Turning point for Bitcoin? Where crypto goes from here

It’s been a strenuous year for the crypto business. After hitting a high of more than $68,000 in November 2021, bitcoin has plunged to hover around $20,000. But for long-term ETF investors, some experts advise to take crypto’s comedown in stride. “If you’re going to do this right, then what’s been happening in the past … Read more

Nasdaq falls for third straight day as chip stocks weigh on market

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, August 8, 2022. Andrew Kelly | Reuters Stocks fell on Tuesday as investors navigated a batch of disappointing company reports ahead of a key inflation reading. The S&P 500 fell 0.6%, while the Nasdaq Composite dropped 1.5%. The Dow … Read more

How ETF investors can bet on the crypto crash

Digital currency investors have been under pressure this year due to a range of factors, from inflation and recession fears to a liquidity crisis among high-profile crypto companies. Bitcoin’s steady freefall has brought the flagship coin down almost 70% off its historic high last November. For investors mulling a bet against bitcoin, ProShares launched BITI, … Read more

Binance backing for Elon Musk’s Twitter bid boosts ‘Web3’ vision

Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. … Read more

Berkshire Hathaway annual meeting 2022

Buffett and Munger on stage with Berkshire vice chairmen Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Warren Buffett appeared on stage at the CHI Health Center with his right hand man Charlie Munger by his side. They were welcomed by a … Read more

Stripe launches crypto payments feature, with Twitter as first client

Illustrative image of two commemorative bitcoins with a green background. Arthur Widak | nur photo | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will … Read more

Tether to reduce commercial paper holdings in USDT reserves

PARIS — Crypto firm Tether is planning to reduce its holdings of commercial debt in its reserves, as the issuer of the world’s most-used “stablecoin” continues to face questions about what its digital currency is actually backed by. Last year, Tether revealed that it held some cash but also bought a large amount of commercial … Read more

Bitcoin (BTC) price slumps to 3-month low

Chukrut Budrul / SOPA Images / LightRocket via Getty Images Bitcoin fell to a three-month low on Friday night amid nervousness over the tightening of US monetary policy and the shutdown of the internet in Kazakhstan, the world’s second-largest bitcoin mining hub. The price of bitcoin fell below the $ 41,000 mark to $ 40,749.90 … Read more

Bitcoin (BTC), other cryptocurrencies drop on hawkish Fed minutes

Bitcoin and other cryptocurrencies fell on Thursday as the minute minutes of the Federal Reserve’s December meeting hit global risk assets. Bitcoin was trading at $ 43,225.10, down 2% from the previous 24 hours, according to data from Coin Metrics at 4:00 p.m. ET. At one point it sank to just $ 42,496, hitting the … Read more

Kevin O’Leary on why he thinks NFTs will become bigger than bitcoin

“Shark Tank” investor Kevin O’Leary strongly believes in non-fungible tokens; He even believes that they have a chance to get bigger than bitcoin. O’Leary, president of O’Shares Investment Advisers, said his belief in NFTs stems from the idea that they can prove ownership of real-world items, such as designer watches or flash cars, digitally rather … Read more