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

Crypto startup Nomad offers 10% bounty after $190 million hack

Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images Crypto company Nomad said it’s offering hackers a bounty of up to 10% to retrieve user funds after losing nearly $200 million in a devastating security exploit. Nomad pleaded … Read more

Crypto has had a miserable month and it’s only the third day of August

It has been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto ponzi schemes, this corner of the market can’t catch a break. The developments add to … Read more

Hackers attack solana crypto, stealing millions

The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Nearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including solana’s sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic. The Twitter account Solana Status confirmed the attack, noting that as of … Read more

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

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Hackers drain nearly $200 million from crypto startup Nomad

Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers drained almost $200 million in cryptocurrency from … Read more

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