Topline Cryptocurrencies took a tumble late Thursday and early Friday after the latest unsettling news involving Silvergate Capital, the bank backing much of crypto’s largest players, losing major clients and teetering on the brink of bankruptcy. It was more pain than gain (or chain) for bitcoin investors Friday. Getty Images Key Facts Bitcoin fell 4%…
Topline During a brutal year for stocks, one has stood out from the rest: Tesla, the electric vehicle giant helmed by America’s wealthiest man Elon Musk, with a precipitous decline that has far outpaced major stock indexes and even other historically high-growth assets. It hasn’t been a very fun rodeo for Tesla’s stock prices in…
Leo Lu, founder and CEO of Bitfufu. Bitfufu Singapore-based Bitfufu, backed by Chinese mining rig giant Bitmain, has filed claims for $11.7 million against crypto exchange FTX, which has revealed it owes more than $3 billion to its largest creditors as its bankruptcy process gets under way. The claims were submitted by Bitfufu’s subsidiary Ethereal…
Founder and CEO of Binance Changpeng Zhao, commonly known as “CZ”, attends the “CZ meets Italy” at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. Binance invested $500 million in Musk’s Twitter deal. Getty Images At a time when many people are vilifying Musk and his takeover of Twitter, crypto’s richest entrepreneurs are publicly…
crypto Getty Images The crypto rebound is alive and kicking. Over the past few week, the price of bitcoin soared 10.2%, currently trading at $23,076, and the ethereum price climbed 23% to just under $1,700. Most altcoins are following the majors’s suit. XRP XRPis up 15.2%, cardano 11.1%, BNB BNB 30.7%, solana 14.2%, Terra’s “luna…
The SEC Chair, Gary Gensler Getty Images The crypto rebound is alive and kicking. Over the past week, the price of bitcoin soared 4.2%, currently trading at $23,800, and the ethereum price jumped 7.9% to just over $1,700. Most altcoins are following the majors’s suit. XRP XRP is up 2.1%, cardano 5.1%, BNB BNB 8.9%,…
Terra Luna collapse, crypto prices dpa/picture alliance via Getty Images The crypto market is wrapping up July on a high note. In the past 24 hours, the bitcoin price jumped 7.8% to $22,900 and ethereum’s price added 11.2%, currently trading just over $1,600. Altcoins were a little more reserved. XRP XRP is up 5.8%, solana…
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile, XRP XRP XRP is up 15.6%, cardano 12.9%, dogecoin 9.1%, BNB BNB BNB 17.1%, solana 34.5%, and luna 6.5%. Is this rebound a prelude…
Yat Siu, cofounder and chairman of Animoca Brands. Bing Guan/Bloomberg Blockchain game maker and crypto investor Animoca Brands has secured $75 million in a funding round that values the Hong Kong-based company at $5.9 billion. Investors of the round include existing backers Liberty City Ventures, Kingsway Capital and 10T Holdings, among others, Animoca said on…
The crypto market turned green in the first week of July. The price of bitcoin gained 7.4% and ethereum’s price rebounded a whopping 15.2% this month. Cardano ADA is up 5.2%, XRP XRP 6.9%, solana 17.2%, dogecoin 8.9%, BNB BNB 14.2%. On the flip side, Terra’s “luna 2.0” fell another 4%. Meanwhile, last week, the…