Cryptos

It may be common knowledge that mining Bitcoin (BTC) requires a great deal of energy and computer power but it did not deter a person online from trying to do it on an 80’s era  Nintendo Co, Ltd (OTC:NTDOY) GameBoy console running on two AA batteries. What Happened: Stacksmashing, an Information Technology researcher and content creator on…

The City of Miami is reportedly in the process of finalizing a deal with the FTX cryptocurrency exchange to sponsor the currently named AmericanAirlines Arena, home of the Miami Heat NBA franchise. If finalized, it would be the first major sports stadium to be named after a cryptocurrency business. Since the beginning of the COVID-19 pandemic,…

As much as 8.2 terabytes of personal information data has allegedly leaked from users of India-based MobiKwik mobile payment’s wallet application and onto the dark web, according to a report from India Times. A white hacker who highlighted the breach called it “probably the largest KYC data leak in history,” per India Times. The leak apparently…

Bitcoin is trading in contango. But what does this mean?“Contango is a situation where the futures price of a commodity is higher than the spot price.” -InvestopediaNow, what’s a futures contract?“A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the…

Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. The Crypto Council for Innovation will lobby policy makers, take up research projects and serve as the burgeoning industry’s voice in championing the…

John Authers is a senior editor for markets. Before Bloomberg, he spent 29 years with the Financial Times, where he was head of the Lex Column and chief markets commentator. He is the author of “The Fearful Rise of Markets” and other books.Read more opinionFollow @johnauthers on Twitter…

In January SEC filings, investment firm BlackRock indicated it could add Bitcoin futures to its funds down the road. Turns it, it already has. In new SEC filings from today, the BlackRock Global Allocation Fund indicated that it held 37 futures contracts from the Chicago Mercantile Exchange worth nearly $360,458. The amount represented 0.0014%…

Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City Spencer Platt/Getty ImagesShares of GameStop have been nearly six times more volatile than bitcoin, according to data from Bespoke Invest.Over the past 50 days, GameStop has had an average daily price move of 21% compared to just 4% for…

The short list of what you can buy with bitcoin is about to get a tad longer, courtesy of Elon Musk.Why it matters: Musk is going where other companies have failed — trying to transform bitcoin from a speculative investment to a form of payment. It hasn't taken off in the decade-plus that the digital currency has been around. What's different…

Cameron Winklevoss, left, and Tyler Winklevoss David Paul Morris | Bloomberg | Getty ImagesGemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is going all in on dogecoin.Starting Sunday, the Gemini app will let clients move their holdings in dogecoin into interest-bearing accounts through its Gemini Earn service.The…