Bitcoin Price Rises Above $45,000, Boosting Crypto Stocks The price of bitcoin rose above $45,000 for the first time since Jan. 11, when trading of U.S. spot bitcoin ETFs began. Bitcoin was last higher by nearly 3% at $45,391.18, according to Coin Metrics, pulling crypto-related stocks higher, although ether hovered at the flatline. The flagship…
Bitcoin Tumbles, Erasing Earlier Rally Gains Bitcoin experienced a significant drop on Wednesday, giving back all of its gains from the recent rally. According to Coin Metrics, the price of bitcoin fell by 6% to $42,159.37. Just a day earlier, it had reached its highest level since April 2022, peaking at $45,913.30. This decline in…
Michael Saylor, the founder and former CEO of the enterprise software firm MicroStrategy, has recently announced plans to sell his personal holdings of MSTR stock worth approximately $216 million. It is worth noting, however, that Saylor has not indicated any intention to dispose of any of his holdings in Bitcoin, a cryptocurrency he has publicly…
**Tech Support Scam Leaves Retiree Penniless: The Growing Threat to Older Americans** Marjorie Bloom, a retired civil servant and widow, fell victim to a tech support scam in the spring of 2021 that left her devastated financially. The scam, which is becoming increasingly common and targets older adults, resulted in Bloom losing her entire life…
PayPal Announces Availability of PYUSD Stablecoin on Venmo PayPal announced today that PYUSD, its stablecoin for payments and transfers, is now available on Venmo. PYUSD is available to select users starting today and will be rolling out fully in the coming weeks. Venmo users can purchase PYUSD and send it to others on PayPal, Venmo…
Bitcoin Miners Increase Selling Volume as Price Remains Resilient Recent Data Shows Increase in Bitcoin Miners Selling Volume Recent data shows a major increase in the amount of bitcoin moved by miners from the mining pool to crypto exchanges, but the price of the flagship cryptocurrency continues to show resilience. Selling volume by miners hit…
Coinbase Stock Presents Attractive Returns, Says Atlantic Equities While crypto exchange Coinbase may seem volatile, the stock presents attractive returns for investors willing to wait out until the longer term, according to Atlantic Equities. The firm upgraded Coinbase shares to overweight from neutral. Analyst Simon Clinch maintained his price target of $70, which implies shares…
Being a part of the 21st century, you must have heard people mentioning special terms like ‘Cryptocurrency’ and ‘Bitcoins’.’ All these terms might sound alien to you until and unless you directly get indulged in the domain of cryptocurrencies. The world of cryptos is vast, with an existing family of digital currencies of over 19000…
Cryptocurrency is the digital currency, and the Crypto market has become widely famous worldwide in the past few years. Although cryptocurrency investment is a matter of risk, many investors still buy and sell crypto coins every day. Why? Because it is an easy process to earn huge money, and the only thing you need to…
London, June 24 (IANS) The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50 per cent as the “crypto winter” continues to eat at the incomes of “miners” and financial contagion spreads further throughout the sector, media reports said. The electricity consumption of the bitcoin network has fallen by…
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