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Dogecoin Headed To 5 Cents After Losing Crucial Support Level

[Benzinga, UnSplash] Not Even Elon Musk Can’t Save It, Says Bitcoin Bull Pseudonymous cryptocurrency analyst Tyler Durden said on social media that even Tesla Inc (NASDAQ:TSLA) CEO Elon Musk cannot save Dogecoin (CRYPTO: DOGE) from hitting a “programmed” 0.05 level. What Happened: Durden, a known Bitcoin bull,  posted a chart on Twitter and claimed that Musk’s tweets could not rescue […]

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The great crypto sell-off continues as market jitters go global

[Fortune] U.S. futures are nudging higher, but crypto is tanking. 🎵 SummertimeAnd the market’s uneasyReal rates are jumpin’And the dollar is highOh, your meme-stonk nephew’s richCrypto just ain’t that good lookin’So hushLittle babyDon’t you cry 🎵 I prefer the Coltrane version, personally. Good morning, and happy summer solstice! From Tokyo to Toronto, it’s shaping up to be another […]

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Central banks are headed toward digital currencies

[Axios] The U.S. is starting a national conversation arounda central bank digital currency (CBDC). Why it matters: Several other countries have already experimented with or released early versions of CBDCs. Such a pivot could aid underbanked populations, and help make banking and monetary policy more efficient. Driving the news: The Senate Banking Committee held a hearing on CBDC Wednesday, […]

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Crypto bull Mike Novogratz calls bitcoin plunge a ‘liquidation event,’ feels like capitulation

[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, a major cryptocurrency investor, told CNBC on Wednesday […]

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What is the Shiba Inu coin? Experts weigh in on the ‘Dogecoin killer’ hype

[Fortune, Getty] The new cryptocurrency landed on exchanges Binance and OKEx this week. The Dogecoin, a joke cryptocurrency that’s now worth serious money, confronted the threat posed by Elon Musk hosting Saturday Night Live this past weekend, and now it may be facing a challenge from an upstart puppy-themed competitor. TheShiba Inu coin, launched less than a year […]

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Mark Cuban explains why crypto is the future, especially as the world recovers from a generational pandemic

[Business Insider, Getty] Mark Cuban said cryptocurrencies are the future, especially as the world recovers from a pandemic.The billionaire outlined the two reasons why he thinks the country should shift to digital currencies.Cuban is among the high-profile crypto bulls, and is a particularly vocal backer of meme-based dogecoin.  As the cryptocurrency market continues to skyrocket — […]

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Bitcoin, Tesla, Ethereum: When should you take profits on your biggest investing winners?

[Fortune] 5 questions investors should ask about their best-performing investments. From the bottom last March, the S&P 500 went on to have its biggest price gains since 1950, rising nearly 75%.Those gains seem paltry by comparison when looking at a number of individual stocks or cryptocurrencies.Since the market bottomed on March 23, 2020, Tesla is up nearly 750%. Wayfair has risen […]

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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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Cardano’s ADA Is Now the Third-Largest Cryptocurrency by Market Cap

[Coindesk] The cryptocurrency rose to $1.30, beating out its previous all-time high set in January 2018. The native cryptocurrency of the Cardano blockchain, ADA, has broken to a fresh all-time high at $1.30 per coin. That’s good enough to become the third-largest cryptocurrency when measured by market capitalization at $169 billion. A competitor to the Ethereum […]

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Tesla buys $1.5 billion in bitcoin, plans to accept it as payment

[CNBC] Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin.The company also said it would start accepting bitcoin as a payment method for its products.CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter.Tesla announced Monday it has bought $1.5 […]

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