Day: October 28, 2021

Elon Musk Believes That Crypto Can Take a Toll on Your Mental Health

Tesla CEO Elon Musk is convinced that following cryptocurrency prices can cause mental health problems, according to his recent tweet. 💯 — Elon Musk (@elonmusk) October 28, 2021 His warning comes after the price of Bitcoin crashed more than 7% within a minute before quickly paring the entire drop on Thursday. The cryptocurrency market has

Ethereum Price Hits New All-Time High After Altair Upgrade

The price of Ethereum, the second-largest cryptocurrency by market cap, has spiked over 10% in the last 24 hours to secure a new all-time high—just two days after eclipsing its previous record. The new all-time high for ETH is $4,416.05, according to data from CoinGecko. On Tuesday, October 26, the asset coasted to nearly $4,300

Facebook Changes Company Name to Meta, Plans NFT Support

Mark Zuckerberg has announced that Facebook will change its company name to Meta, though the company’s signature social media platform will retain the name Facebook. The company’s shares are set to begin trading under the new ticker, MVRS, on Dec. 1. Facebook Becomes Meta In today’s Facebook Connect event, Mark Zuckerberg announced that Facebook would

Ethereum Altair Upgrade Quietly Goes Live—Unlike Previous Hard Forks

On Wednesday, the Ethereum blockchain underwent its third upgrade in seven months. And unlike the previous two upgrades, things have gone smoothly so far. The Altair upgrade was the first (and perhaps last) upgrade to the Beacon Chain before Ethereum fully transitions to a proof-of-stake network. The Beacon Chain, which introduced ETH staking and set

Biden’s $1.85T Spending Bill Would Make Avoiding Capital Gains Taxes on Crypto Harder

Talk in Washington for the past month has been centered on President Biden’s multi-trillion dollar Build Back Better spending framework. The bill’s price tag has been halved to appeal to key Senate holdouts, while House Speaker Nancy Pelosi has been trying to wrangle progressive Democrats unhappy with the cuts to paid family leave and free

Beeple Returns to Christie’s with NFT Sculpture

Cult NFT artist Beeple will auction off a real-life sculpture and corresponding NFT at Christie’s. The bidding will start at $15 million. Beeple Drops First Physical NFT Beeple is heading back to Christie’s. The artist will sell a physical NFT called “HUMAN ONE” at the auction house’s New York location on Nov. 9. The auction

FATF Releases Updated Guidance on Virtual Assets

Today the global Financial Action Task Force (FATF), an independent inter-governmental body developing and promoting global financial regulations, released its finalized version of the Updated Guidance for a Risk-Based Approach for Virtual Assets and Virtual Asset Providers report. The updated guidance significantly changes the earlier March 2021 draft, including clarifications on DeFi protocols, CBDCs, stablecoins,

Floki Inu Pumps 223% as Dogecoin, SHIB Rival Plasters Ads Across London

Shiba Inu was yesterday’s big meme crypto winner , continuing its recent pump and overtaking rival Dogecoin in terms of total market cap. But today, it’s newer upstart rival Floki Inu that is commanding the biggest buzz, rising more than 200% over the past day. Floki Inu—named after Elon Musk’s Shiba Inu puppy —is currently

Facebook Reveals Its New Name. Crypto Community Reacts

Facebook CEO Mark Zuckerberg announced Thursday that the company had changed its name to “Meta” after presenting his metaverse vision earlier today. Meta’s shares will now trade under the MVRS ticker. Twitter CEO and Bitcoin proponent Jack Dorsey took a dig at the archrival, saying that the name is “self-referential.” meta: referring to itself or

BREAKING: Bitcoin Suddenly Plunges 7% in One Minute

Bitcoin, the largest cryptocurrency, suddenly crashed to the $56,000 level, shedding more than 7% within one minute on major spot exchanges. It hit an intraday low of $56,425 on the Bitstamp exchange at 6:49 p.m. on the Bitstamp exchange. Image by The cryptocurrency has now pared a large portion of the recent losses. After

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