Buck Bully
[CNN Business] Cryptocurrency prices are climbing after Russia’s ruble sank to another record low and Moscow was hit with new sanctions. As of 5:25 a.m. ET on Tuesday, bitcoin had jumped 13% over the last 24 hours to $43,163, according to cryptocurrency tracker CoinDesk. Other cryptocurrencies moved higher, too. Ethereum climbed 10% Tuesday to reach $2,878. Dogecoin […]
[Forkast, Getty] Russian soldiers surrendering to Ukraine will receive 5 million rubles worth of crypto or cash, according to Masha Efrosinina, local TV host and honorary ambassador of the United Nations Population Fund in Ukraine. Fast facts Efrosinina said in an Instagram post that surrendering soldiers of the Russian military will receive 5 […]
[CNN] Bitcoin is a pollution-creating mess. Despite efforts to make the energy-intensive mining process friendlier to the environment, it has grown significantly more reliant on fossil fuels over the past year. China’s cryptocurrency mining ban in the spring of 2021 significantly worsened Bitcoin’s environmental impact, according to a new research on […]
[CNBC] Bitcoin may not see a bull market until late 2024 or the beginning of 2025 if past price cycles are any indication, according to Du Jun, co-founder of cryptocurrency exchange Huobi. He told CNBC that bitcoin bull markets are closely tied to a process called halving, which occurs every […]
[Fortune] Maybe cryptocurrency isn’t “rat poison” after all? Those were once the words of Warren Buffett, the famous investor called the “sage of Omaha” for knowing things before the rest of the market. Now his money is saying otherwise. Specifically, his company Berkshire Hathaway has bought $1 billion worth of stock in […]
[Cointelegraph] Recent U.S. economic data could spoil the Fed’s hawkish plans for 2022.9827824:33 MARKET ANALYSIS Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the United States dollar on weaker-than-expected economic data. In detail, Bitcoin’s drop last week to below $33,000 was […]
[Fortune] Toronto-based digital artist Burnt Toast helped create the Doodles collection, which sold out in minutes. Scott Martin has been a successful artist and animator for years, designing packaging, creating commercials, and building a successful freelance career as a digital artist under the alias Burnt Toast. But it’s when he started […]
[Newsweek] If the Federal Reserve adopts a central bank digital dollar, the American government will be on a surefire path to authoritarianism. Central bank digital currencies, or CBDCs, have caught the Fed’s attention in recent months as the agency explores developing a digital dollar based on the blockchain, fueled by the meteoric […]
[CNBC, Reuters] The IMF is urging El Salvador to discontinue bitcoin’s status as legal tender. In September 2021, El Salvador became the first country to adopt the world’s biggest cryptocurrency as legal tender, alongside the U.S. dollar. The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to […]
[Forbes] Bitcoin soared through much of 2021, helped on by the likes of Tesla TSLA +1.8% and El Salvador embracing the cryptocurrency (though Tesla CEO Elon Musk is increasingly backing the meme-based dogecoin). The bitcoin price, hitting an all-time high of almost $70,000 per bitcoin in November, has since crashed back, losing around […]