A Dogecoin-donned race car hit a wall in spectacular fashion over the weekend as DOGE fared much the same in the markets. Saturday’s National Association for Stock Car Auto Racing (NASCAR) Xfinity Series Race in Nashville ended in disaster for the Dogecoin sponsored car, with the DOGE-emblazoned Chevrolet Camaro driven by Stefan Parsons smashing into …
Continue reading “DOGE dumps as Dogecoin-sponsored NASCAR driver crashes”
European Central Bank (ECB) executive board member, Fabio Panetta, has argued that a digital euro offers superior privacy protections than privately issued stablecoins. Panetta criticized the profit motive of private firms, emphasizing it is in their commercial interests to harvest masses of data on their users. “We are not like private companies,” the board member …
IOHK CEO and Ethereum co-founder, Charles Hoskinson, has argued that Bitcoin sits at a significant competitive disadvantage due to its slow speeds and will be usurped by proof-of-stake networks. In a five-hour Podcast with computer scientist and AI researcher, Lex Fridman, the Cardano founder argued that proof-of-stake networks offering superior speed and functionality over the …
Continue reading “Bitcoin is ‘own worst enemy’ and will lose to Ethereum: Charles Hoskinson”
Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. Billionaire Oleg Deripaska is the founder of Basic Element, a Russian industrial group focusing in areas such as …
Billionaire investor and CEO of Point 72 Asset Management, Steve Cohen, says he is taking a deep dive into cryptocurrency. Emphasizing that he is “fully converted,” the billionaire said, “I’m not going to miss this. I already feel like I missed the first part of it.” Steve Cohen Gets Into Crypto, Says He Is ‘Fully …
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the leverage. Michael Burry Warns of Mother of All Crashes Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, shared his view …
Crypto insights platform Santiment believes that one of 2021’s top altcoins could be reigniting its boom cycle. In a new tweet, Santiment tells its 70,700 followers that layer 2 Ethereum-scaling solution Polygon (MATIC) is starting to flash bullish signals after the meltdown in May that saw its price collapse over 70% from the all-time high …
The 29-year-old billionaire CEO of crypto derivatives exchange FTX considers the meme cryptocurrency Dogecoin (DOGE) the asset of the year. In a new interview on The Jax Jones and Martin Warner Show, Sam Bankman-Fried explains how economic conditions in the past year have pushed retail investors to bet on the Shiba Inu-themed crypto asset. ADVERTISEMENT …
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Cryptocurrency investment platform Amber Group has added $100 million to its coffers following a successful Series B fundraiser, bringing its total pre-money valuation to $1 billion — a major milestone for the firm as it enters its fourth year of operations. The cash injection will be used to “expand global operations to meet client demand …
Continue reading “Crypto-finance company Amber Group valued at $1B following $100M raise”
In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation. Mutual Fund companies ranked by …
A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto Investors Following El Salvador passing a bill making …
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s hashrate is now hovering just above 100 exahash per second …
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely collapse the economy.” Steve Hanke Wants Countries to Adopt Currency …
Crypto legal expert and Ripple supporter Jeremy Hogan is hinting at when the San Francisco-based payments company’s lawsuit with the U.S Securities and Exchange Commission (SEC) may conclude. In a new video, Hogan says that a settlement between Ripple and the SEC is likely to occur after the discovery phase, which is the pre-trial phase …
Continue reading “Ripple Settlement Coming? Legal Expert Reveals When XRP Lawsuit Could Conclude”
Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary at Coinbase, asking his connections about …
Continue reading “Minneapolis Fed President Neel Kashkari calls DOGE a ponzi”
