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23 May 2022, 23:20

Nearly half of US cryptocurrency investors last year had six-figure incomes, the Federal Reserve says in a new report

The Fed's Economic Well-Being of US Households report also found that 29% of crypto investors had an annual income of $50,000 or less.

23 May 2022, 21:29

Binance touted Terra lending as 'safe and happy' just weeks before the stablecoin collapse

Binance told investors on April 6 lending their Terra tokens was a "safe and happy investment." The crypto exchange's scheme was only weeks prior to the stablecoin collapse.

23 May 2022, 14:45

Bitcoin mining: Despite the crackdown, China is back as the second-largest miner

China’s commitment to preventing Bitcoin miners from running operations in the country seems to be wavering. In an update to the Cambridge Bitcoin Electricity Consumption Index (CBECI), the institution shows that the country’s contribution to global Bitcoin mining computing power crossed 20% in January this year.

24 May 2022, 22:27

16 watchdog groups demand Joe Biden 'publicly and actively' push Congress to ban lawmaker stock trades

Insider found dozens of members of Congress and nearly 200 top-level Capitol Hill staffers violating the Stop Trading on Congressional Knowledge Act of 2012.

24 May 2022, 22:26

Wall Street lobbies are bashing the idea of a digital dollar from the Fed and say the move would drain money from the US banking system

Even if CBDC accounts were capped at $5,000 per user, they would drain in $720 billion in deposits, or 71% of bank funding, the ABA estimated.

24 May 2022, 21:26

The US is on the cusp of stagflation and markets are yet to fully realize, hedge fund giant Bridgewater says

Investors do not fully appreciate the extent to which inflation will stay high, or to which growth is likely to slow, Bridgewater's Bob Prince said.

24 May 2022, 20:41

Crypto's growth within traditional institutions will create contagion risk that threatens financial stability, ECB warns

"Based on the developments observed to date, crypto-asset markets currently show all the signs of an emerging financial stability risk," the ECB said.

24 May 2022, 18:25

Russia was invading, so a Ukrainian converted his life savings of $10,500 into the crypto token terra. Then the token crashed.

The Kyiv, Ukraine, resident said he wanted to avoid the risks from Russia's war or a currency collapse.

24 May 2022, 15:08

Tesla has been kicked out of the S&P 500's ESG index even though it makes zero-emission products. Here's why.

"ESG is an outrageous scam! Shame on S&P Global," Tesla CEO Elon Musk tweeted in response to his company getting kicked out of the index.

24 May 2022, 05:24

Coinbase is reportedly testing out having employees rate each other in an app with a thumbs up or thumbs down after meetings and other interactions

Employees rate coworkers in real-time on adherence to 10 company values, giving a thumbs up, thumbs down, or neutral review, The Information reports.

23 May 2022, 23:21

A Republican congressman who says Disney is sexualizing children and 'kowtowing' to Chinese Communists is also a Disney stockholder

Disney is "allied with a hostile foreign regime and domestic ideologues who seek to tear our country apart," Rep. Chris Jacobs recently wrote.

23 May 2022, 22:41

Bitcoin will survive but could crater to $8,000 and won't end up as the dominant crypto, says Guggenheim's Minerd

"When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom," Minerd told CNBC on Monday.

23 May 2022, 22:24

'Big Short' investor Michael Burry says Warren Buffett is unique — and being different is key to investing success

Burry, who studied Buffett closely as a young man, realized that the Berkshire Hathaway CEO's idiosyncrasies were key to his outsized success.

21 May 2022, 17:39

Ethereum cofounder Vitalik Buterin says he's no longer a billionaire

Crypto has crashed in recent weeks, wiping billions from the fortunes of the market's most prominent entrepreneurs and evangelists.

21 May 2022, 17:14

Is the housing market in a bubble? Here's what 32 real-estate experts say.

It might seem at first glance like the US housing market is in a bubble ready to burst. Most experts say that's not the case.

20 May 2022, 14:23

How to successfully launch an NFT

Non-fungible tokens (NFTs) are not fungible like Ethereum, Bitcoin or other crypto assets.
NFTs can be anything from music to artwork to in-game access

...

19 May 2022, 20:40

Crypto exchange FTX launches free stock trading without payment for order flow with eye toward becoming an 'everything app'

"What we eventually want to offer is an everything app for financial services," Brett Harrison, FTX.US's president, told the WSJ.

19 May 2022, 02:28

One-time Luna bull Mike Novogratz offers 4 investing tenets as crypto heads for more post-crash volatility; 'There is no cavalry coming'

"It was a big idea that failed," the Galaxy Digital founder and CEO said in a letter to investors about Terra, which crashed last week.

19 May 2022, 00:10

Goldman Sachs' CEO says there's a 'reasonable' chance the US is heading into recession - and urges caution for big businesses

"If you're running a significant enterprise, you have to be looking through a lens with a little bit more caution right now," David Solomon told CNBC.

18 May 2022, 23:21

China is now the world's 2nd-biggest bitcoin miner after activity bounced back from the government's crackdown

A surge in covert mining operations post-ban means China is now the world's second-largest location for bitcoin mining behind the US, new research shows.

18 May 2022, 22:39

Billionaire investor Bill Ackman says Terra's algorithm sounds like the 'crypto version of a pyramid scheme'

Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate" projects with "no underlying business models."

18 May 2022, 22:26

My parents' retired friends live luxuriously thanks to a smart investment move, and I'm planning to follow their lead

Dividend-paying stocks are one way to finance your retirement, especially if you keep reinvesting your dividends while you're still working.

18 May 2022, 22:25

Weekly NFT sales plunge 50% to $255 million amid crypto bear market. These were the 5 best-selling digital collections.

Total NFT sales volume hit $29 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space.

18 May 2022, 17:56

Crypto 101 – Understanding the different types of NFTs

Crypto 101 – Understanding the different types of NFTs...

18 May 2022, 01:22

Coinbase surges 14% after outlining plan to slow down hiring during crypto market downturn

"We know this is a confusing time and that market downturns can feel scary," the crypto exchange wrote in a blog post.

17 May 2022, 21:45

Coinbase slows hiring companywide as crypto market faces downturn

With bitcoin value crashing in recent weeks, the world's largest cryptocurrency exchange is cancelling plans to scale up.

17 May 2022, 16:49

Morgan Stanley says there is a 27% chance of a recession in the US in the next 12 months, up from 5% just two months ago

CIO Lisa Shalett said high inflation means the Fed has to move quicker to tame it. But there is concern the Fed could tip the economy into recession.

17 May 2022, 13:57

Luna founder proposes hard fork to correct design flaws in ecosystem

Luna’s founder wants to make changes to the blockchain platform in hopes of correcting possible flaws. The Luna token fell to nearly zero in a matter of a week recently, leading to huge losses for investors. Not everyone is convinced with Do Kwon’s proposal.

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