Dogecoin co-creator Billy Markus recently joined Benzinga’s “Moon or Bust” to share his story of creating Dogecoin, how he’s involved today and what he thinks of Elon Musk. Early Days Markus got into cryptocurrency due to Bitcoin but quickly pivoted to other easier-to-mine coins like Litecoin and Litecoin clones. He said it took a long time to mine a…
Dogecoin Co-Creator Billy Markus on the Negatives of Cryptocurrency, NFTs, and Elon Musk
How Far Will Bitcoin Fall? Crypto Analyst Benjamin Cowen Identifies the Bottom
As the world’s apex cryptocurrency kicks off 2022 with a dizzying collapse, analyst Benjamin Cowen says that $30,000 may be the bottom for Bitcoin. Talking to his 693,000 YouTube subscribers, Cowen said that he has identified that level as the potential floor price for BTC as the flagship crypto tumbles over 50 percent. “Clearly $30,000 is a big area as well….
As Cryptos Implode, Dogecoin Co-Founder Billy Markus Says Crashes in Crypto Happen ‘A Lot’
The overall cryptocurrency market remains in the red on Sunday, the world’s biggest cryptocurrency Bitcoin is trading at $35,715.09 down 17.15 percent in the past 7 days. BTC dropped below the key psychological level of $40,000 Friday. The bloodbath continued on Saturday as the apex crypto further dropped to a low of $34,349.25, before closing just above the $35,000 mark. Ethereum,…
Gold Is Outperforming Bitcoin and the Stock Market in the Past 3 Months: What’s the Better Hedge?
In the past three months, investors have grown increasingly concerned about the negative potential impact of elevated inflation levels and rising interest rates in 2022. But while stock prices and cryptocurrency prices have lagged, gold has outshined them both. Golden Performance In the past three months, the SPDR S&P 500 ETF Trust is up just…
Dollar Holds Its Ground as Selloff Drags Down Aussie, Bitcoin
LONDON—The dollar was on track for its best week in a month against major rivals on Friday, as the world’s reserve currency held its ground amid a selloff of riskier assets across markets. Investor sentiment has soured in recent days due to weaker economic data, rampant inflation and concerns over the pace of U.S. Federal…
Fed Study on Digital Currency Leans Toward Role for Banks
WASHINGTON—The Federal Reserve on Thursday released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers. A central bank digital currency would differ in some key ways from the online and digital payments that…
Where Will Bitcoin Be in 5 Years? Why Cathie Wood’s Ark Invest Predicts Massive Growth and Adoption
Bitcoin has been extending the lean patch it has found itself in since early November. An analyst at Ark Invest, however, sees the apex cryptocurrency resuming its uptrend and outperforming in the coming years. Cryptos a Hit In Developing Countries Crypto activity in Turkey and Brazil surged in the recent week, which highlights increasing adoption in developing…
Bitcoin Miner Argo Blockchain Shares Gain on News of Diversification
Bitcoin miner Argo Blockchain PLC has started a non-mining business unit, Argo Labs, to diversify its business and take advantage of other opportunities in the blockchain ecosystem, CoinDesk reports. “We’ve always felt that the blockchain space has more potential than just mining,” said Argo CEO Peter Wall in an interview with CoinDesk, adding the new business unit will be “an…
Excited About Crypto? The Feds Are Too
January 18, 2022
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Commentary It all started with the “Genesis Block.” On Jan. 3, 2009, Satoshi Nakamoto mined the first “block” on a distributed network known as a blockchain—and suddenly bitcoin was born. Within two years, the nascent cryptocurrency had captured the imagination of the early adopter masses. And when the masses’ imaginations kick into high gear around…
Sotheby’s to Accept Cryptocurrency Payments for Rare Black Diamond
The British auction house Sotheby’s announced that they will be accepting payment in Bitcoin, Ethereum, or U.S. dollars for a rare black diamond known as “The Enigma.” The 555.55-karat diamond is currently on show in Dubai, from whence it will travel to Los Angeles and London before going on a seven-day auction on Feb. 3….
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