Bitcoin Slumps to Lowest Since Late 2020, Ether Tumbles on Fed Jitters

Text size Bitcoin, the world’s largest cryptocurrency, has declined nearly 60% this year. Dreamstime Bitcoin fell Monday and other cryptocurrencies followed it lower ahead of what’s expected to be the third straight outsized interest rate hike from the Federal Reserve when the central bank meets this week. It could be coiling for a big move. … Read more

Crypto Fees Are High. The Stock Market May Hold the Answer.

As cryptocurrency firms try to keep warm during the market’s freeze, there might be a way to stoke the fire: lower fees. Small investors can pay a steep price for the privilege of trading bitcoin and its many digital brethren. The range of costs, from network fees to commissions or spreads for using an exchange … Read more

Ethereum Faces ‘Blockchain Trilemma’ When ‘Merge’ Mania Cools

“It’s hard to talk about the timelines of the following four stages because all of them are still under active research and development. But, in my opinion, it will easily take 2-3 years before all phases are complete,” said Sameep Singhania, co-creator of QuickSwap, a decentralized exchange built on Ethereum scaling solution Polygon.

Will the Fed crash the crypto markets? | Interview with Lyn Alden – Cointelegraph

Will the Fed crash the crypto markets? | Interview with Lyn AldenCointelegraph Bitcoin Is Ready for Big Move with Major Macro Events Coming This WeekU.Today Altcoins Could Collapse by Up to 80% Amid Rate Hikes, According to Coin Bureau – Here’s the TimelineThe Daily Hodl What does the Fed’s fight against inflation mean for crypto? … Read more

Ethereum Aims to Become the Internet of Crypto With ‘The Merge’

If Bitcoin is crypto’s answer to gold, Ethereum is the closest thing it has to its own internet. Anyone who wants to mint a new token, launch a crypto app, or spend $150,000 on a Bored Ape nonfungible token, or NFT, probably uses the Ethereum network. More than $3 billion in transaction volume flows through … Read more

What Stocks Are Moving Monday? Apple, Amazon, Coinbase, Boeing, and More.

Text size Boeing shares are lower in the premarket session. Scott Olson/Getty Images Stock futures were lower Monday, extending losses for Wall Street after Federal Reserve Chairman Jerome Powell made hawkish comments Friday about the central bank’s fight against inflation. Dow Jones Industrial Average futures and futures for the S&P 500 were both down 0.8%. … Read more

Coinbase CEO Brian Armstrong expects crypto bear market to last 12-18 months, plans to continue cost cuts

Coinbase’s chief executive Brian Armstrong said that he expects the crypto winter to last about 12 to 18 months, but is also preparing for the possibility for it to drag on longer. As bitcoin lost almost 55% year-to-date, Coinbase COIN, +0.86% posted a net loss of $1.09 billion in the second quarter, whereas it reported … Read more

Tech Stocks Are Due for Another Fall

Text size Technology fundamentals are getting worse, not better. One example is weakening demand for consumer electronics. Illustration by Barron’s (Dreamtime 4) For years, tech investors seemed to outrun every bit of trouble, like the Road Runner in the old Looney Tunes cartoon. But this summer, tech buyers have changed roles. Suddenly, they look more … Read more

Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash

Core Scientific Inc., Marathon Digital Holdings Inc. and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such as Bitfarms Ltd. and Greenidge Generation Holdings Inc., which reported results Monday, were also forced to … Read more

Coinbase Stock Is Looking Like a Meme Stock. Watch Out, Shorts.

Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have added meme-stock volatility to the mix, taking cues from the likes of GameStop spirit AMC Entertainment . Consider the frenetic trading surrounding … Read more