July 2021 / 42 posts found

Cramer ‘sold almost all’ of his bitcoin, fears China is over crypto

by crypto journalist
“Sold almost all of my bitcoin. Don’t need it,” Cramer said on “Squawk on the Street,” more than two months after he first indicated he trimmed his position and paid off a home mortgage with those profits. The price of bitcoin fell more than 6% on Monday to roughly $33,000 per token, around a two-week low. The move lower follows a report in the Communist Party-backed Global Times newspaper that said more than 90% of the country’s mining capacity is shut down after authorities in the provenience of Sichuan closed “many mines” located there. China had for years been home […]

General Motors CEO: ‘Nothing Precludes GM From Accepting Bitcoin if There’s Consumer Demand’ – News Bitcoin News

by crypto journalist
The CEO of General Motors (GM) says that nothing precludes America’s largest automaker from accepting bitcoin if there is customer demand for it. “Certainly, we want to make the whole buying and ownership experience as easy as possible,” said the GM executive. This content was originally published here.

Binance Froze When Bitcoin Crashed. Now Users Want Their Money Back. – WSJ

by crypto journalist
The world’s largest crypto exchange has no headquarters, making it difficult for disgruntled traders to complain about the May crash. This content was originally published here.

Tom Brady’s NFT Platform Inks Deal With Draftkings and Lionsgate – Bitcoin News

by crypto journalist
Tom Brady’s NFT Platform Inks Deal With Draftkings and Lionsgate On Wednesday, the non-fungible token (NFT) platform called Autograph, co-founded by the Super Bowl champion, Tom Brady, announced a strategic partnership with the companies Draftkings and Lionsgate. Draftkings Inc. also revealed on Wednesday that the publicly listed company is launching an NFT marketplace dedicated to NFT digital collectibles. Tom Brady’s Autograph Brings Star-Studded Lineup, Signs Deal With Lionsgate and Draftkings The company Autograph is an NFT platform that aims to meld iconic brands and well-known names from sports, entertainment, and culture into digital collectible experiences. The seven-time Super Bowl champion […]

Elon Musk Juices Bitcoin Price Yet Again With His Stupid Tweets

by crypto journalist
Elon Musk sent the price of bitcoin soaring Sunday night after a positive tweet about the cryptocurrency, which has tracked closely with Musk’s tweets over the past six months. The SpaceX founder also revealed his electric car company Tesla has sold roughly 10% of its bitcoin holdings. Musk, the second wealthiest person in the world, was responding to a tweet from crypto news outlet CoinTelegraph that accused the billionaire of running a pump and dump scheme when he made his latest revelations. “This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving […]

Digital dollar could push more people into bitcoin, fund manager says

by crypto journalist
A digital dollar won’t doom bitcoin, according to two cryptocurrency fund managers. As central banks around the world consider digitizing their fiat currencies, the trend could actually push more investors into crypto, Grayscale’s Michael Sonnenshein and Osprey Funds’ Greg King told CNBC this week. “That will not displace or, if anything, take market share or compete with decentralized currencies like bitcoin,” Sonnenshein, the CEO of Grayscale, said in a Monday interview on CNBC’s “ETF Edge.” “I think it all trends towards the digitization of money and something that investors and just your average person … who may not be in […]

Ray Dalio says he owns bitcoin, its ‘greatest risk is its success’

by crypto journalist
Though billionaire investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has previously expressed concern about the future of bitcoin, he has also noted that the cryptocurrency earned his respect. Now, he reveals, “I have some bitcoin,” Dalio told CoinDesk during its 2021 Consensus conference. The interview was recorded on May 6 and published Monday. But Dalio maintains that the cryptocurrency still faces risk. “Bitcoin’s greatest risk is its success,” he said. And if it succeeds, “one of the great things, I think, as a worry is the government having the capacity to control … bitcoin, or […]

Unlocking the potential of blockchain technology

by crypto journalist
The Republic of the Marshall Islands is a country of around 50,000 people spread across more than 1,000 islands in a remote part of the Pacific Ocean. The country relies heavily on cross-border finance and trade, and the complexities of that system can make it difficult for citizens to get certain goods and financial services efficiently. Now the federal government is seeking to become the first to issue a national digital currency using blockchain technology. Officials hope the move helps citizens avoid high transaction fees, simplifies compliance with international partners, and protects against inflation (the currency will have a fixed […]

Hong Kong’s Apple Daily to live on in blockchain, free of censors | Reuters

by crypto journalist
HONG KONG, June 24 (Reuters) – Hong Kong cyber activists are backing up articles by pro-democracy tabloid Apple Daily on censorship-proof blockchain platforms after the newspaper was forced to shut down as it became embroiled in a national security law crackdown. The latest drive to preserve the paper’s content comes after activists rushed to upload documentaries by local broadcaster RTHK investigating people in power after the media outlet said it would remove materials older than one year from its social media platforms. Under the national security law, the Hong Kong government can request the blocking or removal of content it […]

Bitcoin, Ether Prices Continue Falling After China Spurs Regulatory Fears – WSJ

by crypto journalist
Cryptocurrency prices extended the week’s selloff after Chinese authorities said tighter regulation was needed to protect the financial system, including taking action against bitcoin mining and trading. This content was originally published here.