A stunning assortment of bitcoin, litecoin, and ethereum tokens. Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies experienced a surge in value on Wednesday as investors grappled with the market’s summer lull and eagerly anticipated the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, on Friday. Bitcoin saw a rise of over 2% and reached …
Cryptocurrencies faced downward pressure on Thursday as investors grappled with renewed concerns about the U.S. economy. According to Coin Metrics, Bitcoin’s price dipped around 4% to $27,901.60 following the release of the minutes from the Federal Reserve’s July policy meeting. The minutes highlighted potential “upside risks” to inflation, which could result in more interest rate …
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | Getty Images Cryptocurrency exchange Binance is implementing a workforce reduction due to an ongoing investigation by the Justice Department. It is anticipated that …
Changpeng Zhao, founder and CEO of Binance, greets the audience as he takes the stage for a panel session at the VivaTech Conference in Paris on June 16, 2022. Bloomberg | Bloomberg | Getty Images PARIS — Just before French police paid a visit to Binance’s office in Paris, the top French executive of the …
Cryptocurrency prices surged at the end of the week on Friday, following news that the world’s largest asset manager is entering the race to launch the first spot bitcoin exchange-traded fund (ETF) in the United States. Bitcoin closed the day 3.75% higher at $26,355.04, according to CoinMetrics. Ether also saw a 3% increase, reaching $1,718.32. …