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Tag: Virtual currencies/Cryptocurrencies

  • Crypto investor Barry Silbert offers sympathy and advice to those who lost fortunes this week

    Billionaire crypto investor Barry Silbert, founder and CEO of Digital Currency Group, offered his sympathy and advice on Saturday to those who have lost fortunes recently. It’s been a tough six months to be a crypto investor. Seesaw markets, shaky asset prices, rising interest rates and high inflation have all combined to shock the stock, […]

  • Bitcoin Price Rebounds After Falling Below $26,000

    Bitcoin plunged, then rebounded, and the world’s largest stablecoin, tether, briefly fell from its $1 peg, adding to fears of further turmoil in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On the one hand, fears that inflation will require aggressive central bank tightening have undermined the desire to hold perceived […]

  • TerraUSD Cryptocurrency Plunges as Investors Bail Out

    A sell-off in a cryptocurrency believed to be pegged to $1 accelerated on Wednesday, briefly sending its price below a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 2:43 p.m. ET, it had partially rebounded to around 68 cents in volatile trading.

  • Coinbase stock continues to slide after earnings report

    The largest cryptocurrency exchange in the United States said it was bleeding users, reflecting the continued destruction of the crypto market and investor unease with risky assets. Coinbase global Inc. PIECE OF MONEY -12.60% said on Tuesday it lost hundreds of millions of dollars in the first quarter, sending the stock plummeting in after-hours trading. […]