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China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas

[CNBC, Getty Images] In May, Beijing called for a severe crackdown on bitcoin mining and trading, setting off what’s being dubbed in crypto circles as “the great mining migration.”Texas is an ideal destination for miners, thanks to its abundance of solar and wind power, its unregulated market, and its crypto-friendly political stance.China has long been […]

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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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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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U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers

[Reuters] The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record. Deputy Attorney General Lisa Monaco said investigators had seized 63.7 bitcoins, now valued at about $2.3 million, paid by Colonial (COLPI.UL) after last month’s […]

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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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Coinbase Gives Away $1.2 Million in Dogecoins

[GO Banking Rates, Getty] Coinbase, which listed Dogecoin on its platform earlier this week, announced it would be giving away $1.2 million in DOGE “to celebrate.” “Opt in and then buy or sell $100 in DOGE on Coinbase by 06/10/2021 for your chance to win,” the company said in a blog post about its “Dogecoin sweepstakes.” […]

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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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