Their portfolio was rocked in recent days as environmental concerns over mining, regulatory scrutiny, warnings by Chinese authorities about digital currency payments and a flurry of erratic tweets by Tesla Inc's Elon Musk whipsawed prices.Kyle Davies and Su Zhu started Three Arrows Capital at the kitchen table of their apartment in 2012. Now they're among the world's biggest crypto holders with a portfolio worth billions of dollars. At least for the moment.
3 Jun 2021 1 minute read 0 comments ifty24
After tweets from Tesla CEO Elon Musk and rapper Snoop Dogg, the cryptocurrency Dogecoin, which started as a joke, topped $10 billion in market value. WSJ looks at why online investors are pouring money into the meme-inspired virtual currency. Doge...
2 Jun 2021 1 minute read 0 comments ifty24
Changpeng Zhao, the CEO of cryptocurrency exchange website Binance, has taken to Twitter to take on criticisms of the digital money’s energy use – and apparently subtweet Tesla CEO Elon Musk. The statement appears to be referencing the recent announ...
29 May 2021 1 minute read 0 comments ifty24
Iran Iran’s President declared a nearly four-month ban on the energy-intensive mining of cryptocurrencies like Bitcoin, as the Islamic country grapples with widespread power outages in many cities. The country believes that by prohibiting crypto mini...
