business news
More stories
-
in trandingWorld Cup visitors fall short of Qatar’s expectations
People walk along the Souk Waqif in Doha, Qatar during the 2022 FIFA World Cup. Peter Byrne | PA images | Getty Images Qatar received just over 765,000 visitors during the first two weeks of the World Cup, according to a report from organizers obtained by Reuters, falling short of the country’s expectations of an […] More
-
Bitcoin is up over 10% this week, outperforming stocks
Visual representation of bitcoin. Edward Smith | Getty Images Cryptocurrencies have surged this week even as U.S. stocks briefly retreated from their New Year’s rally and a major crypto lender filed for long-awaited bankruptcy. bitcoin was last up about 12% in a week, according to Coin Metrics, while ether grew by 14%. By comparison, two […] More
-
Cryptocurrency lender Genesis Trading files for bankruptcy protection
Barry Silbert, founder and CEO of Digital Currency Group David A. Grogan | CNBC Cryptocurrency lender Genesis filed for Chapter 11 bankruptcy protection late Thursday in Manhattan federal court in the latest casualty of an industry contagion caused by the FTX crash and a devastating blow to the business once at the heart of Barry […] More
-
in BlockchainBinance was the final destination for millions of funds from Bitzlato
Binance is the world’s largest cryptocurrency exchange, handling billions in daily trading volumes. PAGE | NurPhoto via Getty Images On Wednesday, federal prosecutors released an indictment against a little-known cryptocurrency exchange called Bitzlato, alleging that it facilitated the laundering of $700 million in tainted crypto linked to the now-shutdown Hydra darknet marketplace and millions more […] More
-
Developers have become disillusioned with bitcoin over the past year. That’s why it matters
Cryptocurrency prices took a big hit in 2022, but developer activity this year paints a more optimistic picture for investors. New data released on Tuesday by Electric Capital shows that Ethereum had the highest number of full-time developers in 2022, with 1,873 as of Dec. 15. fell 67%, according to Coin Metrics. Ethereum competitors such […] More
-
Optimistic crypto firm Ripple will soon receive a decision on the SEC XRP lawsuit
The head of the cryptocurrency and blockchain company Ripple, Brad Garlinghouse, hopes that a resolution to the dispute with the US Securities and Exchange Commission will be reached in the first half of 2023. “Judges need as much time as judges need,” Garlinghouse, who is a defendant in the legal drama, said in an interview […] More
-
At the WEF, the crypto industry collapsed by $ 1.4 trillion
There were fewer cryptocurrency companies along the Davos waterfront in 2023 than in previous years after the market crash. Circle, the company behind the USDC stablecoin, was one of the few in attendance. Arjun Harpal | CNBC DAVOS, Switzerland. Over the past few years at the World Economic Forum in Davos, Switzerland, the number of […] More
-
Three Arrows Capital Founders File Crypto Bankruptcy Files
For illustration, the FTX logo is shown with crypto coins and a $100 bill. FTX has filed for bankruptcy in the US, seeking legal protection as it looks for a way to return money to users. Jonathan Raa | Nurfoto | Getty Images The co-founders of a now-liquidated cryptocurrency hedge fund are raising investors for […] More
-
Why is Bitcoin (BTC) rising in January?
A number of factors are behind bitcoin’s New Year’s run, analysts say, including an increased likelihood of lower interest rates and buying by large buyers known as “whales.” Philip Radwansky | sopa images | Light rocket | Getty Images bitcoin 2023 started off on a positive note, with the price of the world’s largest digital […] More
-
Why is Bitcoin (BTC) rising in January?
A number of factors are behind bitcoin’s New Year’s run, analysts say, including an increased likelihood of lower interest rates and buying by large buyers known as “whales.” Philip Radwansky | sopa images | Light rocket | Getty Images bitcoin 2023 started off on a positive note, with the price of the world’s largest digital […] More
-
Investors see $12,000 to $30,000
After a tumultuous 2022, crypto investors are scrambling to figure out when the next bitcoin bull run could happen. Last week at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as a year of caution. bitcoin it is expected to trade in a range, be […] More
-
in NFTFanatics sells 60% stake in NFT Candy Digital.
Michael Rubin’s sports platform company Fanatics is selling its 60 percent stake in NFT company Candy Digital, according to an internal email obtained by CNBC. The fanatics, who previously held a majority stake in Candy Digital, will be selling their stake to a group of investors led by Galaxy Digital, a cryptocurrency trading bank led […] More
Load More
Congratulations. You've reached the end of the internet.