Fidelity’s Crypto-Focused Business Plans Tech Hiring Spree
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double…
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China Tech Stocks Rally After Alibaba and Baidu Beat Forecasts
Chinese internet stocks jumped, after results from
Alibaba
BABA 14.79%
Group…
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says
WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of privately-issued digital…
MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s
new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
Andreessen Horowitz Debuts $600 Million Gaming Fund to Add to Web3 Bets
Silicon Valley
venture-capital firm Andreessen Horowitz debuted a $600 million fund dedicated to gaming…
How More Than $1 Trillion of Crypto Vanished in Just Six Months
Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than…
Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.’
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin.Since it launched in 2020, it had mostly done that, rarely straying more than a…
Apple Is No Longer World’s Most Valuable Company
Apple’s stock is down roughly 20% for…
WSJ News Exclusive | Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes
WASHINGTON—Federal regulators are investigating
Elon Musk’s
late disclosure last month of his sizable stake in…
Coinbase Stock Keeps Sliding After Earnings Report
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about…