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

Bitcoin Steadies After Flash Crash

Bitcoin Steadies After Flash Crash

Bitcoin sell-offs plummeted on Wednesday, providing some relief to holders of the volatile cryptocurrency after a sudden crash the previous day wiping out billions of dollars of its value. The largest cryptocurrency by market capitalization is down 1.3% to settle at $4,6154.44 a piece, according to 5pm ET data from CoinDesk. It briefly fell 17% … Read more

How China’s Property Market Could Trigger a Crypto Crash

How China's Property Market Could Trigger a Crypto Crash

Bitcoin and other cryptocurrencies were crashing on Monday amid a global sell-off in risky assets. The reason for the collapse appears to be the growing problems of the embattled real estate group China Evergrande Group. Bitcoin, the world’s largest cryptocurrency, fell 7% on Monday to around $44,000. Ethereum, the second largest cryptocurrency, is down 8% … 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

Stock Market Today: Tech Stocks Slipped as Bond Yields Spiked, Bitcoin Dipped

Stock Market Today: Tech Stocks Slipped as Bond Yields Spiked, Bitcoin Dipped

Technology shares were sold off again as bond yields rose on Friday, following the release of the December jobs report. Markets remain confident that the Fed will act quickly to raise interest rates. the Dow Jones Industrial Average It was basically flat and closed only 5 points lower, after the index fell 170 points on … Read more

Stocks End Lower After Choppy Session

Stocks End Lower After Choppy Session

US stocks fell on Thursday in a choppy trading session, weighed by investor concerns about the impact of the Federal Reserve on the markets if it raises interest rates faster than previously expected. The three major US indexes ended the session lower, erasing intraday gains. The S&P 500 fell 4.53 points, or 0.1%, to 4,696.05. … 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

Stock Market Today: Tech Stocks Recover, Bond Yields Rise, Bitcoin Slides

Stock Market Today: Tech Stocks Recover, Bond Yields Rise, Bitcoin Slides

Technology shares were recovering Thursday after selling off as bond yields soared to epidemic-era highs. In midday trading, the Dow Jones Industrial Average The index fell 102 points, or 0.3%, after the index fell 392 points, or more than 1%, on Wednesday. the Standard & Poor’s 500 It rose 0.1%, while heavy technology Nasdaq Composite … Read more