Tag: crypto assets
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Elon Musk says dogecoin fees have to fall for it to become a viable form of payment, after AMC suggests it might accept the token for movie tickets
Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk says dogecoin fees would have to fall for it to become a viable payment option. His tweet came after AMC's CEO said the movie-chain operator may accept dogecoin for movie ticket payments. Musk's latest tweet suggests he isn't sure about adopting dogecoin for Tesla yet.…
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Huge outflows cause Grayscale Bitcoin Trust to sink to first discount to bitcoin since 2017
The Grayscale Bitcoin Trust has fallen sharply Together with the cryptocurrency itself SOPA Images/Getty Images The Grayscale Bitcoin Trust plunged this week, with investors withdrawing money at the fastest rate in nearly a year.It closed in a 3.77% reduction on Thursday, a sharp reversal after trading in a hefty premium to bitcoin.The bitcoin price itself…
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PayPal’s finance chief says the company is unlikely to invest in cryptocurrencies, but sees massive potential in digital wallets
Spencer Platt/Getty Images PayPal is interested in making investments that drive growth, rather than investing in cryptocurrencies.But it believes the transition to digital currencies is inevitable and sees massive potential in digital wallets.CEO Dan Schulman told CNBC the company takes its capital allocation “quite seriously.”Sign up here for our daily newsletter, 10 Things Before the Opening…