Tag: finance

Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. ( read original story ...)

A massive sell-off of cryptocurrency erased more than $200 billion from the crypto market in a single day with the price of Bitcoin plunging to its lowest level in 16 months. NBC News’ Priscilla ... ( read original story ...)

Bitcoin, the bellwether for the crypto market, took a beating this week. Blame the stablecoins. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December 2020. The ... ( read original story ...)

Nomura has begun offering bitcoin over-the-counter derivatives to clients, it said Friday, the latest move by a traditional financial institution into the cryptocurrency industry, even as markets are ... ( read original story ...)

Sam Bankman-Fried acquired about 56.3 million shares in Robinhood Markets through his firm, Emergent Fidelity Technologies, according to an SEC filing. ( read original story ...)

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 ... ( read original story ...)

The Nikkei index surged Friday morning, briefly gaining over 2 percent, as the market was supported by some upbeat earnings from Japanese companies as well as bargain-hunting after the benchmark fell ... ( read original story ...)

TOKYO (Reuters) - Japan's core consumer inflation in April is expected be slightly higher than the central bank's 2% target, hitting a seven-year peak as sharp climbs in fuel and global commodity ... ( read original story ...)

The focus on cryptocurrency is intensifying after a week of volatility. Crypto, unlike government-issued dollars, is a decentralized digital currency, so the value can go up or down quickly. ( read original story ...)

One reason stocks have been sinking and unable to sustain any type of bounce has to do with the recent carnage in bitcoin and other crypto markets. ( read original story ...)

Tether, a central pillar of the cryptocurrency market, is showing signs of weakness. That could have vast implications. ( read original story ...)

The billionaire founder of cryptocurrency exchange FTX has taken a big stake in a company at the heart of the meme-stock mania in early 2021. Samuel Benjamin Bankman-Fried acquired the shares over a ... ( read original story ...)

As the Federal Reserve withdraws liquidity to fight inflation, stablecoins won’t be the last casualties. ( read original story ...)

Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to the wave of ... ( read original story ...)

Bill Miller revealed Thursday that he sold some of his bitcoin holdings as the recent losses in the cryptocurrency triggered margin calls. ( read original story ...)

Japanese Finance Minister Shunichi Suzuki said on Friday it was inappropriate to guide fiscal policy on the assumption the central bank will keep buying government bonds indefinitely."The Bank of Japa ... ( read original story ...)