Sotheby’s to accept bitcoin and ether for an upcoming auction of a Banksy painting

Sotheby’s announced Tuesday it will accept bitcoin and ether in an upcoming auction of Banksy’s “Love is in The Air.” It represents the first time a major auction house will accept the two cryptocurrencies as payment for a physical piece of art, according to Sotheby’s. The winning bidder can also pay in U.S. dollars. “What… Continue reading Sotheby’s to accept bitcoin and ether for an upcoming auction of a Banksy painting

You can now buy bitcoin and other cryptocurrencies on Venmo—here’s what you need to know

Venmo on Tuesday announced that it will allow users to buy and sell cryptocurrencies on its platform. That means 70 million monthly active users will soon have access to bitcoin, ethereum and other digital tokens at a time when their value has never been higher. Here’s what you need to know about buying bitcoin on… Continue reading You can now buy bitcoin and other cryptocurrencies on Venmo—here’s what you need to know

CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming

Governments around the world may start to clamp down on the use of bitcoin and other cryptocurrencies, the CEO of a top crypto exchange has warned. A number of officials — from U.S. Treasury Secretary Janet Yellen to European Central Bank President Christine Lagarde — have sounded the alarm about the use of bitcoin for… Continue reading CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming

Powell calls cryptocurrencies ‘not really useful stores of value’ and says Fed will move slowly

Federal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is no hurry to introduce a competitor. “They’re highly volatile and therefore not really useful stores of value and they’re not backed by anything,” Powell said during a virtual panel discussion on digital banking hosted by… Continue reading Powell calls cryptocurrencies ‘not really useful stores of value’ and says Fed will move slowly

Mark Mobius: I hope and pray that bitcoin doesn’t crash

The astronomical rise in cryptocurrencies could be a driving force behind some of the stock market’s success, according to emerging and frontier markets expert Mark Mobius. During a CNBC PRO Talks with Martin Soong on Wednesday, the founder of Mobius Capital Partners suggested that investors who had found themselves on the right side of the… Continue reading Mark Mobius: I hope and pray that bitcoin doesn’t crash