These crypto-related stocks rallied up to 200% this year. Here’s why
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto miners have had a remarkable start ...
Tag: Financial Technology
Former FTX CEO Sam Bankman-Fried is restricted from using encrypted messaging apps
A New York judge has imposed communication limits on former FTX chief executive Sam Bankman-Fried, according to a court filing ...
Bitcoin jumps 3% after Powell says ‘disinflation’ underway
Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage ...
Credit-card balances surge — as inflation and interest rates create ‘hardships’ for cash-strapped Americans, TransUnion says
Higher prices are driving more Americans to credit-card debt. That’s according to a new TransUnion report on credit activity in the fourth ...
Fed rejects crypto bank’s application to join U.S. payment system
The Federal Reserve Board on Friday rejected a Wyoming-based crypto-centric bank’s application to become a member of the central bank’s ...
American Express, Visa share gains lead Dow’s nearly 50-point jump
Shares of American Express and Visa are seeing strong returns Friday afternoon, lifting the Dow Jones Industrial Average into positive ...
‘Timing couldn’t be worse’: Inflation might be slowing, but people say it’s getting harder to cover unexpected costs — and the next Fed meeting won’t help
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit ...
Bitcoin soars past $23,000 to highest since last September
Bitcoin BTCUSD, +3.58% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ...
Investor Peter Thiel made $1.8 billion cashing out on crypto early
Founders Fund, a venture capital firm co-founded by billionaire investor Peter Thiel, generated around $1.8 billion by cashing out in ...
‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon
““Bitcoin itself is a hyped-up fraud, it’s a pet rock.””— Jamie Dimon, JP Morgan Chase CEOIn an interview on Thursday ...
Sam Bankman-Fried’s two anonymous sponsors put up $700,000 to get him out of jail
Sam Bankman-Fried was released on bond after two anonymous individuals put up a total of $700,000, according to court filings.Bankman-Fried, ...
Crypto lender Genesis latest to file for bankruptcy as crypto contagion continues to spread
Embattled crypto lender Genesis announced that it had filed for bankruptcy late Thursday, the latest firm to be taken amid ...
Dow falls 275 points on losses for Home Depot, American Express stocks
Behind declines for shares of Home Depot and American Express, the Dow Jones Industrial Average is down Thursday morning. Shares ...
FTX’s token jumps over 35% after report says the bankrupt crypto exchange may restart
Bankrupt crypto exchange FTX’s FTT token jumped over 35% after the Wall Street Journal reported that the company’s new chief ...
Shiba Inu price surges 26% over the past 7 days as traders continue investing in meme coins
Shiba Inu, a meme coin, has seen big gains in the past week, with its price surging 26.4% over the ...
PayPal CEO says two billion people live outside the financial system
New products and innovation are needed to broaden access to the global financial system, participants on a Davos panel said ...
Former FTX US head had months of disputes with Bankman-Fried: ‘I realized he wasn’t who I remembered.’
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, ...
Bitcoin spikes above $21,000: is the crypto bear market over ?
Bitcoin, the largest cryptocurrency by market capitalization, has spiked above the the $21,000 mark on Saturday. The move has encouraged ...
‘It’s incredibly foolish’: former federal prosecutor comments on Sam Bankman-Fried’s Substack
Sam Bankman-Fried has the right to remain silent. But he refuses to do so. On Thursday, the former CEO of ...
Cooling U.S. inflation may not stop bitcoin from sliding to $10,000. Here’s why
Welcome back! This is Frances Yue, crypto reporter at MarketWatch. I am back from a vacation to the crypto madness, ...
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U.S. egg shortage breeds chicken-feed conspiracies
Social media users claim to have found a new culprit for sky-high egg prices: chicken feed. The theory gained steam...
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