Citi Reportedly The Latest Bank To Consider Crypto After Soaring Client Interest

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Citi is contemplating a move into crypto markets after surging interest in the asset class from its clients, the Financial Times reported Friday, making it the latest financial institution to consider ways to give its clients access to the sought-after market after years of mainstream resistance.   Citi are considering offering crypto services, reported the FT....

With Elon Musk set to host SNL, what’s behind the Dogecoin rally? | Crypto News | Al Jazeera

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Dogecoin, the meme cryptocurrency known for its Shiba Inu dog face, has rocketed more than 13,000 percent between January 1 and its all-time high of 69 cents reached on Wednesday, according to CoinMarketCap. That level of growth compares with a 95 percent increase for Bitcoin and 375 percent for Ethereum – the world’s two biggest...

SafeMoon Crypto Overtakes Bitcoin on CoinMarketCap’s Most Watched List at 1.3 Million

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The cryptocurrency SafeMoon is currently on more CoinMarketCap watchlists than Bitcoin. CoinMarketCap, a major cryptocurrency price tracking site, shows SafeMoon is on just over 1.3 million watchlists, while Bitcoin—the most widely known cryptocurrency—is on around 1.2 million. SafeMoon is a relatively new cryptocurrency token launched two months ago in early March. It works by charging...

New Doge? Shiba Inu’s (SHIB) Price Grows By 150% As Major Crypto Exchanges List It | Benzinga

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Shiba Inu (CRYPTO: SHIB) nearly doubled its value over the last 24 hours after the world’s top cryptocurrency exchange Binance… This content was originally published here.

Bitcoin, crypto misconception could propel it to $250k: Mark Yusko

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This bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko Published Sun, May 9 20215:00 PM EDTUpdated 2 Hours Ago Bitcoin may be struggling to break back above $60,000, but Morgan Creek Capital Management’s Mark Yusko is aiming even higher. The investment management firm’s founder and chief investment officer predicts...

My employer paid me in crypto. It rose 700% in value. Now he wants employees to return the crypto and accept dollars – MarketWatch

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Dear Quentin, I did some business development work for a tech company on a contract basis. The CEO stated that I would be paid in crypto when I started the work in the spring of 2020. He added a clause to the contract stating, “The company may elect to pay in USD.”  I struck out...

Arnold Schwarzenegger is avoiding bitcoin, dogecoin, and other crypto. Warren Buffett might be the reason why.

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Summary List Placement Arnold Schwarzenegger shares Warren Buffett’s caution towards cryptocurrencies. “The Terminator” star and former California governor said he doesn’t understand them. Buffett advised Schwarzenegger during his campaign and on “Celebrity Apprentice.” See more stories on Insider’s business page. Arnold Schwarzenegger doesn’t own bitcoin, dogecoin, or any other cryptocurrencies. Warren Buffett might be the...

For the ruined, Turkey’s crypto crackdown comes too late | Business and Economy News | Al Jazeera

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Istanbul, Turkey – Hulya Ozkal thought she was investing wisely when she ploughed her savings into Bitcoin. “Maybe it wasn’t millions but I saved half a Bitcoin for the future,” the 65-year old pensioner told Al Jazeera. In most circumstances, that bet would be paying off handsomely this year. One Bitcoin was worth just over...

Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks – Bloomberg

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Tether, the crypto stablecoin backed one-for-one by fiat currencies, surpassed $50 billion in circulation, a sum that’s more than the insured deposits at all but 44 of the thousands of U.S. banks. It’s a remarkable milestone for a token that enjoys wide use as a method of payment in the crypto ecosystem, even as the...

Dogecoin, bitcoin: Shorting crypto using Coinbase for a summer trade

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Could the cryptocurrency craze cool off come summer? Closely watched digital assets including bitcoin, ether, litecoin, dogecoin and ripple rallied Wednesday, fueled by a speculative frenzy around the space that has continued to drive demand in 2021. Dogecoin in particular has been surging ahead of Elon Musk’s upcoming “Saturday Night Live” appearance on May 8,...