Opinion: 3 Reasons Crypto Doesn’t Belong in Your Retirement Account—Yet

Anyone who followed Matt Damon’s advice that “fortune favors the brave” during the Super Bowl and invested $1,000 in the crypto markets has seen staggering losses, with the value of those assets dropping more than 60%. This small slice of activity in the crypto markets demonstrates two major problems with this new asset class: its … Read more

The return of crypto bulls? These are the factors that drive institutional interest

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that arrives in your inbox every Thursday. I’m Frances Yue, Cryptocurrency Reporter at MarketWatch, and I’ll walk you through the latest in the digital asset market. Find me on Twitter at @francesyue_ to provide feedback or tell us what you think we should cover. You … Read more

CEO of Crypto Lender Genesis Exits as 20% of Workforce Laid Off

Genesis Global Trading is laying off 20% of its 260-person workforce weeks after court documents revealed the crypto brokerage firm lent $2.4 billion to now-bankrupt crypto hedge fund Three Arrows Capital. The job cuts were announced as part of company leadership changes that will also result in the departure of Genesis CEO Michael Moro. Genesis, … Read more

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?

As cryptocurrencies rebounded from the lows of June this year, meme coins have outperformed bitcoin and ether over the past few days, leading some investors to question whether risk plays have turned favorable again. Dogecoin DOGEUSD, +10.75% jumped 16.3% and another Shiba Inu dog-themed token SHIBUSD, 3.52 advanced 32.7% over the past seven days, though … Read more

Coinbase looks like a meme stock. Be careful, shorts.

text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg world coinbase operates as a side bet on Bitcoin. Lately, however, the cryptocurrency brokerage firm’s stock has added meme stock volatility to the mix, taking a cue from the likes of gamestop Y AMC Entertainment . Consider the frenetic … Read more

Billionaire Mark Cuban Loves Crypto But Says Buying Real Estate In The Metaverse Is “The Dumbest Shit In The World”

Cuban loves cryptocurrencies and Web3 technology, but thinks buying real estate in the metaverse is a bad idea. Billionaire businessman Mark Cuban loves cryptocurrencies and Web3 technology, but he thinks buying digital real estate in the metaverse is not a good idea. “The worst part is that people are buying real estate in these places,” … Read more

Coinbase says the SEC is looking at another one of its programs

text size Coinbase is making money from “staking,” but the SEC is investigating the practice. dream time base of coins Global had at least one bright spot in a dismal quarter: commissions earned on “stakes,” where investors can earn returns by locking up certain cryptocurrencies. The problem? base of coins (ticker: COIN) says that same … Read more

Yes, you can buy a car with crypto: this is how

Whether you think crypto is just a fad or the future of finance, it is a fascinating technology. You probably made your last car purchase with boring old dollars, but maybe your next one will be with a digital currency. If you are wondering if you can buy a car with cryptocurrencies, you are in … Read more

Coinbase shares fall after a cruel quarter for cryptocurrencies

text size Coinbase reported a second-quarter loss of $4.98 per share, compared to the $2.47 loss expected by analysts. dream time Crypto winter has arrived for the digital asset giant base of coins . Coinbase (ticker: COIN) on Tuesday reported a loss of $4.98 per share in the second quarter, compared to a loss of … Read more

Coinbase earnings have Wall Street wondering if the cryptocurrency company is too bullish or misunderstood

Coinbase Global Inc. executives remain optimistic about the long-term promise of their cryptocurrency platform, but admitted on Tuesday that current challenges in the cryptocurrency market are likely to persist. After posting a $1.1 billion loss last quarter amid declining volumes and active user counts, Coinbase COIN, +6.15% projected that monthly transaction volumes and users could … Read more