crash

In February of 2021, Tesla revealed its intention to sell automobiles using Bitcoin, prompting the price of the cryptocurrency to skyrocket, while also purchasing $1.5 billion worth of the crypto. One BTC was valued at around $43,000 at the time of the investment. Elon Musk, CEO of Tesla, was then quite positive about the crypto’s future,…

GaudiLab/ShutterstockCryptocurrencies have been on quite the ride since being introduced, with some early investors seeing sizable gains, while those who bought at the peak in late 2021 having likely suffered some major losses. The digital coins have sparked much debate in the investment industry about their investment merits and viability, with…

Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD.Umit Turhan Coskun | Nurphoto via Getty ImagesSilvergate Capital jumped on Tuesday afternoon after BlackRock reported a 7% stake in the crypto bank. Shares of Silvergate rose 9.96% after a Jan. 31 filing with the Securities and Exchange…

Bitcoin BTC , ethereum and other major cryptocurrencies have rocketed higher in the first month of 2023, adding $250 billion to the combined crypto market and topping a surprise Goldman Sachs chart. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin…

“If you made this into a movie, people wouldn’t believe it,” David Boies told me last week, marveling at the collapse of FTX and Sam Bankman-Fried before stepping onto his 184-foot sailboat en route to St. Barths. “It’d be interesting even if you took three zeroes off of what happened.” Boies, the ubiquitous lawyer who has represented…

Katie Haun, a former federal prosecutor and member of the venture capital firm of Andreessen Horowitz, unveiled her crypto-focused fund to much acclaim in 2022. Now, her $1.5 billion outfit has announced its newest investment. On Monday, it announced an initial $7.4 million funding round for Sovereign Labs, a startup that hopes to make…

Image: ShutterstockJapan's ruling Liberal Democratic Party Web3 project team has said that while other countries are inactive and indifferent towards the challenges in the crypto industry, Japan is poised to have a distinctive impact in the field and sees it as an opportunity rather than a crisis.It is…

Our Ren crypto price prediction is pointing to a bullish trend that is sure to bring you overwhelming returns in the long term. The world of blockchain is truly fascinating, with its dynamic platform and cutting-edge technology that promises to revolutionize the way we conduct transactions. But amidst all the hype, there’s one crucial issue…

There’s a laundromat in a working-class immigrant community on the outskirts of Washington, D.C. that is much more than a place to wash and dry clothes. The store offers alternative financial services — bill payment processing, money orders and check-cashing services — charging for many transactions that most banks perform for customers at no…

Shiba Inu (SHIB 2.08%) once reigned as the most talked about cryptocurrency on the market. In 2021, Shiba Inu skyrocketed close to 46,000,000%.  Last year, though, the digital token crashed -- along with most other cryptocurrencies. But like the mythological phoenix rising from the ashes, Shiba Inu is soaring in 2023 so far. How much higher can…