Cryptocurrency

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Crypto Crash
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Cryptocurrency

Bitcoin Trades Near $30,000 as Markets Digest TerraUSD Fallout

(Bloomberg) — Bitcoin staged a modest recovery to trade at around $30,000, extending a period of relative market calm after the collapse of a closely watched stablecoin roiled digital assets in the past week. The largest cryptocurrency advanced 3.4% n Sunday to $30,350 as of 4 p.m. in New York. Ether, the second-biggest token, rose […]

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Bitcoin
Crypto
Cryptocurrency

3 Funds for Bitcoin Exposure in Your Portfolio (GBTC, BITW, OBTC)

For investors, Bitcoin (BTC) may be the most surprising asset class in recent times. Even as it displays schizophrenic and volatile price swings, the cryptocurrency has also emerged as the best-performing asset in the last decade. It has, at various times, outperformed the S&P 500 and diminished gold’s luster as a store of value. Because […]

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Crypto
Crypto Crash
Cryptocurrency

Coinbase Lets Users Know What a Bankruptcy Could Mean for Their Crypto

(Bloomberg) — Coinbase Global Inc., like the rest of the cryptocurrency market, is having a really tough week. Not filing-for-bankruptcy bad, but the biggest US crypto exchange did just mention the B-word in a regulatory filing, giving its customers a painful reminder of how bad things could get for them if Coinbase ever does get […]

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Cryptocurrency
Fiat Currency

Will Cryptocurrency Replace Fiat Currency?

Since their introduction to the mainstream in 2009, cryptocurrencies have experienced rapid growth in value, utility, and popularity. Several are accepted by many retailers and merchants, and investors are eyeing them as a possible way to earn returns and store value. Governments are trying to figure out how to tax and regulate them. Ethereum, the […]

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Bitcoin
Crypto
Crypto Crash
Cryptocurrency

MicroStrategy Options Hedge Risk of 96% Drop After Bitcoin Rout

(Bloomberg) — Few companies are tethered as closely to Bitcoin as MicroStrategy Inc., a software company that’s plowed its profits and borrowed money into the cryptocurrency. Shares of the Tysons Corner, Virginia-based company have tumbled alongside Bitcoin, dropping more than 50% since the end of March to around $230. Yet options activity shows some investors […]

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Bitcoin
Crypto
Crypto Crash
Cryptocurrency
Ethereum

Coinbase Sinks After Warning the Slide in Volume to Worsen

(Bloomberg) — Coinbase Global Inc. shares tumbled after first-quarter revenue missed estimates and the largest U.S. cryptocurrency exchange warned that total trading volume in the current quarter will be lower than in the first. The company’s shares fell about 14% after the close of regular trading. Monthly transacting users fell to 9.2 million, below an […]

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Bitcoin
Crypto
Crypto Crash
Cryptocurrency

Bitcoin Washout Is Leaving Mom-and-Pop Buyers Holding the Bag

(Bloomberg) — There’s a crypto refrain when prices crash precipitously like this: The selloff is washing out the short term-focused non-believers, known as weak hands, strengthening the industry in its wake. It’s a glib way to think of all those who had joined the market as Bitcoin’s price rose to an all-time high at the […]

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Bitcoin
Crypto
Cryptocurrency

Bitcoin Flirts With Lowest Level Since 2021 as Equities Swoon

(Bloomberg) — Bitcoin is falling toward levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments. The world’s largest digital token dropped as much as 2.7% on Monday and was trading at $33,741 as of 12:40 p.m. in Singapore. The second biggest, Ether, shed as […]

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Crypto
Cryptocurrency

Crypto Billionaire Rankles Wall Street Titans With Derivatives Plan

(Bloomberg) — At a posh financial-industry gathering known for swaying palm trees and late-night yacht parties, this year’s main attraction was a face-off between a crypto billionaire and a futures-exchange kingpin. There was Sam Bankman-Fried, whose FTX platform has rapidly become a dominant venue for investing in virtual coins, going toe-to-toe with Terry Duffy, the […]

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Bitcoin
Blockchain
blockchain miners
Crypto
Crypto Crash
Cryptocurrency

Crypto Slide Puts Outlook of a Billion Investors by 2023 to Test

(Bloomberg) — Weakness in the crypto market is providing a sobering backdrop for bullish forecasts, but adherents remain undeterred. Trading-platform Crypto.com estimates 1 billion people will invest in cryptocurrencies by the end of this year. It’s a lofty target. Not only is it more than triple the amount from last year, based on the company’s […]

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Blockchain
Crypto
Cryptocurrency

New US stock exchange will use the blockchain to track trading activity

This week, America’s first blockchain-based stock exchange obtained regulatory approval from the Securities and Exchange. In a filing the SEC uploaded to its website on late Thursday evening, it said the Boston Security Token Exchange (BSTX) could use the nascent technology to offer faster trade settlements. Compared to a traditional exchange where it typically takes […]

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