Cryptocurrency
Sudden crypto market drop sends bitcoin below $22,000
Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June. Yu Chun Christopher Wong | S3studio | Getty Images Bitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading. Bitcoin briefly plunged from […]
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Ether is up 100% since its bottom in June, massively outperforming bitcoin
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images Since finding a bottom in mid-June, ether has massively outperformed bitcoin as investors anticipate a major upgrade to […]
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Web3 is in chaos and metaverses are in their own walled gardens, says Randi Zuckerberg
“We’re really just scratching the surface of what we’re going to see [in the metaverse],” said Randi Zuckerberg, the founder and CEO of Zuckerberg Media. Wildpixel | Istock | Getty Images A smooth and “complete decentralization” of Web3 is not yet a reality, said Randi Zuckerberg, referring to a system in which users rather than […]
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Crypto broker Genesis slashes 20% of workforce and announces CEO exit after loans soured
Michael Moro, chief executive officer of Genesis, pauses as he speaks during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022. Marco Bello | Reuters Digital asset brokerage Genesis said on Wednesday that CEO Michael Moro is stepping down and the company is slashing 20% of its workforce, the latest casualties as the […]
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Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer named Magnolia was the […]
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Bitcoin tops $25,000 for the first time since June before slipping
Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurphoto | Getty Images Bitcoin briefly topped $25,000 to hit its highest level in June before falling sharply as the cryptocurrency struggles to make […]
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Ether surges 13% to a two-month high after ethereum inches closer to long-awaited upgrade
Omar Marques | LightRocket | Getty Images Ether soared to a two-month high after developers successfully completed a final dress rehearsal for a pivotal upgrade expected to happen next month. The world’s second-biggest cryptocurrency reached a price above $1,927 at around 8:20 a.m. ET Thursday, according to data from CoinMetrics. That’s its highest level since […]
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Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto
Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. Getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade […]
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What ‘crypto winter?’ Schwab launches ETF giving investors significant cryptocurrency exposure
Investors have a new way to buy cryptocurrencies. Schwab Asset Management released its Schwab Crypto Thematic ETF (STCE) this month to answer investor demand. David Botset, who was directly involved in the launch, told CNBC’s “ETF Edge” the new product is unique because investors get an indirect way to significantly play cryptocurrencies. “It is a […]
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Hackers have stolen $1.4 billion this year using crypto bridges. Here’s why it’s happening
Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos […]
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