Buck Bully
[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 […]
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 […]
[Fortune] The cryptocurrency bubble has outgrown the 17th century’s Tulip Mania. China just cracked down on privately mined cryptocurrency and we saw the market for Bitcoin fall down a cliff. In an international context of economic instability due to the continuing coronavirus pandemic, skyrocketing commodity prices, and geopolitical tensions, the People’s […]
[Bloomberg, Getty] Under extreme stress, the decentralized finance system worked as designed. The cryptocurrency market means different things to different people. To many, it represents an object of naked speculation, which consumes almost all the media coverage about the space. For these people, Wednesday was a bad day, with the Bloomberg Galaxy Crypto […]
[CNBC, Getty] Mike Novogratz, a major cryptocurrency investor, told CNBC on Wednesday that bitcoin’s morning plunge feels like capitulation. The Galaxy Digital founder called it a “liquidation event.” The former hedge fund manager said a day earlier that he saw $40,000 as an attractive entry point for bitcoin buyers. Mike Novogratz, […]
[MarketWatch, Getty] Coinbase shares down over 5% Monday as crypto complex unwinds gains The air is leaking out of the crypto complex, highlighted by declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday. At last check, bitcoin BTCUSD was changing hands at $43,047.15 on CoinDesk, off nearly […]
[LA TIMES, BLOOMBERG] Elon Musk continued to whipsaw the price of bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings. Bitcoin slid below $45,000 for the first time in almost three months […]
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 […]
[Business Insider] A slew of experts gave Insider their opinion on where bitcoin stands compared to gold after the digital currency reached a $1 trillion market cap this week.Bitcoin vs. Gold As bitcoin continues its meteoric run, more investors are now reviewing the longstanding comparison between the famous cryptocurrency and […]
[Business Insider, Reuters] Bitcoin has more than doubled in less than a month, leaving analysts and investors stunned and concerned about a possible market bubble. In many ways the token’s rally in recent months is crucially different than the surge seen three years ago, as buyers now range from casual day traders […]