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#Cryptocurrency

Seekingalpha.com

Bitcoin fights to hold $36,000, following risk assets down

Cryptocurrency is under pressure with a sharp selloff throughout the day. Bitcoin (BTC-USD) -10% fell below $36K for the first time since the middle of last year. But it has since recovered that level. Ethereum (ETD-USD) -15% and Dogecoin (DOGE-USD) -8% are also tumbling. Bitcoin has already fallen more than...
STOCKS
Picture for Bitcoin fights to hold $36,000, following risk assets down

Bitcoin tumbles as cryptocurrencies continue their downward slide

New Delhi (CNN Business) — Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look to curb their growing popularity. Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am...
STOCKS
Picture for Bitcoin tumbles as cryptocurrencies continue their downward slide
CoinDesk

Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts

Don't write off Ethereum just yet. The second-largest blockchain network by market capitalization after Bitcoin has become the dominant venue for some of the hottest cryptocurrency innovations, from decentralized finance (DeFi) to non-fungible tokens (NFT). The network's popularity – and the high fees of transacting on it – has inspired...
MARKETS
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It's a Painful Day': Crypto Crash Roils Social Media

Cryptocurrency flame-out ignited a range of reactions on social media Friday, including concern, bravado and cynicism. Bitcoin, the world’s most known and traded digital token, tumbled following Thursday's rejection of a Bitcion ETF from Skybridge by the Securities and Exchange Commission and plans by the Russian government to ban the use and mining of all cryptocurrencies.
STOCKS
CNBC

As bitcoin drops below $40,000, here's what to know before investing in cryptocurrency: 'You have to be comfortable with the swings'

The cryptocurrency market, along with other riskier assets, is taking a big hit. Bitcoin is down 11% in the last 24 hours, according to CoinGecko. Hitting its lowest level since August, the largest cryptocurrency by market value dropped below $40,000 on Friday, and is currently trading at around $38,378. Some analysts predict that it could fall even lower.
STOCKS
The Verge

Congress weighs cleaning up cryptocurrency mining in the US

On Thursday, members of Congress debated how to make cryptocurrencies greener, as energy-intensive bitcoin mining booms in the US. One of the biggest questions was whether to use renewables to power the energy-hungry mining at the heart of bitcoin’s blockchain, or turn to other blockchains that don’t need as much energy in the first place.
CONGRESS & COURTS
scmagazine.com

Will ransomware gangs see flow of cash throttled by Russia cryptocurrency restrictions?

Russia's federal bank, the Bank of Russia, this week issued sweeping recommendations to restrict the local cryptocurrency ecosystem. With a substantial portion of the cybercriminal economy operating out of Russia, using cryptocurrency to transfer wealth, an unintended side effect of such laws may be to eliminate some of the comfort ransomware gangs have found in the region.
PUBLIC SAFETY
CNBC

Cryptocurrencies tumble, with bitcoin falling 10% and ether down 12%

Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 10% and was trading near $38,425 late Friday morning, according to Coin Metrics. Ether, the second-largest cryptocurrency by market cap, dived more than 12% to $2,807. The...
STOCKS

Mayors see cryptocurrency as a way to address income inequality

At the U.S. Conference of Mayors' meeting in D.C. this week, there's buzz around the idea of giving cryptocurrency accounts to low-income people. Why it matters: Cities have been experimenting with newfangled ways to address income inequality — like guaranteed income programs — and the latest wave of trials could involve paying benefits or dividends in bitcoin, stablecoin or other digital currencies.
INCOME TAX
Motley Fool

My Best Cryptocurrency to Buy Right Now

A high-profile legal challenge has weighed on XRP's price for more than a year. Whatever the final outcome, clarity in this case is bound to be good news for XRP investors. Insiders and legal experts agree that the final verdict (or settlement) is coming soon. The cryptocurrency sector as a...
MARKETS
CNBC

Cryptocurrency prices fall in December and investors blame omicron, climate change

Investors have shifted away from riskier investments like cryptocurrency due to the emergence of the Omicron variant. ESG investors are also concerned about the use of energy in cryptocurreny mining according to Lou Kerner, partner at BlockChain Co-Investors. Coins tied to the Metaverse, DeFi and GameFi are also pulling investor...
BUSINESS
ZDNet

The future of money: Where blockchain and cryptocurrency will take us next

We are on the precipice of a new form of finance that will use a range of technologies to change the way we use and manage one of our most fundamental tools: money. Gone are the days of taking out cash from an ATM, applying for a mortgage by visiting a bank branch, or shopping in a department store. Now, for many, conducting financial transactions of any kind is a purely online experience, escalated over the past two years by the COVID-19 pandemic. Increasingly, the future of money exists in the Ether, via phones and laptops.
MARKETS

A beginner's guide to cryptocurrency

By buying the naming rights to the arena formerly known as Staples Center, Crypto.com shone a national spotlight on the niche field of cryptocurrencies. Here is a guide to the world of bitcoin, digital wallets, smart contracts and other key pieces of the crypto puzzle.
LOS ANGELES, CA

Bitcoin Slides as Fed Studies Issuing a Cryptocurrency

The Federal Reserve released a study late Thursday raising the possibility of issuing a cryptocurrency and asking for public comments on the idea, but making clear that it wouldn't act without support from Congress and the White House. Prices for bitcoin fell sharply late Thursday, losing nearly $2,000 to $39,864.75...
CURRENCIES
Motley Fool

This Under-the-Radar Cryptocurrency Stock Could Outpace Bitcoin in 2022

Bitcoin has created enormous returns over several years, but could face a bear market in 2022. Palantir's Foundry platform will move cryptocurrency and blockchain technology forward. The stock could outperform Bitcoin this year. Cryptocurrency Bitcoin (CRYPTO:BTC) has been one of the best investments you could have made over the past...
STOCKS
Engadget

Robinhood opens cryptocurrency wallet to beta testers

Robinhood announced plans to test a cryptocurrency wallet within its app. At the time, the company said it would open the beta to a small number of people before expanding availability ahead of a full-scale release. If you joined the waiting list Robinhood create, you can now test the wallet for yourself – provided you were one of the first 1,000 people to sign up for the beta.
TECHNOLOGY
TechRepublic

Mozilla stops accepting cryptocurrency, Wikipedia may be next: Are dominos falling?

Mozilla announced a donation pause after co-founder Jamie Zawinski tweeted his opposition. Will more organizations follow suit and take the environmental impact of cryptocurrencies into account?. When the Mozilla Foundation took to Twitter on New Year's Eve to announce it was going to begin accepting cryptocurrency donations, it likely didn't...
TECHNOLOGY
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