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KSAT 12 5 O'Clock News

The KSAT 12 News Team offers a report on the latest news of the day, as well as updates on sports, San Antonio area weather and rush-hour traffic issues.

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KSAT 12 5 O'Clock News

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CRYPTOCURRENCY


3 days ago

The Growing Problem Of Cybercriminals Scamming Crypto Investors

While more people have started to learn about options in the crypto world, it also lets scammers create new opportunities to seize some of your coins.

newsy.com

Firm behind popular US dollar stablecoin to launch Euro Coin

The cryptocurrency company Circle says it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month.

As Bitcoin Falls, Austin Hosts a Crypto Bacchanalia

Digital currencies are tanking, but that didn’t stop 17,000 blockchain enthusiasts from throwing a week-long party.

texasmonthly.com

Coinbase lays off 18 percent of workforce as CEO braces for ‘crypto winter’

Placeholder while article actions loadCryptocurrency exchange Coinbase announced it would cut 18 percent of its workforce Tuesday as fears of a recession mount and crypto values plummet, shedding sometimes thousands of dollars per share by the day. Choose your plan ArrowRight The cuts will affect roughly 1,100 workers, leaving the firm with a staff of roughly 5,000. Coinbase’s stock fell 5.4 percent in morning trading, and crypto shares continued to see volatility: Bitcoin lost 4.9 percent to trade near $22,000. The leading cryptocurrency has lost more than two-third of its value in the past seven months. Coinbase will also cover four months of health insurance for U.S. employees and four months of mental health care for international employees, Armstrong said.

washingtonpost.com

Risky business: Cryptocurrency a medium of exchange, and investment

Cryptocurrency is increasingly being accepted as a medium of exchange; in fact, the nation of El Salvador last year officially adopted Bitcoin as official currency, much like the American dollar. Bitcoin’s success has led to the creation of other forms of cryptocurrency; some are pinned to the value of tangible assets such as the dollar, others are based solely on their market value. As with many assets that are on the rise, the value of cryptocurrency has been volatile. Speculation on the currency’s market value can inspire large buys, which drive up the price and spur new investors. Cryptocurrency offers an alternative for those who want such a secure medium of exchange — as long as it’s left alone.

myrgv.com

Insomnia, addiction, depression: The dark side of life trading crypto

Crytpo was going to make them rich. Instead, therapists say they are seeing a rise in people who became depressed and addicted.

washingtonpost.com

Crypto exchange Binance removes Twitter emoji that resembled a swastika after outcry

"Well that was obviously really embarrassing," the company wrote on Twitter.

cnbc.com

Cathie Wood says banks have a 'big problem' thanks to crypto

Cryptocurrency was initially created to sidestep old institutions – and banks may finally be feeling themselves get disrupted, according to Cathie Wood.

cnbc.com

Cryptocurrency: UK Treasury to regulate some stablecoins

Treasury Minister John Glen says "stablecoins" could be used as a means of payment.

bbc.co.uk
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Most who know about cryptocurrency see it as a risky investment

Adults under 45 are far more likely than older adults to invest in cryptocurrency.

cbsnews.com

Crypto Series event in San Antonio aimed at educating about cryptocurrency, NFTs

The event was aimed at educating the community about the shift to digital currency and to make the digital world less intimidating.

How To Invest In Cryptocurrency

President Biden is expected to sign an executive order on cryptocurrency regulation this week.

www3.newsy.com

How To Invest In Cryptocurrency

President Biden is expected to sign an executive order on cryptocurrency regulation this week.

newsy.com

Ukraine asked for donations in crypto. Then things got weird.

Its government has raised more than $38 million in cryptocurrency in less than six days.

washingtonpost.com

Crypto start-ups are still raising serious cash despite a slump in prices

Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash.

cnbc.com

Cryptocurrency exchange FTX hits $32 billion valuation despite bear market fears

FTX has built up a war chest of funds at a time when crypto prices have sunk considerably.

cnbc.com

'You’re playing with fire if you don’t report it.' What happens if you don't disclose crypto activity this tax season

If you don’t report crypto activity and face an IRS audit, you may be hit with interest, penalties or even criminal charges, according to tax experts.

cnbc.com

Bitcoin price falls sharply amid Wall Street selloff, with value cut in half since November

Investors are fleeing riskier assets from tech stocks to cryptocurrencies as the Federal Reserve weighs whether to launch a U.S. digital currency.

washingtonpost.com
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New York City Mayor Eric Adams converts his first paycheck into cryptocurrency

"New York is the center of the world, and we want it to be the center of cryptocurrency," the city's new mayor said.

cbsnews.com

Cryptocurrencies tumble, with bitcoin falling 7% and ether down 9% in the last 24 hours

Bitcoin plummeted by more than 7% in the last 24 hours, and ether dived more than 9%, according to CoinDesk.

cnbc.com

Cryptocurrency, Demystified

Cryptocurrency and the blockchain are obscure, but they're getting widely popular for payment or investment.

newsy.com

Cryptocurrency, Demystified

Cryptocurrency and the blockchain are obscure, but they're getting widely popular for payment or investment.

www1.newsy.com

Bitcoin has its own 1% who control outsized share of wealth

"Significant skewness in ownership" of bitcoin suggests future wealth will fall "disproportionately to a small set of participants," researchers said.

cbsnews.com

Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights

Cryptocurrency start-ups have raised record funding this year.

cnbc.com

Climate change conspiracies are spreading rapidly during UN's COP26 event

Amplified by bots and influencers, millions of posts on social media networks peddle false ideas about climate change.

cbsnews.com

Climate change conspiracies are spreading rapidly during UN's COP26 event

Amplified by bots and influencers, millions of posts on social media networks peddle false ideas about climate change.

cbsnews.com

‘Squid Game’-inspired cryptocurrency that soared by 23 million percent now worthless after apparent scam

On early Monday morning, the value of a Squid coin collapsed from a high of just over $2,860 to effectively zero.

washingtonpost.com
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Shiba Inu passes Dogecoin as top "dog" in cryptocurrency

Cryptocurrency has officially gone to the dogs.

Crypto exchange FTX valued at $25 billion in $420 million funding round

FTX is one of the world's largest digital currency exchanges, competing with the likes of Coinbase, Binance and Kraken.

cnbc.com

Coinbase dives deeper into banking by letting users deposit paychecks into their accounts

Coinbase is getting into payroll as part of an expansion into traditional financial services.

cnbc.com

Bitcoin 'whales' jump back into market during cryptocurrency's rebound to $50,000

Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data.

cnbc.com

These are the 5 most in-demand cryptocurrency jobs right now, according to Monster

There are a wide range of open positions in the cryptocurrency industry seeking candidates with varying experience levels and skillsets.

cnbc.com

Cryptocurrencies can be a tool for building personal wealth long-term

Investing in cryptocurrencies is picking up, and can be a beneficial part of a long-term portfolio.

cnbc.com

Binance, the world's largest cryptocurrency exchange, gets banned by UK regulator

Britain's Financial Conduct Authority said that Binance Markets Limited "is not permitted to undertake any regulated activity in the U.K."

cnbc.com

Select H-E-B locations now have cryptocurrency exchange kiosks

Fans of cryptocurrency now have a new way to exchange cryptocoins aside from their mobile devices and computers at home.

Here’s why cryptocurrency crashes on the weekends

Cryptocurrency crashes often happen on weekends. The volatility draws scrutiny from regulators weighing the future of digital currency.

cnbc.com
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Colonial Pipeline CEO Defends $4.4M Ransom Payment Decision

Joseph Blount told senators that authorizing the payment to hackers was the right thing to do to bring an end to the pandemonium and fuel shortages.

newsy.com

Biden’s proposed 39.6% top tax rate would apply at these income levels

President Biden's proposed 39.6% top marginal income tax rate would affect single and married filers with over $452,700 and $509,300 of income, respectively.

cnbc.com

1947 'alien autopsy' film frame is up for auction as an NFT

A film frame allegedly showing the autopsy of an extraterrestrial that crash-landed in Roswell, New Mexico has an opening bid of $1 million.

space.com

Dividing cryptocurrency in a divorce settlement is complicated

Divorce settlements are never easy, and cryptocurrency only makes the process more complex. Financial experts weigh in on what divorcees need to know.

cnbc.com

What’s the deal with cryptocurrency? KSAT Explains

In this episode, we’re taking on the basics of cryptocurrency, answering questions around the origins, uses, security and future viability of this technology.

Cryptocurrencies bounce back after sell-off – here’s what market analysts are saying

Bitcoin and other cryptocurrencies bounced back Thursday, recovering some of the losses seen during a major sell-off a day earlier.

cnbc.com

Bitcoin plunges 10% to a 14-week low as sell-off continues, but a bottom could be near

Bitcoin is about 37% lower than its all-time high of $64,829.14 which was hit in mid-April as negative newsflow has dampened sentiment.

cnbc.com

Ethereum co-founder and Crypto billionaire donates $1bn to India Covid fight – and currency instantly plummets

Some of the ‘meme coins’ that were donated tanked in value by nearly 40%

news.yahoo.com

Crypto billionaire donates $1.2bn to India Covid fight – and currency instantly crashes to make it worth less

Some of the ‘meme coins’ that were donated tanked in value by nearly 40%

news.yahoo.com
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SpaceX is letting future space travelers pay for their flights with Dogecoin

Dogecoin is literally going to the moon.

After Coinbase's blockbuster debut, what investors say it means for cryptocurrency markets

It was a big day for the crypto space with Coinbase making its public debut. Investors discuss what it could mean for the company and broader crypto markets.

cnbc.com

The Coinbase co-founders met on Reddit and launched the company out of a two-bedroom apartment when 'a bitcoin was worth $6'

Cryptocurrency exchange Coinbase went public on Wednesday in a direct listing that opened at $381 per share, valuing the company at $99.6 billion.

cnbc.com

Column: How to catch cheaters who don’t shoulder their share of the tax burden

As April 15 draws near, let's focus our collective anger on the millions of tax cheats who don't pay what they owe.

latimes.com

Coinbase direct listing set for April 14 after SEC approval

Coinbase said Thursday that it will begin trading on April 14, following regulatory approval of its direct listing from the SEC.

cnbc.com

Coinbase valuation soars to $68 billion ahead of highly anticipated crypto listing

Cryptocurrency exchange Coinbase has reached an implied $68 billion valuation ahead of its highly anticipated direct listing on the Nasdaq. The latest valuation is based on a volume-weighted average share price Coinbase cited in a revised S-1 filing released Wednesday. The company reported private shares trading at $343.58 apiece for the first quarter of 2021 ended March 15, which increases the company's valuation 13-fold. According to PitchBook data, the company was last valued at $8 billion in October 2018. The revised regulatory filing also shows that the company has more than 196 million shares outstanding for the first quarter of 2021, resulting in the latest valuation figure.

cnbc.com

Bitcoin tops $1 trillion in value again as the cryptocurrency's price jumps

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France. Bitcoin's value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin's price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. It is only the second time that bitcoin's value has surpassed a $1 trillion after hitting that milestone for the first time on Feb. 19. Bitcoin's market capitalization held above $1 trillion for a few days, before falling below that mark.

cnbc.com

Coinbase and Roblox take a page from Google, keeping marketing costs way down ahead of public debuts

Cryptocurrency exchange Coinbase and gaming app Roblox are both getting set to go public through a direct listing of their shares. Both companies spend less than 10% of their net revenue on sales and marketing. With limited marketing, Coinbase emerged as the most popular crypto exchange for consumers. Their skimpy marketing spend is a rarity. To be exact, Coinbase spent 4.4% of its revenue on sales and marketing costs in 2020, while for Roblox it came to 6.3%.

cnbc.com

Coinbase files for direct listing after revenue more than doubles in 2020

Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from $483 million the previous year. Additionally, Coinbase reported about $136 million in other revenue, which includes direct sales of crypto assets and interest income, pushing its total revenue for the year above $1.2 billion. Trading in bitcoin and ethereum made up 56% of users' trading volume, Coinbase said. "Our net revenue is substantially dependent on the prices of crypto assets and volume of transactions conducted on our platform.

cnbc.com

Bitcoin is cratering again, showing why people should be cautious before investing in cryptocurrency

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France. "People should only invest really what they're willing to lose," said Daniel Polotsky, CEO of CoinFlip, one of the largest bitcoin ATM companies in the U.S. "And, most of the people that do that lose money." People should only invest really what they're willing to lose. Daniel Polotsky CEO, CoinFlip

cnbc.com

Bitcoin surpasses $50,000 for first time as major companies jump into crypto

Bitcoin's price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies. The world's largest digital currency by market value rose more than 3% to an all-time high of $50,487 at about 7:30 a.m. Bitcoin has gotten a boost from news of large firms like Tesla and Mastercard showing support for crypto. Tesla's use of corporate cash to buy bitcoin sparked speculation over whether other major companies would follow suit. Bitcoin skyrocketed to nearly $20,000 in late 2017 before losing more than 80% of its value the following year.

cnbc.com

Bitcoin is skyrocketing. What does it mean for investors?

The reason is the price of Bitcoin, the most popular form of cryptocurrency, which has skyrocketed to record levels. The price of Bitcoin on Sunday was more than $33,000, a record high, before dropping to over $31,000 on Monday morning. But what exactly is it, and what does it mean for investors in the short term and long term? It’s a similar concept to having tokens in an arcade or casino chips, and exchanging real money for them or cashing them out for real money. Many feel Bitcoin is the currency of the future and want to buy it now.

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