With one lot at Christie's going for over $3 million at auction, the art world is assessing the value of digital art—but this could just be the beginning for NFTs.
Mark Cuban, owner of the NBA's Dallas Mavericks, announced the team would accept the cryptocurrency as payment for tickets and team merchandise.
NFTs are a form of cryptocurrency that can hold assets like concert tickets, art and music instead of money.
"This national currency's only 50 years old, it's already showing extreme signs of weakness," Kraken CEO Powell said, "and pretty soon I think people are going to start measuring the price of things in Bitcoin."
Markus, the currency's co-founder, told Newsweek he thought it would be "really cool" if Musk could somehow blast some of the crypto into space.
The IG Client Sentiment Report said 70.78% of traders held long positions while 29.22% were short. A long position is a bet on future price appreciation while those going short see a price decline.
While Bitcoin and other cryptocurrencies have experienced slight setbacks over the last two weeks, the industry as a whole has been booming alongside other technology equities over the past year.
Illegal use of Bitcoin fell from about $20 billion in 2019 to about $10 billion in 2020, according to a report released on Monday. That total represented only a small fraction of the overall volume of Bitcoin transactions, the report said — and that percentage decreased as well.
The price of Dogecoin, the joke cryptocurrency, soared from late January to early February before stabilizing in recent weeks.
Elon Musk has made an estimated $1 billion betting on Bitcoin, but Bill Gates warns that anyone with less money than the electric carmaker should "probably watch out." Both billionaires have a point.
The petition has been online for years but recently resurfaced among members of the meme cryptocurrency's Reddit community.
Here's a Q&A with a Bitcoin cryptocurrency expert.
Major institutions appear to be buying Bitcoins on the price dip to increase their holdings, a show of faith in its future value and likely building the foundation for a future rebound.
The tech entrepreneur—who is currently the world's second richest person with a £176 billion net worth—did not appear worried amid speculation of a fresh probe from financial regulators.
Investigators lack full authority to pursue the financial transactions of alleged domestic terrorists using Bitcoin or other cryptocurrencies, witnesses told members of Congress Thursday.
"The human race has never had a monetary system with this much versatility before," said Bitcoin Analyst Jason Deane of Quantum Economics, London.
The Microsoft co-founder and philanthropist discussed Tesla, bitcoin and the U.S. handling of the COVID pandemic on the invitation-only app. Here's what you may have missed.
Bitcoin rebounded Wednesday after a sharp downturn earlier this week as major companies continued to buy the cryptocurrency and hold it as a long-term investment. Bitcoin had plunged from $58,356 on Sunday, a record high, to as low as $45,501 on Tuesday.
Major cryptocurrencies have taken a hit and are down about 14% worldwide, led by Bitcoin, which represents about 60% of the market by value, CoinMarketCap reported.
"A Biden White House and blue Senate is a very bullish political backdrop and a potential 'game changer' for Tesla and the overall EV sector in the US, with a more green-driven agenda now certainly in the cards over the next few years," said Daniel Ives, an analyst at Wedbush Securities.
It's not entirely clear where the meme started, but it's spread quickly among crypto holders.
"Crypto assets continue to rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits at prices so far above production costs, while correlations with cyclical assets are rising as crypto ownership is mainstreamed," JP Morgan said in a research report.
The CEO of the electric vehicle company explained his stance on Bitcoin after it rallied to record highs.
"Given the constant inflow of corporate participation and retail investors, we expect Bitcoin prices should continue to be skewed to the upside, at least in the near term," Lennard Neo, an analyst at Singapore-based Stack Funds, said in a research report.
Bitcoin's surge to $50,000 for the first time has created a new acronym: HOFDL—Hold On For Dear Life.
While speaking with Newsweek, Glenn Goodman, author of The Crypto Trader and cryptocurrency contributing expert for the London School of Economics, suggested that the comments from Rieder show that Bitcoin has become more "respectable."
One of the defendants is a North Korean operative who was charged in the 2018 Sony Pictures hack.
Bitcoin climbed above $50,000 for the first time Tuesday as major companies continue to show increased interest in the cryptocurrency. Through Friday, Bitcoin has gained about 65% since January 1 and is up about 360% in the last 52-weeks.
Investigators said the "Joker's Stash" marketplace, which dealt in stolen credit cards, log-ins and identity information which it sold for cryptocurrency, pocketed at least $1 billion, Reuters reported from London.
Dogecoin's latest price marked around a seven percent drop in the last 24 hours, while its latest market cap value also declined by around seven percent.