The cryptocurrency market is in the middle of a widespread crash, causing investors serious financial pain with no clear way out. The most dramatic fall yet has been the collapse of the $30 billion Terra ecosystem: its token Luna, its algorithmic stablecoin TerraUSD (UST)—which is supposed ...Read More

U.S. stocks dropped Thursday, extending a streak of volatility in a market driven by worries that the Federal Reserve will hamper growth in its effort to bring inflation under control. The S&P 500 declined 1.6% after the broad-market index closed down 1.6% on Wednesday. ...Read More

Coinbase, one of the world’s largest cryptocurrency exchanges, warned that its users might lose access to their holdings if the company ever went bankrupt. The disclosure was included for the first time as a risk factor in the company’s first-quarter earnings report, which also noted that ...Read More

Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last ...Read More

The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S. The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on ...Read More

Tech investors and businesses in California have been betting on crypto for well over a decade. Now, the governor of the U.S. state with the largest economy is joining the party. California Gov. Gavin Newsom issued an executive order Wednesday on cryptocurrencies, laying out a road ...Read More

In April, SEC Chair Gary Gensler gave a cautious assessment of crypto: “lots of innovation, but plenty of hype.” Ripple general counsel Stuart Alderoty picked up on something else Gensler said in his speech at the University of Pennsylvania, in which he reminisced about studying ...Read More