Technology billionaire Peter Thiel said Sunday at a conservative conference that the high price of bitcoin is an indicator of U.S. inflation, which has also recently touched a 13-year high. “You know, $60,000 bitcoin, I’m not sure that one should aggressively buy,” Thiel said, according to Bloomberg. “But surely what it is telling us is…
Ether Soars to Record High Amid Use of Ethereum Blockchain Surging and New Update
Ether, the cryptocurrency of the Ethereal network, soared to a record high on Friday, driven in part by a new update and data showing that smart contract blockchain Ethereum burned more tokens than it emitted in the last 24 hours. The second-largest cryptocurrency shot 3.9 percent to $4,339.86, surpassing its previous record of $4,379.62 reached back in May, as per Bloomberg. Ether is…
Mastercard Expands Cryptocurrency Services With Wallets, Loyalty Rewards
Mastercard Inc. said on Monday it would allow partners on its network to enable their consumers to buy, sell, and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under loyalty programs. The credit card giant said it would offer these services in partnership with Bakkt Holdings Inc., the digital…
Almost a Third of All US Cryptocurrency Holders Own Dogecoin: Survey
According to a recent survey done by the ‘Finder’, the adoption rate of Dogecoin in the United States is nearly double that of the rest of the world. Dogecoin’s adoption in the United States supersedes Bitcoin and Ethereum, with 30.6 percent of crypto owners saying they own Dogecoin. That’s 1.6 times the global average adoption…
Congress Needs to Provide Guardrails for the Cryptocurrency Revolution
Commentary The Chinese Communist Party poses the most comprehensive 21st-century threat to the American nation, the American people, and the American way of life. The first half of this century will be defined by how the United States meets the Chinese challenge across the full spectrum of economic, national security, geopolitical, and cultural issues. And…
Nuclear Engineer and Wife Plead Not Guilty to Trying to Sell Restricted Navy Data to Foreign Government
A U.S. Navy nuclear engineer and his wife pleaded not guilty on Wednesday to national security charges after they were accused of attempting to sell Navy secrets to a foreign government. Jonathan, 42, and Diana Toebbe, 45, from Annapolis, Maryland, appeared in separate hearings at Martinsburg federal court in West Virginia on Wednesday, a day after the Department of Justice announced…
Facebook Pilots Novi Crypto Wallet With Coinbase, But Senators Urge Zuckerberg To ‘Immediately Discontinue’
Social media giant Facebook, Inc. (NASDAQ:FB) has launched a pilot of its Novi crypto wallet in the U.S. and Guatemala but is already facing strong opposition from five Democratic U.S. senators. What Happened David Marcus, head of Facebook Financial, announced the Novi pilot program on Tuesday to test the crypto wallet’s core feature functions and…
5 Top Shiba Inu Cryptocurrencies From Best To Worst: Dogecoin, Floki And More
The success of Bitcoin (CRYPTO: BTC) inspired a number of imitators, including Dogecoin (CRYPTO: DOGE). Dogecoin was created as a joke to satirize Bitcoin using a popular meme of a shiba inu dog. When the price of Dogecoin took off itself, dozens of other shiba inu-inspired cryptocurrencies and digital tokens began popping up and generating…
US Futures-Based Bitcoin ETF Rises in First Day of Trading, Bitcoin Nears Record
October 19, 2021
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NEW YORK—The first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading on Tuesday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could boost investment flows into cryptocurrencies. The ProShares Bitcoin Strategy ETF closed up 2.59 percent at $41.94 in its first day of trading, with around…
The Ramifications of China’s Updated ‘Negative List’
October 10, 2021
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Commentary Beijing is tightening the screws over more industries, including news media and cryptocurrency mining, in a bid for further control of China’s economy. The Chinese Communist Party (CCP) updated its “Negative List,” outlining Chinese industries and activities in which investment is barred, which could have broader ramifications for global investors. The announcement was released…
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