virtual currencies

Crypto’s Merry Band Comes Back to Robinhood

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

Bitcoin Price Falls Below $26,000

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

Coinbase CEO says company has ‘no risk of bankruptcy’

““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

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock … Read More