When Vitalik Buterin, one of the creators of the cryptocurrency Ethereum, donated more than 50 trillion Shiba Inu coins ($1 billion) into an aid fund for Covid-ravaged India, it raised more concern than relief in the crypto-wary nation. Not only did the contribution — more than 5% of total Shiba Inu coins in circulation —…
Dogecoin jumped on renewed support from Elon Musk, adding to a volatile week for digital currencies that’s been whipped up largely by the Tesla Inc. chief executive officer himself. After Musk tweeted on Thursday that he is working with Dogecoin developers to “improve system transaction efficiency,” the Shiba-Inu-themed token with no practical uses surged from…
Wild stock swings, spikes in Treasury yields, startling economic readings? Interesting, sure. But if you really want to get people’s attention right now, you need to tell them a story about crypto. And there have been a lot of those. Even for a market that’s famous for its wild volatility and gimmicks, the past week’s…
India’s central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market booms, despite a Supreme Court ruling that banks can work with the industry, three sources told Reuters The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them,…
By Ritvik Carvalho and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – Cryptocurrency ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications and increasing institutional interest in cryptocurrencies. Ether, the second-biggest Cryptocurrency by market capitalization after bitcoin, climbed to $4,380.64.35, but…
Vitalik Buterin, the Russia-based co-founder of the world’s second largest cryptocurrency Ethereum, has donated 500 coins and over 50 trillion SHIB meme coin worth around $1.14 billion to the India Covid-Crypto Relief Fund, as the country grapples with the lethal second wave of the pandemic. Sandeep Nailwal, the man behind India Covid-Crypto Relief Fund, said…
By Subrat Patnaik and Bhargav Acharya (Reuters) -Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked https://bit.ly/33xrDHR his 54 million followers on Twitter “Do you want Tesla to accept Doge?,” referring to a digital currency worth roughly 48 cents with no real-world use. The question, in the form of a Twitter poll, comes days after…
Elon Musk early on Tuesday asked his followers in a poll on Twitter whether Tesla Inc should accept payment in dogecoin. Musk’s latest tweet comes just days after he said that his commercial rocket company, SpaceX, will accept the meme-inspired cryptocurrency as payment. “Do you want Tesla to accept Doge?” Musk asked https://bit.ly/33xrDHR his about…
The rise of the cryptocurrency Dogecoin has reached a new level after the token was used to pay for a lunar satellite launch. SpaceX, Elon Musk’s commercial rocket firm, will embark on a Moon voyage in 2022 carrying a so-called cubesat — a mini-satellite used for space research — from Geometric Energy Corp that’s been…
By Gertrude Chavez-Dreyfuss, Tom Wilson and Tom Westbrook NEW YORK/LONDON/SINGAPORE (Reuters) -Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or “DeFi”, although some analysts said it was overvalued at current levels. Ethereum has soared this year, fuelled by the boom…
