Ethereum Merge Explained: Experts break down the risks of the long-awaited crypto update

The long-awaited Ethereum merge event is set to happen around Thursday, according to the Ethereum Foundation, and experts say it will reduce the blockchain’s energy consumption by 99%.  The update,…

Ethereum Merge has completed its long-awaited update Buterin says

The Ethereum blockchain completed its long-awaited Merge update early Thursday morning, the crypto project’s cofounder Vitalik Buterin has said. The upgrade promises to cut energy consumption for th… [read more]

JPMorgan CEO Jamie Dimon slammed crypto as dangerous – and called bitcoin a Ponzi scheme

Jamie Dimon has doubled down on his disdain for bitcoin and some other cryptocurrencies, arguing they serve no purpose beyond vacuuming up new buyers’ money to pay out profits to…

US stocks fall to extend Friday’s steep declines as investors grapple with hawkish Fed policy outlook

Us stocks opened lower Monday as investor sentiment remained sour following steep losses from Friday’s session.  Federal Reserve chair Jerome Powell remained steadfast in his Friday remarks in Wyomi… [read…

Dow jumps more than 300 points as US stocks break 3-week losing streak after dollar falls from recent highs

The Dow Jones Industrial Average soared more than 300 points on Friday, cementing a three-day rally and breaking a three-week losing streak as both the US dollar and Treasury yields…

US stocks turn negative as markets digest job gains and new uncertainty in Europe’s energy crisis

US stocks turned lower at the close Friday as investors digested the August jobs numbers and fresh uncertainty in Europe’s energy crisis.  Early in the day, payroll data showed a…

Bitcoin jumps more than 10% as risk appetite ramps up on a pullback in the US dollar from 20-year highs

Bitcoin leapt to a two-week high Friday as a drop in the strong US dollar helped fuel a jump in stocks and other risk assets.  Bitcoin gained as much as…

Altcoins are the alternative digital currencies to bitcoin — here’s what they are and how they work

Insider’s experts choose the best products and services to help make smart decisions with your money (heres how). In some cases, we receive a commission from our our partners, however,…

The Fed’s rate hike was just the beginning as banks around the world adjust policy – but the uncertainty doesn’t mean the market can’t rally.

Happy Friday team. I’m Phil Rosen, reporting from New York. The Federal Reserve’s Wednesday rate hike was just the beginning of the world’s fight against inflation. A smattering of other central…

Legendary investor Mark Mobius says the Fed will hike interest rates as high as 9% if inflation stays high

The Federal Reserve could hike interest rates as high as 9%, according to Mark Mobius.  The famed investor told Bloomberg TV Wednesday that because inflation has remained persistently high, “the…

US stocks edge higher after worst day for markets in 2 years as wholesale inflation dips

US stocks opened slightly higher Wednesday, a day after markets suffered their largest daily loss since 2020 on unexpectedly high consumer prices. Fresh producer price index data, which measures who……

Legendary investor Mark Mobius says the Fed will hike interest rates as high as 9% if inflation stays high

The Federal Reserve could hike interest rates as high as 9%, according to Mark Mobius.  The famed investor told Bloomberg TV Wednesday that because inflation has remained persistently high, “the…

‘El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up’

It’s the one-year anniversary of El Salvador’s adopting Bitcoin as a legal tender, so Bloomberg follows up, finding a country where “Adoption has moved slowly, and steep declines in Bitcoin’s…

US stocks rise as monthly jobs report eases some concerns over a hawkish Fed

US stocks climbed Friday as the monthly jobs report eased concerns that the Federal Reserve will continue with extra-aggressive rate hikes.  Payrolls grew by 315,000 in August, mostly in line…

SEC Chair Gary Gensler sends a message to crypto startup founders and VCs: ‘This field will not take off unless you have some trust’

The crypto industry is not going to make it without increased regulation to build trust among investors and the general public, says Gary Gensler, the chair of the Securities and…

US stocks continue sell-off as traders brace for more Fed rate hikes later this week

US stocks dropped Monday ahead of the Federal Reserve’s two-day meeting, which begins Tuesday. The dip is a continuation of Friday’s sell-off, in which indexes capped off their worst five-day…

US stocks dip after the ECB hikes rates and Fed Chair Powell backs hawkish stance

US stocks fell at the open Thursday as the European Central Bank raised benchmark rates and investors digested remarks from Fed Chair Jerome Powell.  The ECB hiked rates by 75…

Dow sinks more than 500 points in whiplash trading session after Fed raises interest rates by 75 basis points

US stocks closed sharply lower in a whiplashed trading session on Wednesday after Federal Reserve Chairman Jerome Powell hiked interest rates by 75 basis points and signaled that more increases…

The Ethereum Merge is Imminent. Here’s Why It Matters – CNET

If you Google “Ethereum Merge,”you’ll see a charming countdown clock depicting two pandas, one black and one white, slowly getting closer to each other. When the countdown hits zero, six…

Ethereum Merge nears final countdown as bitcoin and ether inch higher

Ethereum’s merge event is set to happen around Wednesday or Thursday, according to the Ethereum Foundation.  After selling off roughly 10% on Tuesday following the August inflation data, prices for…