Category: FINANCE

Bitcoin sank to a two-week low Monday on reports that China has intensified its crackdown on cryptocurrency mining.The world’s largest digital currency fell as low as $31,760 Monday morning, dropping ... ( read original story ...)

The People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services. ( read original story ...)

Two weeks after announcing a debt offering to fund the investment, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has spent nearly $500 million ... ( read original story ...)

Finding new graphics cards at reasonable prices has been almost impossible as of late, but that might be about to change after prices for GPUs in China fell by as much as 66 percent following a number ... ( read original story ...)

"Elon is a powerful piece of this, he is actually the most influential man in the world when it comes to financial assets," Bankman-Fried said. ( read original story ...)

Despite the recent price drawbacks in bitcoin, ether, and other digital assets, the minting of crypto’s latest unicorn, Amber Group, proves that institutional interest in the emerging asset class is ... ( read original story ...)

Salad chain sweetgreen Inc said on Monday it had confidentially filed for an initial public offering in the United States, hopeful of strong investor interest as demand for plant-based food products ... ( read original story ...)

Julie Hyman breaks down Monday’s business headlines, including: Former Tesla President Jerome Guillen selling $274 million worth of shares after exercising stock options, the Tokyo Olympics allowing ... ( read original story ...)

Salad chain sweetgreen Inc said on Monday it had confidentially filed for an initial public offering in the United States, hopeful of strong investor interest as demand for plant-based food products ... ( read original story ...)

Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-fired power generation from coal-fired ... ( read original story ...)

To hedge fund manager Shiliang Tang, the biggest crypto story this year is taking place in the shadows: An options market that’s booming and shaking up digital-currency trading along the way. At his ... ( read original story ...)

Sichuan authorities have ordered bitcoin miners to "clean up and terminate" their operations, according to media reports. ( read original story ...)

British fintech firm Revolut said 2020 adjusted revenues, a metric that accounts for revaluation of intangible assets like crypto, grew 57% to £261 million. ( read original story ...)

Bitcoin falls to a two-week low and cryptocurrency-focused stocks also drop after China's third-biggest bank bans customers from doing any business in crypto. ( read original story ...)

China summoned officials from its biggest banks to a meeting to reiterate a ban on cryptocurrency services.Representatives from Industrial and Commercial Bank of China Ltd., Agricultural Bank of China ... ( read original story ...)

Now I’d like to explain to some of my crypto friends why parts of the mainstream economics and financial world do not take them more seriously. To put it bluntly: Many of you do not understand ... ( read original story ...)