Bitcoin broke through the $50,000 barrier on Thursday and was trading just below the $51,000 mark Friday as the cryptocurrency’s solid leg up followed stocks and other risk assets upward in what may signal a year-end “Santa Claus Rally.” The world’s leading cryptocurrency had been stuck below the psychological barrier of $50,000 for two weeks…
Bitcoin Cracks $50,000 Barrier in Possible Sign of ‘Santa Claus Rally’ in Risk Assets
December 24, 2021
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Lakers Plan Big Sendoff as ‘Staples Center’ Name Fades Into History
December 22, 2021
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LOS ANGELES—After 22 years, the Los Angeles Lakers will play their last game at Staples Center on Dec. 23—two days before the venerable downtown venue officially becomes “Crypto.com Arena” on Christmas Day. The Lakers host the San Antonio Spurs in the 7:30 p.m. game and plan a number of sendoff festivities for their finale under the “Staples” banner. A…
FBI Captures Millions-Worth Bitcoins From Japanese Embezzler
December 22, 2021
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The Department of Justice has taken action to return more than $154 million in funds allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation by one of its employees who subsequently converted it to Bitcoin. According to the civil forfeiture complaint in the Southern District of California, the stolen funds were discovered on Dec….
FBI Seized Millions in Bitcoins From Alleged Japanese Embezzler
December 22, 2021
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Asia & Pacificbitcoin exchangeBusiness & EconomyCrime and Incidentscryptocurrencycryptocurrency fraudsUSUS NewsWorld
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The Department of Justice has taken action to return more than $154 million in funds allegedly stolen from a subsidiary of Tokyo-based Sony Group Corp. by one of its employees, who is accused of subsequently converting the stolen money to Bitcoin. According to the civil forfeiture complaint in the Southern District of California, the stolen…
El Salvador President Bukele Purchases 21 Bitcoins on Dec. 21
El Salvador’s President Nayib Bukele bought another 21 bitcoins on Dec. 21 to mark the 21st day of the last month of the 21st year of the 21st century. Bukele announced the tongue-twisting bitcoin purchase on Twitter on Tuesday night, adding that he made the purchase at exactly 21:00 local time. The president shared a screenshot…
‘Has Anyone Seen Web3?’ Musk, Dorsey Mock Tech’s Latest Buzzword
Billionaires Elon Musk and Jack Dorsey dismissed the so-called Web3 and criticized the involvement of venture capital firms such as Andreessen Horowitz in building out what some have called the next phase of the Internet. Web3, a vague term for a utopian version of the Internet that is decentralized, is based on digital record-keeping technology…
Dollar Recovers Some Overnight Losses; Euro Extends Gains
LONDON—The U.S. dollar recouped some overnight losses and the euro gained for a second day on Tuesday as risk sentiment recovered partially after a selloff in global markets. Major currencies held within well-worn trading ranges, however, as a surge in cases of the Omicron coronavirus variant forced countries to reimpose restrictions, raising concerns over the…
Social Media App Parler Plans to Expand Into NFTs
Social media platform Parler said on Monday it will expand its business into non-fungible tokens (NFT), in a move that underpins the rapid growth of the digital asset in recent months. An NFT, which is a digital asset usually bought with cryptocurrencies or in dollars, encompasses everything from images, videos, to text. The ownership record…
US SEC Delays Decision on Grayscale’s Spot Bitcoin ETF
The U.S. Securities and Exchange Commission has delayed its decision on a spot bitcoin exchange-traded fund (ETF) proposal from Grayscale Bitcoin Trust, the world’s largest digital currency manager. In a notice dated Wednesday, the markets regulator said it now expects to review Grayscale’s proposal by Feb. 6, later than the original December deadline. In October,…
Bitcoin Has Come a Long Way, Ray Dalio Says in Interview That Also Touches on Inflation and US Politics
December 17, 2021
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Ray Dalio, billionaire investor and founder of the world’s largest hedge fund, Bridgewater Associates, in a Dec. 15 interview with Marketwatch, praised Bitcoin, the largest cryptocurrency on the market. “It has been an amazing accomplishment for bitcoin to have achieved what it has done, from writing that program, not being hacked, having it work and having it adopted the…
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