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The losses that are seen in the Dow Jones Industrial Average, as well as other market trackers, can also be attributed to the rising inflation fears.
Hedge funds are looking to play bigger in crypto as a survey reveals that their portfolios may increase to $312 billion by 2026.
While anticipations are high, billionaire hedge fund manager Paul Tudor Jones warns that a wrong move or comment from the Fed Chairman Jerome Powell could spark a sell-off in risk assets.
The new Virtual Currency Bill passed by Texas and the state banking committee gives all banks the right to offer crypto custodial services to its clients.
With recent consolidation and the fresh announcement from Elon Musk, Bitcoin on-chain indicator has turned bullish setting it up on a north trajectory to $85,000.
Notably, Virgin Group owns 80% of Virgin Orbit shares, with Mubadala Development Company owning 20%.
Musk is right saying that Bitcoin mining is dangerous for our planet. Over the past two years, the rise of Bitcoin has caused CO2 emissions to increase by over 40 million tons, which is equivalent to 8.9 million cars added to the road.
The major thing with the Taproot upgrade is that it will introduce the smart contract functionality on the Bitcoin network while exponentially increasing its utility.
Apart from the two bills focused on Amazon and Apple, the other three include the Platform Competition and Opportunity Act, Augmenting Compatibility and Competition by Enabling Service Switching (ACCESS) Act and Merger Filing Fee Modernization Act.
Although meme stocks put on quite a show on Thursday, some of them have now crashed, failing to hold on to the heave price swings.
All the funds raised will help to bid for the Kusama parachain slot auction starting next week. Multiple projects have contributed to the crowd loans with the KSM token lender set to receive different rewards.
Considering Plaid’s features are unrivaled, Tesla has increased its price by $10,000 to around $130,000, higher than the preceding Model S, which went for $79,990.
The US market indices also saw a good boost as the Department of Labor released the jobless claims for the week ended June 5.
The recent $11.8-million-sale of Covid Alien CryptoPunk NFT revives the hopes of the slowing NFT market. CryptoPunk NFTs have raised millions of dollars in sales over the last few months.
ForUsAll administers 401(k) plans for 400 clients and it is not clear how many of these have signed up for the current crypto offerings with Coinbase.