Ethereum/USD Coin Metrics
Crypto start-up MoonPay launches NFT platform with Universal, Fox
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami. MoonPay Crypto start-up MoonPay said Tuesday that it’s partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint. The new platform enables large brands, agencies, and enterprises to mint […]
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Asia-Pacific markets in positive territory; RBA poised to release meeting minutes
SINGAPORE — Asia-Pacific markets were mostly buoyant in early trade on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank is poised to release meeting minutes in the morning. Japan’s Nikkei 225 was 1.19% higher in early trade while the Topix rose by 1.2%. The Kospi in South Korea was […]
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S&P 500 futures rise 1% as the market is set to rebound from a brutal week
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average gained more than 250 points. S&P 500 futures climbed 1.1% and […]
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Bitcoin rebounds 8% but struggles to hold above $20,000
Bitcoin continues to trade around the $20,000 mark, keeping investors on edge about where the price is going next. Nurphoto | Getty Images Bitcoin jumped 8% on Monday after a sharp sell-off over the weekend but continues to teeter around the $20,000 mark, keeping investors on edge. The world’s largest cryptocurrency was trading at $19,935.98 […]
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What you need to know about staked ether, the token at the center of crypto’s liquidity crisis
Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for […]
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Why the $2 trillion crypto market crash won’t kill the economy
Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of […]
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Bitcoin sees slight rebound after nearly falling below $20,000, but it’s still at late 2020 levels
Bitcoin has been closely correlated with stock indexes, in particular the Nasdaq, which rose on Wednesday after the U.S. Federal Reserve hiked interest rates by 0.75 percentage point. That’s one reason why bitcoin rose slightly on Thursday. STR | NurPhoto via Getty Images Bitcoin rose on Thursday following a similar jump in U.S. stocks, but […]
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Bitcoin came close to falling below $20,000 as investors continue to flee cryptocurrencies
Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images The sell-off in cryptocurrencies deepened even further on Wednesday, with bitcoin sinking very close to the key level of $20,000. Bitcoin plunged as much as 10% to an intraday low of $20,166, according to Coinbase data. It was last trading at […]
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Bill Gates says crypto and NFTs are ‘100% based on greater fool theory’
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder described the phenomenon as something that’s “100% based on greater fool theory,” referring to the idea that overvalued assets will go up in price when […]
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Investors worry another possible crypto collapse will bring down other key players
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down other major players in the market. Celsius recently moved to pause all account withdrawals, sparking fears that it may be about to go bust. The […]
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