Bitcoin
Terra backers vote to revive luna — but not UST — after $60 billion crypto collapse
The UST stablecoin plunged below its intended $1 peg in May, causing panic in the crypto market. Gabby Jones | Bloomberg | Getty Images Backers of Terra have approved a plan to revive the failed cryptocurrency venture — without the controversial stablecoin that helped trigger its stunning demise two weeks ago. “With overwhelming support, the […]
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Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $4.5 billion fund for backing […]
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Bitcoin Pizza Day and NFTs: Crypto players take over main strip in Davos even after market crash
DAVOS, Switzerland — Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade, a main strip where companies and governments take over shops and bars during the week […]
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Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says
Scott Minerd, Guggenheim Partners LLC Global Chief Investment Officer, at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galici | CNBC Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of […]
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Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood. The Bahamas-based […]
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Christine Lagarde says crypto is worth nothing
The European Central Bank is exploring whether to issue its own digital alternative to cash. Olivier Matthys | AFP | Getty Images European Central Bank President Christine Lagarde thinks cryptocurrencies aren’t worth a dime. “My very humble assessment is that it is worth nothing,” Lagarde said of crypto in an interview with Dutch talk show […]
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Tether withdrawals top $10 billion as regulators raise alarm about stablecoins
Tether claims its dollar-pegged token is “fully backed.” Justin Tallis | Afp | Getty Images Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened regulatory scrutiny over stablecoins. Tether, the world’s largest stablecoin, has seen its circulating supply plunge from a record $84.2 billion on May 11 […]
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Crypto as currency: managing your financial life using digital coins
Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky. Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins […]
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Tether claims its stablecoin is now partially backed by non-U.S. government bonds
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.” government bonds. Stablecoins are a type of cryptocurrency pegged to the value of sovereign currencies […]
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Jack Dorsey outlines Block’s bitcoin-centric future at first investor day in five years: ‘No longer just a payments company’
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer want the firm to be seen as a payments pure play. The San Francisco-based company held its first investor day in five years […]
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