PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, news outlet CoinDesk reported Tuesday, citing three sources familiar with the situation. From the report: Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer. “PayPal is buying…
Tag: cryptocurrency
Bitcoin Could Either Become Preferred Currency For International Trade Or Face a ‘Speculative Implosion,’ Citi Says
An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
Bill Gates, Elon Musk Both Warn ‘Don’t Go Too Far with Crypto Speculation’
From a report:
Microsoft CEO Bill Gates has an interesting take on who should buy Bitcoins. He being the third richest man in the world said that Bitcoins are not for him because he has less money than Tesla CEO Elon Musk. So basically anybody who has less money than Musk should not invest in Bitcoin… Gates during an interview with Bloomberg…
Did ‘Tens of Thousands’ of Bot Accounts Hype GameStop’s Stock and Dogecoin?
Reuters reports: Bots on major social media platforms have been hyping up GameStop Corp and other “meme” stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy… it is unclear how influential they were in the overall saga… PiiQ said it identified very…
Vast Energy Use of Bitcoin Criticized
The University of Cambridge Centre for Alternative Finance has calculated that Bitcoin’s total energy consumption is somewhere between 40 and 445 terawatt hours (TWh) a year, with a central estimate of about 130 terawatt hours, reports the BBC: The UK’s electricity consumption is a little over 300 TWh a year, while Argentina uses around the same amount of power as the…
Dropping Nearly 20%, Bitcoin Suffers Worst Weekly Drop in a Year
“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,” reports Fortune: The largest cryptocurrency slumped as much as 20% this week, the most since March, and was holding at about $46,925 as of 10:22 a.m. in Hong Kong. The wider Bloomberg Galaxy…
Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000
In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the…
Start-up founder Mary-Brenda shares how learning can empower you to discover a world without limits
Meet Mary-Brenda! She is an entrepreneur and founder of a social impact start-up focused on expanding access to affordable, clean energy throughout Nigeria. She is also a lifelong learner with ambitious academic goals and a thirst for new skills and knowledge that she can apply to make a positive impact in the world. She ultimately […]
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Bill Gates Questions Societal Value of ‘GameStop’ Mania, Argues It’d Be ‘Good to Get Rid of’ Bitcoin
The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
Dogecoin Has a Top Dog Worth $2.1 Billion
The dogecoin market has a pack leader. From a report: Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation — a stake worth about $2.1 billion at current prices [Editor’s note: the link may be paywalled; alternative source]. The holder’s identity isn’t known, which is common in the opaque world of digital currencies….