cryptocurrency bubble
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You Can Now Use Crypto to Buy a Ferrari
Nothing says luxury like tapping into a digital trend that is past its best days. Italian car manufacturer Ferrari announced its intention to let the bourgeoisie purchase its luxury vehicles using cryptocurrency. The plan was born out of Ferrari receiving requests from its wealthy customers to use crypto to purchase vehicles, Reuters reported Saturday. As…
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Crypto Workers Behind Terra and Luna Are Facing a Flight Ban in South Korea
The ongoing crypto crash has brought a lot of investors back down to earth. In the case of current and former Terraform Labs employees, it’s keeping them literally grounded.
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Warren Buffett Says He Wouldn’t Take All the Bitcoin in the World for $35
Warren Buffett has always been a bitcoin sceptic. But the billionaire investor had his most harsh words yet for the cryptocurrency over the weekend. Buffett made it clear that his opposition to crypto has nothing to do with whether people can make money trading bitcoin. Buffett’s opposition is purely on principle because bitcoin has no…
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China Just Made Crypto Transactions Fully Illegal
After spending the past few months rounding up an untold number of crypto criminals across China, it looks like local authorities have finally had enough. The People’s Bank of China posted a terse notice on its blog on Friday morning where the financial regulator made its stance pretty clear: Any crypto-related transactions are considered “illicit…