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Bitcoin started to bounce back from a three month low Monday morning after Tesla CEO Elon Musk denied the company had sold its sizable bitcoin assets, marking the latest swing in volatile crypto markets since the billionaire precipitated a $300 billion crash by announcing Tesla would no longer accept bitcoin as payment due to its...
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The Department of Justice and Internal Revenue Service have reportedly opened an investigation into cryptocurrency exchange Binance, heightening tensions in the largely unregulated industry amid unprecedented market volatility and reports that hackers demanded a $5 million cryptocurrency ransom from the fuel company that halted operations this week. It’s unclear what exactly officials are probing. Key...
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Dogecoin is coming to Coinbase Global, the company said on Thursday during a call with investors and analysts to discuss its first-quarter performance. The plan is to list dogecoin in the next six to eight weeks, said CEO Brian Armstrong. The Coinbase COIN, -6.53% boss said that there is a need to accelerate the process...
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What does a weekend meltdown in bitcoin prices portend for U.S. stocks? Bitcoin BTCUSD, -3.36% is supposed to be an asset that isn’t highly correlated with equity markets, or any other traditional asset for that matter, but some analysts have pointed out that the cryptocurrency has traded in closer step with parts of the market...
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Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending...
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As the broader cryptocurrency market plunges after billionaire Elon Musk said Tesla would no longer accept bitcoin because of its hefty environmental cost, the price of Cardano’s ada, the world’s fourth most-valuable token, surged, as crypto traders and analysts plow into the token that promises it’s a much less carbon-intensive alternative. Cardano’s ada, the world’s...
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The price of dogecoin surged nearly 30% Friday following support from billionaire Elon Musk and an announcement that crypto exchange Coinbase would list the token, a boost that has allowed the volatile asset to reclaim its spot as the fourth most valuable cryptocurrency in an otherwise dismal market still reeling from a $300 billion crash...
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Tesla CEO Elon Musk said Tesla would suspend car purchases using bitcoin, wiping off billions of dollars of value from the cryptocurrency market. This content was originally published here.
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Stocks across the globe that were linked to cryptocurrencies fell in line with the slump in Bitcoin, after Tesla Inc. Chief Executive Officer Elon Musk expressed concerns over its energy usage. Bitcoin plunged as much as 15%, sinking to as low as $46,045 after Musk said he was worried over the “rapidly increasing use of...
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Crypto bull and Tesla Chief Executive Elon Musk appears to be toying with the idea of allowing customers to use parody coin dogecoin to purchase products at the electric-vehicle maker. Musk early Tuesday issued a survey via Twitter asking if Tesla should accept doge DOGEUSD, -2.60%, the popular crypto whose stratospheric rise has made it...
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