Bitcoin tops $25,000 for the first time since June before slipping

Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lenders Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurphoto | Getty Images Bitcoin briefly topped $25,000 to hit its highest level in June before falling sharply as the cryptocurrency struggles to make … Read more

BlackRock launches a private trust to give clients exposure to spot bitcoin

Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019. Alex Kraus | Bloomberg | Getty Images BlackRock has launched a private trust offering institutional clients in the US direct exposure to bitcoin. The largest asset manager in the world revealed … Read more

Ethereum Goerli testnet merge goes live before move to proof-of-stake

Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade … Read more

Hackers have stolen $1.4 billion this year using crypto bridges

Mining the Worlds Second-most-valuable Cryptocurrency at Evobits IT SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos … Read more

Sam Bankman-Fried’s Alameda, Voyager Digital spar in bankruptcy court

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used by traders and investors. … Read more

Wage inflation, used car prices could jump higher: Jim Bianco

Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other … Read more

Crypto mixing service Tornado Cash blacklisted by Treasury Department

The US Department of Treasury on Monday sanctioned the popular cryptocurrency mixer Tornado Cash, banning Americans from using a service that the government said, “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a … Read more

Celsius withdraws motion to hire CFO back at $92,000 a month

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Embattled … Read more

27-year-old Bohemian prince raises $300,000 in NFTs to preserve and share castles and ancient artifacts

CNBC’s MacKenzie Sigalos and William Rudolf Lobkowicz in the Family Chapel of the Lobkowicz Palace depicting an early 18th-century altarpiece painting of St. Wenceslas, patron saint of the Czech nation. House of Lobkowicz PRAGUE — It is past midnight on a Friday at the Lobkowicz Palace in the Prague Castle complex. A 27-year-old Czech prince, … Read more

nonfarm payrolls, unemployment, Fed, recession

The 10-year Treasury yield rose on Friday on the back of a stronger-than-expected jobs report for July. At about 4:10 pm ET, the yield on the 10-year Treasury bond was up to 2.83%, and the yield on the 30-year Treasury bond was up 10 basis points and trading at 3.068%. Meanwhile, the 2-year was up … Read more