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

Ether (ETH) price surges after ethereum completes final testnet merge

Omar Marques | LightRocket | Getty Images Ether soared to a two-month high after developers successfully completed a final dress rehearsal for a pivotal upgrade expected to happen next month. The world’s second-largest cryptocurrency reached a price above $1,927 at around 8:20 am ET Thursday, according to data from CoinMetrics. That’s its highest level since … Read more

Bitcoin’s correlation to stocks has never been higher. When Morgan Stanley thinks its price will bottom

Bitcoin has been trading in lockstep with stocks all year. In theory, this should mean that, as equities reached a potential bottom in recent weeks, the digital currency should have done so as well. Unfortunately, it’s not that simple, Morgan Stanley said. Equity strategist Sheena Shah noted that, unlike previous cycles, government stimulus and Federal … Read more

JPMorgan says cryptocurrencies ‘have found a floor’

After sliding all year, bitcoin just finished its best month of the year and may have found a low for this cycle, according to JPMorgan. “Despite the increase in cryptocurrency prices in July, the crypto markets are still down by half since the beginning of the year and trading volumes are still depressed. But it … Read more

Tom Lee on how to play the market in the second half

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Bitcoin jumps above $23,000 after Federal Reserve interest rate hike

Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the industry. Selim Korkutata | Anadolu Agency | Getty Images Bitcoin rose above $23,000, following stocks higher after the US Federal Reserve raised interest rates but suggested the pace of hikes could slow. … Read more

Coinbase faces new probe, FTX’s bid for Bithumb, and how heat waves hit miners: CNBC Crypto World

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Steve Bassi, … Read more

What Tesla’s bitcoin sale means for the crypto outlook

On Wednesday night Tesla reported in its second-quarter earnings that it sold 75% of its bitcoin holdings for $ 936 million. The company said it was to maximize its cash position amid Covid-related uncertainty in China. But the move comes about 18 months after the company shocked the financial markets by buying $ 1.5 billion … Read more

Coinbase says has no exposure to collapsed crypto firms Celsius, 3AC

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase on Wednesday said it had no counterparty exposure to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital, seeking to allay fears about the impact of a liquidity crisis on its business. … Read more

Bitcoin (BTC) climbs above $23,000

The world’s largest cryptocurrency is down roughly 50% since the start of 2021. CFOTO | Future Publishing | Getty Images Bitcoin broke the $ 23,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies. … Read more