Bitcoin

‘Tesla Daily’ host Rob Maurer discusses how the electric vehicle company aims to build 1.5 million vehicles per year through their battery production. Investors’ love affair with bitcoin has become a double-edged sword as surging bond yields sparked a sell-off in risk assets, including bitcoin, and punished shares of companies that recently bought the cryptocurrency. “Higher interest rates led to a sell-off in tech stocks and the broad market,” said Marc Lichtenfeld, chief income… Source link

Coinbase Global Inc.’s filing to become a publicly-traded company provides a glimpse into the remarkably small circle of mostly men who command the incredibly lucrative digital landscape. This U.S.-based power list starts with Brian Armstrong, the now billionaire chief executive officer of Coinbase, and his co-founder, Fred Ehrsam, who went on to create Paradigm Operations. Fellow billionaire Fred Wilson of Union Square Ventures, and Andreessen Horowitz’s Chris Dixon, are among the… Source link

There’s a recent mania taking over the investing world, and it’s called cryptocurrency. Since the domain name Bitcoin.com was registered in 2008, the world has seen Bitcoin (CRYPTO:BTC) rise and fall, hitting just under $50,000 per token on Feb. 15, 2021. While many people are bullish on Bitcoin’s prospects, many others feel it’s just too risky for an average investor to hold in their portfolio. Which side are you on? We asked three Motley Fool… Source link

Billionaires from Microsoft founder-turned global philanthropist Bill Gates to Tesla chief executive Elon Musk are weighing in on bitcoin (even Mark Cuban can’t resist). After Musk sent the bitcoin price sharply higher with pro-bitcoin tweets, Tesla added $1.5 billion worth of bitcoin to its balance sheet—pushing bitcoin still higher. Now, with top Federal Reserve officials expressing their surprise at bitcoin’s latest bull run, Bill Gates has warned that people with less money than Musk… Source link

Bitcoin’s price turned choppy on Friday as the No. 1 cryptocurrency by market capitalization logged its worst weekly performance since March 2020 when the pandemic hit the global economy. Bitcoin (BTC) trading around $46,244 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $44,180.99-$49,325.91 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on… Source link

Billionaire Elon Musk threw $1.5bn into bitcoin before tweeting that its value does “seem high.” Microsoft founder Bill Gates, a centibillionaire himself, recently warned investors against losing their shirts with risky cryptocurrency, telling Bloomberg News he is not bullish on bitcoin, partly for environmental reasons. And United States Treasury Secretary Janet Yellen said that bitcoin is inefficient for actually carrying out transactions and is highly speculative. Yet bitcoin is the… Source link

No one knows what will happen with Bitcoin. Not the skeptics, not the believers, not even Satoshi Nakamoto. There is no crystal ball.  Many of the sharpest minds in crypto embrace that uncertainty, broadly agreeing that we just don’t know. And perhaps that’s part of the allure. “Most of the biggest use cases 10 years from now will be things that would sound insane to us today,” says Elizabeth Stark, who, as the head of Lightning Labs, is quite literally trying to build the Bitcoin… Source link

The MS Satoshi, an 804-foot-long ship, was sold for scrap and was last reported to be steaming to a yard in India to be broken up. Photo: Ocean Builders … Source link

Author and self-styled investment diva Kiana Danial was recently asked by a television interviewer about her expectations for bitcoin over the next 12 months. She replied, “I don’t give price predictions,” after which she predicted that the price would triple in the next year. Never let logical or linguistic consistency get in the way of a good story. The price of bitcoin, the most well-known of cryptocurrencies, has almost doubled this year, attracting attention from both serious… Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets. … Source link