Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin

A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, +12.73% shares jumped almost 13% Wednesday, a day after the company said Michael Saylor would give up the CEO title and take on a new role as executive … Read more

Bitcoin has already bottomed, has a fair value of $40,000, says Anthony Scaramucci

Anthony Scaramucci, founder and managing partner at SkyBridge Capital, said he believes that the worst of the crypto bear market has already passed, after crypto hedge fund Three Arrows, lender Celsius and broker Voyager went into bankruptcy. Scaramucci made the comments while bitcoin BTCUSD, -0.34% is still down 66% from its peak in November, trading … Read more

Is the crypto bear market over? Here’s what to watch.

Bitcoin and ether are on track to record their best month since last October, prompting some investors to ask if the crypto bear market is over. The No.1 cryptocurrency BTCUSD, -0.24% on Friday reached a high of $24,412, the loftiest level since June 13, according to CoinDesk data. Bitcoin went up more than 19% so … Read more

Opinion: Fidelity’s bitcoin move getting all the wrong publicity

What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of a long career. Johnson died on March 23 of this year, age 91. On April 26, just over one month later, his daughter and heir, … Read more

Crypto market stands like Nasdaq in the early 2000s. Here’s why

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more

Fintech start-ups follow Fidelity Investments with retirement plans featuring bitcoin

Fidelity Investments made waves in the retirement-planning industry when it became the first of the major record-keepers to roll out bitcoin for 401(k) plans. But fintech start-ups are moving in as well. In April, Fidelity said that some of the 401(k) plans it administers would soon offer employees a way to invest in bitcoin through … Read more

Crypto crash: How prices for bitcoin and ethereum changed in June 2022

Cryptocurrencies like bitcoin BTCUSD, +3.49% and ether ETHUSD, +5.49% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -0.01%  and Citibank. The total market cap for all crypto nearly hit $3 trillion during parts of 2021 and companies like Robinhood HOOD, -1.16%,  Coinbase COIN, +3.31% … Read more

Crypto crash: How prices for bitcoin and ethereum changed in June 2022

Cryptocurrencies like bitcoin BTCUSD, +3.33% and ether ETHUSD, +4.30% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -0.05%  and Citibank. The total market cap for all crypto nearly hit $3 trillion during parts of 2021 and companies like Robinhood HOOD, -0.24%,  Coinbase COIN, +3.04% … Read more

Money laundering watchdog pushes for crypto information-sharing rules

Most countries lack “travel rule” laws that could help prevent the illicit use of cryptocurrency by criminals and terrorists, a global anti-money-laundering watchdog said on 30 June. The rules would require companies and service providers to share information about senders and recipients in cryptocurrency transactions. Only about 30% of jurisdictions surveyed by the Financial Action Task … Read more

Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain

The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain technology underpinning the world’s largest digital asset help fuel illegal activity. “They are a Ponzi scheme that facilitates money laundering,” Chris Brightman told Financial News when asked about his views on cryptocurrencies. Brightman, who became … Read more