FTX founder Sam Bankman-Fried, once hailed as the ‘poster boy’ for crypto, faces potential bankruptcy after the company’s meltdown With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already battered by Bitcoin‘s price collapse and the recent failures of other key players. On … Read more
The meme-based cryptocurrency Dogecoin is surging after Elon Musk said in a tweet that it can now be used to buy Tesla merchandise such as the ‘Giga Texas‘ belt buckle and mini models of electric vehicles. The move, which sent Dogecoin prices as much as 20 percent higher on Friday morning, comes a month after Musk … Read more
Ownership of Bitcoin is highly concentrated, with just 0.01 percent of all holders controlling 27 percent of the cryptocurrency, a new study has found. The top 10,000 Bitcoin accounts hold 5 million Bitcoins, worth about $232 billion at current prices, according to the recent study by the National Bureau of Economic Research. This level of concentration … Read more
Why Aussies are giving each other CRYPTO for Christmas – and the digital currencies you should choose New data revealed Aussies are gifting digital money this Christmas Crypto.com surveyed 2,000 people who have bought cryptocurrency this year 26 per cent are pondering gifting crypto coins instead of cash or presents General manager Karl Mohan said … Read more
‘In New York we always go big!’ Mayor-elect Eric Adams announces he’ll take first three paychecks of his $260k salary in BITCOIN in bid to make NYC global crypto hub – two days after Miami mayor vowed to do the same Adams said on Thursday that he would take his first three paychecks in Bitcoin … Read more
Bitcoin has rebounded after a volatile session in which it fell below $30,000, recovering losses sparked a day earlier when China‘s central bank deepened a crackdown on cryptocurrencies. On Wednesday morning, Bitcoin rose as much as 17 percent, to $34,818, surging a day after hitting its lowest level since January. Bitcoin supporters said that the correction was … Read more
Minister warns Australians that cryptocurrency is ‘high risk’ after Elon Musk and China cause a Bitcoin plunge Financial Services Minister Jane Hume issued cryptocurrency investor warning Bitcoin has lost a third of its value during the past week because of Elon Musk Billionaire will no longer accept Bitcoin as payment to buy Tesla electric cars … Read more
Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency. Bitcoin rebounded on Wednesday afternoon, hitting $40,400 after sinking as low as $30,201.96 in a panicked sell-off spurred by a … Read more
Bitcoin plunges in value as China starts cryptocurrency crackdown just days after Elon Musk said Tesla would not accept digital currency China announced bitcoin will not be allowed in transactions due to fluctuations Financial institutions also warned investors against trading in cryptocurrency Elon Musk announced last week Tesla would not accept bitcoin as payment He … Read more
Elon Musk’s net worth takes a $20 BILLION nosedive after a one-two punch: Tesla no longer taking Bitcoin and the SNL appearance when he called dogecoin a ‘hustle’ The Tesla CEO is $20 billion poorer since hosting SNL last weekend Musk was worth $166 billion prior to his May 8 appearance, since then shares of … Read more
Australian man who claims he created Bitcoin takes court action to recover $5.7 billion of the cryptocurrency By Reuters Published: 07:50 BST, 13 May 2021 | Updated: 07:50 BST, 13 May 2021 An Australian computer scientist who alleges he created Bitcoin has launched court action to secure $7.25 billion of the cryptocurrency he says he … Read more
TikToker Charli D’Amelio thanks Gemini for her Bitcoin birthday gift… following star-packed party for her 17th with Addison Rae and Lil Nas X By Kelby Vera For Dailymail.com Published: 22:58 BST, 5 May 2021 | Updated: 22:58 BST, 5 May 2021 TikToker Charli D’Amelio just celebrated her 17th birthday with a VIP bash at one … Read more
Cryptocurrencies like Bitcoin are surging despite not being regulated in Australia and can now be used to buy a secondhand car. In just little more than four years, Bitcoin was soared from being worth less than $1,000 to $81,500 earlier this month. But the world’s most well-known cryptocurrency is volatile and is now worth $69,100. … Read more