Cryptocurrency

This week in pieces: Ethereum overtakes Bitcoin as markets thaw

This week in pieces: Ethereum overtakes Bitcoin as markets thaw

This week in parts. Illustration by Mitchell Preffer for Decrypt Companies are doing everything in their power to stay solvent through the crypto winter — freezing buybacks, laying off employees, cutting expenses, filing for bankruptcy, negotiating takeovers — but those conditions couldn’t prevent the markets to heat up over the past week. Bitcoin is up …

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Tesla dumping 75% of its bitcoin doesn't 'mean much', says world's richest crypto billionaire - Here's why

Tesla dumping 75% of its bitcoin doesn’t ‘mean much’, says world’s richest crypto billionaire – Here’s why

Binance CEO comes after news broke that electric vehicle maker Tesla has offloaded the majority of its Bitcoin (BTC) holdings. In a new interview with Fox Business, Changpeng Zhao, Director of Binance recount host Neil Cavuto, people shouldn’t read too deeply into Tesla CEO and crypto advocate Elon Musk who cashes in so heavily on …

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DOGE dips towards $0.05900 support level despite comments from Elon Musk - Reuters

DOGE dips towards $0.05900 support level despite comments from Elon Musk – Reuters

Dogecoin was down for a third consecutive session, although Elon Musk said earlier this week that Tesla still holds the token. Polygon was also down, dropping almost 10% to start the weekend, as cryptocurrencies fell back into the red on Saturday. At the time of writing, the global crypto market cap is trading down 4.81%. …

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Crypto: A Bernie Madoff-style scheme may have crushed prominent lenders

Crypto: A Bernie Madoff-style scheme may have crushed prominent lenders

An unprecedented crisis of confidence has been affecting the crypto industry for several months. To measure it, just consider the prices of cryptocurrencies, which are often attached to a platform or a project. The cryptocurrency market has lost $2 trillion in value since hitting an all-time high of $3 trillion in early November, according to …

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BNB Was the Best Market Player in the Top Ten in Q2, Bitcoin Takes Second Place - Solana Made the Worst Cryptocurrency

BNB Was the Best Market Player in the Top Ten in Q2, Bitcoin Takes Second Place – Solana Made the Worst Cryptocurrency

With the first half of the year over, statistics for the second quarter of 2022 indicate that the value of the crypto economy has fallen significantly, and crypto tokens in the top ten market positions have lost 30% to 60% in USD value over the last three months. Q2 data further shows that binance coin …

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What Bitcoin's Toxic Maximalism Means For Spectators CryptoBlog

What Bitcoin’s Toxic Maximalism Means For Spectators CryptoBlog

This is an opinion piece by Boomer, a longtime active member of the Financial Independence/Early Retirement (FIRE) movement and contributor for Bitcoin Magazine. I was recently inspired after reading Tomer Strolight’s article, “Bitcoiners Aren’t Toxic – They Have Integrity”. For context, I read it a few days after Nic Carter’s”situationreally exploded on Twitter, and the …

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elon musk

Elon Musk Criticizes Remote Work as Workers Grow Concerned About Surveillance in Metaverse Environments – Metaverse Bitcoin News

Elon Musk, CEO of Tesla and Spacex, said remote work was no longer acceptable for Tesla workers in May. According to Qatalog and GitLab, remote workers are spending more time every week trying to prove they’re online and working for their employers. But metaverse environments, a futuristic take on remote work solutions, are also raising …

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Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments

Bank Indonesia Prepares to Issue Digital Rupees as Legal Tender for Digital Payments Cryptocurrency

The central bank of Indonesia is working on issuing a wholesale digital rupee. The new currency is supposed to be the only legal tender currency for digital transactions in the country, while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept expected by the end of the year …

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US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP

US Lawmaker Urges SEC to Crack Down on Major Crypto Exchanges That Have Traded XRP – Regulation Bitcoin News

US Congressman Brad Sherman has urged the US Securities and Exchange Commission (SEC) to crack down on major cryptocurrency exchanges that traded xrp, which the regulator considers a security. “It’s easier to go after the small fish than the big fish, but the big fish that operate the major exchanges have done many, many tens …

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