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Bitcoin briefly tumbles below $40,000 to the lowest since September as investors shed risk Via CNBC.com: The price of bitcoin fell at one point Monday to its lowest level since September, as rising rates continued leading investors to shed positions in risky, growth-oriented assets. Bitcoin fell as much as 6% to touch a low of $39,771.91, according to Coin Metrics, reclaiming most of its losses. It traded about 1.3% lower […]

Bitcoin slides about 7%, other cryptocurrencies drop after global stocks fall on hawkish Fed minutes Via CNBC.com: Bitcoin and other cryptocurrencies fell sharply on Thursday as hawkish minutes from the Federal Reserve’s December meeting hit global risk assets. Bitcoin was trading at just below $43,200 at 2:59 a.m. ET on Thursday, down nearly 7% from the 24 hours previous, according to CoinDesk data. It fell as low as $42,503.88 in […]

Visa launches crypto consulting services in push for mainstream adoption Via CNBC.com: Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies. The payments processor said Wednesday its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out crypto features to exploring non-fungible tokens. Visa named American bank […]

Bitcoin holds steady below $50,000 in volatile weekend trading Via CNBC.com: Bitcoin prices bounced around on Sunday but remained below $50,000, with the volatility continuing a weekend of wild trading that sent the cryptocurrency tumbling more than 17% in just 24 hours. The cryptocurrency traded at $48,776 around 7:45 p.m. ET Sunday on Wall Street, according to data from Coin Metrics. Earlier in the day the cryptocurrency slid more than […]

Bitcoin climbs back above $57,000 as cryptocurrencies rebound from sell-off Via CNBC.com: Bitcoin and other cryptocurrencies surged Monday after a sharp sell-off at the end of last week. The price of bitcoin climbed nearly 6% in the last 24 hours to $57,373, according to Coin Metrics data. Other digital assets also rose, with etherclimbing 7% to $4,331 and XRP up 6% at around 98 cents. Vijay Ayyar, head of Asia […]

Staples Center to Be Renamed Crypto.com Arena Via CNBC.com: Staples Center will be renamed Crypto.com Arena, under a 20-year naming rights agreement between the cryptocurrency platform and AEG. The official home of the NBA’s Los Angeles Lakers and LA Clippers, the NHL’s LA Kings and the WNBA’s Los Angeles Sparks will be renamed Dec. 25. A new logo will be unveiled Christmas Day, when the Los Angeles Lakers host the […]

Bitcoin drops toward $60,000 as major cryptocurrencies plunge Via CNBC.com: Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. The world’s largest digital coin fell toward $60,000 during late morning trade Singapore time. It recovered some of those loses and was trading at around $60,542 at 9:26 a.m. London time (4:26 a.m. ET), according to Coin Metrics data, down 5% from 24 hours before. Ether, meanwhile, fell […]

Coinbase shares drop after third-quarter revenue misses analysts’ estimates Via CNBC.com: Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday and missed analysts’ estimates on revenue. The stock sank more than 13% in extended trading. Here’s how Coinbase did compared with analyst estimates: Earnings: $1.62 a share Revenue: $1.31 billion vs. $1.57 billion consensus estimate, according to Refinitiv Coinbase said monthly transacting users […]

Bitcoin is inches away from reaching $60,000 amid ETF speculation Via CNBC.com: Bitcoin climbed Friday to hit a five-month high, and was inches away from hitting $60,000. The world’s biggest cryptocurrency surged as high as $59,920, notching its highest level since May. 10. But it struggled to break above the $60,000 mark. Bitcoin was last trading 2.5% higher over the last 24 hours, at a price of $59,112, according to […]