Bitcoin

Crypto investors panicked as bitcoin and other digital coins continued to plummet. Titans who run leading marketplaces such as Coinbase and Binance were ...

The tech-heavy Nasdaq composite index is down 30% so far this year and has been heavily correlated with the price of bitcoin in recent weeks, according to Refinitiv data. “I feel for anyone who has been badly beaten up by what’s happening,” he said. Shares of Coinbase, the only major publicly traded cryptocurrency exchange, have fallen 84% since the company went public in April 2021. “I lost over 450k usd, I cannot pay the bank,” reads one of the top posts on the Reddit forum for Terra Luna, a cryptocurrency that has lost more than 99% of its value over the past week. “My ex-colleague attempted suicide,” reads another top post on the forum. While Luna’s collapse is the most spectacular, other cryptocurrencies are also in freefall.

The longtime bitcoin bull remains so, reminding that he's held the crypto through three 80% drawdowns.

Not long after he left Meta, where he headed the Novi and Diem projects, the fintech pioneer is now building a startup on top of the bitcoin blockchain.

Marcus testified on Capitol Hill, but his hearing performance didn't pacify politicians, and the project struggled. While he had a highly successful tour through PayPal and Facebook, he is back to playing to his strengths." The Lightning Network is a project designed to create faster and cheaper transactions on top of the bitcoin network.

El Salvador President Nayib Bukele revealed renderings earlier this week of Bitcoin City, which is designed by Mexican architect Fernando Romero, ...

The pitch is to power both the city and Bitcoin mining with the volcano’s geothermal energy, although the timing of the release was perhaps unfortunate. “Bitcoin City is coming along beautifully,” Bukele tweeted alongside a photo of the model. The proposed city, which is in the shape of a coin (also known as a circle), is supposed to sit between the Gulf of Fonseca and the Conchagua volcano.

SAN SALVADOR—Salvadoran President Nayib Bukele wanted to make a big splash at the glitzy crypto gathering last month in Miami, unveiling details of a ...

But first, he said, they need to get comfortable with the idea of a new form of money. “The 6 percent interest is a rip-off,” said Tatiana Marroquín, a Salvadoran economist and outspoken critic of the Bitcoin law. “He hasn’t followed through on the promises,” said Milla, an independent who was expelled from the conservative Arena party last year after the U.S. State Department blacklisted him in an unrelated matter, saying he corruptly facilitated the sale of a local island to a Chinese businessman (he denies wrongdoing). “Nothing’s going on. Such lackluster results have bred resentment in the expat-heavy community of Bitcoin enthusiasts and entrepreneurs that has sprung up in the country over the past year. Melvin Castillo, president of the ASCAV DE R.L. cooperative, explained how he came to use Bitcoin well before his president decided last June to make it an official currency. Around La Union, a seaside town near the site of the planned city, the landscape is still marked by dirt roads and open fields. At the Starbucks on Bulevar Del Hipodromo in an upscale section of San Salvador, a barista said that cash or credit remained the only way to pay. The anecdotal findings are echoed by a report released last month by the National Bureau of Economic Research, a Massachusetts-based nonprofit. Indicative of the national attitude was Doris Ponce, a 43-year-old juice vendor with a stall on the main plaza in Conchagua, a hilltop town near the proposed site of Bitcoin City. She refused to take the digital currency. Older Salvadorans remembered another abrupt transition, when El Salvador adopted the United States dollar in 2001, eventually ditching its sovereign currency, the colón. Many in the country have grown attached to the greenback, and were not enthusiastic about the introduction of a volatile, intangible alternative. Instead of basking in the international limelight, he was implementing a host of draconian measures that included prison time for members of the media who report statements from criminal groups. In El Salvador we are trying to rescue this idea and start the design of a country for the future, using the best … ideas from history and around the world,” he said.

The cryptocurrency declined toward $25,400 before quickly recovering back above the $27,000 support level. BTC is down by 2% over the past 24 hours and declined ...

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Further, BTC registered a countertrend reversal signal on the daily chart, per the DeMARK indicators. The cryptocurrency declined toward $25,400 before quickly recovering back above the $27,000 support level.

Coinbase CEO Brian Armstrong, the Winklevoss twins and other cryptocurrency moguls who bet big on bitcoin have reportedly seen their net worths plummet.

He said Coinbase issued the warning in order to comply with updated SEC guidance. Leading cryptocurrencies such as bitcoin and Ethereum have drawn scrutiny from regulators in recent months due to their propensity for volatile trading. Binance CEO Changpeng Zhao appears to have suffered the worst losses. Michael Novogratz, CEO of the crypto investment firm Galaxy Digital, has lost approximately $6 billion since last November and is currently worth about $2.5 billion. Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, has lost roughly half of his on-paper fortune since March and is now worth about $11.3 billion. Coinbase CEO Brian Armstrong’s net worth has plunged to approximately $2.2 billion this week – down from roughly $13.7 billion last November when the crypto market was going strong, according to the Bloomberg Billionaires Index.

The cryptocurrency crash is currently separating faithful followers from ambitious investors. Bitcoin — crypto's most stable coin — has dropped ...

That's the risk of trading." "If you were just trying to make some money playing the volatility of the crypto market, well that's on you. If you believe crypto is going to change the world, if you think that the chains and the coins that you're investing in and are accumulating are going to make positive changes in the coming years, then this is an opportunity," Bumbera said.

Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam Thursday. The world's largest cryptocurrency by market ...

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.

Having made Bitcoin legal tender in September 2021, the country has made several big currency purchases, frequently buying at prices well in excess of ...

The bond is worth $800 million, and the country has other debt repayment obligations on top of that. Sep 6, 2021 El Salvador's president Nayib Bukele is a big Bitcoin enthusiast.