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Bitcoin’s recent price crash doesn’t necessarily mean the cryptocurrency is faltering, crypto investor Anthony Scaramucci believes. The SkyBridge Capital boss compared the recent crash in digital currencies to the tech shakeout during the dot-com era of the late 1990s, when many companies collapsed or fell by the wayside. “But quality things lasted,” he said in a CNBC interview Tuesday, noting that eight times, Amazon’s stock has dropped by at least 50% from its price on going public in 1997. A $10,000 investment in Amazon at the time of its initial public offering would have generated gains of $22 million today, he added. “Ultimately, it’s about buying quality and…
In a strengthening of its ties to cryptocurrency and blockchain technology, the Argentine Football Association (AFA) has announced a partnership with crypto-exchange Binance. Under the terms of the five-year agreement, Binance will become a naming sponsor of the Argentinian national football team and the Argentine Primera División, as well as an official Fan Token provider. Bianace has further detailed that the Fan Token will be ‘launched on the market shortly’, whilst the company has also lauded the deal as its first collaboration with a national football team, ahead of the FIFA World Cup in Qatar later this year. Claudio Tapia, President of the AFA,…
“Order! Order!” Former speaker of the House of Commons John Bercow bellows his infamous catchphrase down the barrel of a camera. “Is intelligence in the room? Stop selling!” At the request of Crypto Boole, a Twitter account, Bercow has recorded a message on video-sharing site Cameo. His message is simple: keep calm and HODL through the dip. Celebrities are often paid to record messages on the site, but Bercow’s interest is emblematic of how the political classes are beginning to sit up and take notice of the rapid expansion of cryptocurrencies again. After an initial wave of interest from MPs…
The cryptocurrency market, which boomed at the beginning of the pandemic, has fallen precipitously from its all-time high. Since November 2021, a sell-off of the emerging asset class has halved its global market value from $3 trillion to $1.5 trillion as of Jan. 24. While crypto has been an exceptionally volatile asset class, its fortunes have largely escaped the influence of traditional market forces. Over the last five years, its massive price gains appear to be driven by a heady mix of speculation, network effects, and hype. So what’s causing the latest downturn? The sell-off may have far more to do…
Bitcoin may have dipped more than 13 percent in value over the past week, but the third-largest holder of Bitcoin hasn’t shied away from buying the dip and added another BTC 551 to their kitty — surpassing MicroStrategy’s overall kitty of Bitcoin. The whale’s latest spree of 551 Bitcoins was bought at an average of $45,219, taking the total Bitcoin holding to BTC 124,485, which is now more than what Michael Saylor’s public-traded company, MicroStrategy holds, at BTC 124,391. As per a report by CryptoPotato, the whale has been accumulating the most popular cryptocurrency at every opportunity lately, making the most…
A different kind of ATM is popping up in stores, supermarkets and malls across Southwestern Pennsylvania. These, however, are not intended to spit out dollars. They offer cryptocurrency — a decentralized, digital currency that has no government backing or regulation. Its value is volatile, fluctuating like a stock. It relies primarily on how much investors will pay and speculation on its future worth. In the past year, dozens of cryptocurrency ATMs have gone live throughout the region to make it more convenient for people to buy and sell digital money. Operators such as American Crypto, Bitcoin Depot, Bitcoin of America,…
Bitcoin rebounded from six-months lows as a ‘dead-cat bounce’ in global equity markets helped, for now at least, calm investor fears and prompted bargain hunters to take advantage of the 50% falls in some crypto currencies. Bitcoin was up 2.77% at US$36,000 in morning deals, having fallen below the key US$33,000 level yesterday. Ethereum also found some support but peers Cardano and XRP continued to languish. The world’s two leading digital tokens have slumped over 50% since record highs in November as investors seek safe havens from rising inflation and as China banned crypto mining amid fears of tightening global regulation.…
The Nvidia GeForce RTX 3080 graphics card you’ve been after to complete your “Extreme Gaming PC” build is still in short supply but finally getting slightly cheaper. That’s thanks to a drop in crypto mining participation as the value of Bitcoin and other blockchain currencies plummet ahead of what some analysts are calling a new “crypto winter.” Sounds bad for the server farms cooking the planet for short-term gains, but good for anyone looking to play Starfield on ultra settings later this year. As CNBC reported yesterday, Bitcoin and Ethereum are both down nearly 50% from their peaks just a few months ago. Whether you think…
The good news for developers is that the next time someone (usually a reporter) asks them when Ethereum 2.0 is coming, they’ll have an answer: Never. The bad news? They’ll have to get a bit technical to explain why. The Ethereum Foundation today, following the lead of the blockchain’s core developers, announced that the term “Ethereum 2.0” is being retired in favor of “consensus layer.” The rebrand reflects the fact that what’s been called Ethereum 2.0 is really more of a network upgrade rather than a whole new network. To be sure, some major things are still set to change. Ethereum is shifting away…
The real estate listing reads like your typical Bay Area condo – a tidy, two-bedroom, one-bathroom, with upgraded appliances, granite countertops and just a 10-minute bike ride to Google headquarters and downtown Mountain View. But the Silicon Valley seller and agent added a sweetener for the crypto-savvy: Bring your offers in bitcoin, Ethereum or other virtual currency and we’re willing to consider a deal. “It’s not as difficult as it may seem,” said real estate agent Greg Bryant, who listed the property for his client, a tech professional. “Sellers should be less afraid.” Cryptocurrency — gaining popularity with investors, venture…