Financial advisors feel pull of cryptocurrency wave as more clients express interest

When the market was crashing in March 2020, financial advisor Ivory Johnson, founder of Delancey Wealth Management, decided it was time to introduce cryptocurrencies to his clients. “I did it because I saw how active the Federal Reserve was and how much they were diluting the dollar,” which would be incredibly inflationary, Johnson said. A … Read more

El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

Nayib Bukele, El Salvador’s president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador, on Tuesday, June 1, 2021. Photographer: Camilo Freedman/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images MIAMI — El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation … Read more

Cryptos show inflows after record outflows in previous 2 weeks

NEW YORK: Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed late Tuesday. Inflows into crypto investment products and funds totaled $74 million last week. That followed record outflows of $151 million the previous two … Read more

Russia-linked cybercriminal group REvil behind meatpacker JBS attack

Packages of beef cuts are displayed at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Well-known hacker collective REvil Group is behind the cyberattack on JBS, according to a source speaking to CNBC on the condition of anonymity. It caused JBS, the world’s largest meatpacking company to shut … Read more

Digital currencies are the future for Russia’s financial system, central bank governor says

A man on the phone walks past the Russian Central Bank headquarters as the Russian flag flies, in downtown Moscow, on March 19, 2021. KIRILL Kudryavtsev | AFP | Getty Images As the economy moves online, digital currencies will be the future of financial systems, according to Russia’s central bank governor, Elvira Nabiullina. There is … Read more

Coinbase Pro opens up to dogecoin after cryptocurrency’s 6,000% gain this year

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase is finally getting into dogecoin. Starting Tuesday, the crypto exchange is offering its Pro users the option to trade dogecoin, a cryptocurrency that was … Read more

OnePlus Could Launch a Cryptocurrency Wallet, Suggest Survey

OnePlus could be the next big name in the growing market of cryptocurrencies led by Bitcoin as the Chinese company is found to be conducting a survey on blockchain research. The survey is aimed at getting user feedback on cryptocurrencies. The company is asking users whether they have used trading platforms such as Coinbase, Gemini, … Read more

Bitcoin’s ‘Green’ Rival Chia is Causing a Shortage of Hard Drives

Chia has been hogging a lot of limelight in the crowded cryptocurrency space lately as a ‘green’ alternative to Bitcoin. Even more so since the billionaire CEO of SpaceX and Tesla, Elon Musk,  tweeted last month that cryptocurrencies like Bitcoin are driving up fossil fuel consumption. He revoked Tesla’s decision to accept Bitcoin as payment for … Read more

Cathie Wood sees deflation returning, boosting innovation stocks and bitcoin

Cathie Wood is going against the grain yet again — this time on inflation. The founder and CEO of Ark Investment Management said Thursday that she is not worried about the threat of inflation that is haunting so many on Wall Street. Instead, the fund manager expects deflation amid a breakdown in commodity prices, gridlock … Read more

Nvidia sold $155 million in crypto mining chips last quarter, but PC gaming remains its biggest market

Nvidia CEO Jensen Huang wearing his usual leather jacket. Getty In February, as cryptocurrency prices spiked, Nvidia released new cards specifically for mining crypto. They can’t power a computer monitor, but they can generate valuable ether coins. On Wednesday, the company provided an update on how its cryptocurrency (CMP) cards are faring in the market. … Read more