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$250 Billion In Value As Evergrande Turmoil Pummels Bitcoin, Ethereum And Other Major Cryptocurrencies

[Forbes, Getty Images] TOPLINE Cryptocurrency prices plunged Monday morning during a widespread market sell-off sparked by concerns of a potentially catastrophic debt default in China, pushing many of the world’s largest digital currencies to their lowest levels in more than a month. KEY FACTS The value of the world’s cryptocurrencies plunged to a low of […]

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Shiba Inu Fans Sign Petition for Robinhood Listing As Crypto Drops 75% This Month

[Newsweek, Getty] Enthusiasts of the Shiba Inu cryptocurrency token are continuing to sign a petition calling on trading platform Robinhood to adopt the meme coin. The petition was created during the token’s rapid price rise around two weeks ago. The price has since plummeted, down just under 50 percent over the past seven days at […]

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A crypto crash wiped out $1 trillion this week. Here’s what happened

New York (CNN Business) Wild, stomach-churning moments are part of the experience when you buy a ticket to the crypto circus. But the past week’s volatility was enough to make some of the crypto faithful wonder whether they’ve been bamboozled. On Wednesday, a broad crypto crash wiped out about $1 trillion in market value — a staggering […]

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Chipotle is giving away $100,000 in bitcoin

New York (CNN Business)Chipotle is jumping into the bitcoin craze. Sort of. No, the chain isn’t accepting the cryptocurrency as payment for its Mexican dishes. Instead, Chipotle is giving away $100,000 worth of bitcoin on Thursday to celebrate National Burrito Day. The contest marks the first time a US restaurant chain has given away bitcoin, according to Chipotle. […]

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Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs

[Business Insider, Getty Images] Marathon Patent Group announced the purchase 4,812.66 BTC on Monday.The transaction, handled by NYDIG, was worth $150 million.By the end of the first quarter of 2022, bitcoin miner Marathon expects to own and operate over 100,000 bitcoin miners.Cryptocurrency miner Marathon Patent Group announced on Monday it purchased $150 million of bitcoin after the cryptocurrency fell […]

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Bitcoin Approaches Highest Level Since Post-Bubble Crash in 2018

[Bloomberg] Largest cryptocurrency has surged almost 30% in OctoberJPM Coin said to be used soon for the first time by a customerBitcoin is approaching levels not seen since just after the burst of the cryptocurrency market bubble almost three years ago. The biggest digital token by market value rose as much as 4.8% to $13,638 […]

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PayPal’s New Service Is A $50 Billion Stimulus Check For Bitcoin

[Forbes, Getty Images] OBSERVATIONS FROM THE FINTECH SNARK TANK PayPal announced that it has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable PayPal to launch a new service that will enable its customers to: Buy, hold, and sell cryptocurrency (initially Bitcoin, Ethereum, Bitcoin Cash, […]

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A Former Goldman Sachs Hedge Fund Chief Has Predicted Bitcoin Is About To Surge To $1 Million—Here’s Why

[Forbes, Getty Images] Bitcoin has found fresh support this year, bolstered by growing disquiet among investors over central bank and government stimulus measures. The bitcoin price, up around 50% since January to $11,400 per bitcoin, has rallied in line with equity markets since a coronavirus-induced crash in March. Now, after the bitcoin and cryptocurrency community was set […]

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Bitcoin Is Braced For A Near-$1 Billion Shock This Week

[Forbes] Almost half of nearly $2 billion worth of bitcoin options to expire—something that could bring a fresh wave of volatility. Bitcoin traders and investors are braced foralmost $1 billion worth of options to expire this week.GETTY IMAGESBitcoin open interest, effectively traders betting on what they expect the price of bitcoin to be, has climbed to […]

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Coronavirus Is Shaping Up To Be Very Bad For Banks—But Not For Bitcoin

[Forbes] The coronavirus pandemic has turned the established status quo on its head with many businesses and industries still reeling. The world’s biggest banks have seen their valuations plummet, with billionaire investor Warren Buffett bailing out of long-held bank stocks this year—and joining many other investors in betting on gold (though the Oracle of Omaha is still not […]

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