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

What does Netflix’s crackdown look like on password sharing?

Netflix Inc. has promised to limit password sharing because it looks likely to increase its financial fortune, and the company has just shared more details on how it will be done. The company plans to get subscribers in some Latin American markets to start paying extra if they want to add additional homes to their … 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

Plunging bitcoin hits crypto miners

The plummeting price of bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. In good times, crypto mining firms and bitcoin’s price are locked in a virtuous cycle. The miners own giant warehouses filled with specialised equipment that keep bitcoin transactions humming and are rewarded more bitcoin … Read more

Binance CEO says the worst of the crypto crash ‘is probably over’

“‘I think the worst part is probably over. We’ve seen a pretty sharp drop.’” That’s Changpeng Zhao, CEO of cryptocurrency exchange Binance, discussing the recent skid in crypto prices, which some are labeling a full-scale crash. Zhao’s comments were documented by Coindesk crypto writer Sandali Handagama. The event had not released video of the panel … Read more