Elsewhere, U.S. futures are lower even as European and Asian stocks tick higher. Read More
Tag: Bitcoin
Bitcoin bubble bursts overnight, dragging down stocks
Enlarge (credit: Aurich Lawson | Getty Images) Overnight, a broad selloff of prominent cryptocurrencies has vaporized billions of dollars in value. Bitcoin, the largest cryptocurrency affected, is off more than 18 percent in the last 24 hours. Currently, it’s worth just over half what it was in mid-April. Over the past week, more than $600 […]
Crypto carnage—Bitcoin, Ethereum, Dogecoin all bomb lower
Investors wipe $280 billion off Bitcoin’s market cap overnight. Read More
Copper, crude and crypto rise, as do global stocks
U.S. futures are gaining on Tuesday, following Europe and Asia higher. Read More
Bitcoin, Ethereum tank on Elon Musk’s latest tweet storm—stocks open the week mixed
U.S. futures are trading sideways on Monday; all the action is in crypto. Read More
GameStop FOMO inspires a new wave of crypto pump-and-dumps
Enlarge (credit: peng song / Getty) After the California Gold Rush, in 1870, two Kentucky swindlers whipped up a scheme to prey on thirsty financiers’ FOMO. They invented a diamond field out West. Investors sunk millions in today’s money into the scheme. All of it, of course, was for naught—a cautionary tale about believing anyone […]
Binance, the biggest cryptocurrency exchange, reportedly under investigation
Enlarge (credit: Bloomberg / Getty Images News) Binance, the world’s largest cryptocurrency exchange, is under investigation by a laundry list of US government agencies, including the US Justice Department, the Internal Revenue Service, and the Commodity Futures Trading Commission, according to a report by Bloomberg. The agencies are probing Binance for potential criminal violations, the […]
Stocks are up, Bitcoin’s down ahead of today’s big retail sales report
U.S. futures are gaining again this morning, but stocks are likely to finish the week in the red. Read More
Is Bitcoin worth the energy and environmental costs?
After Elon Musk’s surprise announcement that Tesla would suspend Bitcoin transactions, people are heatedly arguing over whether the cryptocurrency is wrecking the planet. Read More
Musk: Bitcoin is bad for climate (and you can’t buy Teslas with it anymore)
Enlarge / Elon Musk in 2020. (credit: BRENDAN SMIALOWSKI / Getty) Tesla CEO Elon Musk announced on Wednesday that Tesla would stop taking bitcoin as payment for the company’s electric vehicles. The change comes less than two months after the automaker began accepting the cryptocurrency. Why the about-face? Musk now says he has concerns over bitcoin’s […]