(credit: fdecomite) The world’s cryptocurrency is now worth more than $1 trillion, with bitcoin accounting for a large majority of the value. The price of the oldest virtual currency has risen to almost $40,000, pushing the value of all bitcoins in circulation up to more than $700 billion. Ether, the cryptocurrency of the Ethereum network, […]
Good morning, and welcome back! That’s assuming, of course, that you’re among those lucky enough to have had an actual winter break, a moment of rest as we left behind the most trying year in living memory. That wasn’t the case for many of our readers, however, thanks to an 11th-hour regulatory push by the […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. All eyes are on Georgia. And that’s putting investors in a risk-off mood. At 2 a.m. Atlanta time, Democrat Raphael Warnock was called as the winner of […]
Enlarge (credit: George / Getty Images) Soaring cryptocurrency valuations have broken record after record over the past few years, turning people with once-modest holdings into overnight millionaires. One determined ring of criminals has tried to join the party using a wide-ranging operation that for the past 12 months has used a full-fledged marketing campaign to […]
Good morning. It’s another day of choppy trade in stocks, oil, and in Bitcoin. U.S. futures have been up and down all morning as voters head to the polls in Georgia to determine control of the U.S. Senate and what that will ultimately mean for more stimulus spending and for American tax policy and its […]
Ethereum creator Vitalik Buterin. (credit: TechCrunch) Ether, the native currency of the Ethereum network and the second most valuable cryptocurrency, has soared above $1,000 for the first time since 2018. The rise is part of a broad cryptocurrency boom inspired by the continued rise in bitcoin’s price. Last month, bitcoin rose above $20,000, smashing its […]
Good morning and Happy New Year, Bull Sheeters. Global stocks are hitting record highs again today on what is the first trading day of the year for much of the world. That’s despite a surge in new COVID infections and worries that the global immunization effort is off to a slow start. The big investment […]
It’s been a breakout year for Bitcoin. In 2020 a wave of interest from mainstream investors and institutions helped push the price of the virtual currency from $7,200 in January to above $29,000 on December 31 (and then on past $32,700 by early January). But the innovative digital asset, maintained by a decentralized swarm of […]
Carolina Panthers offensive tackle Russell Okung boasted on Tuesday that he is now receiving half of his $13 million NFL salary in Bitcoin. The arrangement involves Okung using a startup that converts payroll direct deposits into cryptocurrency and comes as Bitcoin shatters new price records. Okung used Twitter to declare he was being “paid in […]
Carolina Panthers tackle Russell Okung will have his $13 million salary split this year. $6.5 million in U.S. currency, $6.5 million in crypto. Read more…