Leading Crypto Exchanges Down As Bitcoin And Ether Plummet

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Binance, Coinbase and a number of other cryptocurrency exchanges appear to have crashed or restricted trading amid a mass sell-off of key tokens Wednesday, worsening a slide over the past week that has cut $700 billion off the value of cryptocurrencies.    Coinbase, Binance and other exchanges went down Wednesday. Key Facts Outage reports for cryptocurrency...

Anthony Pompliano Announces New Pizza Brand That Gives Profit to Bitcoin Developers – The Street Crypto: Bitcoin and cryptocurrency news, advice, analysis and more

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Bitcoin Pizza profits will go straight to the Human Rights Foundation Bitcoin development fund. This content was originally published here.

China Cracks Down On Crypto Business, Saying ‘Speculative’ Trading ‘Seriously Infringing’ On Financial Order

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Chinese financial officials announced Tuesday that the country would crack down on financial institutions conducting cryptocurrency business or offering related services in light of the market’s recent volatility, marking another blow to the nascent market reeling from one of its biggest sell-offs ever after booming institutional adoption helped lift it to meteoric highs during the...

Why Ethereum founder Vitalik Buterin got into crypto, bitcoin

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Before Vitalik Buterin co-created Ethereum, he first learned about bitcoin in 2011, when he was 17 years old. Initially he dismissed it, but Buterin eventually connected with the idea of bitcoin after a second look, he told Wired in 2016. Like many bitcoin evangelists, Buterin, a Russian-Canadian programmer, was curious about the decentralized payment system....

Elon Musk hints Tesla may offload BTC, goes to war with crypto Twitter

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Tesla’s CEO is duking it out with the crypto community on Twitter after Musk appeared to suggest the electric vehicle manufacturer will dump its BTC holdings this quarter. Elon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla’s CEO appeared to suggest the firm...

Dogecoin will migrate from proof-of-work to proof-of-stake to make it viable, predicts head of crypto lending platform – MarketWatch

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Corrects the headline to note that Celsius Network’s Alex Mashinsky speculated that dogecoin would migrate to a proof-of -stake from a proof-of-work protocol. Dogecoin will likely transition from a proof-of-work protocol to proof-of-stake, speculated Alex Mashinsky, the chief executive and founder of Celsius Network on Friday during a webcast hosted by his lending platform on...

‘A total make-or-break for dogecoin,’ says one crypto investor as Elon Musk prepares to host ‘Saturday Night Live’ – MarketWatch

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“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview. “If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said. The 25-year-old investor is one of a number of relatively young...

Bitcoin Drops Below $40,000 Mark After 3 Months As Elon Musk-Fueled Crypto Selloff Deepens | Benzinga

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(BTC) traded below the psychologically important $40,000 mark after three months in the early hours of Wednesday as the cryptocurrency sell-off fueled by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s remarks last week deepened. What Happened: The apex cryptocurrency by market cap traded 13.73% lower at $39,284.33 at press time on a 24-hour basis and has...

Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining – MarketWatch

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Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment that cryptocurrency mining can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after. “Tesla has suspended vehicle purchases using bitcoin,” Musk posted on Twitter. “We are concerned about rapidly increasing...

Elon Musk’s Tesla U-turn on Bitcoin over environmental fears wipes $365bm from crypto market value | Daily Mail Online

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Bitcoin’s value was still down 8.85% percent over the 24 hour period since Elon Musk’s shock announcement that Tesla will no longer accept Bitcoin as a form of payment due to environmental factors.   Musk’s announcement on Wednesday evening initially caused a huge 17 percent drop in the price of the world’s largest cryptocurrency, but it recovered...