Tesla Inc. CEO Elon Musk addressed cryptocurrency scams and payments in his interaction with Twitter Inc. employees Thursday. What Happened The entrepreneur said, “There’s quite a lot of crypto scams on Twitter. It’s gotten better, but there’s still a fair bit of that,” according to a transcript of the interaction published by Vox. Musk said…
Elon Musk Addresses Crypto Scams and Payments in Twitter Staff Meeting
Elon Musk Hit With $258 Billion Lawsuit Over Alleged Dogecoin Pyramid Scheme
A Dogecoin investor sued Elon Musk in a class-action lawsuit for $258 billion on June 17 for allegedly running a pyramid scheme to support the cryptocurrency. The plaintiff, Keith Johnson, accused the billionaire CEO of Tesla Inc and SpaceX in a complaint filed in U.S. District Court in Manhattan of using “his pedestal as World’s Richest man…
Bitcoin Eases From 18-month Low as Crypto Market Stabilizes
LONDON/NEW YORK—Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the U.S. Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8 percent to $20,079.72, its lowest since December 2020….
Bill Gates Says Crypto, NFTs ‘Based on Greater Fool Theory,’ Prefers Tangible Assets
Microsoft Corporation co-founder Bill Gates revived his stance on cryptocurrencies or non-fungible tokens (NFTs) on Tuesday, further clarifying prior remarks on why he doesn’t own any form of digital currencies. Speaking at a TechCrunch talk on climate change on June 14, the business magnate described the asset class as 100 percent “based on the greater…
Euro Jumps as ECB Holds Unscheduled Meeting, Dollar Awaits Fed Move
LONDON—The euro jumped after the European Central Bank’s governing council said it would hold an unscheduled meeting on Wednesday to discuss the recent sell-off in government bond markets, hours ahead of a closely-watched meeting of the U.S Federal Reserve. The European common currency rose as to as high as $1.0508 following the announcement, which comes…
US Futures Rise Ahead of Fed Rate Hike Decision
NEW YORK—U.S. markets were poised to rebound Wednesday ahead of expected action from the Federal Reserve to raise interest rates in its ongoing effort to cool inflation. Futures for the Dow Jones Industrial Average rose 0.6 percent and futures for the S&P 500 gained 0.8 percent while oil prices dipped. Economists believe the Fed could…
Cryptocurrency Market Wipes Out $2 Trillion in Value Since November Peak
The cryptocurrency industry has wiped out about $2 trillion in value since hitting a $2.9 trillion peak in November 2021. All of the major digital tokens are deep in the red this year. Bitcoin has slumped more than 53 percent to around $22,000. Ethereum has lost 68 percent to about $1,200. Cardano has plunged 65…
Musk’s SpaceX Faces Environment Hurdles; Coinbase Lays Off 1,100 Amid ‘Crypto Winter’ | NTD Business
Elon Musk faces feds. Regulators announce 75 actions his company SpaceX has to take before it can send a rocket to Mars. U.S. crypto exchange platform Coinbase is slaying off nearly one in five workers, warning of a possible crypto winter. Is China’s zero-COVID policy really for the well-being of the people? A new report suggests…
Binance Pauses Bitcoin Withdrawals Amid Crypto Sell-off
Crypto firm Binance paused withdrawals of Bitcoin (BTC) on Monday, claiming that a technical issue had left the company unable to process withdrawals as the crypto market suffered from a large-scale sell-off, bringing the value of Bitcoin to an 18-month low. Binance said that the issue was attributable to a “stuck on-chain reaction,” which prevented…
Crypto Firms Cutting Jobs as Market Declines Below $1 Trillion
June 14, 2022
admin
bitcoinBlockFiBusiness & MarketscoinbaseCompaniescryptocurrenciescryptocurrencyMarketsTechTech NewsUS
0 Comment
Multiple crypto firms have announced plans to cut jobs as the digital currency market continues to decline, with its total value falling below $1 trillion on June 13. BlockFi announced a reduction in its headcount by around 20 percent. CEO Zack Prince said in a June 13 tweet, “This is not a decision we take…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`