Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the lender’s U...
Tag: Ethereum/USD Coin Metrics
Bitcoin has now recovered all its losses since FTX collapsed
A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two day...
European Central Bank says bitcoin is on the ‘road to irrelevance’
The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday,...
Crypto startup Ripple seeks license in Ireland to drive EU expansion
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images U.S.-...
Buffett-backed digital bank Nubank to launch its own cryptocurrency
Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a larg...
FTX in talks to raise $1 billion at valuation of about $32 billion
Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barritt | Getty I...
Bitcoin drops 5% to its lowest level in 3 months as risk assets continue to get crushed
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
Ether (ETH) price surges after ethereum completes final testnet merge
So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance. Jakub Porzycki | NurPhoto | Getty Images Ether soared to a...
Crypto startup Nomad offers 10% bounty after $190 million hack
Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images Crypto company Nomad said it’s...
Hackers drain nearly $200 million from crypto startup Nomad
Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and...
Bitcoin (BTC) climbs above $23,000
The world’s largest cryptocurrency is down roughly 50% since the start of 2021. CFOTO | Future Publishing | Getty Images Bitcoin broke the $23,000 threshold for the first time in more than a mon...
Hackers steal $100 million in crypto from Harmony’s Horizon bridge
So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance. Jakub Porzycki | NurPhoto | Getty Images Hackers have stol...
Bitcoin (BTC) price may tank as low as $13,000, strategist warns
If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to...
Crypto start-up MoonPay in NFT deal with Universal, Fox
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami. MoonPay Crypto start-up MoonPay said Tuesday that it’s partnering with Universal Pictures, Fox Corporation an...
S&P 500 futures rise 1% as the market is set to rebound from a brutal week
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising ...
What is staked ether (stETH) and why is it causing havoc in crypto?
Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — an...
Bill Gates says crypto and NFTs are based on ‘greater fool theory’
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder descri...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...
Bitcoin drops 6% to again trade below $30,000 as selloff resumes
A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images Bitcoin fell below $30,000 again Tuesday as the cryptocurrency’s recent se...
New Luna cryptocurrency is already crashing
Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already...
Jim Cramer says investors shouldn’t allow a tumultuous market prevent them from finding ‘better opportunities’
CNBC’s Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn’t be afraid to make moves to strengthen their p...
Bitcoin (BTC) price falls below $27,000 as crypto sell-off intensifies
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, a...
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypt...
Bitcoin drops below $35,000 over the weekend, extending Friday’s losses
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images Bitcoin continued to slide after a broader stock sell-o...
The crypto industry wants to go green — that’s easier said than done
BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, a...
Sanctions could hurt Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country...
Bitcoin ‘tribalism’ holding the crypto industry back, Ripple CEO says
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around...
Ripple’s court battle with SEC has gone ‘exceedingly well,’ CEO says
PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-base...
UK’s FCA extends deadline for crypto firms to make it onto register
A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images The U.K.’s Financial Conduct Authority said Wednesday it is giving some crypto companies more time to...