bitcoin / 383 posts found

Bitcoin Flash Crash: Coinbase IPO, Musk on SNL Were Bubble Tells – Bloomberg

by crypto journalist
To get John Authers’ newsletter delivered directly to your inbox, sign up here. Bitcoin Goes a Bit Crazy Fiat currencies are never this exciting. Bitcoin set its most recent high, of just under $65,000, on April 14. After that it had steadily given ground, and that became a headlong crash in the early hours of Wednesday morning. By 9 a.m. New York time, bitcoin hit $30,016 — a fall of almost 54% in five weeks. Over the next four hours, it rallied almost 36%. At the time of writing, the price is $39,000.  It was quite a ride: When I tweeted a version of […]

Bitcoin Drops Amid Weibo Crypto Suspensions, Goldman CIO Survey – Bloomberg

by crypto journalist
Bitcoin and most other top cryptocurrencies fell on Sunday on concerns that there may be a further crackdown on the industry in China and as a report from Goldman Sachs Group Inc. served as a reminder that institutional adoption may be a long process. Bitcoin and many others in the top 30 cryptocurrencies excluding stablecoins declined in the past 24 hours as of 12:20 p.m. in London on Sunday, according to pricing data from CoinGecko, though No. 2 Ether was slightly higher. Chinese social-media service Weibo suspended some crypto-related accounts — when trying to view them, a message comes up […]

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high | Reuters

by crypto journalist
BTC, ETH jump to the top of recent ranges as shorts squeezed BTC strongest since June, ETH at three-week peak Talk of Amazon acceptance, big investor remarks a help – brokers HONG KONG/SINGAPORE, July 26 (Reuters) – Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose as far as 12.5% to hit $39,850, its highest since mid-June during the Asia session, while ether hit a three-week […]

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.

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 […]

Elon Musk: Tesla Immediately Suspending All Bitcoin Car Purchases

by crypto journalist
Change of Heart Tesla CEO Elon Musk dropped a huge surprise on both his electric carmaker and the world of cryptocurrency this evening, announcing that Tesla has stopped accepting payments for car purchases in Bitcoin. The change of heart, Musk said in the post, is because of the cryptocurrency’s significant environmental toll — a topic that’s picked up increasing criticism in recent months. “Tesla has suspended vehicle purchases using Bitcoin,” he wrote on Twitter. “We are concerned abut rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Environmental […]

Moneygram Lets Customers Buy and Sell Bitcoin With Cash at 12,000 Locations – Featured Bitcoin News

by crypto journalist
Moneygram Lets Customers Buy and Sell Bitcoin With Cash at 12,000 Locations Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration “will bring bitcoin to thousands of new point-of-sale locations in the U.S. with plans to expand to select international markets in the second half of 2021,” the companies say. Bitcoin at Moneygram Locations Moneygram International Inc. and Coinme, a licensed crypto-to-cash exchange in the U.S., announced Wednesday the “launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.” A global […]

Colonial Pipeline hackers received $90 million in bitcoin before shutting down

by crypto journalist
DarkSide, the hacker group behind the recent Colonial Pipeline ransomware attack, received a total of $90 million in bitcoin ransom payments before shutting down last week, according to fresh research. Colonial Pipeline was hit with a devastating cyberattack earlier this month that forced the company to shut down approximately 5,500 miles of pipeline, crippling gas delivery systems in southeastern states. The FBI blamed the attack on DarkSide, a cybercriminal gang believed to be based in Eastern Europe, and Colonial reportedly paid a $5 million ransom to the group.  DarkSide operates what’s known as a “ransomware as a service” business model, meaning the hackers […]

EtherLite (ETL) Token Is Now Listed on Bitcoin.com Exchange – Press release Bitcoin News

by crypto journalist
EtherLite (ETL) Token Is Now Listed on Bitcoin.com Exchange press release PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of ETL, being available to trade on the 19th July 2021 at 16:00 UTC. ETL was created by the EtherLite team, as the utility token for their borderless, decentralized network with validators and community members from all around the world. ETL will start trading with USDT and ETH pairs. What is EtherLite? EtherLite uses a proof-of-stake (PoS) consensus model as it seeks to pick off where its much larger peer, Ethereum, leaves off. In fact, EtherLite is a hard […]