Check out what’s clicking on FoxBusiness.com. Ethereum , the world’s second largest cryptocurrency in terms of market capitalisation, touched a new peak on Wednesday, with participants citing media reports about the European Investment Bank’s plans to launch a “digital bond” sale on the ethereum blockchain network. Stocks in this Article Ether is the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum… Source link

Yuriko Nakao/GETTY Bitcoin and Dogecoin both hit new all-time highs in April, but May appears to… Source link

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Bloomberg Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation (Bloomberg) — Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.Buffett… Source link

Today I’m going to weave together three seemingly unrelated stories from the past week to highlight a trend that I believe we are largely overlooking. Ready? First, Tesla’s Q1 earnings release revealed that the company sold $272 million worth of its bitcoin holdings in the first quarter. According to its CEO, Elon Musk, it did so to test the market’s liquidity. The $101 million it added to the company’s quarterly profit didn’t hurt, either. Second, crypto lender Genesis Trading (a… Source link

President Joe Biden is proposing to hike capital gains tax by nearly 50% from current levels for … [+] those with $1 million or more in income from wages and investment. The rich won’t be able to hide it in Bitcoin. Then again, neither can the rest of us. KMR Images Frustrated that savvy rich people will hide from the White House’s newly proposed tax hikes last week and sock it away into Bitcoin? Don’t worry. They can’t. And neither can the rest of us. If you’re selling… Source link

Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s $308 billion. The market cap figure is achieved by multiplying the last trade price by the total outstanding number of coins, regardless of whether they’ve been moved. Therefore, it seldomly reflects the average price… Source link

Blackouts in China and a leverage wipeout took a toll on Bitcoin two weeks ago, but the Godfather of … [+] crypto recovered well last week. This week, more of the same is expected. BTC $60,000 here we come. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images If you didn’t know Bitcoin was highly volatile, you probably do now. The grandfather of cryptocurrencies can drop $10,000 in value in 48 hours. The most… Source link

Bitcoin has beaten the stock market, but you might be shocked by how much. It’s been a wild ride for Bitcoin throughout its 11-year history, and that’s been especially true over the past year. Not only did the COVID-19 pandemic drive Bitcoin’s price lower initially, but it also seems to have helped accelerate investor interest in the leading cryptocurrency. Here’s a look at how Bitcoin has performed for investors over the past year and what has driven its performance. The short answer I won’t… Source link

Feeling a twinge of regret for ignoring the crypto market until now? These numbers aren’t going to make you feel any better. Cryptocurrency is booming right now, and it seems to be all anyone in finance wants to talk about. Those of us who are just starting to pay attention now are probably kicking ourselves for ignoring the opportunity years ago — when it would have been much cheaper to dip our toes in the water. How much was ETH worth 5 years ago? Ethereum is a decentralized blockchain (a… Source link