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Police seize record $249 million of cryptocurrency in UK

[CNN, Getty Images] (London) Almost £180 million ($249 million) in cryptocurrency has been seized by London’s Metropolitan Police — the biggest confiscation in the UK, the force said. The confiscation is thought to be one of the largest globally, the Met Police said, and comes just weeks after police confiscated £114 million ($158 million) of cryptocurrency in […]

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Crypto Price Warning: Goldman Sachs Issues Surprise Future Of Bitcoin And Ethereum Prediction

[Forbes, Getty] The explosion in bitcoin and cryptocurrency prices has catapulted digital assets into orbit this year, with the crypto market’s performance demanding Wall Street’s attention. Bitcoin’s rally, adding almost 300% to the bitcoin price over the last 12 months, has been dwarfed by ethereum, the second-largest cryptocurrency after bitcoin by value. The ethereum price has added […]

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Crypto-friendly travel site marks U.S. debut with dogecoin payment option

[CNBC] GetYourGuide began selling activities, attractions and tours in the U.S. this week.The Berlin-based travel site also will for the first time accept dogecoin as payment.The firm joins a growing list of travel companies jumping on the crypto bandwagon.Germany-based travel site GetYourGuide has debuted U.S. offerings and the ability to pay with dogecoin. German travel […]

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‘Up until yesterday, I had been a millionaire’

[CNBC, Glauber Contessoto] This 33-year-old dogecoin investor refuses to sell despite losing over $167,000 in one day Glauber Contessoto says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he’d become a millionaire — and on April 15, he did. But on Monday, the top cryptocurrencies by market value — including bitcoin, ether and […]

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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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Man Invests $20 in Obscure Cryptocurrency, Becomes Trillionaire Overnight

[Newsweek, Getty Images] When Chris Williamson put $20 into cryptocurrency Rocket Bunny, he didn’t expect to become a trillionaire overnight. The Georgia nursing school student had dabbled in cybercurrencies for around eight months and invested in the currency on Monday. On Tuesday, its value had soared to more than $1.4 trillion. “I woke up, it’s […]

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Mark Cuban says ‘banks should be scared’ of cryptocurrency-based DeFi

[CNBC, Getty Images] Billionaire investor Mark Cuban is very bullish on the future of DeFi, or decentralized finance, and DAOs, or decentralized autonomous organizations. “There are a lot of financial institutions that should be concerned,” Cuban wrote in a blog post on Sunday. For one, “banks should be scared,” he wrote. DeFi applications aim to recreate traditional financial […]

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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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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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