“While the newness of cryptocurrency is part of what makes investing exciting, it also makes it riskier for consumers because cryptocurrency businesses are not adequately regulated and do not have to follow many of the same rules that apply to everyone else,” Assembly Member Timothy Grayson (D-Concord), the bill’s sponsor, said in a prior statement. Source
MicroStrategy shares were down more than 4% following Racine’s tweets. In a statement, Saylor said that although MicroStrategy headquarters is in Virginia, he had moved to Miami Beach. “Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life,” he said. “I respectfully disagree with the position of the District of Columbia, and look forward to a fair resolution in the courts.” Source ColumbiaDistrictFounderFraudMichaelMicroStrategySaylorSuingTax CryptoX Portal
Tesla CEO Elon Musk has outlined new reasons to terminate the $44 billion deal to buy Twitter in a new filing with the U.S. Securities and Exchange Commission (SEC). Citing a whistleblower report, Musk’s lawyer said the allegations, known to the social media giant but undisclosed to Musk, indicate “far-reaching misconduct at Twitter.” Elon Musk Presents More Reasons to Terminate Twitter Deal in New SEC Filing Tesla CEO Elon Musk has found more reasons to terminate his $44 billion offer to buy Twitter Inc. Musk’s lawyer filed a letter he…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto market has crashed Badly latest news update. How much more market can crash ? Crypto market bloodbath leads to over $500M in liquidations in 24 hours Data from crypto analytics firm Glassnode shows Bitcoin futures long liquidations touching a new eight-month high as BTC price crashed below $22,000 on Friday. After weeks of bullish momentum, the flash crash also saw 157,098 traders get liquidated in the past 24 hours, resulting in total liquidations of over $551 million. Data from Coinglass indicates…
Tickets have been associated with NFTs but have been largely untapped from some of the major conglomerates in the ticketing business to date. Ticketmaster could be looking to really get in the mix, however, with a renewed effort this week; Ticketmaster and Dapper Labs, creators and operators of the Flow blockchain, announced a partnership to spur growth in live event NFTs. Ticketing is often cited among NFT advocates as one of the top potential use cases among NFTs beyond jpegs. Can ticketing unlock the next level of utility? A dominant…
Luxury brand Hermès is laying the groundwork for its entrance to Web3 after filing a trademark application covering NFTs, cryptocurrencies, and the Metaverse. According to an Aug. 26 filing to the United States Patent and Trademark Office (USPTO), the trademark covers downloadable software to view, store and manage virtual goods, digital collectibles, cryptocurrencies, and NFTs “for use in online worlds.” It also filed trademarks for “retail store services featuring virtual goods” as well as fashion and trade shows in “online virtual, augmented or mixed reality environments” and for “providing an…
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With Ethereum’s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provides some insights about user behavior. Lucas Nuzzi, Coin Metrics head of research and development, joined “First Mover” to discuss the findings. Glen Goodman, eToro crypto consultant, provided his bitcoin and crypto markets outlook. Also, Mythical Games CEO John Linden took a look at the state of the non-fungible token (NFT) market. Original
The host of Mad Money, Jim Cramer, has advised investors to avoid cryptocurrency and other speculative investments. “Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d,” Cramer stressed, warning of “a giant washout of all things that are speculative.” Jim Cramer Advises Investors to Avoid Crypto The host of CNBC’s Mad Money show, Jim Cramer, offered some advice Tuesday regarding what to invest in the current market condition. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. The Mad Money host has urged…
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