Coinbase Stock Soars as Crypto Exchange Forms Partnership With BlackRock

Text size BlackRock is partnering with Coinbase to offer Bitcoin trading services. Michael Nagle/Bloomberg BlackRock is partnering with Coinbase Global to offer Bitcoin trading services to institutional clients, representing a push into cryptocurrencies for the world’s largest asset manager and a ringing endorsement for the embattled crypto exchange. Institutional investors who use BlackRock ’s Aladdin … Read more

Gold scores biggest one day rally since March, silver jumps nearly 7% due to Fed-inspired ‘short squeeze’

Gold and silver rose sharply on Thursday, with gold logging its biggest one-day percentage gain since March and silver rallying by nearly 7% to finish at its highest price in a month. Price action Gold GC00, +1.76% GCQ22, +1.76% for October delivery gained $31.20, or 1.8%, to settle at $1,750.30 per ounce. That was the … Read more

Bitcoin’s nosedive through the $20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’

Is bitcoin BTCUSD, +4.88% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s No. 1 digital asset was last trading at $18,654, down more than 70% from its peak of around $65,000, with the broader crypto market feeling to some … Read more

Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.

Text size Bitcoin prices have been crashing and could fall even further. Courtesy Ethan Lou The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020. Don’t be surprised if $10,000 is the next stop. Bitcoin has dropped 7.2% to $19,027.52 during the past 24 hours, bringing it to … Read more

Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’

“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.62% co-founder Bill Gates delivering his latest thoughts on cryptocurrencies and nonfungible tokens (NFT) at a TechCrunch conference on climate change Tuesday. He added that … Read more

Crypto crash gathers steam as inflation marks fastest pace of rise since 1981

Bitcoin and other cryptocurrencies tumbled on Sunday, with losses for the asset class building over the weekend following U.S. data that showed persistent inflation pressures in May, marking the fastest pace of increase since December 1981. Bitcoin BTCUSD, -0.89% has dropped around 3% to $27,743, with Ethereum falling more than 3.8% to around $1,494, while … Read more

RadioShack is back as a cryptocurrency swap platform—and it has hit a big milestone

RadioShack is back as a cryptocurrency swap platform—and it has hit a big milestone | Fortune You need to enable JavaScript to view this site.

Coinbase Earnings Reveal Large Loss, Sink Stock

Text size Coinbase reported a loss of $1.98 a share on sales of $1.165 billion. Michael Nagle/Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss. Coinbase shares fell 14% in after-hours trading on Tuesday, after dropping 12.6% ahead of the earnings report. Coinbase stock is down 83% from an all-time … Read more

Nvidia Stock Gains on Upgrade. Ethereum Won’t Crash It the Way Bitcoin Did.

Text size Gamers compete at the ‘Nvidia’ booth during the Electronic Entertainment Expo E3 in Los Angeles. Christian Petersen/Getty Images Nvidia stock was rising Wednesday after it received an upgrade from analysts at New Street, who said their fears about crypto-related weakness had mostly played out and that the outlook for gaming and datacenters was … Read more

What to expect from markets in the next six weeks, before the Federal Reserve revamps its easy-money stance

Federal Reserve Chairman Jerome Powell fired a warning shot across Wall Street last week, telling investors the time has come for financial markets to stand on their own feet, while he works to tame inflation. The policy update last Wednesday laid the ground work for the first benchmark interest rate hike since 2018, probably in … Read more