bitcoin - Page 2

FTX founder Sam Bankman-Fried may have inflated the amount of funds on his failed exchange by “exaggerating the returns or stuffing them,” Breitbart Economics Editor John Carney explained.

Boom Market Goes Bust: Trading Volume on OpenSea NFT Marketplace Craters 99% from May Peak

Last year, Tesla invested $1.5 billion in Bitcoin, stating that the digital currency had “long-term potential.” Since then, the company has sold three-quarters of its holdings despite this rosy outlook on Bitcoin’s future.

Rep. Tom Emmer (R-MN) told Breitbart News that Bitcoin and other digital currencies can serve as a check on bad monetary policy as Americans continue to feel the brunt of record-level inflation.

El Salvador’s President Nayib Bukele told his constituents on Saturday night to stop worrying about the price of bitcoin and “enjoy life.” At Bukele’s urging, El Salvador became the first country to accept bitcoin as legal tender in June 2021.

Coinbase, the cryptocurrency exchange that spent millions of dollars on Super Bowl ads just months ago, is now laying off thousands of employees as cryptocurrency prices crash yet again. Coinbase isn’t alone in this reversal of fortune — Crypto.com is laying off staff just months after its widely mocked Super Bowl ad starring Matt Damon.

Microsoft founder Bill Gates recently discussed cryptocurrency and NFTs, stating that the asset trends are “100% based on greater fool theory.” Gates added, “I do think people get bought into these manias, who may not have as much money to spare. So I’m not bullish on bitcoin.”

The head of Europe’s ECB has claimed that crypto assets are “worth nothing”, but that a future centrally controlled digital Euro would be valuable.

As cryptocurrency continues to crash in value, Matt Damon is being mocked for starring in a commercial for Crypto.com less than a year ago.

The president of El Salvador, Nayib Bukele, announced on Monday that his nation had spent $15.3 million to purchase an additional 500 Bitcoins to add to the nation’s cryptocurrency reserves.

Billionaire investor Warren Buffett has once again lashed out at cryptocurrency and Bitcoin, stating that he wouldn’t buy “all of the Bitcoin in the world,” even if he could for the price of $25.

The parliament of the Central African Republic (CAR) passed a bill last week legalizing Bitcoin and other cryptocurrencies as official forms of currency, CAR’s presidency announced Wednesday.

Billionaire venture capitalist Peter Thiel recently took shots at Warren Buffett, referring to him as a “sociopathic grandpa from Omaha,” and Bitcoin’s “enemy number 1” Thiel’s fiery remarks came during a recent Bitcoin conference in Miami, Florida.

German investigators on Tuesday shut down a Russian-language darknet marketplace that they say specialized in drug dealing.

Teeka Tiwari, a crypto investment expert, said the Russia-Ukraine conflict will contribute to a rise in Bitcoin’s value over time.

Cryptocurrency expert Teeka Tiwari’s PickoftheDecade.com presentation helps investors understand the revolutionary blockchain technology powering the crypto market.

President Biden issued a highly anticipated executive order on cryptocurrency earlier today. The order mentions “national security” twenty times, and stresses the importance of maintaining the dominance of the U.S. dollar.

A digital dollar would be easier for the federal government of the United States to control than cash, but make it more susceptible to inflation and government controls than open-source currencies like Bitcoin.

Coinbase, one of the world’s top cryptocurrency exchanges, says it has blocked 25,000 cryptocurrency addresses linked to Russia, and released a statement saying it is “committed to complying with sanctions.”

The Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit that coordinates management of the global internet, has said it will not act on Ukraine’s demand to cut Russia off from the internet.

Binance.com, the world’s largest centralized cryptocurrency exchange, has rejected calls from the Ukrainian government to blacklist Russian users, saying it would “fly in the face” of the pro-freedom values of cryptocurrency to stop ordinary users from accessing the service.

In a speech at CPAC, Sen. Ted Cruz (R-TX) praised Nunchuk.io, a Canadian-based provider of custodial Bitcoin (BTC) wallets, for mocking the Canadian government’s lack of understanding of cryptocurrency after it received a demand to freeze wallets connected to the Freedom Convoy truckers — a demand it is technologically incapable of meeting.

Bitcoin and other cryptocurrency prices plummeted after Russia attacked Ukraine on Wednesday, but have partially recovered. Bitcoin was down as much as 8 percent following Russia’s invasion, but by Thursday afternoon had recovered much of the drop.

El Salvador President Nayib Bukele denounced on Wednesday an effort by U.S. senators to introduce legislation that would “mitigate potential risks to the U.S. financial system” allegedly posed by El Salvador’s adoption of the cryptocurrency Bitcoin as a legal tender.

Cryptocurrency trading company Coinbase is attempting to reassure its customers that its platform is stable following a Super Bowl ad featuring a bouncing QR code linking to a signup page for new accounts which promptly crashed the entire website. Coinbase claims the massive response led it to “temporarily throttling our systems.”

A New York couple describing themselves as “serial entrepreneurs” have been arrested and charged with conspiracy to commit money laundering and to defraud the U.S. government in relation to a $4.5 billion Bitcoin heist in 2016.

Biggest seizure of financial assets in U.S. history.

Eleven bipartisan lawmakers urged Treasury Secretary Janet Yellen to fix the “unworkable” cryptocurrency regulations created by the so-called bipartisan infrastructure bill.

The International Monetary Fund (IMF) on Tuesday “urged” El Salvador’s government to rescind the legal tender status it bestowed to Bitcoin, a type of cryptocurrency, in September 2021, indicating that its failure to do so could hinder El Salvador’s intention of securing a future loan from the financial institution.

House Financial Services Committee Ranking Member Patrick McHenry said in a statement on Wednesday that the House Democrats’ anti-China bill would do nothing to combat the “rise” of China, and that Democrats are “desperate” for a victory as their legislative agenda has stalled.

The cryptocurrency market saw $130 billion of its value wiped out in just 24 hours as leading cryptocurrencies continue a major sell-off.

House Financial Services Committee Ranking Member Patrick McHenry (R-NC) told Breitbart News exclusively that Republicans need to stop President Joe Biden and progressives’ “nefarious” assault on bitcoin and cryptocurrencies.

Popular cryptocurrency trading platform Crypto.com announced this week that it lost around $34 million worth of customers’ cryptocurrency in a recent hack.

Iran has banned the often energy-intensive process of cryptocurrency mining to reduce strain on its national power grid during the winter months, according to reports.

Florida Gov. Ron DeSantis (R) on Thursday unveiled a proposal that would allow businesses the option to pay state fees with cryptocurrencies as part of the state’s budget for next year. 

An unknown party recently hacked at least 700 smart home devices across South Korea and sold explicit images and videos accessed through the devices on the dark web, South Korea’s National Police confirmed Monday when announcing a criminal investigation into the incident.