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Keyword: crypto

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  • Man Invests $20 in Obscure Cryptocurrency, Becomes Trillionaire Overnight, at Least Temporarily

    06/19/2021 10:01:58 AM PDT · by lowbridge · 41 replies
    Newsweek ^ | June 18, 2021 | JACK DUTTON 
    When Chris Williamson put $20 into cryptocurrency Rocket Bunny, he didn't expect to become a trillionaire overnight. Yet, temporarily at least, that appeared to be what happened.Williamson said that when he tried to move the currency into another wallet to withdraw, it wasn't showing the same price, so he contacted Coinbase. The student from Manchester, Georgia, then rushed onto the Coinbase cryptocurrency trading app, barely believing what he was seeing. Coinbase replied with a short answer saying it was looking into the issue, and tried to contact Rocket Bunny but never heard anything back. "So, that's when I'm like, 'Okay,...
  • Authority of Texas State-Chartered Banks to Provide Virtual CurrencyCustody Services to Customers

    06/12/2021 3:35:21 PM PDT · by Norski · 12 replies
    Texas Department of Banking ^ | June 10, 2021 | Staff
    "This notice affirms that Texas state-chartered banks may provide customers with virtual currency custody services, so long as the bank has adequate protocols in place to effectively manage the risks and comply with applicable law. While custody and safekeeping of virtual currencies will necessarily differ from that associated with more traditional assets, the Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists pursuant to Texas Finance Code § 32.001. . . " " . .Virtual currency is an electronic representation of value intended to be used as a medium of...
  • List of all Cryptocurrencies

    06/06/2021 12:16:50 PM PDT · by Robert DeLong · 38 replies
    Coinmarket cap ^ | ???? | Coinmarket cap
    This is a list of all cryptocurrencies, what their costs are per coin, what they have done + or - in value, in the last hour, last 24 hours, and last 7 days.
  • World’s Largest Meat Supplier Crippled by Cyberattack

    06/01/2021 5:01:27 PM PDT · by Enlightened1 · 48 replies
    Breitbart ^ | 06/01/21 | Lucas Nolan
    A major cyberattack has reportedly crippled the world’s largest meat processing company, JBS. The company reports an “organized cybersecurity attack” has severely hampered its operations in the U.S. and Australia.NBC News reports that thousands of meat workers in Australia are out of work for a second day this week after a cyberattack has crippled the largest meat supplier in the world, JBS. The company is also Australia’s largest meat and food processing company with 47 facilities across the country including abattoirs, feedlots, and meat processing sites. JBS employs around 1,100 people.JBS USA said in a statement from Greeley, Colorado, on...
  • Endure

    05/22/2021 11:55:24 AM PDT · by Jedediah · 8 replies
    I see your breakthrough coming your way, Its clear as a mirage on a sunny day, The Lord of The Breakthrough arriving very soon, Like a Tsunami wave pulling the water from a lagoon, Your life's prophecy about to come true, All of My Blessings overtaking you, Dressing you in My Virtue, Holy, Pure sanctified by Me, My glory in you is what the enemy sees, Now as My sword and shield you shall go, Removing darkness and woe, Taking back the stolen redeeming time, Restoring all that is mine, You are My heart light bright and pure, Push through...
  • Musk Tweets He Supports Crypto in Battle Against Fiat Currencies

    05/22/2021 6:39:24 AM PDT · by rajesh0540 · 38 replies
    RecentlyHeard ^ | 22/5/2021 | Rajesh
    Elon Musk is tweeting about blockchain and cryptocurrency again, and this time he is adamant about where he stands. In a thread started by Musk compared magic to computers, someone asked what he felt about people "who are mad at you because of crypto," Tesla Inc. According to CEO, the “true war is between fiat and crypto.” Overall, I choose the latter.”
  • S&P Launches First-Ever Crypto Indices for Bitcoin and Ethereum: Why It Matters

    05/14/2021 4:11:01 PM PDT · by aMorePerfectUnion · 32 replies
    The Bitcoinist ^ | May 7, 2021 | San Lee
    S&P Dow Jones Indices, one of the world’s largest index providers, launched a new series of digital asset benchmarks. Dubbed the S&P Digital Market Indices, the series includes the S&P Bitcoin Index, Ethereum Index, and Cryptocurrency MegaCap Index. Each of these indices will track the performance of Bitcoin and Ethereum, with the latter tracking a combination of both. The pricing data is sourced from crypto data provider Lukka. Despite choosing to only include the two largest cryptocurrencies by market capitalization, S&P stated that it will include other cryptocurrencies through large-cap and broad market indices. According to CoinMarketCap, Bitcoin and Ethereum...
  • Video: Elon Musk Explains What Is Dogecoin At SNL – The Cryptocurrency Falls Over 20% Immediately

    05/09/2021 4:48:33 AM PDT · by USA Conservative · 34 replies
    Red State Nation ^ | 05.09.2021 | Alex Hall
    Elon Musk took the Studio 8H stage over the weekend for his Saturday Night Live hosting debut and, as many expected, there was a lot of cryptocurrency talk. The controversial tech mogul had fans and critics debating the choice to tap him as a host in the lead-up to Saturday’s episode. However, one of the biggest questions was whether or not he’d mention Dogecoin, the satirical cryptocurrency that has skyrocketed in the wake of his repeated online endorsements. As it turns out, Dogecoin — and cryptocurrency in general — actually played a prominent role in the episode. Apart from a...
  • John McAfee on life in prison… and the price of Dogecoin

    04/29/2021 12:56:33 PM PDT · by algore · 21 replies
    Incarcerated computer legend John McAfee says he’s stunned by the price of Dogecoin. Speaking from behind bars in a Spanish jail after being banged up on charges of cryptocurrency fraud and tax evasion, the 75-year-old was apparently shocked to hear the crypto hailed by Elon Musk and Snoop Dogg was now changing hands for as much as 30 cents a unit. “There are a few inmates that speak English well enough for John to have conversations with so that has helped him to not feel so isolated,” she said. McAfee hinted earlier this year that it was his involvement with...
  • Bitcoin crackdown: UK to ‘fall in line’ with Biden and restrict crypto: ‘End up worthless'

    04/25/2021 11:45:04 PM PDT · by nickcarraway · 36 replies
    Express (U.K.) ^ | Apr 23, 2021 | Callum Hoare
    A BITCOIN crackdown could see the cryptocurrency "legislated" by the UK, EU, China and the US, an investment expert has told - noting that Britain could "fall in line" with Joe Biden's reported plans.Crypto markets plunged today after it was reported that the US President is planning to raise capital gains tax. Mr Biden is said to be considering nearly doubling tax to as high as 39.6 percent, from the current 20 percent. Cryptocurrency investors face higher taxes if Mr Biden presses ahead and the market responded respectfully – Bitcoin crashed 10 percent to $49,332 (£35,627), hitting the lowest...
  • Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him

    04/24/2021 7:43:32 AM PDT · by DUMBGRUNT · 30 replies
    CNBC ^ | 23 Apr 2021 | Ryan Browne
    Thodex, a crypto platform based in Turkey, said its platform has been “temporarily closed” to address an “abnormal fluctuation in the company accounts.” Local media reports say that Faruk Fatih Ozer, Thodex’s founder, has flown to Albania, taking $2 billion of investors’ funds with him. According to the state-run Anadolu Agency, Turkish authorities have now issued an international warrant seeking Ozer’s arrest. ...In 2019, Canadian crypto exchange QuadrigaCX went bankrupt after its CEO died, resulting in millions of dollars’ worth of digital assets being trapped in a digital wallet.
  • Crypto Asset Market Could Surge 500x, Investors Don’t Realize Magnitude of What’s Happening

    04/16/2021 4:58:01 PM PDT · by aMorePerfectUnion · 83 replies
    The Daily HODL ^ | April 16, 2021 | Daily Hodl Staff
    The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal. In a new interview on the Gestalt University podcast, The Real Vision Finance founder says that the public is generally unprepared for the ways in which digital assets could transform the current financial landscape.“There is a parallel financial universe being built in front of our eyes and people are slowly migrating across. People have no comprehension yet of how big this is. They’re still bickering over whether Bitcoin is an investment vehicle without realizing the magnitude of what is actually going...
  • Crypto Exchange Binance Introduces Stock Trading Starting With Launch of Tesla Tokens

    04/14/2021 2:02:01 PM PDT · by aMorePerfectUnion · 4 replies
    The Daily HODL ^ | April 14, 2021 | Mark Emem
    Global crypto exchange Binance is expanding its offerings with the launch of stock tokens. In a new blog post, Binance reveals that it is unveiling tradable stock tokens that enable users to access shares of companies listed in traditional stock exchanges.Binance notes that each stock token is fully backed and represents one share of equity stock. To facilitate the sale and storage of stock tokens, the crypto exchange has teamed up with investment firm CM-Equity AG and Switzerland-based asset tokenization platform Digital Assets AG. Holders of stock tokens on Binance will be eligible to receive dividends if and when they...
  • What Is BitClout? The Social Media Experiment Sparking Controversy on Twitter

    04/14/2021 9:42:52 AM PDT · by Jan_Sobieski · 2 replies
    Coin Desk ^ | 03/22/2021 | Brady Dale
    Prominent users of Crypto Twitter have suddenly discovered they have another profile on a new social network called BitClout, except over there some people are buying and selling tokens representing their identities. It does not matter whether the people behind those profiles have ever touched the social network.“The core insight behind BitClout is that if you can mix speculation and content together, you can not only get a 10x product that creates innovative ways for creators to monetize, but you also get a new business model that’s not ad-driven anymore,” BitClout’s lead creator, who goes by Diamondhands, told CoinDesk in...
  • In Bullish Report, Bloomberg Predicts $400,000 Bitcoin Price In 2021

    04/12/2021 11:39:19 AM PDT · by aMorePerfectUnion · 40 replies
    Bitcoin Magazine ^ | 4-7-21 | Dylan LeClair
    In its latest monthly “Crypto Outlook” report, Bloomberg outlined the “rising bitcoin adoption tide” with some bullish sentiment. On April 6, Bloomberg released the April edition of its monthly “Crypto Outlook,” in which it outlined the bullish narratives around bitcoin and the burgeoning industry surrounding it. The report was notably bullish, particularly as it came from a reputable legacy firm in the financial and media industry. Exerpt summary form: “Indicators Point To Rising Bitcoin-To-Gold Ratio” “Bitcoin Replacing Old-Guard Gold Is More Sudden Than Gradual “Digital Vs. Analog: Bitcoin's Upper Hand” “Few Signs Of Bitcoin Holders Looking To Sell” “Bitcoin Rhyme...
  • China's First 7nm GPU Nears Mass Production, Pics Emerge

    04/06/2021 3:59:49 PM PDT · by algore · 55 replies
    Shanghai Tianshu Intellectual Semiconductor Co. (Tianshu Zhixin) announced Wednesday that it's nearing "mass production and commercial delivery" of Big Island, China's first domestically produced 7nm general-purpose GPU (GPGPU). Tianshu Zhixin said in January that BI was made using an unidentified 7nm process node and 2.5D chip-on-wafer-on-substrate (CoWoS) packaging. On Wednesday, it confirmed our suspicion that BI was made using TSMC's 7nm FinFET process. It also shared a little more information about what people can expect from BI when it starts to ship. Tianshu Zhixin claimed that BI offers "nearly twice the performance of mainstream manufacturers' products" at a lower power...
  • PayPal now allows crypto spending at millions of merchants

    04/02/2021 9:51:56 AM PDT · by aMorePerfectUnion · 35 replies
    The Block Crypto ^ | March 30, 2021, 6:10AM EDT | Yogita Khatri
    PayPal has started allowing U.S. users to spend their cryptocurrency holdings at millions of online merchants globally. The development means PayPal users who hold bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and litecoin (LTC) in PayPal digital wallets can now convert their crypto holdings into fiat to make purchases. Reuters first reported the news. "This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet," PayPal CEO and president Dan Schulman told Reuters. "We think it is a transitional point where cryptocurrencies move from being...
  • Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency

    04/02/2021 1:36:37 AM PDT · by ransomnote · 15 replies ^ | April 1, 2021 | Department of Justice
    A federal court in the District of Massachusetts entered an order today authorizing the IRS to serve a John Doe summons on Circle Internet Financial Inc., or its predecessors, subsidiaries, divisions, and affiliates, including Poloniex LLC (collectively “Circle”), seeking information about U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency during the years 2016 to 2020. The IRS is seeking the records of Americans who engaged in business with or through Circle, a digital currency exchanger headquartered in Boston.“Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer,” said Acting Assistant...
  • Ethereum price to hit a new milestone

    04/01/2021 1:29:43 PM PDT · by aMorePerfectUnion · 18 replies ^ | April 1, 2021 | UC Hope
    Ethereum, the next largest cryptocurrency behind Bitcoin, has endured price stagnation for about a month. That period was marked with erratic and unpleasant price movements, which lead to the so-called triangular shape on Ethereum price daily charts. However, a sudden increase in buy order has allowed Ethereum Price to escape from that pattern. By this recent data, ETH Price is projected to increase by 37 percent. If this projection comes out true, ETH price will hit an all-time high of $2560.
  • It’s Time To ‘Go All In’ on Bitcoin, Says CryptoQuant CEO – Here’s Why (opinion piece)

    03/31/2021 3:09:13 PM PDT · by aMorePerfectUnion · 47 replies ^ | 3/31/21 | Staff
    Ki Young Ju, chief executive of on-chain insights platform CryptoQuant, says that it’s time to go all-in on Bitcoin. In a new tweet, Ki Young Ju tells his 124,600 followers that he believes the time has come for him to put all his chips into the world’s largest cryptocurrency. To support his bullish call, Ki Young Ju points to the correlation between the price of Bitcoin and the stablecoins ratio, a metric that divides BTC reserves by all stablecoin reserves stored in exchanges. According to the CryptoQuant executive, a plummeting stablecoin ratio indicates that Bitcoin and the broader crypto market...