As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin

China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when Musk made the announcement, the value of the whole cryptocurrency market stood at around $2.43… Continue reading As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin

MoneyGram to let cryptocurrency holders cash in their investments

nascent digital currencies. The money transfer firm said Wednesday it had teamed up with bitcoin exchange and ATM operator Coinme on the feature. In the coming weeks, new and existing Coinme users will be able to buy crypto with cash or withdraw it from thousands of MoneyGram’s brick-and-mortar locations in the U.S. The companies plan… Continue reading MoneyGram to let cryptocurrency holders cash in their investments

Ethereum: What is it and how is it different to bitcoin

Ether, the world’s second-largest cryptocurrency, has been stealing the limelight from bitcoin lately. The digital coin hit a record high above $4,000 on Monday and is now up over 450% since the beginning of 2021. That doesn’t come close to the returns on meme-inspired crypto dogecoin, which is up over 11,000% year-to-date. But many crypto… Continue reading Ethereum: What is it and how is it different to bitcoin

Dogecoin plunges nearly 30% during Elon Musk’s SNL appearance

As Elon Musk – the self-proclaimed “Dogefather” – made his “Saturday Night Live” debut, the price of dogecoin fell off a cliff. The meme-inspired cryptocurrency fell as much as 29.5%, dropping to 49 cents at one point. Musk mentioned dogecoin in his opening monologue and on “Weekend Update,” SNL’s satirical news show. In a Q&A… Continue reading Dogecoin plunges nearly 30% during Elon Musk’s SNL appearance

Saturday Night Live’: Host Elon Musk Tries to Explain Dogecoin Popularity and Twitter Freaks Out

Elon Musk took the Studio 8H stage over the weekend for his Saturday Night Live hosting debut and, as many expected, there was a lot of cryptocurrency talk. The controversial tech mogul had fans and critics debating the choice to tap him as a host in the lead-up to Saturday’s episode. However, one of the… Continue reading Saturday Night Live’: Host Elon Musk Tries to Explain Dogecoin Popularity and Twitter Freaks Out

Elon Musk: ‘Cryptocurrency is promising, but please invest with caution

Elon Musk, the CEO of Tesla and SpaceX, has been a key proponent in the latest surge of interest in dogecoin, according to analysts, as he consistently tweets about the cryptocurrency. But ahead of his appearance on “Saturday Night Live” on NBC on May 8, Musk had a new message for his 53 million Twitter… Continue reading Elon Musk: ‘Cryptocurrency is promising, but please invest with caution

If crypto cracks in the summer months, this will be ‘one of the easiest shorts’ in

Could the cryptocurrency craze cool off come summer? Closely watched digital assets including bitcoin, ether, litecoin, dogecoin and ripple rallied Wednesday, fueled by a speculative frenzy around the space that has continued to drive demand in 2021. Dogecoin in particular has been surging ahead of Elon Musk’s upcoming “Saturday Night Live” appearance on May 8,… Continue reading If crypto cracks in the summer months, this will be ‘one of the easiest shorts’ in

Ethereum breaks past $3,000 to quadruple in value in 2021

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system. Ether, the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to… Continue reading Ethereum breaks past $3,000 to quadruple in value in 2021

Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

In December, the SEC filed charges against the firm, Garlinghouse and a Ripple co-founder, alleging they raised more than $1.3 billion through an unregistered securities offering. Garlinghouse said the U.S. has yet to provide clear regulatory guidelines for cryptocurrencies unlike countries in Asia. “I give credit to markets like Singapore and even parts of Korea… Continue reading Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

Novogratz: Dogecoin, bitcoin are both rallying but these cryptocurrencies are quite different

Longtime cryptocurrency bull Mike Novogratz stressed Tuesday that bitcoin and dogecoin, while both have staged strong rallies this year, are very different in design and in their risk profiles. Bitcoin was launched in 2009 and it’s grown in fits and starts into the world’s biggest digital currency. On the other hand, dogecoin was started as… Continue reading Novogratz: Dogecoin, bitcoin are both rallying but these cryptocurrencies are quite different