value of all pre-existing units of currency. The US just announced its highest consumer inflation in over 30 years: 6.2%. “Around 36% of all US dollars in existence were printed between January 2020 … Read more
WASHINGTON, Nov. 09, 2021 (GLOBE NEWSWIRE) — ShopNEXT has partnered Binance Pay to launch the first shop-to-earn cryptocurrency onboarding platform. The intuitive platform can help encourage wider crypto adoption by giving users easy access to a crypto wallet and rewarding them for shopping.How does ShopNEXT work?ShopNEXT is an affiliate marketer that connects users and merchants. … Read more
Bitcoin has surged to record highs above $67,000 this year. Edward Smith/Getty Images Startup founder Michael Martocci tells WSJ that he puts 90% of his investment money into crypto. Like most rich millennials, the 26-year-old is overseeing his own wealth management. Martocci isn’t interested in playing golf with a Goldman Sachs adviser who wants his … Read more
If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, but YOLO — so make a plan … Read more
New Delhi: Scammers have discovered a new technique to steal your wallet credentials, as if the volatile nature of cryptocurrency wasn’t awful enough. Scammers copied prominent crypto wallets and platforms, such as Phantom and MetaMask, according to Check Point Research (CPR). When the victim clicked on the advertisement, they were redirected to a website that … Read more
Part one of this series examined why Bitcoin tends to be the first to move, its power to usher first-time crypto investors into the fold and how that has been shown to trigger the flow of money we are discussing in this series. (BTC is up +31% since part one was published ) Part two … Read more
One of the ANZ bank’s senior executives has told a Blockchain Australia forum that the crypto sector has grown too big to be ignored by traditional finance.The comments came a day after rival Commonwealth Bank announced that it would roll out crypto trading services for 10 digital assets via its Commbank app. The “State of … Read more
The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in the institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg’s senior commodity strategist Mike McGlone. The November edition of Bloomberg’s Crypto Outlook described 2021 … Read more
AP Photo/Rick Bowmer, FileNEW YORK (AP) — If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, … Read more
The wild west crypto market poses a real risk to the strength of the UK financial system by allowing fraudsters to conduct widespread money laundering and financial crime. That’s the warning from the City watchdog’s digital tsar, who slammed cryptocurrencies for often harming and exploiting consumers. Jessica Rusu, chief data, information and intelligence officer at … Read more
Former CFTC Chair and ‘Crypto Dad’ Chris Giancarlo Chris Giancarlo Chris Giancarlo, commonly referred to in the industry as “Crypto Dad,” served as the 13th chairman of the U.S. Commodity Futures Trading Commission (CFTC) from June 2014 to April 2019. His tenure is best known for the CFTC’s 2017 approval of the first bitcoin derivatives … Read more
The AnubisDAO project was named after the Egyptian god of death. Khym Harrison/ iStock / Getty Images Plus $60 million in ether has vanished from a fundraising effort by a cryptocurrency project, The Block reported. AnubisDAO was promoted as a protocol update for a cryptocurrency named OlympusDAO. But hours before the related token sale was … Read more
Exchange-traded fund investors are getting even more interested in cryptocurrency exposure — and the advent of things like bitcoin futures ETFs could lead to a demand explosion, one CEO says.”The stars are aligning right now for demand for crypto allocation in the advisor community when you look at 30 years of declining interest rates and … Read more
Mr. Goxx trading cryptocurrencies. @Mr_Goxx Twitch Livestream Mr. Goxx, the crypto-trading hamster that went viral last month, is starting to capitalize off his early success.Mr. Goxx’s anonymous business partner has sold NFTs to help fund a larger portfolio and upgrade the hamster’s trading rig.Since the hamster’s trading journey began in mid-June, it has outperformed the … Read more
October 24, 2021 @ 11:15 AM Have a tip for the newsroom, press release, local event listing or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and becoming a monthly subscriber.Cryptocurrency is something everyone talks about but some people don’t know a lot about it because it’s relatively new.So how are all these … Read more
Indian cryptocurrency exchanges have started reporting and blocking trading accounts, which undertake suspicious trades after government agencies raised red flags over cryptocurrencies being used for money laundering. The self-regulation comes at a time when India is yet to come out with any regulations around cryptocurrencies or the way to tax them. Industry trackers say investigators … Read more