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Cryptocurrency Market

Bitcoin drops below $40,000 as global market selloff spreads to cryptocurrencies

[MarketWatch, Getty] Expected cryptocurrency ban in Russia also weighs Bitcoin prices were trading at levels not seen since August, pushing below a key support level on Friday, as a selloff of perceived riskier assets spread to cryptocurrencies. Bitcoin BTCUSD, -7.74%, the world largest crypto by market cap, slid more than 7% to $39,010, which took it below the […]

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New York Mayor Adams to receive first paycheck in cryptocurrency

[Reuters] New York City Mayor Eric Adams on Thursday said his first paycheck, to arrive on Friday, will be automatically converted into cryptocurrency via Coinbase Global Inc (COIN.O). The salary will be converted to ethereum and bitcoin, the statement added. The mayor last year said he would take his first three paychecks in bitcoin and signaled his intention […]

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Crypto.com Suspends Withdrawals After ‘Unauthorized Activity’

[Bloomberg, Getty] Crypto traders report suspicious transactions on the platformCrypto.com customers will have to reset security measuresCrypto.com said it stopped all deposits and withdrawals while it investigates “unauthorized activity” on some accounts.  The crypto wallet provider and trading platform said in a Twitter post that the measure was temporary to allow it improve security and […]

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Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related

[CNBC, Shark Tank] Billionaire Mark Cuban is mostly investing in cryptocurrency nowadays. “The investments I’m making now are not in traditional businesses,” Cuban said on a recent episode of “The Problem With Jon Stewart” podcast. In fact, “80% of the investments that I make that are not on ‘Shark Tank’ are in or around cryptocurrencies.” One type […]

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Crypto.com Will Run Its First Super Bowl Ad Amid Marketing Blitz

[Wallstreet Journal] The cryptocurrency platform is seeking to become a top consumer brand with sponsorships, ad pushes and a big naming rights deal Singapore-based cryptocurrency platform Crypto.com will run its first Super Bowl commercial in February as it seeks to become a household name. It is the latest in a string of moves from Crypto.com […]

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Staples Center to become Crypto.com Arena in reported $700 million naming rights deal

[ESPN News] LOS ANGELES — Staples Center is getting a new name. Starting Christmas Day, it will be Crypto.com Arena. The downtown Los Angeles home of the NBA’s Lakers and Clippers, the NHL’s Kings and the WNBA’s Sparks will change its name after 22 years of operation, arena owner AEG announced Tuesday night. Crypto.com is paying $700 million, according to multiple reports, […]

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A Legendary Billionaire Market-Maker Issued A Serious Bitcoin Price Warning—And A Bold Ethereum Prediction

[Forbes, Getty Images] Bitcoin and ethereum have rocketed to fresh all-time highs this week, propelling the combined crypto market to around $3 trillion. The bitcoin price has since fallen back slightly, dropping toward $60,000 per bitcoin, while ethereum has also retreated from highs of near $5,000 per ether. Bitcoin’s market capitalization is currently around double ethereum’s […]

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Did Shiba Inu Just Land Its First Major Merchant?

This global company may soon incorporate SHIB tokens as a form of payment. [The Motley Fool, Getty Images] Dating back multiple generations, no investment vehicle has been a more proven wealth-builder than the stock market. Since the beginning of 1980, the average annual total return (i.e., including dividends) of the broad-based S&P 500 is over 11%, which […]

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The House passed the bipartisan infrastructure bill⁠—here’s how crypto investors will be impacted

[CNBC, Twenty/20] The House passed the $1.2 trillion bipartisan infrastructure bill late Friday. Now, it’s off to President Joe Biden’s desk to be signed. The legislation includes tax reporting provisions that apply to digital assets like cryptocurrency and nonfungible tokens, or NFTs. There are two potential ways crypto investors will be impacted. Here’s a look at each. […]

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‘Ethereum Killers,’ Metaverse Tokens Seen as Next Millionaire Makers

[Nasdaq, Adobe] After surging nearly 12,000% in the past year, Solana and Polygon – dubbed ‘Ethereum killers’ as they are faster and cheaper than the world’s second-largest cryptocurrency – have stolen headlines this year. And the party is just getting started with the fast-growing networks and a slew of rivals poised to see even bigger […]

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