Cryptocurrencies

Instead of surging to new highs as many crypto enthusiasts expected, Bitcoin experienced a rough week. The world's most valuable cryptocurrency dropped all the way to $66K on Friday, marking a 5% plunge compared to last week's prices. With the latest data showing that inflation...

Trading platform Robinhood expanded its venture into digital assets on Thursday, reaching a deal to acquire crypto exchange Bitstamp. The agreement is worth around $200 million in cash. The acquisition comes in the wake of the Securities and Exchange Commission’s (SEC) intention to sue Robinhood....

Bitcoin slumped by around 10% to $41,469 as investor optimism surrounding the release of exchange-traded funds holding the cryptocurrency faded into the background. This comes after Bitcoin raced to $49,000 for the first time since December 2021 once the multiple ETFs holding the cryptocurrency...

Michael Saylor must be feeling quite good at the moment. The famous cryptocurrency bull has seen the stock of his company Microstrategy reach a two-year-high at the end of last week, thanks to surging Bitcoin prices. Under Saylor’s guidance, Microstrategy started accumulating large amounts of...

Online payments firm PayPal launched a U.S. dollar stablecoin on Monday in a bid to boost the usage of cryptocurrencies for online payments and transfers. PayPal's shares rose by 1% following the announcement. Pegged to the U.S. dollar, this currency is defined as a stablecoin...

GameStop appears to be taking a step back from its strategy to focus on cryptocurrency and other digital assets. The video games retailer announced on Wednesday that it will be shutting its crypto wallet due to “regulatory uncertainty”.  GameStop has been struggling to keep its...