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CRYPTOCURRENCY


Firm behind popular US dollar stablecoin to launch Euro Coin

The cryptocurrency company Circle says it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month.

How will crypto crash affect Miami’s digital wallet? Local 10 News explains

As cryptocurrency value took a major plunge this week, with Bitcoin and other cryptocurrencies losing value, Miami’s own cryptocurrency, MiamiCoin has seen its own declines.

Coinbase lays off 18 percent of workforce as CEO braces for ‘crypto winter’

Placeholder while article actions loadCryptocurrency exchange Coinbase announced it would cut 18 percent of its workforce Tuesday as fears of a recession mount and crypto values plummet, shedding sometimes thousands of dollars per share by the day. Choose your plan ArrowRight The cuts will affect roughly 1,100 workers, leaving the firm with a staff of roughly 5,000. Coinbase’s stock fell 5.4 percent in morning trading, and crypto shares continued to see volatility: Bitcoin lost 4.9 percent to trade near $22,000. The leading cryptocurrency has lost more than two-third of its value in the past seven months. Coinbase will also cover four months of health insurance for U.S. employees and four months of mental health care for international employees, Armstrong said.

washingtonpost.com

Digital Worlds: The Metaverse Spurs Business Growth And Opportunities

By Michelle D. MadsenBusiness consultant Deloitte frames the metaverse as consisting of various digital technologies. Cryptocurrency is part of the metaverse, such as bitcoins and ethereums, as the virtual recreates the real. (Flickr)Considerations “technical, social and financial” are “converging to make the metaverse particularly crucial now,” according to Deloitte. Virtual reality and augmented reality have made it possible to provide more immersive travel experiences. Digital investment, which comprises part of those figures, signals an ongoing and future expansion opportunity.

thewestsidegazette.com

Florida man indicted in $62 million cryptocurrency fraud scheme

A Florida man who is also the CEO of Mining Capital Coin, a purported cryptocurrency mining and investment platform, is facing charges for allegedly orchestrating a $62 million global investment fraud scheme, federal prosecutors announced on Friday.

Insomnia, addiction, depression: The dark side of life trading crypto

Crytpo was going to make them rich. Instead, therapists say they are seeing a rise in people who became depressed and addicted.

washingtonpost.com

Crypto exchange Binance removes Twitter emoji that resembled a swastika after outcry

"Well that was obviously really embarrassing," the company wrote on Twitter.

cnbc.com

Cathie Wood says banks have a 'big problem' thanks to crypto

Cryptocurrency was initially created to sidestep old institutions – and banks may finally be feeling themselves get disrupted, according to Cathie Wood.

cnbc.com

Cryptocurrency: UK Treasury to regulate some stablecoins

Treasury Minister John Glen says "stablecoins" could be used as a means of payment.

bbc.co.uk
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Most who know about cryptocurrency see it as a risky investment

Adults under 45 are far more likely than older adults to invest in cryptocurrency.

cbsnews.com

Cryptocurrency may go the way of declining stocks

Cryptocurrency may go the way of declining stocks by at MiamiTodayNews.com.

miamitodaynews.com

How To Invest In Cryptocurrency

President Biden is expected to sign an executive order on cryptocurrency regulation this week.

www3.newsy.com

How To Invest In Cryptocurrency

President Biden is expected to sign an executive order on cryptocurrency regulation this week.

newsy.com

Ukraine asked for donations in crypto. Then things got weird.

Its government has raised more than $38 million in cryptocurrency in less than six days.

washingtonpost.com

Crypto start-ups are still raising serious cash despite a slump in prices

Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash.

cnbc.com

Cryptocurrency exchange FTX hits $32 billion valuation despite bear market fears

FTX has built up a war chest of funds at a time when crypto prices have sunk considerably.

cnbc.com

'You’re playing with fire if you don’t report it.' What happens if you don't disclose crypto activity this tax season

If you don’t report crypto activity and face an IRS audit, you may be hit with interest, penalties or even criminal charges, according to tax experts.

cnbc.com

Bitcoin price falls sharply amid Wall Street selloff, with value cut in half since November

Investors are fleeing riskier assets from tech stocks to cryptocurrencies as the Federal Reserve weighs whether to launch a U.S. digital currency.

washingtonpost.com
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New York City Mayor Eric Adams converts his first paycheck into cryptocurrency

"New York is the center of the world, and we want it to be the center of cryptocurrency," the city's new mayor said.

cbsnews.com

Cryptocurrencies tumble, with bitcoin falling 7% and ether down 9% in the last 24 hours

Bitcoin plummeted by more than 7% in the last 24 hours, and ether dived more than 9%, according to CoinDesk.

cnbc.com

Cryptocurrency, Demystified

Cryptocurrency and the blockchain are obscure, but they're getting widely popular for payment or investment.

www1.newsy.com

Cryptocurrency, Demystified

Cryptocurrency and the blockchain are obscure, but they're getting widely popular for payment or investment.

newsy.com

Cashing In On Cryptocurrency And NFTs: Buyer Beware

By Lisa ChauNEW YORK — Cryptocurrency is going mainstream, as evidenced by the large turnout at the recent NFT NYC conference. They had heard her talk about bitcoin, crypto, NFTs, but they didn’t fully understand those concepts until NFT NYC this year. “I don’t know if NFTs or NFT NYC signal an economic recovery for the industry, because the NFT community has been thriving before the pandemic and during the pandemic. Pepe is an Art gallery show hosted by Scarce.City at the NFT NYC show. Hall and Bryan WilkesRecommended from our partnersThe post Cashing In On Cryptocurrency And NFTs: Buyer Beware appeared first on Zenger News.

thewestsidegazette.com

Bitcoin has its own 1% who control outsized share of wealth

"Significant skewness in ownership" of bitcoin suggests future wealth will fall "disproportionately to a small set of participants," researchers said.

cbsnews.com

Guide to Success: Understanding Cryptocurrency and Its Risks

Cryptocurrency’s progress has undoubtedly improved over the recent years, and its popularity has gone over the roof.

sflcn.com

Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights

Cryptocurrency start-ups have raised record funding this year.

cnbc.com

Climate change conspiracies are spreading rapidly during UN's COP26 event

Amplified by bots and influencers, millions of posts on social media networks peddle false ideas about climate change.

cbsnews.com
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Climate change conspiracies are spreading rapidly during UN's COP26 event

Amplified by bots and influencers, millions of posts on social media networks peddle false ideas about climate change.

cbsnews.com

‘Squid Game’-inspired cryptocurrency that soared by 23 million percent now worthless after apparent scam

On early Monday morning, the value of a Squid coin collapsed from a high of just over $2,860 to effectively zero.

washingtonpost.com

Shiba Inu passes Dogecoin as top "dog" in cryptocurrency

Cryptocurrency has officially gone to the dogs.

Crypto exchange FTX valued at $25 billion in $420 million funding round

FTX is one of the world's largest digital currency exchanges, competing with the likes of Coinbase, Binance and Kraken.

cnbc.com

A Social-Media Intelligence Report Just For Crypto Traders

Here’s what startup Crowdsense does:This AI platform delivers real-time intelligence reports to crypto traders and investors. Crowdsense scans more than a billion social-media sources to sniff out news, hype and sentiment relating to more than 3,000 cryptocurrencies. (Courtesy of Gil Eyal)“As an active investor in the crypto space, I always felt like there was something missing in my arsenal,” Eyal said. “To a much larger extent than most markets, it is driven by investor sentiment. Now we are driving partnerships so more crypto traders and investors will know about us,” Tobias says.

thewestsidegazette.com

A Beginners Guide to Cryptocurrency

This beginners guide to cryptocurrency can help point you in the right direction. Buying cryptocurrency for beginners can be challenging

sflcn.com

Coinbase dives deeper into banking by letting users deposit paychecks into their accounts

Coinbase is getting into payroll as part of an expansion into traditional financial services.

cnbc.com

Useful Tips On How To Increase Your Profits From Crypto Investment

Cryptocurrency is volatile, meaning its value changes quickly and unpredictably. This makes it difficult for newcomers

sflcn.com

Bitcoin 'whales' jump back into market during cryptocurrency's rebound to $50,000

Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data.

cnbc.com
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Cryptocurrency task force awaits six members

Cryptocurrency task force awaits six members by at MiamiTodayNews.com.

miamitodaynews.com

These are the 5 most in-demand cryptocurrency jobs right now, according to Monster

There are a wide range of open positions in the cryptocurrency industry seeking candidates with varying experience levels and skillsets.

cnbc.com

City of Miami launches its own cryptocurrency ‘MiamiCoin’

The City of Miami will be debuting a cryptocurrency this summer to help raise additional funding for local projects.

Cryptocurrencies can be a tool for building personal wealth long-term

Investing in cryptocurrencies is picking up, and can be a beneficial part of a long-term portfolio.

cnbc.com

Binance, the world's largest cryptocurrency exchange, gets banned by UK regulator

Britain's Financial Conduct Authority said that Binance Markets Limited "is not permitted to undertake any regulated activity in the U.K."

cnbc.com

Here’s why cryptocurrency crashes on the weekends

Cryptocurrency crashes often happen on weekends. The volatility draws scrutiny from regulators weighing the future of digital currency.

cnbc.com

Colonial Pipeline CEO Defends $4.4M Ransom Payment Decision

Joseph Blount told senators that authorizing the payment to hackers was the right thing to do to bring an end to the pandemonium and fuel shortages.

newsy.com

Bitcoin 2021: Cryptocurrency takes over Miami

Bitcoin 2021 has officially kicked off on Friday, June 4, at Mana Wynwood with Twitter and Square co-founder and CEO Jack Dorsey, Nick Szabo, Michael Saylor, Senator Cynthia Lummis, and professional skateboarder Tony Hawk as headline speakers.

Biden’s proposed 39.6% top tax rate would apply at these income levels

President Biden's proposed 39.6% top marginal income tax rate would affect single and married filers with over $452,700 and $509,300 of income, respectively.

cnbc.com
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1947 'alien autopsy' film frame is up for auction as an NFT

A film frame allegedly showing the autopsy of an extraterrestrial that crash-landed in Roswell, New Mexico has an opening bid of $1 million.

space.com

Dividing cryptocurrency in a divorce settlement is complicated

Divorce settlements are never easy, and cryptocurrency only makes the process more complex. Financial experts weigh in on what divorcees need to know.

cnbc.com

Cryptocurrencies bounce back after sell-off – here’s what market analysts are saying

Bitcoin and other cryptocurrencies bounced back Thursday, recovering some of the losses seen during a major sell-off a day earlier.

cnbc.com

Bitcoin plunges 10% to a 14-week low as sell-off continues, but a bottom could be near

Bitcoin is about 37% lower than its all-time high of $64,829.14 which was hit in mid-April as negative newsflow has dampened sentiment.

cnbc.com

Ethereum co-founder and Crypto billionaire donates $1bn to India Covid fight – and currency instantly plummets

Some of the ‘meme coins’ that were donated tanked in value by nearly 40%

news.yahoo.com

Crypto billionaire donates $1.2bn to India Covid fight – and currency instantly crashes to make it worth less

Some of the ‘meme coins’ that were donated tanked in value by nearly 40%

news.yahoo.com

India’s Crypto Army Helps Out With Covid Relief Work Despite Regulatory Hurdles

To keep things transparent, Crypto Relief has an audit of all the transactions . Former Australian fast bowler Brett Lee donated 1 BTC (bitcoin) to the Crypto Relief fund, which is over $50,000 worth in fiat currency. In India, NGOs accepting foreign aid are regulated by the conditions set by Foreign Contribution Regulation Act. Akram concurs and notes that Crypto Relief only donates funds to Foreign Contribution Regulation Act-registered NGOs. CryptoRelief ensures that while it works with multiple NGOs, the direct foreign remittance is done only to Foreign Contribution Regulation Act-registered NGOs “whose compliance are regularly filed”.

thewestsidegazette.com

Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency

The IRS is seeking the records of Americans who engaged in business with or through Kraken, a digital currency exchanger headquartered in San Francisco, California. “This John Doe summons is part of our effort to uncover those who are trying to skirt reporting and avoid paying their fair share.”Cryptocurrency, as generally defined, is a digital representation of value. On April 1, 2021, a federal court in the District of Massachusetts granted an order authorizing the IRS to serve a similar John Doe summons on Circle, a digital currency exchange headquartered in Boston. Today’s order from the Northern District of California grants the IRS permission to serve what is known as a “John Doe” summons on Kraken. The United States’ petition does not allege that Kraken has engaged in any wrongdoing in connection with its digital currency exchange business.

justice.gov

Five Signs Miami Is on the Crypto Bandwagon

Cryptocurrencies like Bitcoin and Ethereum are gaining popularity with clubs, venues, and local governments in Miami, Florida.

miaminewtimes.com

After Coinbase's blockbuster debut, what investors say it means for cryptocurrency markets

It was a big day for the crypto space with Coinbase making its public debut. Investors discuss what it could mean for the company and broader crypto markets.

cnbc.com

The Coinbase co-founders met on Reddit and launched the company out of a two-bedroom apartment when 'a bitcoin was worth $6'

Cryptocurrency exchange Coinbase went public on Wednesday in a direct listing that opened at $381 per share, valuing the company at $99.6 billion.

cnbc.com

E11even Miami will accept Bitcoin, says it’s first major club to do so

E11even Miami says that when customers pay for tables, drinks, or merchandise at the nightclub, they will have the option of using cryptocurrency, including Bitcoin.

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