Cryptocurrency

Coinbase Global (COIN) posted its second consecutive quarterly profit as crypto trading surged during the first three months of 2024.Yet the stock of the largest US cryptocurrency exchange fell by as much as 4% in after-hours trading Thursday.The stock is up more than 31% since the beginning of the year but 38% below its peak in November…

3:22 p.m. ET, May 1, 2024 Americans were paid an additional $235 billion in interest in 2023, thanks to the Fed…

Changpeng Zhao, the billionaire founder of the giant cryptocurrency exchange Binance, was sentenced on Tuesday to four months in prison, a much lighter penalty than other crypto executives have faced since the industry imploded in 2022.After Mr. Zhao pleaded guilty to money-laundering violations last year, prosecutors requested a three-year…

MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release.While some had expected the company might adopt the new fair value accounting standard, and thus report a sizable profit…

The Depository Trust and Clearing Corporation (DTCC) has declared that exchange-traded funds (ETFs) linked to Bitcoin (BTC) or cryptocurrencies have no collateral value as investments. In an announcement, the DTCC, which provides clearing and settlement services to the financial markets in the US, says digital…

The weakening yen is unpopular in Japan and pressure is mounting on politicians for action but there are no easy answers. I spoke with BNNBloomberg about the issues:1) Rate differentials are the driver. You can buy a 10-year Japanese government bond and get 0.9% per year or buy a US 10 and get 4.7%. Add in the weakening currency and there…

FILE - An FBI seal is seen on a wall on Aug. 10, 2022, in Omaha, Neb. The House is set to consider a ... bill Tuesday, April 9, 2024, that would reauthorize a surveillance program that U.S. officials consider vital to national security but that critics have raised privacy concerns about. (AP Photo/Charlie Neibergall, File)Copyright 2022 The…

In the early days of crypto there were just a handful of companies, including some venerable names like Coinbase, Kraken, and Grayscale, which are still around. Today, there are hundreds of firms that offer crypto, including those like BlackRock and PayPal that operate primarily in the world of conventional finance. For me, the most intriguing…

Options traders are pouring millions into bets that the cryptocurrency will hit $100,000.Crypto market maker Wintermute analysed options data and outlines what’s driving optimism.Runes is among drivers of the expected rally.Traders are loading up on bullish options that pay off if Bitcoin reaches $100,000 in September, according to crypto market…

Cryptocurrency giant Binance could soon find it harder to do business in the Philippines. The country’s Securities and Exchange Commission (SEC) on Tuesday (April 23) called on Apple and Google to remove Binance’s app from their app stores, a move that followed months of the regulator warning residents not to do…