Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase has become the latest tech company to warn of a slowdown in hiring. The crypto exchange told staff Tuesday it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its workforce in 2022. “Given current …
SINGAPORE — Shares in the Asia-Pacific gave up early gains on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Tech stocks in Hong Kong surged before paring some gains following bad news from China on the economic front. The Hang Seng Tech index was up more than 2% at one point, before dropping by about …
The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollar, has erased much of its value this week after a stunning run on …
The logo of the Bitcoin cryptocurrency in a window of an office building in the Mitte district of Berlin, Germany, on Tuesday, Feb. 15, 2022. Krisztian Bocsi | Bloomberg | Getty Images The price of bitcoin bounced on Friday and wavered over the $30,000 mark, after dropping to 2022 lows earlier in the week, as stocks climbed higher and investors …
Bill Miller revealed Thursday that he sold some of his bitcoin holdings as the recent losses in the cryptocurrency triggered margin calls. Source link
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged as low as $26,595.52 Thursday …
Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypto project Terra are now in freefall. UST, a so-called stablecoin that’s meant to maintain a $1 peg, plunged to as low as 31 cents Wednesday. It was last trading …
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%. Bitcoin, the world’s …
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. Binance plans to invest $500 …
Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images The price of bitcoin climbed about 6% Wednesday after the Federal Reserve raised …
