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The 225-year-old auction house joins larger rivals Christie's and Sotheby's in offering the ability to pay in crypto. British auction house Phillips will accept ether (ETH, -10.5%) and bitcoin (BTC, -9.66%) in an upcoming auction of artist Banksy’s “Laugh Now Panel A,” estimated to be worth between US$2.8 million and $4.1 million. As reported by the South China Morning Post...
Musk's broken heart sent BTC down nearly 7%. Bitcoin fell Friday after Tesla CEO Elon Musk put out a cryptic tweet hinting at a breakup with the largest cryptocurrency. Musk tweeted a broken heart with the bitcoin (BTC, -1.14%) logo and a picture showing a couple in the midst of a breakup during the Asian hours. The crypto community took...
Musk's broken heart sent BTC down nearly 7%. Bitcoin fell Friday after Tesla CEO Elon Musk put out a cryptic tweet hinting at a breakup with the largest cryptocurrency. Musk tweeted a broken heart with the bitcoin (BTC, -4.44%) logo and a picture showing a couple in the midst of a breakup during the Asian hours. The crypto community took...
The exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version. Coinbase’s professional trading platform is adding the meme-inspired cryptocurrency dogecoin (DOGE, +22.43%), the exchange announced Tuesday. Coinbase Pro said in a blog post that users could transfer DOGE into their professional trading accounts, with trading expected to launch on Thursday “if...
The rising popularity of cryptocurrencies such as bitcoin is “of great concern,” according to Derville Rowland, one of the top officials at Ireland’s central bank. “Crypto assets are quite a speculative, unregulated investment,” and people should be “really aware they could lose the whole of that investment,” the central bank’s director general for financial conduct said in an interview. Rowland,...
Star investor Cathie Wood has a message of reassurance for Bitcoin investors amid the din of ever harsher regulatory rhetoric: officials won’t be able to make the largest cryptocurrency go away. Tough talk against digital tokens from China and calls for greater scrutiny in Europe and the U.S. have contributed to a slump in Bitcoin, but Wood said the virtual...
“We continue to closely and actively follow developments around cryptocurrencies,” said Wells Fargo CEO Charles Scharf in a statement. CEOs from three major Wall Street banks plan to discuss cryptocurrencies before the U.S. Congress this week. CitiGroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley and Bank of America are set to appear before the Senate Banking committee today and...
As Cryptocurrency Gathers Steam, The IRS Moves To Tackle Virtual Currency Tax Evasion Earlier this week, Eth logged its first loss after trading at $3,779.81 for the first time. Investors of the second-largest cryptocurrency will be celebrating as they enjoy increasing gains - just like cryptocurrency investors across the globe. Recently, CNBC’s Jim Cramer shared that he had repaid his...
The exchange made the move on the heels of a series of crackdown notices from Bejing in recent weeks. Cryptocurrency exchange Huobi said it has scaled back or suspended some of its services and products in certain countries and has stopped its miner hosting services in mainland China in response to the recent crackdown on crypto in that country. News...
China’s reiterated crypto ban sharpens the focus on the financial sector. China’s crypto warning on Tuesday may look similar to previous notices. However, it conveys a pointed message to commercial banks and payment companies that have been friendly to crypto-related businesses. The National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China...