Analysts say a number of factors are driving bitcoin’s New Year rally, including an increased likelihood of lower interest rates and buying by large buyers known as “whales.” Filip Radwanski | Sopa Pictures | Light flare | Getty Images Bitcoin started 2023 on a high note, with the price of the world’s largest digital token …
New year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022 Read More »
Wholesale prices in Japan rise faster than expected Japan’s producer prices, or wholesale prices, rose 10.2% in December from a year ago, according to official data. It was more than the 9.5% rise expected by economists polled by Reuters and marked the third straight rise in monthly readings. The country’s producer prices rose 0.5% on …
Asia-Pacific markets trade mixed on chilled US inflation outlook Read More »
After a tumultuous 2022, crypto investors are trying to figure out when bitcoin’s next bull run might take place. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke with industry insiders who painted a picture of 2023 as a year of caution. Bitcoin should trade in a range, be sensitive to macroeconomic …
Tyler Winklevoss, CEO and Co-Founder of Gemini Trust Co., left, and Cameron Winklevoss, Chairman and Co-Founder of Gemini Trust Co., speak at the 2021 Bitcoin Conference in Miami, Florida, US , on Friday , June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Both Cameron Winklevoss and Barry Silbert were early supporters of …
Why The Winklevoss Brothers Are In A $900 Million Crypto Showdown With Barry Silbert Read More »
Sam Bankman-Fried pleaded not guilty in federal court in New York on Tuesday to eight counts related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. The former crypto billionaire has been charged with conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, …
Sam Bankman-Fried pleads not guilty to federal fraud charges in New York Read More »
The once high-flying tech sector has suffered a strong sell-off this year on fears that the sector’s growth could be dampened by rising interest rates. The tech-heavy Nasdaq Composite is down more than 14%. Chris Hondros | Journalists | Getty Images A lot has changed in technology since the dot-com boom and bust. The Internet …
Nasdaq closes first four-quarter slump since dot-com crash Read More »
The Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland, August 21, 2021. Jakub Porzycki | NurPhoto | Getty Images Solana was touted as the cryptocurrency that would challenge ether with a more environmentally friendly approach, faster transaction speeds, and more consistent costs. …
Solana’s Slide Accelerates – $50 Billion in Value Wiped From Cryptocurrency in 2022 Read More »
The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Market players are trying to assess the extent of the damage it has caused – and how it will reshape the industry in the years to come. Sam Bankman-Fried, the former FTX boss who quit Nov. 11, was arrested …
The FTX Disaster Set Crypto ‘Years’ Back – Here’s 3 Ways It Could Reshape the Industry Read More »
Accounting firm Mazars Group has suspended all work with its crypto clients. The decision to cut ties with Binance, KuCoin and Crypto.com comes just after the global accounting firm released “proof of reserve” reports for several digital asset exchanges. The move comes as major cryptocurrency exchanges seek to prove their creditworthiness and show they have …
Tim Draper, Founder of Draper Associates, on stage at the Web Summit 2022 technology conference. Ben McShane | Sports file via Getty Images Venture capitalist Tim Draper thinks bitcoins will hit $250,000 a coin by mid-2023, even after a killer year for the cryptocurrency marked by industry failures and falling prices. Draper had previously predicted …
