Cryptocurrency - Page 6

Boom Market Goes Bust: Trading Volume on OpenSea NFT Marketplace Craters 99% from May Peak

Mark Cuban, the billionaire Dallas Mavericks owner and crypto enthusiast, has been extremely critical of cryptocurrency projects in recent months, calling digital land in the metaverse “the dumbest shit ever.” Cuban is an investor in Yuga Labs, which recently made $317 million in metaverse land sales.

A recent report from Bloomberg reveals that some podcast guests are paying as much as $50,000 to appear on popular podcasts.

Rep. Tom Emmer (R-MN) told Breitbart News that Bitcoin and other digital currencies can serve as a check on bad monetary policy as Americans continue to feel the brunt of record-level inflation.

El Salvador’s President Nayib Bukele told his constituents on Saturday night to stop worrying about the price of bitcoin and “enjoy life.” At Bukele’s urging, El Salvador became the first country to accept bitcoin as legal tender in June 2021.

Coinbase, the cryptocurrency exchange that spent millions of dollars on Super Bowl ads just months ago, is now laying off thousands of employees as cryptocurrency prices crash yet again. Coinbase isn’t alone in this reversal of fortune — Crypto.com is laying off staff just months after its widely mocked Super Bowl ad starring Matt Damon.

Microsoft founder Bill Gates recently discussed cryptocurrency and NFTs, stating that the asset trends are “100% based on greater fool theory.” Gates added, “I do think people get bought into these manias, who may not have as much money to spare. So I’m not bullish on bitcoin.”

In recent months, NFTs (non-fungible tokens) have become increasingly popular with many celebrities promoting their own NFTs. Now, many fans who invested in digital tokens promoted by their favorite stars are financially “crippled.” One investor believes that celebrities “took their payouts and moved on while everybody who scraped by to invest in their futures got robbed.”

The head of Europe’s ECB has claimed that crypto assets are “worth nothing”, but that a future centrally controlled digital Euro would be valuable.

As cryptocurrency continues to crash in value, Matt Damon is being mocked for starring in a commercial for Crypto.com less than a year ago.

The president of El Salvador, Nayib Bukele, announced on Monday that his nation had spent $15.3 million to purchase an additional 500 Bitcoins to add to the nation’s cryptocurrency reserves.

Billionaire investor Warren Buffett has once again lashed out at cryptocurrency and Bitcoin, stating that he wouldn’t buy “all of the Bitcoin in the world,” even if he could for the price of $25.

The parliament of the Central African Republic (CAR) passed a bill last week legalizing Bitcoin and other cryptocurrencies as official forms of currency, CAR’s presidency announced Wednesday.

A non-fungible token (NFT) of the first tweet made by former Twitter CEO Jack Dorsey originally bought for $2.9 million has reportedly failed to hold its value, with a recent top bid for the NFT reaching just $6,800. That represents a drop in value of approximately 99.8 percent based on the original purchase price.

Billionaire venture capitalist Peter Thiel recently took shots at Warren Buffett, referring to him as a “sociopathic grandpa from Omaha,” and Bitcoin’s “enemy number 1” Thiel’s fiery remarks came during a recent Bitcoin conference in Miami, Florida.

A recent report claims that tech giant Facebook (now known as Meta) is still planning on developing its own digital currency despite previous failures in the crypto space. Mark Zuckerberg and the Masters of the Universe are reportedly exploring the “least regulated way to offer a digital currency.”

The UK’s Royal Mint has been tasked by the Treasury Department to create an NFT in the latest move towards a cashless society.

Sen. Elizabeth Warren (D-MA) called for the United States government to create a Central Bank Digital Currency (CBDC).

Federal authorities have charged two men with fraud and money laundering in relation to an NFT “rug pull” scam. Two men allegedly pocketed $1.1 million from investors hoping to strike it rich in the NFT crypto gold rush, only to disappear in the money.

Teeka Tiwari, a crypto investment expert, said the Russia-Ukraine conflict will contribute to a rise in Bitcoin’s value over time.

Cryptocurrency expert Teeka Tiwari’s PickoftheDecade.com presentation helps investors understand the revolutionary blockchain technology powering the crypto market.

President Biden issued a highly anticipated executive order on cryptocurrency earlier today. The order mentions “national security” twenty times, and stresses the importance of maintaining the dominance of the U.S. dollar.

A digital dollar would be easier for the federal government of the United States to control than cash, but make it more susceptible to inflation and government controls than open-source currencies like Bitcoin.

Coinbase, one of the world’s top cryptocurrency exchanges, says it has blocked 25,000 cryptocurrency addresses linked to Russia, and released a statement saying it is “committed to complying with sanctions.”

Binance.com, the world’s largest centralized cryptocurrency exchange, has rejected calls from the Ukrainian government to blacklist Russian users, saying it would “fly in the face” of the pro-freedom values of cryptocurrency to stop ordinary users from accessing the service.

CARACAS — The socialist regime of Venezuela recently imposed a new tax on all foreign currency payments to civilians and companies. Now that the country is being held together by the once illegal and demonized U.S. dollar, the regime wants their fat slice of everyone’s money.

Bitcoin and other cryptocurrency prices plummeted after Russia attacked Ukraine on Wednesday, but have partially recovered. Bitcoin was down as much as 8 percent following Russia’s invasion, but by Thursday afternoon had recovered much of the drop.

A gunman held a hostage at the Amsterdam Apple Store demanded a ransom of €200mn in crypto before he was run over by a police car.

Hackers reportedly stole hundreds of non-fungible tokens (NFTs) from users of NFT marketplace OpenSea over the weekend, including NFTs from popular collections like Decentraland and Bored Ape Yacht Club.

Politicians in the United States and around the world condemned the Canadian government after it announced it would use anti-terrorism laws to quell a peaceful protest of its own citizens.

Cryptocurrency trading company Coinbase is attempting to reassure its customers that its platform is stable following a Super Bowl ad featuring a bouncing QR code linking to a signup page for new accounts which promptly crashed the entire website. Coinbase claims the massive response led it to “temporarily throttling our systems.”

Police are searching for two suspects who they say broke into a man’s Brooklyn home and stole what the victim says was $350,000 in watches.

A New York couple describing themselves as “serial entrepreneurs” have been arrested and charged with conspiracy to commit money laundering and to defraud the U.S. government in relation to a $4.5 billion Bitcoin heist in 2016.

A German artist hauled a 410-pound golden cube worth $11.7 million to Central Park in New York City on Wednesday. 

The International Monetary Fund (IMF) on Tuesday “urged” El Salvador’s government to rescind the legal tender status it bestowed to Bitcoin, a type of cryptocurrency, in September 2021, indicating that its failure to do so could hinder El Salvador’s intention of securing a future loan from the financial institution.

Google-owned YouTube, the largest video hosting platform in the world, may potentially branch into NFTs, according to a letter sent by CEO Susan Wojcicki to the platform’s community.