By Olivia Raimonde Ether, the world’s second-largest cryptocurrency rose to $2,000 for the first time, as the rally in digital assets continues to broaden beyond Bitcoin. The digital token for the Ethereum network gained as much as 2.3% to $2,014 on Friday. It has surged about 170% this year. The Bloomberg Galaxy Crypto Index gained … Read more
Twitter Inc boss Jack Dorsey said on Tuesday he will convert proceeds from the digital auction of the first ever tweet on the platform to bitcoin for charity. “just setting up my twttr” – the first ever tweet went live for sale after Dorsey listed it as a unique digital signature on a website for … Read more
Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. “However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere,” Musk said in a tweet. “Bitcoin is almost as … Read more
By Joanna Ossinger and Eric Lam Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally. The token climbed as much as 3.6 per cent to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past … Read more
Federal Reserve Chair Jerome Powell is expected to maintain the central bank’s aggressive support of the US economy, despite having spied “light at the end of the tunnel” from the Covid-19 pandemic. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of its two-day policy meeting … Read more
Mumbai: Bullish bets on bitcoin has emerged as the most crowded trade for the first time since October 2019, according to a survey of fund managers by Bank of America Securities. About 36 per cent of the respondents identified ‘long bitcoin’ as the most crowded trade. A total of 217 fund managers with $596 billion … Read more
Vibhor Jain, the founder of Chained Ventures, has been rather unlucky dealing with institutions providing financial services. In 2019, he had almost signed an agreement with Yes Bank to co-brand and distribute an all-in-one prepaid card designed by his fintech startup. The deal fell through as Yes Bank sank deeper into a pile of bad … Read more
Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab Emirates. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed … Read more
Washington D.C. [USA]: Twitter has revealed that hackers may indeed have downloaded the private direct messages of up to eight individuals while conducting their Bitcoin scam, and were able to see “personal information” including phone numbers and email addresses from each account, in one of the biggest security lapses in the company’s history this week. … Read more
A Twitter hacking scheme that targeted political, corporate and cultural elites this week began with a teasing message between two hackers late Tuesday on online messaging platform Discord. “yoo bro,” wrote a user named “Kirk,” according to a screenshot of the conversation shared with The New York Times. “i work at twitter / don’t show … Read more