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The news comes one day after the Tesla CEO disclosed his ownership of 9.2% of Twitter, making him the companyâs largest individual shareholder. Tesla CEO and Twitter board member Elon Musk (Getty Images, modified by CoinDesk) Dogecoin (DOGE) is up 11%, per Messari data, following Twitterâs (TWTR) announcement of Elon Musk as the newest member of its board of directors....
SPONSOREDWelcome to ReverseDAO - Rewards in the Metaverse, a project that connects real-world loyalty rewards and crypto-assets! The loyalty programs market capitalization in 2020 was at USD 1.6 trillion, with only a 7% redemption rate - up to billions of dollars in reward points and virtual points expire and go to waste every passing year. Assets are unfortunately scattered across...
"I think it's time for us to move in that direction," the Democratic senator told NBC's Chuck Todd, in an interview to be aired Thursday night. U.S. Sen. Elizabeth Warren (D-Mass.) says it's time for the U.S. to create its own central bank digital currency (CBDC). Warren spoke with NBC's Chuck Todd on "Meet the Press Reports," scheduled to air...
Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off. EU Parliament (artjazz/Shutterstock) European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy. More than 90 lawmakers voted in favor of the proposal,...
The coordinated legal push resembles BlockFi's legal battle, which ended in a $100 million fine and pledges to register as a security. Steve Ehrlich, co-founder and CEO of Voyager (YouTube) Securities regulators in at least seven U.S. states are scrutinizing Canadian crypto investments firm Voyager Digital over its offering of interest-bearing crypto accounts, Director of the Alabama Securities Commission Joseph...
The largest cryptocurrency by market capitalization has risen six consecutive days and gained over 12% since last Sunday upon a broader asset rally and Luna BTC buys. BTC increase since March 20 (TradingView) Bitcoin briefly blew past its 2022 yearly breakeven point of $47,201, reaching as high as $47,524 before settling back in the $46,850 range by early afternoon Asia...
The Texas city will investigate the feasibility of adopting âbitcoin or other cryptocurrenciesâ with a study due in mid-June. Austin city council (courtesy Sam Padilla) Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL. Austin, Texas took a step toward bitcoin adoption Thursday as city councilors greenlit a plan to investigate the feasibility of accepting tax payments...
Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say. Jerome Powell speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, D.C., on March 21, 2022. (Valerie Plesch/Bloomberg via Getty Images) Itâs been almost a week since the U.S. Federal Reserveannouncedthat it would raise interest rates...
The decrease is likely a result of miners unplugging their machines due to high energy costs, said Compass Mining CEO Whitt Gibbs. The difficulty of mining a bitcoin (BTC) block dropped 0.35% on Thursday, the second time this month, after a consistent climb since November. On March 3, mining difficulty dropped 1.5%, data from information platform Glassnode shows. The difficulty...
The letter of intent was signed by both parties on March 3 and already approved by the Chamber of Deputies. Buenos Aires, Argentina (Sander Crombach/Unsplash) The Argentine Senate will be voting on a letter of intent the country struck earlier this month with the International Monetary Fund (IMF) that includes a provision discouraging the use of cryptocurrencies. The agreement would...
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