NEW YORK—Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. A Florida jury found that Wright did not owe half of 1.1…
Bitcoin Back Over $50,000, as Market Calms After Weekend Turmoil
December 7, 2021
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HONG KONG—Bitcoin rose 1.5 percent in early Asia on Tuesday, after firming overnight in line with equity markets and other risk assets, but many crypto traders remained on edge after Saturday’s sharp and sudden plunge. The world’s largest cryptocurrency was last around $50,800, having closed a choppy day on Monday 2.2 percent higher. “The general…
Bitcoin Keeps Tumbling, Billions Wiped Off Crypto Markets
Bitcoin again took a tumble on Monday after a weekend rout that took out more than a fifth of the token’s value at one point in a tumultuous period that saw more than $400 billion getting wiped off crypto markets. Currently hovering at around $48,373, Bitcoin futures are back where they were during early October….
Bitcoin Plunges 12 Percent as Omicron Fears and Fed Taper Bets Continue to Pressure Risk Assets
Bitcoin and other cryptocurrencies fell sharply on Dec. 4, in another sign that Omicron uncertainty, concerns about surging inflation, and firming expectations that the Fed will speed up its pullback of stimulus are feeding a wave of risk-off sentiment. By 8:14 a.m. New York time, bitcoin was down 12 percent at $47,177 on Coinbase, while…
NTD Business Full Broadcast (Dec. 3)
A mixed picture for the job market — American employers added less jobs than expected, but the unemployment rate also dropped. Big banks on wall street are talking about using bitcoin-backed loans. some are excited. some are not. Supply chain crisis hits the footwear industry hard – But New Balance is thriving, what’s its secret?
Facebook Owner Meta Relaxes Rules on Cryptocurrency Adverts
December 2, 2021
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Meta, formerly known as Facebook, updated its ad platform criteria for cryptocurrencies on Wednesday, by expanding the number of accepted regulatory licenses from three to 27, citing an increase in regulations as well as the stability achieved in the industry. “Over the years the cryptocurrency landscape has matured and stabilized and experienced an increase in…
Square Changing Name to Block to ‘Acknowledge Company’s Growth’
December 2, 2021
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Square Inc., the financial services and digital payments company co-founded and led by former Twitter chief Jack Dorsey, is changing its corporate name to Block Inc., it announced in a statement late Wednesday. The name change comes just days after Dorsey stepped down as CEO Twitter, which he helped found in 2006. Twitter named its chief technology officer, Parag Agrawal,…
Bitcoin Falls as New COVID-19 Variant Sparks Panic in Market
Bitcoin enters bear market territory as the cryptocurrency fell eight percent in the last 24 hours to trade at $54,176, reaching its lowest level since the first week of October amidst a market panic over a new heavily-mutated variant of COVID-19 emerging from South Africa. When an asset declines 20 percent or more, it effectively…
Bitcoin Falls Into Bear Market as New COVID-19 Variant Spooks Markets
Bitcoin enters bear market territory as the cryptocurrency fell eight percent in the last 24 hours to trade at $54,176, reaching its lowest level since the first week of October amidst a market rout over a new heavily-mutated variant of COVID-19 emerging from South Africa. When an asset declines 20 percent or more, it effectively…
China to Impose Punitive Fees on Cryptocurrency Mining Amid Power Shortage
China’s National Development and Reform Commission (NDRC) on Nov. 16 announced that it will impose “punitive electricity prices” on some cryptocurrency miners. In a press conference, Meng Wei, spokesperson for NDRC, stated that the measure will be imposed on companies that mine crypto and only pay residential electricity prices. In addition, industrial-scale mines and state-owned…
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