Bitcoin and Ethereum aren’t the only digital currencies that are hitting record highs this week. Dogecoin, the crypocurrency that features the face of a Shiba Inu dog as its logo, has surpassed 10 cents for the first time. The virtual currency, which originally started as an internet parody more than seven years ago, has surged more than
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Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing this week. The token rose as much as 5.5% to $63,246, exceeding the previous peak in March. Cryptocurrency-exposed stocks such as Riot Blockchain Inc. and Marathon Digital Holdings Inc. also advanced. Crypto bulls are out in
Ethereum Classic (ETC) traded 13.94% higher at $17.01 in the early hours of Tuesday at press time. What Happened: The cryptocurrency, which backs a version of the Ethereum (ETH) blockchain, has risen 38.03% on a seven-day trailing period. ETH, which is now the second-largest cryptocurrency by market capitalization behind Bitcoin (BTC), traded 3.86% higher at $2,125.45 at press time. BTC traded
Peter Thiel, billionaire venture capitalist, and PayPal co-founder advised the U.S. government to consider tighter regulations on cryptocurrencies. Thiel made these comments after he expressing worry the Chinese are using bitcoin to corrode the U.S. financial system. Bitcoin boogeyman Thiel gave his more-than-skeptical sounding comments at a virtual roundtable for members of the Richard Nixon Foundation on
Free burritos or Bitcoin? Chipotle Mexican Grill has both up for grabs Thursday for National Burrito Day. The fast-casual chain announced Tuesday it will give away $100,000 in free burritos and $100,000 in Bitcoin through an interactive game. National Burrito Day is April 1 and while Mexican food chains aren’t exactly going the whole enchilada, the day
Visa said Monday that it will allow the use of cryptocurrency USD Coin to settle up transactions in its payment network, the latest indication of the growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto platform Crypto.com, and the company said it plans to
Billionaire investor Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s. ″[B]ack in the ’30s in the war years … because cash and bonds were such bad investments relative to other things, there was the movement to those
The bitcoin price could surge as high as $300,000 in the latest bull-market rally but then plunge 90% into a “winter” lasting years, the founder of the cryptocurrency exchange BTCC said. Bobby Lee told CNBC’s “Squawk Box Asia” on Monday that 2021 is a bull market for bitcoin, of the sort that comes around every three or four years.
Billionaire Elon Musk appears to be selling a recent tweet of his as an NFT, or non-fungible token. “I’m selling this song about NFTs as an NFT,” Musk, CEO of SpaceX and Tesla, tweeted on Monday. In the Twitter post, Elon released a techno song with the lyrics: “NFT for your vanity. Computers never sleep. It’s verified.
Dogecoin (CRYPTO: DOGE) will not find it easy to reach the $1 mark, even as the joke cryptocurrency attracts a celebrity fan following extending from Tesla Inc (NASDAQ: TSLA) CEO Elon Musk to Snoop Dogg. Experts have their say on the matter: Reality Bites: Kadan Stadelmann, chief technology officer at Komodo, a blockchain solutions provider said on the topic of DOGE reaching