Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc to highlight…
10 Companies That Now Accept Shiba Inu and Dogecoin as Payment
It’s becoming relatively more common to encounter businesses accepting Bitcoin or Ethereum for payments. Now memecoins such as Dogecoin and Shiba Inu are being welcomed by businesses. Far from being low-risk companies or smaller businesses, some of the world’s most profitable sectors are showing their love for the emerging trend. IZEA Worldwide Inc., a provider of influencer marketing technology, data and services for brands,…
As Crypto Rises, Some Bemoan Its Carbon Footprint
February 11, 2022
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In the years since the still-anonymous ‘Satoshi Nakamoto’ created the first cryptocurrency, Bitcoin, crypto has proven to be polarizing. Proponents argue that cryptocurrencies offer a transparent alternative to fiat currencies like the dollar. Crypto transactions are permanently recorded on a decentralized ledger known as a blockchain, making them potentially resistant to censorship. For political dissidents,…
Riksbank’s Calm Over Inflation Hurts Swedish Crown; Yen Struggles
LONDON—The Swedish crown was hurt by the Riksbank’s dovish stance on Thursday, while other currency market moves were small as investors awaited key data on U.S. inflation for clues on the U.S. Federal Reserve’s policy-tightening trajectory. Investors’ appetite for riskier assets has been hurt so far this year by expectations that the Federal Reserve will…
$229 Million in Bitcoin Shorts Liquidated as Cryptocurrency Reclaims $44,000
Traders with a bearish bias saw massive liquidations in the last four days as Bitcoin surged 17 percent to a price of $44,700. What Happened According to data from on-chain analytics platform CryptoQuant, $229 million worth of short positions were liquidated in the crypto perpetual futures market after Bitcoin breached the $43,800 mark. $BTC market…
Euro Pulls Back From 3-week Highs as Italian Real Yields Approach Zero
LONDON—The euro weakened on Tuesday after European Central Bank President Christine Lagarde tried to rein in interest rate hike expectations that lifted the currency to a three week-high last week. The ECB’s hawkish twist last week took markets by surprise and sent yields on peripheral eurozone debt surging as investors worried about the impact of…
Tesla’s Bitcoin Holdings Worth Nearly $2 Billion: Filing
Tesla Inc. said on Monday the fair market value of the electric-vehicle maker’s bitcoin holdings as of Dec. 31 was $1.99 billion. In its annual filing with the U.S. Securities and Exchange Commission, Tesla, which had invested $1.50 billion in bitcoin last year, said it registered about $101 million in impairment losses last year due…
Euro Drops After US Jobs Data Fuels Dollar Rebound
LONDON—The euro dipped on Monday after a surge last week that followed a hawkish shift by the European Central Bank, as traders turned to the dollar betting the jump in U.S. jobs created in January could lead to faster Federal Reserve rate hikes. The European common currency dropped 0.2 percent to as low as $1.1415,…
Bitcoin Mimics Stocks Rally, Hits 2-week High
Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16 percent, and marking a 27 percent rise from the year’s low…
Why the Government Wants Cryptocurrency Regulated
Commentary As the market for cryptocurrency continues to grow the regulators in Washington and Wall Street are increasingly worried. While regulators have blamed cryptocurrency for illegal uses like funding terrorism and funding illicit drug operations, the truth of the matter is that cash is mostly used for illicit activities, not cryptocurrency. The worry is that…
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