What happened to Silvergate Capital? And why does it matter?

Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...

Biden targets crypto, real estate and oil industries, as he unveils his budget

President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...

Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF

Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...

Texts From Crypto Giant Binance Reveal Plan to Elude U.S. Authorities

Binance exploded onto the crypto scene in 2017 and grew into the world’s biggest digital-currency exchange. It quickly ran into a problem. It largely operated from hubs in China and then Japan, yet a ...

PayPal’s Outgoing CEO Dan Schulman Buys Up Stock

PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...

Just how bad were holiday sales? The world’s biggest retailers are about to tell us

The nation’s retailers limped into last year’s holiday season with too much stuff that people didn’t want. We’re about to find out how much of it they were able to get rid of, and how much an avalanch...

Wall Street Expects Brutal Coinbase Earnings. Why an Analyst Upgraded the Stock.

Wall Street is mostly muted ahead of earnings from Coinbase Global expecting to see deep losses and the lowest quarterly sales in two years from the cryptocurrency broker when the group reports earnin...

Bitcoin Rises Near $25,000. It Needs to Clear Key Levels to Keep Rallying.

Bitcoin and other cryptocurrencies were rising on Monday as the march higher in digital assets continued despite a quiet day in the stock market, with investors away from Wall Street for the President...

Cathie Wood’s ARK Swoops In to Buy Shopify Stock After Recent Slump

High-profile fund manager Cathie Wood’s ARK Investment Management has increased holdings of e-commerce company Shopify and shed chip maker Nvidia the group said in a statement. ARK snapped up about $3...

Fed Governor warns crypto investors: ‘Don’t expect taxpayers to socialize your losses’

Federal Reserve Gov. Christopher Waller on Friday fired off a warning about the risks of cryptocurrencies, saying they are “nothing more than a speculative asset, like a baseball card.” “If you buy cr...

Crypto tumble as concerns over regulation intensifies

Bitcoin tumbled to a three-week low Thursday, as crypto exchange Kraken halted its staking program and agreed to pay $30 million to settle charges brought by the US Securities and Exchange Commission....

Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.

Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...

Charlie Munger would be more bullish on bitcoin if he had time to study it, Michael Saylor says

“‘Charlie and the other critics, the members of the Western elite … are continually prodded for an opinion on bitcoin, and they haven’t had the time to study it.’” — Michael Saylor, co-founder and CEO...

Tech Earnings Weren’t Great. Stocks Are Soaring Anyway.

Technology stocks have kicked off the year with a roar, staging the kind of spirited, widespread rally last seen during the market’s Covid-era surge. There are nearly two dozen tech tickers on my scre...

Coinbase and Others Are Set for a GameStop Moment in Crypto Stock Short Squeeze

There is a short squeeze going on in beaten-down stocks across the cryptocurrency sector. All it takes is a quick look at the likes of Coinbase Global and Silvergate Capital to see that ‘ GameStop -st...

BlackRock Buys Silvergate Stock. Others Are Bullish on the Beaten-Up Crypto Bank.

The world’s largest asset manager, BlackRock disclosed a significant position in Silvergate Capital the beaten-down banker to the cryptocurrency industry whose share price has been a high-profile casu...

Michael Burry says sell and Jim Cramer says buy. As the Fed meets, here’s how they both could be wrong on stocks.

Michael Burry, the hedge-fund manager at Scion Asset Management who correctly forecast the 2008 financial crisis, on Tuesday night sent out a one-word tweet: “Sell.” Burry didn’t elaborate, but it’s n...

Where Are Stocks, Bonds and Crypto Headed Next? Five Investors Look Into Crystal Ball

A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidi...

Bitcoin’s Rally Is Built on Low Trading Volume. That Adds to the Risks.

Bitcoin has rocketed 37% since the start of the year, completely erasing its losses after the demise of the cryptocurrency trading platform FTX. But there is ample reason investors shouldn’t chase the...

Bitcoin soars past $23,000 to highest since last September

Bitcoin BTCUSD, +0.59% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday th...

Crypto Lender Genesis Files for Bankruptcy. It Could Be Far Worse for Bitcoin.

The lending businesses of Genesis have filed for bankruptcy, making the institutional digital asset powerhouse the latest casualty in a yearlong crash in cryptocurrencies. Genesis Holdco and two subsi...

‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon

““Bitcoin itself is a hyped-up fraud, it’s a pet rock.”” — Jamie Dimon, JP Morgan Chase CEO In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Mor...

Coinbase Stock Is Soaring. It Might Be a Haven in a Wild Crypto Market.

Coinbase Global stock continued its winning streak on Tuesday, rising alongside the price of Bitcoin and on the back of a strong analyst endorsement. Coinbase (ticker: COIN) has already had a busy sta...

Former FTX US head denies participation in fraud involving the company

Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...

Bitcoin spikes above $21,000: is the crypto bear market over ?

Bitcoin, the largest cryptocurrency by market capitalization, spiked above the $21,000 mark on Saturday. The move has encouraged crypto investors who have been shaken by the collapse of several high-p...

Peter Thiel Revealed as an Investor in FTX. Even the Best Get Burned.

Peter Thiel has made some fantastic bets in his career, from PayPal to Facebook to Palantir FTX cannot be counted as one of them. Thiel, one of Silicon Valley’s most high-profile investors, was reveal...

Jamie Dimon Is Changing His Tune About an Economic Hurricane. He’s Not Alone.

After a difficult 2022 for investors, there may be rays of light peeking through at the start of the new year. Take heart from JPMorgan Chase CEO Jamie Dimon. He clarified Tuesday that maybe he should...

Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.

Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...

Coinbase, MicroStrategy and Other Crypto Stocks Fly. Why Gains Could Continue.

Shares in companies exposed to the cryptocurrency space tore higher on Monday. Many of these stocks are beaten down and widely bet against by traders, which means that gains could be accelerated throu...

Coinbase Has Been on a Wild Ride This Week Thanks to a ‘Short Squeeze’

Coinbase Global and other beaten-down cryptocurrency stocks ripped higher on Wednesday, only to fall sharply on Thursday. Analysis of the wild ride suggests that “short squeeze” dynamics in a volatile...

6 value stock picks for 2023 from successful money managers

Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...

Silvergate Stock Dives as Bank Run at Crypto Firm Wipes Out Years of Profits

Shares in Silvergate Capital lost almost half their value on Thursday after the cryptocurrency-focused bank revealed an enormous loss resulting from a struggle to raise cash as deposits plunged in the...