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#Crypto

Bitcoin falls as China takes aim once again at 'extremely harmful' crypto mining

Hong Kong (CNN Business) — Chinese authorities are ramping up a crackdown on crypto mining, calling it an "extremely harmful" practice that threatens to jeopardize the country's efforts to reduce carbon emissions. The National Development and Reform Commission spokesperson Meng Wei blasted bitcoin mining during a press conference Tuesday in...
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CNN

Deciding whether to invest in Bitcoin? Here are the other big names in crypto

New York (CNN Business) — Cryptocurrencies have hit new all-time highs this month as they become more appealing to mainstream investors. Bitcoin, the most popular digital currency, soared to a new all-time high of nearly $70,000 per coin this week. It has climbed almost 125% this year, while the good old S&P 500 (SPX) is up less than 24%.
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The Verge

Brave built its own crypto wallet into its browser

Brave has announced that its web browser now includes a native cryptocurrency wallet, replacing the previous one that was based on the MetaMask wallet extension. With it, most users should have their blockchain needs covered (depending on what blockchain they use, more on that in a second): they’ll be able to buy, sell, and trade cryptocurrencies like Ethereum, store their NFTs, keep track of how much coins are selling for, and experience the magic of Web3, or websites that have built-in blockchain features.
SOFTWARE

Crypto Is Tanking Right Now—Here Are the Main Reasons Why

With crypto suffering a major overnight blow, investors in the alternative asset class are wondering what steps to take. The decision to buy, sell, or hold any security depends on the context of the crash, so let's get into what's causing crypto to tank right now. Article continues below advertisement.
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CNN

First on CNN: MLB superstar Shohei Ohtani takes a stake in crypto firm FTX

New York (CNN Business) — Baseball's newest superstar is lending his global celebrity status to one of the fastest-growing brands in the crypto world. On the heels of an historic season, Los Angeles Angels phenom Shohei Ohtani is joining cryptocurrency exchange FTX as a global ambassador and taking a stake in the company, FTX told CNN Tuesday.
NFL

Is It Too Late To Get Into The Crypto Game?

Our lives are like movies. We’re the main characters of ’em—the protagonists of our personal plots—and there’s almost always an antagonist, probably a love interest and, ideally, a confidant. In today’s times, there’s also the holy grail of gurus: the crypto aficionado. That’s right: If you’re not that someone, you almost indubitably have that someone in your life who serves as the call-them-crazy crypto cognoscente.
BUSINESS

Why Naser Taher’s MultiBank Plans A One-Stop-Shop For Crypto

“There are a lot of cowboys out there,” warns Naser Taher, chairman of Hong Kong-headquartered MultiBank Group, as he explains his vision for a full-service cryptocurrency exchange that offers credibility and trust. Taher, who is launching the exchange and a broader cryptocurrency ecosystem with his son Zak Taher, thinks there is huge potential for such a platform. “No other financial institution can offer everything we offer in the same place,” he insists.
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Crypto rally lifts ether to new record, bitcoin to near 3-week high

SYDNEY, Nov 8 (Reuters) - Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears. Bitcoin jumped more than 4% to as high as $66,170, approaching the unprecedented $67,016.50 level reached on...
BUSINESS
bitcoin.com

Shopping.io Launches First Annual Crypto Tuesday

PRESS RELEASE. Shopping.io, an innovative crypto e-commerce platform, announces its first ever Crypto Tuesday event, taking place on Tuesday, November 30, 2021. Crypto Tuesday is the first-of-its kind discount event that happens online through the Shopping.io platform right after Black Friday and Cyber Monday. Shopping.io is an innovative way for...
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TechCrunch

How much money can crypto gaming absorb in the near term?

Hello and happy weekend! Today we’re talking insurtech, SPACs and how well direct listings can manage the IPO pricing question. But first, crypto. The crypto beat was busy this week, with Coinbase earnings giving us a good look into just how busy trading activity was for the asset class in the third quarter. If you recall Robinhood’s earnings, what Coinbase had on offer won’t prove a surprise. After the American equity investment platform’s crypto revenues fell sharply, Coinbase also posted declines in its aggregate trading volumes and revenues compared to the second quarter of the year.
GAMBLING
CoinTelegraph

US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud

The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect. In a Tuesday announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the funds to provide restitution to BitConnect victims. The U.S. government is currently holding the $56 million in crypto in wallets, and said the amount of compensation to those affected by BitConnect’s fraud would depend on a “future restitution order by the court at sentencing.”
U.S. POLITICS
TechCrunch

Lessons from a crypto entrepreneur: A conversation with Nader Al-Naji of BitClout

In 2018, roughly 16 months after raising $140 million from investors for a cryptocurrency startup that aimed to develop a stablecoin, Al-Naji and his Princeton classmates returned $130 million when they couldn’t make a go of things. As Al-Naji came to realize at the time, Basis’ technology road map and U.S. securities regulations didn’t quite mix.
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