LONDON—Stock markets dipped on Friday in thin trading but were set to see in the New Year with double-digit gains for 2021 while oil prices hovered near $80 a barrel following their biggest annual rise since 2009. The U.S. dollar, which has had its best year since 2015 with a 6.7 percent rise, was steady…
The Year of the Doge? 2021, Crypto’s Wildest Year Yet
LONDON—Bitcoin close to $70,000, “memecoins” worth billions of dollars, a blockbuster Wall Street listing and a sweeping Chinese crackdown: 2021 was the wildest yet for cryptocurrencies, even by the sector’s volatile standards. Digital assets started the year with a stampede of cash from investors large and small. And bitcoin and its kin were rarely out…
Dollar Ticks Up Against Rivals in Thin Holiday Trading
LONDON—The dollar rose against major rival currencies in holiday-thinned trading on Thursday, as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant. Reuters data shows global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn…
2021 Was The Year Of Dogecoin: A Month By Month Retrospective With Top Stories
One of the biggest storylines for cryptocurrency in 2021 was the rise of Dogecoin. Benzinga took a look back at the popular meme coin to see what the top storylines were for Dogecoin in each month in 2021. January Start Price: $0.0047 End Price: $0.0349 High Price: $0.0779 Dogecoin started 2021 trading under $0.01 per coin. The…
Risk Appetite Sends Yen to One-Month Low, Euro Dips
LONDON—The euro fell in thin holiday trading on Wednesday and the dollar sent the yen to a one-month low, as investors looked past surging cases of Omicron in another bout of risk appetite. Risk-sensitive currencies such as the Australian dollar were higher as stocks motored upwards but the euro bucked the trend and weakened 0.2…
Missed out on AMC, GameStop, and Dogecoin in 2021? Here’s Why That’s OK
Meme stocks were one of the biggest trends on Wall Street in 2021. Plenty of traders made a killing trading stocks like AMC Entertainment Holdings Inc. and GameStop Corp. and meme cryptocurrencies like Dogecoin. AMC shares are on track to finish 2021 up more than 1,250 percent, GameStop shares are up 707 percent year-to-date, and…
Dollar Rises on Fed Expectations, Omicron Worries Ease
NEW YORK—The dollar rose on Tuesday on expectations the Federal Reserve could raise interest rates as early as March to counter rising inflation, while a global rally in stock markets knocked the safe-haven Japanese yen to a one-month low. The dollar index, which measures the currency against six major rivals, was 0.217 percent higher at…
Shiba Inu Becomes the Most Popular Crypto in 2021, Surpassing Dogecoin and Bitcoin on CoinMarketCap
In a recent tweet, the world’s most-referenced cryptocurrency price-tracking website CoinMarketCap announced that Shiba Inu was the most viewed crypto in 2021. It is currently the 13th largest cryptocurrency in the world, with a market cap of over $20 billion. According to CoinMarketCap, Shiba Inu recorded more than 188 million views during the last 12 months, while…
Australia’s Future Crypto Landscape Hangs in Limbo
The outcome of Australia’s upcoming federal election could be a determining factor in how quickly more Australians adopt and use Bitcoin, Ethereum, and other cryptocurrencies. Fred Pucci at digital asset management firm Trovio Capital Management (TCM) said that some Australians had gone all-in on the crypto market for investments despite a lack of safeguards from…
Turkish Unit of Crypto Exchange Binance Fined, News Agency Says
ISTANBUL—Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday. The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto…
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