Tag: crypto
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US stock futures hold near record highs as investors eye Biden-Xi talks, while Beijing’s mining warning pounds crypto
US President Joe Biden and Chinese President Xi Jinping at their virtual meeting. Tingshu Wang/Reuters US stock futures drifted, as investors focused on talks between US President Joe Biden and Chinese premier Xi Jinping. Stocks have been rattled of late by concerns over inflation that pushed up government bond yields. The crypto market took a…
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TikTok launches an NFT collection of six of its best viral videos, featuring singers Lil Nas X and Bella Poarch
TikTok music star Bella Poarch Jason Kempin/ Getty Images TikTok unveiled a NFT collection of six of its top viral celebrity videos on Thursday. The collection features Lil Nas X, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka and more. TikTok has 1 billion users on its video-sharing platform, paving the way to bring crypto to…
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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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‘Big Short’ investor Michael Burry offers an inside look at how his iconic bet against the housing bubble began
Michael Burry. Bloomberg Risk Takers Michael Burry offered an inside look at how his signature bet against the housing bubble began. "The Big Short" investor directed a colleague in 2005 to identify shaky mortgage-backed securities. Burry called out two subprime mortgage lenders who later ran into serious trouble. See more stories on Insider's business page.…
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Tips from a trader up 227% this year, plus 5 high-upside altcoins
Hello, and welcome to this week's edition of Insider Investing. Here's what's on the docket: Mark Minervini, a trading legend and four-time author, is leading the US Investing Championship this year with a 226.6% gain through July. He breaks down his trading strategy and shares 5 core rules that he follows with great discipline.Adrian Zduńczyk,…
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The Importance of Digital Currencies in the Coming Open-Finance Age
Finance, money, and technology are three crucial things in our lives that go hand in hand. When we did not know the concept of money, trading came in handy. With evolution, the methods have changed too. Trading for food evolved into trading for commodities. Commodities turned to fuel, and today, we trade everything in exchange…
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MicroStrategy now holds $2.9 billion in bitcoin after buying an additional 3,907 coins in the 3rd quarter
MicroStrategy CEO Michael Saylor Joe Raedle/Getty Images MicroStrategy bought an additional 3,907 bitcoins for roughly $177 million between July 1 and August 23. The purchase brings the company's total holdings to 108,992 coins that were acquired at $2.918 billion. Shares of MicroStrategy fell 2.8% after the opening bell. Sign up here for our daily newsletter,…
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Elon Musk backs Mark Cuban’s claim that dogecoin is the best cryptocurrency as a medium of exchange
Tesla CEO Elon Musk has long supported dogecoin. Chris Saucedo/Getty Images for SXSW Elon Musk said he agrees with Mark Cuban that dogecoin is a strong medium of exchange. Cuban's Dallas Mavericks accept dogecoin, and he praised the token's strong community. However, mainstream investors see cryptocurrencies as unsuitable for payments due to volatility. Sign up…
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Cryptocurrencies’ market cap has risen above $2 trillion for the first time since May as bitcoin rebounds
Cryptocurrencies have been on a wild ride in 2021. Yuriko Nakao/Getty Images The crypto market's total value has climbed above $2 trillion for the first time since May. It touched $2.02 trillion on Saturday before slipping slightly to $1.96 trillion on Sunday. Bitcoin, ether, and other tokens have rebounded in recent weeks as investors have…