Dogecoin fans push ‘Doge Day’ while global stocks fall.
The display at a crytocurrency ATM in Zurich, Switzerland. Prices of cryptocurrencies and related stocks slipped lower on Tuesday.Credit.Arnd Wiegmann/Reuters
April 20, 2021, 7:27 a.m. ET
Dogecoin, a cryptocurrency started as a joke, now has a market value that can’t be laughed at: more than $50 billion. On Tuesday, traders of Dogecoin were trying to push up the price to coincide with 4/20, or April 20, a date associated with smoking cannabis.
On Twitter, the hashtags #DogeDay and #Doge420 were trending. Dogecoin’s price, which has surged lately, fluctuated between gains and losses on Tuesday, trading at about 40 cents, according to Coindesk. A month ago, it was about 5 cents.
Coinbase’s valuation soars in first public listing of a major cryptocurrency company.
Coinbase allows customers to buy and sell digital currencies and takes a transaction fee.Credit.Jason Henry for The New York Times
April 14, 2021, 1:30 p.m. ET
Shares in Coinbase, the first major cryptocurrency company to list its shares on a U.S. stock exchange, jumped in their market debut on Wednesday, showing that investors are hungry to get a piece of the hot market for digital currencies.
Coinbase began trading on Wednesday afternoon at $381 a share, a 52 percent increase over a $250 reference price set by Nasdaq on Tuesday. (A reference price is set by a stock exchange based on expectations for where the stock will open.)
April 14, 2021, 5:00 a.m. ET
SAN FRANCISCO Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream.
Traditional banks are helping investors put their money into cryptocurrency funds. Companies like Tesla and Square are hoarding Bitcoin. And celebrities are leading the way in a digital-art spending spree using a technology called an NFT.
On Wednesday, digital or cryptocurrencies will take their biggest step yet toward wider acceptance when Coinbase, a start-up that allows people to buy and sell cryptocurrencies, goes public on Nasdaq. Coinbase shares received a reference price of $250 each on Tuesday evening, which would value the company at $65 billion based on all its outstanding shares.
Twitter Hacker Pleads Guilty in Florida Court
The 18-year-old is expected to serve three years in a juvenile facility in return for the plea.
Graham Ivan Clark pleaded guilty on Tuesday to hacking high-profile Twitter accounts.Credit.Glenn Chapman/Agence France-Presse Getty Images
March 16, 2021
The young hacker accused of being the mastermind behind a breach last year of high-profile Twitter accounts pleaded guilty on Tuesday in a Florida court, agreeing to serve three years in juvenile prison.
Graham Ivan Clark, 18, faced fraud charges after a hack that compromised Twitter accounts belonging to Elon Musk, Jeff Bezos, former President Barack Obama and other celebrities. Under Mr. Clark’s control, the accounts tweeted fraudulent messages soliciting Bitcoin, promising to double the money of anyone who sent cryptocurrency. The scheme netted Bitcoin worth more than $100,000 before it was shut down.