Bitcoin (BTC USD) Cryptocurrency Price Retreats to Weekend’s Flash Crash Lows

Bitcoin headed for its worst week in almost two months as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the world’s largest cryptocurrency.

A fresh bout of selling on Friday drove Bitcoin down as much as 7.9% to $47,525 — below its 100-day moving average — as it continued to take out key technical levels. Wall Street analysts warn of further losses for the notoriously volatile currency that hit a record high of $64,870 on April 14 ahead of Coinbase Global Inc.’s listing, before succumbing to an unexplained weekend swoon.

This week’s roughly 20% rout marks

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I’m a dogecoin millionaire, inspired by Elon Musk

Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire.

“I was up all night staring at my screen,” Contessoto, 33, tells CNBC Make It.

After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents.

Contessoto was intrigued by dogecoin for a few reasons.

For one, he loved the Reddit community surrounding the digital coin, as its base had grown substantially since dogecoin’s creation as a joke in 2013. He also appreciated that it was inspired by

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Bitcoin falls below $50k as Biden tax plans spark crypto sell-off

Bitcoin crashed 10% to $49,332 (£68,482) on Friday morning in London, Ethereum slumped 11% to $2,227 after hitting record highs of £2,613 on Thursday. Photo: Getty

Crypto markets pulled back sharply after reports US president Joe Biden is planning to raise capital gains tax for the wealthy.

Bloomberg reported on Thursday that Biden is considering nearly doubling tax to as high as 39.6%, an increase from the current 20%. Cryptocurrency investors face higher taxes if Biden presses ahead. 

Bitcoin (BTC-USD) crashed 10% to $49,332 (£68,482) on Friday morning in London, Ethereum (ETH-USD) slumped 11% to $2,227 after hitting record highs

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Amazon (AMZN), Tesla Motors (TSLA) – What Will It Take For Dogecoin To Hit $1? Jeff Bezos Backing And Less Than 24 Hours, Says YouTuber

Dogecoin (DOGE) could skyrocket to a record price of $1 “in less than 24 hours” if the meme cryptocurrency has the backing of Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos, a bullish YouTuber has claimed.

What Happened: Crypto-analyst YouTube channel ‘Self Made’ told The Daily Express that Bezos’ approval of Dogecoin could take the cryptocurrency to unimaginable heights in the long run.

“There is speculation that Jeff Bezos might be coming to the scene as a second-lead. The adoption from someone like Bezos can set Dogecoin to $1 in less than 24 hours,” the analyst was quoted by the

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CEO of Turkish cryptocurrency exchange Thodex missing

A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England.

Jordan Mansfield | Getty Images

LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen.

Thodex, a crypto firm based in Turkey, said its platform has been “temporarily closed” to address an “abnormal fluctuation in the company accounts,” according to a translated statement on its website.

Local media reports say that Faruk Fatih Ozer, Thodex’s founder, has flown to Albania, taking $2 billion of investors’ funds with him. Demiroren News

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Bitcoin (BTC) price plunges as $260 billion wiped off cryptocurrencies

LONDON/GUANGZHOU, China — Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling.

Bitcoin was down 7.3% at $49,730, according to Coin Metrics data. It’s the first time bitcoin has traded below $50,000 since early March. Ether fell to $2,320, down 8%. XRP, the fifth-biggest cryptocurrency, plunged 16%.

Bitcoin rebounded late Friday to above $51,000.

This wiped out more than $200 billion of value from the entire cryptocurrency market, according to data from CoinMarketCap.

“The market has run up quite a bit overall, and

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Singapore Names Wong Finance Minister in Cabinet Shake-Up

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Lawrence Wong was named Singapore’s next finance minister in a cabinet reshuffle Friday, boosting his prominence as the city-state reboots its leadership transition plan.

The appointment of Wong, 48, follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’s stepping aside as the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition,

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Biden Announces International Climate Finance Plan | National News

President Joe Biden on Thursday announced a new climate finance plan during his two-day summit that seeks to boost funding for developing countries.

“Today we are issuing America’s first ever international climate finance plan,” Biden said at his virtual climate change summit. “This plan represents our vision for financing the global climate response in a coordinated way. It lays out specific steps that federal agencies of the United States will take to increase both the quality and quantity of climate financing.”

Under the plan, the U.S. aims to double its climate financing to developing countries by 2024 relative to the

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Barron’s 100 Most Influential Women in U.S. Finance: Karin Risi

Karin Risi


Courtesy of Vanguard

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Karin Risi, who led a major transformation of the Vanguard Group’s U.S. individual investor business, has a new role overseeing the asset manager’s planning and development group.

In December, she was named managing director of Vanguard’s global investment-product development and oversight, enterprise strategy, marketing, communications, and community efforts. Her objective remains the same, she says: help clients meet their investment goals.

Risi, 48, joined Vanguard in 1997 as an investment analyst. As managing director of its retail investors group, she designed and launched Vanguard Personal Advisor Services, which helped make comprehensive investment advice

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We teach wrong math for financial success

Bad financial decisions, just like good financial decisions, can compound, making it harder to achieve financial success, yet many students across the U.S. receive too little financial education to understand core financial literacy concepts.

A Junior Achievement survey revealed that 46% of teens said a general lack of understanding of money, investing and the economy negatively impact their ability to be financially successful. And 51% said they don’t believe everyone is presented with equal opportunities to achieve financial success.

Students are worried.

For 16-year-old Jorge Sanchez from Riverview, Florida, lack of student financial literacy leads to worries about preparing for

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