Opinion: Will crypto survive? Sadly, the FTX debacle is unlikely to be the last

SAN FRANCISCO — The epic collapse of wunderkind Sam Bankman-Fried’s $32 billion crypto empire, FTX, looks set to go down as one of the great financial debacles of all time. With a storyline full of celebrities, politicians, sex, and drugs, the future looks bright for producers of feature films and documentaries. But, to paraphrase Mark Twain, rumors of … Read more

Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate

Published: Nov. 23, 2022 at 3:31 p.m. ET A research paper published at Harvard University is advocating that central banks should buy bitcoin BTCUSD as a hedge against sanctions by other countries. The paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” was authored by Ph.D. candidate Matthew Ferranti from Harvard’s economics department, and … Read more

Bitcoin, Ether fall sharply on as token linked to FTX takes a sharp tumble

The price of bitcoin fell below $20,000 for the first time in nearly four weeks on Tuesday, with Ether also under pressure as a token linked to crypto exchange FTX tumbled below a crucial level. Bitcoin BTCUSD, -4.93% was off nearly 5% over the last 24 hours to $19,739, headed for the lowest closing price … Read more

Why a strong U.S. dollar might benefit crypto in the long term

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should … Read more

Will bitcoin continue to outperform stocks for rest of the year?

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should … Read more

Bitcoin miners’ revenue down 80% from peak. Can they survive this year?

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should … Read more

Biden regulators cheer on crypto crackdown

The Biden administration on Monday laid out its most comprehensive analysis of the risks posed by cryptocurrency to financial stability, urging regulators and Congress to continue to bring enforcement cases against unlawful practices and pass new legislation that more thoroughly regulates the sector. The Financial Stability Oversight Council, which comprises the heads of every major … Read more

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?

As cryptocurrencies bounced back from the June lows this year, meme coins have outperformed bitcoin and ether for the past few days, prompting some investors to ask if the risk-on plays are back in favor. Dogecoin DOGEUSD, +0.35% jumped 16.3% and another dog-themed token Shiba Inu SHIBUSD, 0.50 advanced 32.7% during the past seven days, … Read more

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?

As cryptocurrencies bounced back from the June lows this year, meme coins have outperformed bitcoin and ether for the past few days, prompting some investors to ask if the risk-on plays are back in favor. Dogecoin DOGEUSD, +11.67% jumped 16.3% and another dog-themed token Shiba Inu SHIBUSD, 3.13 advanced 32.7% during the past seven days, … 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