Category: cryptocurrency

You Ask, We Analyze: Why Voyager Digital’s Stock May Be Set to Reverse Course Despite Bitcoin, Ethereum Slump

On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. From the replies Benzinga selected one ticker for technical analysis. @Ehrls15, @VillagePirate, @taidarsonics, @FuturePurfect and @ekfpromo are buying Voyager Digital Ltd. @Rghj21 commented, “you can buy now while it’s undervalued or wait and pay a lot more.” The…


Elon Musk Says Tesla Accepting Dogecoin Payments for Some Merchandise, Cryptocurrency Surges

Elon Musk has announced that Tesla is accepting payment for some merchandise with Dogecoin, sending the meme-based cryptocurrency surging and marking a return for the electric-vehicle maker to accept digital currencies for some purchases. The Tesla chief executive wrote on Twitter on Jan. 14, “Tesla merch buyable with Dogecoin” but did not provide further details as to…


Hackers Linked to North Korea Stole $400 Million in Crypto: Report

Cybercriminals linked to North Korea carried out at least seven attacks on cryptocurrency platforms last year, netting some $400 million in digital assets, according to blockchain analysis firm Chainalysis. Calling 2021 a “banner year” for North Korean hackers, the Jan. 13 Chainalysis report said that many of the cyberattacks were likely carried by a group known…


Dollar Weakens for a 4th Day on US Rate View

LONDON—The U.S. dollar fell for a fourth consecutive day on Friday to its lowest in more than two months as investors took the view that most of the recent hawkishness from the U.S. central bank has already been priced in. On Friday, the greenback slipped 0.2 percent to 94.62 against a basket of currencies, its…


Coinbase Buys Crypto Futures Exchanges, Plans to Sell Derivatives in US

LONDON—Major cryptocurrency exchange Coinbase said it is buying a crypto futures exchange, FairX, as part of a move to offer crypto derivatives to traders in the United States. FairX, which was launched last year, is the operating name of LMX Labs. It sells futures products and is regulated by the U.S. Commodity Futures Trading Commission…


Digital Pound Could Hit Financial Stability and Erode Privacy, UK Lawmakers Warn

LONDON—A digital pound used by consumers could harm financial stability, raise the cost of credit and erode privacy, though a version for wholesale use in the financial sector demands greater appraisal, British lawmakers said on Thursday. Britain’s central bank and finance ministry said in November they would hold a consultation this year on whether to…


Privately Issued Stablecoins Could Exist Alongside Fed Digital Dollar: Powell

Federal Reserve Chair Jerome Powell told Senate lawmakers on Jan. 11 that there’s nothing standing in the way for privately issued stablecoins to co-exist alongside a potential Fed central bank digital currency (CBDC). During a hearing on Powell’s confirmation for a second term at the helm of the Fed, he was asked by Sen. Pat…


Crypto Outflows Over $200 Million, Bitcoin Over $100 Million For January First Week: CoinShares

Cryptocurrencies suffered a total outflow of value equivalent to $207 million during the first week of the year, according to a report by digital assets hedge fund CoinShares, indicating a persistent bearish outlook that may lead to an ever-heavier loss over the year. This is the fourth straight week of outflows, now totaling $465 million…


Stocks Rebound as Traders Buy Back in Before Fed Testimony

LONDON—Global stocks recovered some of their recent losses on Tuesday and government bond yields retreated as investors bought back into riskier assets ahead of the appearance of U.S. Federal Reserve Chair Jerome Powell before the Senate Banking Committee. Investors hope Powell will provide more clues to the timing of expected policy tightening when he appears…


Wealth Generated by Cryptocurrency and Hybrid Work Fuel Demand for Luxury Housing: Report

The growing demand for luxury homes is being fueled by hybrid work and increasing wealth generated by cryptocurrency, according to Sotheby’s International Realty Luxury Outlook 2022 report published on Monday. The report, which looks at trends that are likely to shape the global high-end real estate market in the year ahead, was compiled by surveying Sotheby’s International Realty agents around the…