Many bitcoin miners, who expanded operations in 2021 to capture more profits, are now struggling as the crypto’s price crashed. The bitcoin mining industry’s daily revenue plummeted to $18 million Read more
Tag: Virtual Currencies/Cryptocurrencies
Crypto hedge fund Three Arrows files for U.S. bankruptcy
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York Read more
Crypto crash: How prices for bitcoin and ethereum changed in June 2022
Cryptocurrencies like bitcoin BTCUSD, +3.45% and ether ETHUSD, +3.91% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -0.36% Read more
Bitcoin to record the worst first half of a year in history. Here’s what to watch in crypto for the second half.
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, Read more
Bitcoin crash ‘absolutely’ a buying opportunity, Michael Saylor says
“‘Nobody has ever lost money investing in bitcoin for four years.’” That was MicroStrategy MSTR, -7.41% CEO and bitcoin BTCUSD, -6.18% optimist Michael Saylor talking about the recent dip in Read more
Crypto exchange CoinFlex won’t lift withdrawal freeze yet, despite ‘significant progress’ in rescue token fundraising, CEO says
Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally planned, Mark Lamb, the company’s chief executive, told MarketWatch. The Read more
Crypto exchange CoinFlex won’t lift withdrawal freeze yet, despite ‘significant progress’ in rescue token fundraising, CEO says
Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally planned, Mark Lamb, the company’s chief executive, told MarketWatch. The Read more
Bitcoin could experience a ‘final washout’ decline before reaching a bottom of $13,000, this technical analyst says
Bitcoin is struggling to hold above the psychological level of $20,000, as the Dow Jones Industrial Average DJIA, +0.28% strives to hold its gains on Wednesday. The cryptocurrency BTCUSD, -1.35% Read more
Cash App users can now invest in stock and bitcoin with their spare change
Block Inc. seems positioned to drive more links between its various offerings with a new feature that lets users automatically invest the spare change from Cash Card debit purchases in Read more
Who are the 50 people influencing markets most this year? Tell us what you think.
This is a year in financial markets that will be remembered. Stocks had their worst start to a year since the Great Depression and quickly entered a bear market. Bitcoin Read more