WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as TerraUSD. “I think a lot of these tokens will fail,” Mr. Gensler told reporters after a … Read More

Jamie Dimon’s compensation puts him among the highest paid CEOs in the S&P 500. Photo: Chris Ratcliffe/Bloomberg News Updated May 17, 2022 5:16 pm ET JPMorgan Chase & Co. shareholders objected to a roughly $50 million retention bonus for Chief Executive Jamie Dimon and voted … Read More

The probability of a “hard landing” for the U.S. economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division.  “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than … Read More

Billionaire crypto investor, Barry Silbert, the founder and CEO of Digital Currency Group, on Saturday offered sympathy and advice to those who have lost fortunes recently. It’s been a tough six months to be a crypto investor. Whipsawing markets, faltering asset prices, rising interest rates … Read More

One of the biggest names in crypto is bullish on the future of Robinhood Markets. That makes sense. But others might think twice before settling down in Sherwood forest. The disclosure on Thursday that Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange FTX, … Read More

The largest cryptocurrencies showed signs of recovery following a roughly weeklong selloff, while beleaguered stablecoin TerraUSD continued to tumble. Bitcoin was up about 5% Friday from its 5 p.m. ET level Thursday, trading around $30,000, after falling below $26,000 Thursday. Ether, the second-largest cryptocurrency by … Read More

Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central … Read More

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening … Read More

““We have no risk of bankruptcy.”” That’s from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -26.40%. In a series of tweets Tuesday afternoon, Armstrong addressed a recent Coinbase 10-Q document filing with the Securities and Exchange Commission that used language detailing risk … Read More

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 2:43 p.m. ET, … Read More