THE CHANGING FORTUNES OF THE WORLD’S RICHEST The founders of Tesla, Oracle and Airbnb lost billions of dollars this week amid surging market volatility and continued pressure on tech stocks. D espite several days of declines, stock indices finished the week slightly higher, offsetting some of this month’s widespread losses. But the market’s troubles look…
Share to FacebookShare to TwitterShare to LinkedinBitcoin and cryptocurrency prices have crashed over the past week with around $1.4 trillion wiped from the combined crypto market—and sparking warnings of a new “crypto winter.” Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin…
Share to FacebookShare to TwitterShare to LinkedinTopline The prices of bitcoin and ether fell to six-month lows Monday morning, continuing a sell-off of major cryptocurrencies that has dashed more than $1 trillion in value from the market since November. Bitcoin’s value was down on Monday. Getty Images Key Facts The price of bitcoin, which makes…
Buy your fries or your Chicken McNuggets with cryptocurrencies? Fans of Dogecoin, which features the image of the Shiba Inu dog as its logo and namesake, are pressuring the fast food giant to allow them to use their favorite currency to pay for their purchases in its restaurants. And they might win. It all started…
Coinbase Global (COIN) wants to be seen as something other than an exchange primarily offering the ability to buy and sell cryptocurrency. Unfortunately for the platform – the largest in the U.S. and most commonly used in the U.K. – its future seems for the moment linked to that of crypto. Its stock is one of…
Share to FacebookShare to TwitterShare to LinkedinTopline Bitcoin fell below $35,000 Saturday morning to its lowest level since July as a selloff continues in which the cryptocurrency has fallen almost 50% since its record high in November. A Bitcoin image hangs on the wall during the North American Bitcoin Conference held at the James L…
Bitcoin’s price has gone from $32,983 on Jan. 22, 2021 to $35,811 on the morning of the same day one year later. In the year between, however, the price dipped below $30,000 in July and climbed above $69,000 as recently as Nov. 10. On a five-year basis, things look a lot better for Bitcoin investors…
What crypto crash? While the rapid skid of crypto value has caused panic on social media and Wall Street, billionaire Michael Saylor seems to have kept his cool. He won’t sell his bitcoin. He doesn’t want his company MicroStrategy (MSTR) – Get MicroStrategy Incorporated Class A Report to let go of its almost $5 billion bitcoin…
Share to FacebookShare to TwitterShare to LinkedinTopline El Salvador, the first country to adopt bitcoin as legal tender, purchased 410 bitcoin for $15 million Friday with the currency trading at its lowest point in six months, President Nayib Bukele announced on Twitter. Salvadoran President Nayib Bukele speaks during the inauguration of the ISA World Surfing…
The entire country of El Salvador is riding the cryptocurrency wave, even in its choppiest waters. The first country in the world to adopt bitcoin as legal tender, the Central American nation just “bought the dip” once again and acquired 410 bitcoin (roughly $14.8 million USD), its president tweeted Friday. “I think I might have…
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