The Crypto Party Is Over
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta…
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Money/Currency Markets
Bitcoin Careens Toward $20,000 as Cryptocurrency Rout Deepens
Cryptocurrencies extended their slide Wednesday, with bitcoin on the verge of falling below $20,000 for the first time since December…
Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown
Further waves of reckoning swept through the cryptocurrency industry Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth…
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…
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…
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…