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The Latest Breaking News from Crypto

The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess.

Businessweek

No slump for pump and dump cryptocurrency gangs

Paris (AFP) - In a sleepy corner of the crypto-economy, the value of an obscure coin called Enzyme was tumbling downwards along with its peers earlier this month -- but then something unusual happened on May 15.

AFP

Bitcoin Edges Up, Ethereum, Dogecoin Down: Fed Meet Cheers Stocks But Crypto Stuck In Rut

Bitcoin and Ethereum were mixed at press time on Wednesday evening, breaking away from other risk assets after the U.S. Federal Reserve’s policy meeting minutes came in line with expectations. The global cryptocurrency market cap fell 0.7% to $1.3 trillion.

Benzinga

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Why Investors Shouldn't Worry About NVIDIA's Underwhelming Quarter

Shares of NVIDIA Corporation (NASDAQ: NVDA) are sliding after hours after the company’s EPS came in lower than Street estimates and underwhelming guidance. The company also cited weakness in demand for chips for cryptocurrency mining.

Benzinga

Is Bitcoin Heading To $20,000? Here's Why The Bulls Must Step In

Bitcoin (CRYPTO: BTC) was trading flat on Wednesday in a continued a sideways trading pattern between about $25,550 and $31,400, which has been holding the crypto in a triangle pattern since May 13.

Benzinga

10 Largest Cryptocurrencies By Market Cap: Terra Dives, Dogecoin Remains

As we near the close of the first half of 2022, cryptocurrencies and traditional equities have two things in common: both markets have fallen from all-time highs and remain volatile.

Benzinga

DraftKings CEO Jason Robins Calls For Crypto Centralization, Compares Sector To Early Internet Struggles

The CEO of a sports betting platform that has entered the non-fungible token market is calling for more centralization in the cryptocurrency space.

Benzinga

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How to buy Solana

Like Ripple and the XRP cryptocurrency, Solana is a blockchain platform with a native currency called SOL. The project was launched in March 2020 in Geneva, Switzerland by the Solana Foundation.

Evening Standard

Someone Just Sent $58M In Ethereum To An Anonymous Wallet

What happened: $58,694,570 worth of Ethereum (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's Ethereum wallet address has been identified as: 0xf3d0b270651dccfeddad41b42aa6d1876200117a

Benzinga

$88M In Bitcoin Was Just Transferred Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $88,752,155 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qfese9lnrgh8zfuvftxfy6zgdxgnm5re6uyu3gf

Benzinga

11,492 Bitcoin Was Just Transferred Between 2 Wallets

What happened: $342,706,240 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1qwge58yazhwqykwzs9xfw0m5y9pcs54z6z9usus78frpy4nzaw4jqyj5ft9

Benzinga

Someone Just Sent $352M In Bitcoin To An Anonymous Wallet

What happened: $352,898,445 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1qgnj4maevecmpgx5u9rguhmtqmzclqn8wly77g43nj6fl29s4qd4svttca5

Benzinga

LUNA 2.0 Token Set To Launch On May 27; These Crypto Exchanges Plan To List Immediately

After shaking the cryptocurrency market to its core, the developers of the Terra (CRYPTO: LUNA) blockchain are set to launch the LUNA 2.0 token on Friday.

Benzinga

Mastercard VP Draws Parallels Between Mass Crypto Adoption And Evolution Of Internet For Amazon To Work

Mass adoption of blockchain technology and digital assets will happen sooner rather than later, as per Mastercard Inc (NYSE:MA) VP Harold Bossé, the TechCrunch reports. "Think about the advent of the internet; no one was thinking that Amazon.com Inc (NASDAQ:AMZN) could even be a concept — you need the internet for Amazon to work," he…

Benzinga

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Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

WeWork Co-founder Raises $70M For Crypto Carbon-Credit Startup

WeWork Inc (NYSE:WE) cofounder Adam Neumann raised $70 million from venture capitalists and others for his co-founded carbon-credit startup Flowcarbon, Bloomberg reports. The startup raised traditional funding from backers like Andreessen Horowitz’s crypto arm, General Catalyst, and Samsung Next. Flowcarbon also raised money by selling its token, called the Goddess Nature Token. Neumann,…

Benzinga

Stripe Resumes Crypto Push Drawing Inspiration From Block, PayPal

Payments company Stripe Inc looks to give customers access to Bitcoin (CRYPTO: BTC)four years after suspending support for the cryptocurrency, Bloomberg reports. Stripe collaborated with crypto startup OpenNode to help its customers to accept Bitcoin payments through a new app. Stripe customers will be able to convert incoming payments and any amount of…

Benzinga

Coinbase Draws Inspiration From Ray Dalio And Asks Employees To Rate Each Other

Crypto exchange Coinbase Global Inc (CRYPTO: COIN) is reportedly testing out a management ethos called “radical transparency” that has been employed by Ray Dalio’s Bridgewater Associates.

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Benzinga

Dogecoin Daily: Price Heads Lower In Mixed Crypto Market, 'Doge Millionaire' Not Selling And More

Dogecoin (CRYPTO: DOGE) traded 1.4% lower at $0.08 over 24 hours leading up to early Wednesday morning. DOGE declined while major coins traded mixed at press time. The global cryptocurrency market cap rose 0.8% to $1.3 trillion.

Tribune News Service

Here’s why crypto companies are flocking to Texas

Mance Harmon graduated from college in 1993 when the World Wide Web was just getting ripples, so he remembers the frustrations of trying to explain it to his parents. It didn’t make sense to them until they got an email account, but now, everyone intuitively understands the Internet, he said.

Benzinga

Cathie Wood Continues To Show Faith In Bitcoin, Ethereum: Loads Up On 2 Crypto-Linked Stocks

Cathie Wood-led Ark Investment Management on Tuesday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip. &

Benzinga

Coinbase Enters The Fortune 500, Surpassed By Just One Company In Revenue Growth

Coinbase Global Inc (NASDAQ: COIN) has become the first cryptocurrency company to enter the Fortune 500 list. What Happened: Coinbase was included in the 68th Fortune 500 list, which ranks the largest U.S.-based corporations by revenue each year.

Benzinga

Bitcoin Rises, Ethereum, Dogecoin Fall: On-Chain Metric Flags Bullish Sign For This Crypto

Bitcoin intraday returns exceeded those of altcoins as the global cryptocurrency market cap rose 0.9% to $1.3 trillion at press time.

Benzinga

Challenges and Solutions for Enterprise Crypto Adoption: Why businesses Are Afraid Of Using Crypto

Alexander Mamasidikov, co-founder of mobile digital bank MinePlex

Benzinga

Does This Pattern Spell Trouble For Dogecoin Traders Or Will Its Defenders Hold This Line?

Dogecoin (CRYPTO: DOGE) was trading mostly flat on Tuesday in a generally sideways trading pattern that has plagued traders and investors since May 13 and sucked the enthusiasm out of traders who are used to playing the crypto’s more-usual volatility.

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