Sunday, December 22

Tag: Cryptocurrency Markets

Bitcoin Rose on Rumors in 2023. How to Predict What Comes Next.
23Dec By adminNo Comments
Money

Bitcoin Rose on Rumors in 2023. How to Predict What Comes Next.

Bitcoin may be a relatively new technology. It can still follow some pretty old market maxims.Back in October postings on X, formerly known as Twitter, suggested that the U.S. Securities and Exchange Commission had finally approved the listing of a BlackRock exchange-traded fund that would directly track the price of bitcoin. It was quickly clear that this wasn’t correct. The SEC has delayed decisions on so-called spot ETFs, with some key deadlines now in 2024.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A Spot Bitcoin ETF Is Easy. What Comes Next Could Get Dangerous.
11Dec By adminNo Comments
Money

A Spot Bitcoin ETF Is Easy. What Comes Next Could Get Dangerous.

Giving fund managers easier access to bitcoin is already a contentious topic for regulators. It is nothing next to the Pandora’s box that could be opened with its crypto peer ether.The price of bitcoin has surged roughly 14% this past month to around $42,000. Investors believe U.S. regulators will soon green light exchange-traded funds, or ETFs, that hold spot bitcoins, bringing billions of dollars into the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rising Treasury Yields Pull Stocks Lower
4Dec By adminNo Comments
Money

Rising Treasury Yields Pull Stocks Lower

Updated Dec. 4, 2023 5:30 pm ETStocks, bonds and precious metals retreated Monday, reversing course after markets last week extended a monthlong stretch of gains. Higher bond yields weighed on shares of large technology companies, pressuring the broader stock market. The tech-focused Nasdaq Composite lost 0.8%, and the benchmark S&P 500 dropped 0.5%. The Dow industrials slipped 0.1%, or 41 points, snapping a four-day win streak.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Binance Guilty Plea Shows What Crypto’s Really About
23Nov By adminNo Comments
Money

Binance Guilty Plea Shows What Crypto’s Really About

Nov. 22, 2023 12:27 pm ETSo it turns out that of the two largest crypto exchanges, one was a fraud and the other was a money launderer. Whoever could have guessed?Skeptics of bitcoin and other cryptocurrencies have had their prejudices reinforced. The two main use cases—fraud and crime—have been exposed to the public in dramatic fashion, so now all we have to do is sit back and wait for the inevitable collapse in value.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Binance Founder Changpeng Zhao Steps Down, Pleads Guilty
22Nov By adminNo Comments
World

Binance Founder Changpeng Zhao Steps Down, Pleads Guilty

The chief executive of Binance, the largest global cryptocurrency exchange, stepped down and pleaded guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that might preserve the company’s ability to continue operating, according to court documents.Changpeng Zhao appeared in Seattle federal court Tuesday and entered his plea, according to court records. Prosecutors accused Binance, which Zhao owns, of facilitating transactions with sanctioned groups. Binance encouraged U.S. users to obscure their location so the firm could avoid complying with U.S. anti-money-laundering laws, prosecutors said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Binance Founder Changpeng Zhao Steps Down, Pleads Guilty
22Nov By adminNo Comments
World

Binance Founder Changpeng Zhao Steps Down, Pleads Guilty

The chief executive of Binance, the largest global cryptocurrency exchange, stepped down and pleaded guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that might preserve the company’s ability to continue operating, according to court documents.Changpeng Zhao appeared in Seattle federal court Tuesday and entered his plea, according to court records. Prosecutors accused Binance, which Zhao owns, of facilitating transactions with sanctioned groups. Binance encouraged U.S. users to obscure their location so the firm could avoid complying with U.S. anti-money-laundering laws, prosecutors said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Binance CEO Changpeng Zhao Agrees to Step Down, Plead Guilty
21Nov By adminNo Comments
Money

Binance CEO Changpeng Zhao Agrees to Step Down, Plead Guilty

The chief executive of Binance, the largest global cryptocurrency exchange, plans to step down and plead guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that may preserve the company’s ability to continue operating, according to people familiar with the matter. Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, the people said. Binance, which Zhao owns, will also plead guilty to a criminal charge and agree to pay fines totaling $4.3 billion, which includes amounts to settle civil allegations made by regulators, the people said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cathie Wood Urges Investors to Heed the Risks of a Deflationary World
15Nov By adminNo Comments
Money

Cathie Wood Urges Investors to Heed the Risks of a Deflationary World

Cathie Wood still expects the price of bitcoin to hit $1 million someday. The founder of ARK Investment Management built the firm into an investor darling during the Covid-19 pandemic with successful bets on largely unprofitable, “disruptive” technology companies. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams
5Nov By adminNo Comments
Money

Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams

Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally.The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud at the heart of the crypto market. None of it dented the enthusiasm of crypto investors. During the trial, crypto prices surged on optimism that U.S. regulators would allow an exchange-traded fund that holds bitcoin. Bitcoin is up more than 25% since the start of October and recently touched an 18-month high. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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