Bitcoin dropped 6.1 percent to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9 percent from the year’s high of $48,234 on March 28. Several big players in the cryptocurrency markets have had difficulties, and further declines could force other crypto investors to…
G7 to Explore Price Caps on Russian Oil; Ernst & Young to Pay $100M for CPA Cheating | NTD Business
G7 leaders agree to look into price caps on Russian oil. Would it have an impact on Russia’s finances? Warren Buffett is on a buying spree, purchasing hundreds of thousands more shares of an oil company. A prominent crypto hedge fund defaults on a loan worth hundreds of millions of dollars. It’s the latest victim of the…
G-7 to Explore Price Caps on Russian Oil; Ernst & Young to Pay $100M for CPA Cheating | NTD Business
G-7 leaders agree to look into price caps on Russian oil. Would it have an impact on Russia’s finances? Warren Buffett is on a buying spree, purchasing hundreds of thousands more shares of an oil company. A prominent crypto hedge fund defaults on a loan worth hundreds of millions of dollars. It’s the latest victim of the…
Crypto Firm Harmony Hit by $100 Million Heist
LONDON—Crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers. Harmony develops blockchains for so-called decentralized finance—peer-to-peer sites that offer loans and other services without the traditional gatekeepers…
Meta and Other Tech Giants Form Metaverse Standards Body, Without Apple
Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies’ nascent digital worlds compatible with each other. Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to…
Crypto Industry Fears Contagion as Bitcoin Slips Under $20,000
LONDON/HONG KONG—The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours—roughly the peak of…
Does Crypto Lending Affect Your Credit Score?
June 19, 2022
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Although very popular and quickly becoming mainstream, cryptocurrency is something that still seems to confuse many people. Throw in a new financial system made up of FinTech companies that provide crypto loans and other crypto-related services. Then things start getting even more confusing, which is why all efforts to unravel this new technology are essential…
Elon Musk Addresses Crypto Scams and Payments in Twitter Staff Meeting
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…
Jeffrey Gundlach Correctly Predicted Bitcoin Would Retreat to $20,000: Here’s His Next Call on the Crypto
Bitcoin has fallen more than 50 percent since the start of the year and one investor says he wouldn’t be surprised to see it cut in half again. What Happened Billionaire investor Jeffrey Gundlach on Wednesday warned that Bitcoin’s plunge may not be over. “It looks like it’s being liquidated,” Gundlach said Wednesday on CNBC’s “Closing…
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….
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