DIRS.INFO The most relevant business & tech news

☆ Bitcoin rises 2.3% to $23,199
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: 1 min

Jan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether , the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three)Reporting by Jose Joseph in Bengaluru, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 6.2 percent to $22,401
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: 1 min

Jan 20 (Reuters) - Bitcoin rose 6.24 % to $22,401 at 22:07 GMT on Friday, adding $1,315 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 35.8% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 5.66 % to $1,639.2 on Friday, adding $87.8 to its previous close. Reporting by Siddharth Jindal in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. "The SEC and Gary Gensler has very outwardly said he views almost all crypto as a security. At a September event organized by the Practising Law Institute, Gensler said that the "vast majority" of cryptocurrency tokens are securities. watch nowThe XRP case has important implications for both Ripple and the broader crypto market. A judgment pronouncing XRP a security could potentially impose much stricter curbs on Ripple with respect to the token.

☆ Bitcoin’s popularity with developers shrunk last year while Ethereum’s flourished. Here’s what that means for investors
▼ + stars: | 2023-01-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Crypto prices suffered badly in 2022, but developer activity for the year paints a more optimistic picture for investors. That puts developer growth at 9% for the year, the report showed, even as the price of ether dropped 67%, according to Coin Metrics. Its price collapsed 50% last year, but the strength of its developer community gave investors hope it would pull through. Meanwhile, bitcoin's developer population shrunk 4%, though it's still the fifth largest in the market at 300 full-time builders. Why it matters for investors Developer activity is an indicator of a network's utility and potential for end users.

☆ Premarket stocks: The world has a major debt problem. Is a reset coming?
▼ + stars: | 2023-01-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

That number is about 349% of global gross domestic product, and the equivalent of $37,500 of debt for every single person in the world. “Rising interest rates and slowing economies are making the debt burden heavier,” they write. What it means: Higher interest rates are already hurting governments and corporations with low-credit ratings. Rising interest rates also impact stock prices — the Federal Reserve’s hikes in 2022 contributed to a nearly 20% decline in the S&P 500. What comes next: There is no easy way out of a global debt crisis, write Chan and Dimitrijevic.

DAVOS, Switzerland, Jan 16 (Reuters) - SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was "overly bullish". "If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year," Scaramucci told the Reuters Global Markets Forum in Davos, Switzerland. Bitcoin is trading at around $20,800, a 26% gain so far this year after falling by more than 64% in 2022. SkyBridge has invested in bitcoin, ethereum , solana and altcoin algorand , and is also eyeing the structured credit market to drive 2023 returns after the firm's losses in 2022. "Structured credit, mortgage-backed securities, credit card debt, auto loans -- that's an attractive space again," Scaramucci said.

☆ Bitcoin climbs above $20,000 first time in over two months
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: 1 min

Jan 13 (Reuters) - Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close. The cryptocurrency is up 26.4% from the year's low of $16,496 on January 1. Ether , the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close. Reporting by Siddharth Jindal and Maria Ponnezhath in Bengaluru Editing by Chris Reese and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 5.6% to $21,044
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: 1 min

Jan 14 (Reuters) - Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 27.6% from the year's low of $16,496 on Jan 1. Ether , the coin linked to the ethereum blockchain network, surged 7% to $1,552.6 on Saturday, adding $101.6 to its previous close. Reporting by Maria Ponnezhath in Bengaluru, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 5.5% to $19,897
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: 1 min

Jan 13 (Reuters) - Bitcoin rose 5.54% to $19,897 at 22:13 GMT on Friday, adding $1,044 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 20.6% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 2.98% to $1,458.8 on Friday, adding $42.2 to its previous close. Reporting by Siddharth Jindal in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 6% to $19,005
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: 1 min

Jan 12 (Reuters) - Bitcoin rose 6% to $19,005 at 21:04 GMT on Thursday, adding $1,075 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 15.2% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 3.06% to $1,432.8 on Thursday, adding $42.6 to its previous close. Reporting by Siddharth Jindal in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rallies to a 2-month high after inflation data, shrugging off FTX and DCG troubles for now
▼ + stars: | 2023-01-12 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The rally came after key inflation data raised hopes for a more favorable macro environment ahead. "While it's too early to count [the] chickens, the price action since yesterday has been encouraging," a crypto executive told Insider. Early Thursday, Consumer Price Index (CPI) data for December indicated that inflation pressures eased again, giving Federal Reserve officials leeway to slowdown rate hikes. Favorable inflation data ought to boost token prices and could "help the market cement [its] current rebound," said Wael Makarem, Senior Market Strategist at financial services firm Exness. Crypto markets endured a lengthy bear market through 2022.

☆ From the Shanghai upgrade to U.S. regulation: Watch these 5 events to see where crypto markets are heading in 2023
▼ + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +7 min

Unlike in previous crypto winters, however, macro forces outside the crypto industry are the biggest drivers of the market. The Shanghai upgrade Ethereum developers are gearing up for the network's next big upgrade, the "Shanghai" upgrade, which has a target release of March 2023. "The problem right now is if you stake ether into the network, your ether will be locked until the Shanghai upgrade," Lau said. "There will be more liquidity of ether after the Shanghai upgrade," he added. Gox but the expected distribution of the bitcoin recovered from the exchange's 2014 implosion could be a near-term headwind for bitcoin investors.

☆ Crypto had a catastrophic 2022. Here are 3 reasons it will bounce back again, according to analysts.
▼ + stars: | 2023-01-04 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Analysts from Bernstein laid out why they're still bullish on the crypto space. But Bernstein analysts Gautam Chhugani and Manas Agarwal offer crypto true believers a few reasons to keep the faith. In a note published on January 3, they wrote that despite a catastrophic 2022, the larger crypto ecosystem still has potential. Much of the crypto space remains decentralized. Chhugani and Agarwal said FTX's collapse had hastened DeFi adoption, which makes DeFi a bright spot in crypto investing, according to crypto VCs.

☆ Bernstein analysts offer a cautious bull case for crypto recovery after a year from hell
▼ + stars: | 2023-01-04 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Analysts from Bernstein laid out why they're still bullish on the crypto space. But Bernstein analysts Gautam Chhugani and Manas Agarwal offer crypto true believers a few reasons to keep the faith. Crypto keeps bouncing backThe past year was not the first "crypto winter," and crypto always bounced back fairly easily. Much of the crypto space remains decentralized. Chhugani and Agarwal said FTX's collapse had hastened DeFi adoption, which makes DeFi a bright spot in crypto investing, according to crypto VCs.

☆ Inflation fears fade as geopolitical risks rise
▼ + stars: | 2023-01-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

New York CNN —Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. “Inflation shockwaves” still feature as one of Eurasia’s top political risks for 2023 in a new report. But FTX and Alameda were each forced to file for bankruptcy in December after investors rushed to pull deposits. Just a year ago, Apple was the first company in the world to reach a $3 trillion market valuation.

☆ Ryan Selkis of Messari shares outlook on 2023 crypto themes, Ethereum and proof of reserves
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyan Selkis of Messari shares outlook on 2023 crypto themes, Ethereum and proof of reservesCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ryan Selkis, the CEO of Messari, explains his outlook for Ethereum in 2023.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase settles with New York regulators, and Messari CEO explains 2023 themes: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ryan Selkis, the CEO of Messari, explains his outlook for Ethereum in 2023.

Tax-loss harvesting, portfolio lines of credit, 529 college savings plans available Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark. Access to Certified Financial Planners at no additional charge Check mark icon A check mark. Low-cost, hands-off investment account that combines automated features with management from a team of human investment professionals Check mark icon A check mark. We compared nearly two dozen brokerages, placing heavy weighting on their advisory and trading fees, investment philosophy, investment options, and types of accounts available.

☆ A 25-year-old traded $2 billion of crypto from his parents' suburban home in Australia, public records show
▼ + stars: | 2023-01-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

25-year-old Darren Nguyen's crypto business is based at his parents' suburban home, per The Australian. Filings reported by The Australian show it managed to trade $2 billion worth of crypto in the fiscal year ending June 2021. The firm made an after-tax profit of $7 million as crypto boomed in 2021. Darren Nguyen's crypto trading business, PO Street Capital, is registered at his parents' house in the suburbs of Sydney, Australia. Although, since PO Street Capital first registered in June 2018, Bitcoin is still up around 118% as of Tuesday morning.

☆ Sam Bankman-Fried-backed Solana soars after ecosystem sees shiba inu-themed token airdrop
▼ + stars: | 2023-01-03 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Solana soared as much as 20% in the past day on news of a Bonk token airdrop. After losing nearly all its value in 2022 as Sam Bankman-Fried's crypto empire collapsed, solana ended a streak of nine consecutive losses. The Bonk airdrop is likely being used for Solana-based non-fungible tokens. After losing nearly all its value in 2022 as Sam Bankman-Fried's crypto empire collapsed, solana finally ended a streak of nine consecutive days of losses. Of the Bonk tokens being airdropped, roughly 20% could be used for an ecosystem of 297,000 Solana-based non-fungible tokens and 10% could go to Solana-based artists, according to CoinDesk.

☆ Regulators warn U.S. banks on crypto risks including 'fraud and scams’ after FTX collapse
▼ + stars: | 2023-01-03 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. The comments come just weeks after the spectacular collapse of crypto exchange FTX. The regulators said the risks include: "fraud and scams among crypto-asset sector participants" and "contagion risk within the crypto-asset sector resulting from interconnections among certain crypto-asset participants." Now, about two months after the bankruptcy filing of FTX, the industry has been exposed as rife with poor risk management, interconnected risks and outright fraud. Traditional banks have largely sidestepped the crypto meltdown, unlike the 2008 financial crisis in which they played a central role.

☆ From TerraUSD's meltdown to the collapse of a $32 billion crypto empire, here is a full timeline of the crypto market's year in 2022
▼ + stars: | 2022-12-31 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +7 min

Insider spoke with several crypto experts and charted the most influential events for the industry in 2022. The firm filed for insolvency in June, leading to widespread contagion. A month later, the firm filed for bankruptcy, listing $4.31 billion in assets and $5.5 billion in liabilities. The world's largest asset manager agreed to offer clients access to Coinbase's crypto trading and custody services. Radix's Epstein warned the industry must brace for more FTX contagion, but predicted crypto markets will rebound eventually.

☆ Solana's slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022
▼ + stars: | 2022-12-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +4 min

The token's market cap collapsed from over $55 billion in January to barely above $3 billion at year-end. Bankman-Fried's companies held nearly $1.2 billion worth of the token and associated assets in June, according to documents reviewed by CoinDesk. But the recent slides came after that news had already broken, making Solana's recent slide something of a mystery. During the crypto market's heyday in 2021, Bankman-Fried was hardly alone in his bullishness. Solana's token fell from $141 to a low of a little over $94.

☆ Stocks have taken a beating this year and investors feel worse than during 2008's Great Financial Crisis. Here's what that means for 2023.
▼ + stars: | 2022-12-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now, unlike this newsletter and all you readers, the stock market is rounding out a year to forget. It's worth noting, too, that alongside slumping stocks, investor sentiment is worse than it was during the 2008 Financial Crisis. But in Fundstrat's view, that suggests a stock market bottom is near, if it hasn't happened already. In other words, overly bearish sentiment suggests stocks could be set up for a big rally in 2023. What's your stock market outlook for the new year?

☆ Inside the relationship between Sam Bankman-Fried's FTX and Solana, the blockchain he championed whose token is down 96% from its highs
▼ + stars: | 2022-12-29 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried was a big supporter of Solana, the layer-1 blockchain that bills itself as a faster alternative to Ethereum's network. He backed projects on its ecosystem, and his firms amassed huge sums of the blockchain's native token, also called Solana (SOL). The disgraced former crypto mogul backed projects in its ecosystem, and his firms amassed huge sums of the blockchain's native token, also called Solana (SOL). Meanwhile, Bankman-Fried's hedge fund Alameda Research and crypto exchange FTX purchased large sums of SOL tokens from the Solana Foundation, the nonprofit that supports the blockchain, and Solana Labs, the blockchain's developer. That's despite the fact that around 80% of projects on Solana's blockchain had zero exposure to FTX, Yakovenko told Bloomberg.

Search resuls for: "ethereum"

25 mentions found