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Cryptocurrency Market

Mark Cuban says ‘banks should be scared’ of cryptocurrency-based DeFi

[CNBC, Getty Images] Billionaire investor Mark Cuban is very bullish on the future of DeFi, or decentralized finance, and DAOs, or decentralized autonomous organizations. “There are a lot of financial institutions that should be concerned,” Cuban wrote in a blog post on Sunday. For one, “banks should be scared,” he wrote. DeFi applications aim to recreate traditional financial […]

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Iconic ‘Doge’ meme NFT breaks record, selling for $4 million

[NBC NEWS, GETTY] The meme of an excited Shiba Inu named Kabosu is officially the most expensive meme NFT ever sold. “Doge,” the image of an excited-looking Shiba Inu considered one of the internet’s most iconic and renown memes, has sold as a nonfungible token, or NFT, for $4 million, making it the most expensive […]

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Here’s why cryptocurrency crashes on weekends

[CNBC, Getty Images] Investors may trade cryptocurrency outside of the work week, allowing for after-hours price swings.Fluctuations happen on weekends due to less volume, margin trading and other factors, experts say. Weekend drops may have significant effects as regulators weigh long-term plans for digital currency.Cryptocurrency is known for volatility and some experts say crashes tend to […]

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Millennial millionaires have a large share of their wealth in crypto, CNBC survey says

[CNBC] Nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies, according to the CNBC Millionaire Survey.The results highlight a new generational divide in wealth creation from crypto, with younger investors able to earn vast fortunes from the surge in the prices of bitcoin, ether and other digital currencies.The importance of […]

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Hacking bitcoin wallets with quantum computers could happen – but cryptographers are racing to build a workaround

[CNBC, Intel] Within a decade, quantum computing is expected to be able to hack into cell phones, bank accounts, email addresses and bitcoin wallets.“The National Institute of Science and Technology (NIST) has been working on a new standard for encryption for the future that’s quantum proof,” said Fred Thiel, CEO of cryptocurrency mining specialist Marathon […]

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Ditch Dogecoin: These Stocks Are Screaming Buys in June

[The Motley Fool, Getty Images] Unlike the “people’s currency,” these companies offer tangible growth that can make investors rich. Stocks have been a wealth-creating machine for more than a century. Over the very long term, the stock market has averaged an annual return, with dividend reinvestment, of about 7%. That may not sound like much, […]

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Cryptocurrency trading is stopping people from looking for full-time jobs: CareerBuilder CEO

[Yahoo! Finance, Shutterstock] The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead […]

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Bitcoin ‘Is A Helluva Drug’—Elon Musk Tweet Storm Boosts Dogecoin And Adult Industry Crypto Price

[Forbes, Getty Images] Elon Musk, the Tesla TSLA chief executive who’s developed a controversial relationship with the bitcoin community over recent months, is again creating waves in cryptocurrency markets. Musk took to his preferred platform, Twitter, to comment on the Bitcoin 2021 conference currently underway in Miami, Florida. … is a helluva drug 🤣🤣— Elon Musk (@elonmusk) June […]

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The future of cryptocurrencies? 60% of central banks already work on their own digital currencies

[Entrepreneur, DepositPhotos] After the majority of central banks rejected the concept of cryptocurrencies for various reasons, from security issues to implications in the monetary system, now many of these institutes are very interested in creating their own digital currency. Specifically, 60% of the world’s largest central banks are conducting experiments or proofs of concept to make a […]

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Coinbase Pro opens up to dogecoin after cryptocurrency’s 6,000% gain this year

[CNBC | Bloomberg | Getty Images] Starting Tuesday, Coinbase Pro will accept inbound transfers of dogecoin.Trading will begin on or after 9 a.m. PT Thursday June 3, if liquidity conditions are met.Coinbase (COIN) is finally getting into dogecoin. Starting Tuesday, the crypto exchange is offering its Pro users the option to trade dogecoin, a cryptocurrency that was […]

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