Celsius Customers Are Losing Hope for Their Locked-Up Crypto

It has been three weeks since crypto lender Celsius Network LLC took the drastic step of halting customers’ withdrawals. Many people are starting to wonder if they will ever see their money again. All...

Grayscale Bitcoin Trust’s Discount Is Tempting. Why It’s Not a Slam Dunk.

There is a way to buy Bitcoin for nearly a third less than the market price, but investors do so at their peril. That is the broad lesson to draw from the travails of the Grayscale Bitcoin Trust (tick...

Crypto’s Domino Effect Is Widening, Threatening More Pain

Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies c...

Crypto hedge fund Three Arrows files for U.S. bankruptcy

Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows C...

Crypto Winter Is Coming After SEC Rejects Key Bitcoin ETF

As if crypto bros didn’t have enough to worry about. The Securities and Exchange Commission has rejected Grayscale Investments’ application to convert its $13 billion spot Bitcoin trust into an exchan...

Bitcoin’s Next Headwind: Struggling Crypto Miners

Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, furth...

Oaktree’s Howard Marks is finding bargains: ‘I am starting to behave aggressively’

Stocks are mostly higher on Tuesday, with China to thank for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the s...

Gensler labels bitcoin a ‘commodity’ as crypto prices stabilize

Securities and Exchange Commission Chairman Gary Gensler said Monday that bitcoin BTCUSD, -0.24% was the only cryptocurrency he was prepared to publicly label a commodity, rather than a security, in a...

Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice

Crypto platform Voyager Digital Ltd. VOYG, -52.50%  shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto ...

Asian markets mostly fall ahead of U.S. holiday

TOKYO (AP) — Asian markets were mostly lower in cautious trading Monday ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring...

Bitcoin rallies back above $20,000 on Sunday, after hitting 18-month low

Bitcoin prices rallied Sunday, topping the $20,000 level again after falling to an 18-month low Saturday amid a weeks-long cryptocurrency rout. Bitcoin BTCUSD, +0.48% surged about 16% in the past 24 h...

The ‘Crypto Winter’ Could Become a ‘Crypto Hell.’ What to Know.

When a traditional bank fails, a SWAT team of regulators swoops in, winding it down in secret and preventing a panic that could spread throughout the financial system. In cryptocurrency banking, the d...

Bitcoin’s nosedive through the $20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’

Is bitcoin BTCUSD, +4.03% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s...

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame ? See: Bit...

Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.

Text size Bitcoin prices have been crashing and could fall even further. Courtesy Ethan Lou The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020....

Bitcoin’s Price Falls Below $20,000

The price of bitcoin lurched below $20,000, and below a level widely monitored by cryptocurrency enthusiasts, as a brutal selloff in crypto showed no signs of abating. Bitcoin fell as low as $18,739.5...

Bitcoin slumps below $20,000 as cryptocurrency rout rolls on

Bitcoin traded below $20,000 on Saturday, extending the slide that has wiped out trillions in market value from cryptocurrencies. Bitcoin BTCUSD, -7.07% traded down 8% to $19,029, extending a slide fr...

The Crypto Party Is Over

On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the...

Bitcoin crash ‘absolutely’ a buying opportunity, Michael Saylor says

“‘Nobody has ever lost money investing in bitcoin for four years.’” That was MicroStrategy MSTR, +3.88% CEO and bitcoin BTCUSD, -6.27% optimist Michael Saylor talking about the recent dip in bitcoin p...

A Crypto Bankruptcy Could Be Investors’ Nightmare

The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...

Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’

A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...

Celsius Is Crashing, and Crypto Investors Are Spooked

A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an a...

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...

‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’

Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...

Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’

“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.40% co-founder Bill Gates delivering his...

Crypto Is Plunging. Here Are the Stocks With the Most Exposure.

Bitcoin has plunged amid murmurs of a “crypto winter.” Dreamstime Text size Murmurs of a “crypto winter” are intensifying and shares of crypto-exposed companies are being caught up in the carnag...

Bitcoin down 70% from all-time high. Why is crypto market crashing?

Cryptocurrencies have been crashing. Bitcoin BTCUSD, -3.21% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No...

Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps

Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...

Binance resumes bitcoin withdrawals as crypto prices crater

The world’s largest cryptocurrency exchange, Binance, resumed withdrawals of bitcoin after it instituted a “temporary pause” Monday morning that latest several hours, the company said. Binance founder...

Crypto crash FOMO? ‘I missed the bus on Bitcoin, but now feel like my time has come. Is it time to go big or go home? I have another 25 years of a boring 9-to-5 job, and I just want out.’

I read a letter from a reader last year who was suffering from crypto FOMO, and I have been following the crypto markets ever since. I felt like I missed the bus on Bitcoin, but now feel like my time ...

Bitcoin tumbles through $24,000 in crypto crash. This chart shows how much worse a selloff could get.

Cryptocurrencies kicked off a new week with deep losses, extending weekend selling following surprisingly high U.S. inflation data and troubles for a major cryptocurrency exchange. Bitcoin  BTCUSD, -1...