BTC? Ethereum? Ripple? The Lowdown on Popular Cryptocurrencies As the oldest and most well-established cryptocurrency, Bitcoin gets most of the attention. But in the world of cryptos, it’s just the tip of the iceberg. There are actually more than a thousand so-called “altcoins” out there, with more than 20 having a market capitalization of at least $1 billion … Read more
KEY POINTS Crypto has had a brutal first half of 2022, but few days have been this bad for the industry that’s built itself up around digital currencies. On Monday, trading platforms halted withdrawals, companies cut jobs, and panicked investors dumped their holdings, dragging the market cap of crypto below $1 trillion, down from $3 trillion at its peak … Read more
KEY POINTS This week, one of Bitcoin’s largest and most notorious coin exchanges was brought down by law enforcement — and police and prosecutors are now beginning to explain why. On Thursday, the Department of Justice unsealed an indictment against Alexander Vinnik — thought to be the operator, or one of the operators of Bitcoin … Read more
KEY POINTS Bitcoin fell below $30,000 for the first time since Jun. 22 dragging other digital coins lower. Even with the plunge bitcoin is up 2% for the year, according to CoinDesk data Bitcoin is trading in the $29,000 range, about 3% lower on the day, according to Coin Metrics. Ether is down 1.25% and … Read more
KEY POINTS Staked ether, or stETH, is a token that’s meant to be worth the same as ether. For the past few weeks, it has been trading at a widening discount to the second-biggest cryptocurrency. Instability in the token’s price has further constrained liquidity in the fragile crypto market. Another controversial cryptocurrency is causing havoc … Read more
KEY POINTS Over the weekend, bitcoin had fallen as low as $17,601.58. The cryptocurrency market has been hit by a number of factors, ranging from the collapse of stablecoin terraUSD to questions of solvency at crypto lender Celsius. Macroeconomic factors including high inflation and upcoming rate hikes from the U.S. Federal Reserve are also weighing … Read more