Bitcoin
Crypto’s $245 million campaign finance operation filled airwaves with ads not about crypto
Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance LAS VEGAS — In Nevada’s 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who’s voted in […]
Read More
Bitcoin drifts near $69,000 on election night as crypto investors see choppy trading ahead
Manuel Augusto Moreno | Moment | Getty Images Cryptocurrencies were slightly higher Tuesday evening as investors waited for direction on the potential outcome of the U.S. presidential election. The price of bitcoin was last higher by 2% at $69,105.03, according to Coin Metrics. Earlier, it rose as high as $70,522.84. It is currently 5% off […]
Read More
Coinbase’s big election bet is about to be tested
WASHINGTON — In the first few years after founding Coinbase, CEO Brian Armstrong shied away from Washington, D.C. But as his ambitions for his crypto exchange scaled, so too did his need to curry favor on Capitol Hill. “About five or six years ago, we realized that crypto was getting big enough that we needed […]
Read More
Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000
Bitcoin and USA flag on a cracked wall. Ruma Aktar | Istock | Getty Images Cryptocurrencies were slightly higher as investors looked forward to results from the U.S. presidential election. Bitcoin rose 1.9% to $68,783.69, according to Coin Metrics. It’s sitting 7% below its all-time high, after coming within spitting distance of it last week. […]
Read More
Marqeta shares plunge more than 30% on big forecast miss
Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021. Source: The Nasdaq Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: […]
Read More
Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
With one day to go until the U.S. general election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 cycle. The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. That $78 million includes more than […]
Read More
Coinbase drops 13% after earnings, heads for worst day in more than a year
The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Idrees Abbas | Sopa Images | Lightrocket | Getty Images Coinbase shares were under pressure Thursday, a day after the company reported weaker-than-expected earnings and gave a tepid revenue outlook for the current quarter. The stock lost 13%, […]
Read More
Coinbase shares tumble as muted crypto trading leads to a third-quarter miss
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. The stock fell more than 4% in extended trading. Here’s […]
Read More
FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud
Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, left, and Claire Watanabe, former senior executive at FTX Cryptocurrency Derivatives Exchange, arrive at court in New York, on Oct. 30, 2024. Mackenzie Sigalos | CNBC Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, […]
Read More