virtual currencies
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Russian ruble surges on report some capital controls may ease up
The Russian ruble surged on Monday, following a report that the government plans to cut a key foreign exchange limit…
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Ex-BitMEX CEO sentenced over money laundering compliance failure
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months…
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Bitcoin and other cryptocurrencies are rallying — watch out for another downward move
Bitcoin and other cryptocurrencies were rallying on 20 May as digital assets continued a recent outperformance of stocks, though there are…
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MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
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SEC chair Gary Gensler says there is more crypto pain to come
Securities and Exchange Commission chairman Gary Gensler said 18 May he worries that more investors will be harmed in cryptocurrency…
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How the crypto crash exposes the hollowness of its libertarian promise
To its advocates, cryptocurrency is, at its heart, a libertarian project to free mankind from the shackles of government —…
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Meet the 24-year-old who quit hedge fund Citadel to get rich in blockchain network Terra. Two months later, ‘there is no Terra anymore’
At the start of 2022, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin’s powerhouse hedge-fund…
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Hedge funds to crypto traders: ‘Told you it was a bubble’
Investors are being bombarded from all angles. Covid continues, inflation is rampant, war rages in Ukraine, and tech stocks are…
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Nomura to launch new firm to scale up offerings in crypto, DeFi and NFTs
Nomura said it is launching a new digital assets company to provide its institutional clients with crypto trading services. The new…
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Creator of TerraUSD plans to overhaul cryptocurrency
The price of the stablecoin TerraUSD was down sharply on 16 May as the cryptocurrency’s creator announced a plan to…
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15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors
During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or…
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Crypto prices are moving in lockstep with traditional markets — here’s what that means for investors
Cryptocurrency prices are moving in lockstep with stocks and bonds like never before, punishing those who bought bitcoin and other…
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SEC chair Gary Gensler says crypto assets are securities and thus ‘core to our remit’
Securities and Exchange Commission chair Gary Gensler said that crypto assets count as a “security contract”, which falls under the…
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Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood
Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock…
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How More Than $1 Trillion of Crypto Vanished in Just Six Months
Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion…
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Crypto’s Wild West needs taming, IOSCO says: ‘It’s time for a sheriff to come to town’
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must brace for a new era…
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As Calls to Leave Russia Continue, Some U.S. Tech Firms Opt to Stay
Facing pressure to cut all ties with Russia—Ukrainian President Volodymyr Zelensky made another such exhortation this week—some U.S. companies continue…
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How a stablecoin crash shook the crypto market
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had…
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Robinhood stake acquired by FTX founder Sam Bankman-Fried
One of the biggest names in cryptocurrencies is betting on individual investors. Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange…
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Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.’
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had…
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Bitcoin tumble continues amid TerraUSD fall
The price of bitcoin was under pressure again on 12 May, with even bigger losses among smaller cryptocurrencies, as the…
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Coinbase warns crypto users may not be protected in the event of bankruptcy
Cryptocurrency trading platforms might look and feel like regular brokerage apps to everyday users, but regulators have long warned they…
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Bitcoin plunges as Terra’s meltdown drags cryptos lower
Bitcoin and other cryptocurrencies remained under pressure, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to…
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Coinbase Stock Keeps Sliding After Earnings Report
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and…
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Algorithmic stablecoin TerraUSD plunges as spooked investors step back
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated 11 May, sending its price to…
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Market crash gives crypto its biggest test as 40% of bitcoin investors are now ‘under water’
The looming fear of rising interest rates spooked traders at the start of the week into selling anything and everything, causing global…
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Stablecoin Terra falls as low as 30 cents on the dollar
The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the…
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Cryptocurrency TerraUSD Plunges as Investors Bail
The break in TerraUSD’s peg began over the weekend with a series of large withdrawals of TerraUSD from Anchor Protocol,…
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Coinbase says it is bleeding users as Nasdaq and bitcoin continue to fall
The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and…
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TerraUSD falls below its fixed value, triggering crypto selloff
One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on 9 May, the…
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Why bitcoin’s recovery may not happen anytime soon
Cryptocurrency prices tumbled over the weekend and on into 9 May, with Bitcoin nearing a yearly low as investors continued…
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Bitstamp CEO Julian Sawyer leaves crypto exchange in surprise move after less than 18 months in role
Julian Sawyer who was serving as chief executive at cryptocurrency exchange Bitstamp has left the company effective immediately. In a…
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Crypto’s just had a rough weekend — here’s what happened
The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market. The world’s largest cryptocurrency, bitcoin,…
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Another rough week ahead? Dow futures slump more than 400 points Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow…
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After a wild week on Wall Street, stock futures slump Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow…
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Bitcoin slips below $35K, down nearly 50% from its all-time high
Bitcoin, the world’s most popular crypto asset, extended its slump into the weekend, falling below $35,000 after a volatile week…
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Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
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Bitcoin, crypto prices slip as investors step back from risky stakes amid Fed moves
Cryptocurrency prices slid on the afternoon of 5 May along with major stock market indexes. Bitcoin fell to $36,431.57 at…
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Binance pledges $500m as Elon Musk gets $7bn in fresh funding for Twitter takeover
The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon Musk buy Twitter. The firm is…
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Binance chooses Paris as its European trading hub
Binance, the world’s largest crypto exchange, is planting a foot in Paris as it seeks to establish itself as a…
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Ark’s Cathie Wood to crypto faithful: Keep slamming bitcoin ‘if you want the US to lose’
The Ark Innovation fund’s Cathie Wood roused crypto bulls at the Bitcoin 2022 conference in Miami by touting bitcoin as…
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The real-life ‘Wolf of Wall Street’ is now a crypto guru. That’s a sign of a looming reckoning
Critics of the cryptocurrency industry have long said that bitcoin and other digital assets are barely discernible from a Ponzi scheme. Is…
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Coinbase, Ark CEOs on why crypto will boost global GDP
LOS ANGELES — One billion people around the world will use cryptocurrency technology in one way or another by the…
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Coachella for Capitalists: Why bitcoin topped the bill at Berkshire Hathaway’s AGM
It’s been called the Woodstock of Capitalism, Coachella for Capitalists, and a whole lot worse too. What’s for certain is that Berkshire…
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The Fed isn’t going to save bitcoin’s bear market
A bear market has settled in for tech stocks as the Fed turns hawkish. It doesn’t bode well for bitcoin and…
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SEC to Hire More Crypto Cops to Fight Digital Frauds
WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other…
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Warren Buffett and Charlie Munger hit out at bitcoin at Berkshire’s AGM but crypto fans are unmoved
Warren Buffett and Charlie Munger doubled down on their criticism of bitcoin at Berkshire Hathaway’s annual shareholders meeting on 30…
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US Labor Department has ‘grave concerns’ about Fidelity’s bitcoin pension plan
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of…
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Robinhood sales drop 43% as users leave
Robinhood’s revenue fell to $299m in the first quarter, a decline of 43% from the same period last year and the…
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In shock U-turn, London Metal Exchange says CEO Chamberlain to remain in post
Matthew Chamberlain, the chief executive of the London Metal Exchange who was set to depart for a cryptocurrency venture at…
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