The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

WASHINGTON — With the proliferation of cryptocurrencies, prices of bitcoin and other digital tokens are often displayed on cable news tickers and financial apps as if they were common stocks, bonds or oil futures. They are not. This makes them a challenge to US financial lawmakers. Cryptocurrency censorship, which appeared in 2009, is sporadic. Regulators … Read more

Different crypto will be less correlated, as healthcare stocks ‘won’t move in the same way’ gold ETF moves, a crypto asset manager says

Different crypto will be less correlated, as healthcare stocks 'won't move in the same way' gold ETF moves, a crypto asset manager says

Hello! Welcome back to Distributed Ledger, the weekly crypto newsletter that hits your inbox every Thursday. I’m Francis Yu, a crypto reporter at MarketWatch, and I’ll share with you the latest and best digital assets this week so far. Find me on Twitter at MustafaHosny Oh God, Amen To send feedback or tell us what … Read more

TransUnion Brings Credit Data Checks to Crypto Lending

TransUnion Brings Credit Data Checks to Crypto Lending

Cryptocurrency lenders will be able to start checking credit reports. TransUnionAnd TRUE 0.72% One of the three largest US consumer credit reporting companies will allow consumers to give blockchain companies access to their personal credit data through security company Spring Labs’ ky0x Digital Passport. By providing this information, the companies said consumers will be able … Read more

Citadel Securities to Receive First Outside Investment

Citadel Securities to Receive First Outside Investment

Citadel Securities is set to receive its first outside investment in a deal that values ​​the e-commerce company owned by billionaire hedge fund Ken Griffin at nearly $22 billion. Venture capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion in a Chicago-based company, the company told the Wall Street Journal. … Read more

Tech Stocks Open Lower, Extending Last Week’s Losses

Tech Stocks Open Lower, Extending Last Week’s Losses

Technology stocks opened lower in US trading on Monday, while government bonds extended their declines, as investors awaited inflation data and the start of earnings season. The Nasdaq Composite Index is down 1.1%, indicating renewed pressure on the technology sector. Last week, the benchmark index posted its biggest one-week percentage drop since February, as rising … Read more

GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan

GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan

Jim Stop corp. GME 1.28% It is launching a division to develop a marketplace for non-fungible tokens and forge crypto partnerships, according to people familiar with its plans, propelling the company into very encouraging areas as it tries to transform its core video game business. The retailer has hired more than 20 people to run … Read more

NASCAR rejects driver’s sponsorship deal with ‘Let’s Go Brandon’ cryptocurrency

NASCAR rejects driver's sponsorship deal with 'Let's Go Brandon' cryptocurrency

“Let’s Go Brandon” is a NASCAR no-go. NASCAR has rejected a sponsorship deal between driver Brandon Brown and crypto LGBCoin, according to several newsletter Reports. Brown’s racing team, Brandonbilt Motorsports, prematurely announced last week that LGBCoin — a nod to the anti-Biden chant — will be the sponsor for the 2022 NASCAR Xfinity Series II. … Read more

Goldman Sachs thinks bitcoin can get to $100,000. Here’s how.

Goldman Sachs thinks bitcoin can get to $100,000. Here's how.

Bitcoin is likely to take a larger market share than gold as a “store of value” thanks to broader adoption of digital assets and Bitcoin scaling solutions, according to a Tuesday report from Goldman Sachs. Cryptocurrency price could exceed $100,000 in a hypothetical scenario when Bitcoin is BTCUSD, + 1.05% Capture 50% of the “store … Read more