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The week has been dominated by crypto exchange FTX's rapid decline , and the week is ending with the biggest news of all. FTX Group has filed for Chapter 11 bankruptcy in the U.S., and that puts "approximately 130 additional affiliated companies" into the proceedings. This includes FTX....
The cryptocurrency market is in turmoil right now. For a number of reasons, crypto prices are surging one day and crashing the next. This rocky road may shake out some weak names and bad actors, leaving the truly valuable cryptocurrencies to make the most of the market opportunities that re...
It's hard to imagine that just a year ago, many notable cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) hit new all-time highs. In November 2021 the most valuable cryptocurrency, Bitcoin, peaked at around $67,000. Meanwhile, the second-most valuable cr...
Most cryptocurrencies and crypto stocks continued to plunge today as the industry deals with the fallout from the events in recent days that ultimately led the large crypto exchange FTX to agree to sell its non-U.S. operations to Binance. Over the past 24 hours, shares of the world's se...
The big story around Ethereum (CRYPTO: ETH) this year was The Merge -- the moment when Ethereum transformed into a proof-of-stake blockchain with faster transaction processing speeds, huge new energy efficiencies, and higher throughput capacity. However, big price gains for Ethe...
Cryptocurrencies didn't just wake up on the wrong side of the bed this morning; they had a terrible night . At 9:45 p.m. ET on Monday, the bottom fell out of the FTX Token (CRYPTO: FTT) and the race was on to sell everything in crypto. The worst of the decline was reserved f...
Cryptocurrencies have been on a wild ride the last few weeks as everything from interest rates to Elon Musk's takeover of Twitter have caused volatility in the market . On Friday, trading seemed to settle into a more normal place with industry leaders climbing. As of 2:40 p.m. ET, ...
Over the last 24 hours, the price of Litecoin (CRYPTO: LTC) jumped nearly 8% as of 3:40 p.m. ET after the payments company MoneyGram (NASDAQ: MGI) announced that it would enable users to trade and store several cryptocurrencies, including Litecoin, on its app. In additio...
Staking is an increasingly popular way to earn passive income on your crypto holdings. If you're planning to buy and hold cryptos for the medium to long term, it could be an easy way to boost your overall portfolio returns. Just keep in mind that staking crypto is not an entirely risk-f...
As crypto investors become more aware of the environmental impact of different blockchains, it could lead to a backlash against energy-intensive cryptocurrencies such as Bitcoin (CRYPTO: BTC) , which now consumes as much energy as a mid-size European nation each year. Already, some ...
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2024-07-29 12:31:00 ET More commonly known as Ripple, the XRP (CRYPTO: XRP) cryptocurrency seems to be in dire straits nowadays. Though it once soared to a short-lived peak of $3.09 per coin, Ripple hasn't touched the $1 benchmark since the spring of 2022. And the coin doesn't alway...
2024-07-27 04:03:00 ET Ethereum (CRYPTO: ETH) joined an elite club recently. It is now just one of two cryptocurrencies to have a spot exchange-traded fund (ETF) approved alongside the world's most valuable cryptocurrency, Bitcoin (CRYPTO: BTC) . On July 23, the Securi...
2024-07-26 13:24:24 ET The crypto market fell across the board this week as the momentum of recent weeks faded. A major reason for the disappointment was a relatively weak launch of Ethereum (CRYPTO: ETH) ETFs in the U.S. According to Cointelegraph, Ethereum ETFs had $113 millio...