Bitcoin price hit another all-time high at $69,000 Wednesday, as ether continued its trend toward $5,000. Profit taking began shortly after the fresh milestone, leading to a nearly-$7,000 drop which dropped BTC price briefly below $63,000.
MasterCard mapped out a three-pronged strategy to support the growing crypto community in a presentation Wednesday, focused on security and better services.
Twitter has deployed a new team, Twitter Crypto, to explore how the company can support the growing interest among creators to use decentralized apps.
A new Swiss-registered foundation, Watr Foundation, launched earlier this week to digitize supply chains and increase transparency around sustainability. The foundation aims to support the development of new business models by utilizing the Algorand blockchain.
Stock futures gained Thursday morning to recover some losses after a technology-led drop across the major equity indexes
U.S. stocks fell by the most in a month Wednesday, while Treasury yields spiked higher as an elevated inflation reading shook financial markets.
A poorly received auction of new 30-year bonds underscored the pullback from the U.S. securities, with long-end yields extending their advance.
U.S. inflation hit a three-decade high in October, delivering widespread and sizable price increases to households for everything from groceries to cars due to persistent supply shortages and strong consumer demand.
Following the inflation report, traders in the fed funds futures market now see the first Federal Reserve interest rate hike to be much more likely in July of 2022.
U.S. wholesale inventories increased more than initially thought in September, however auto equities dropped further amid a global semiconductor shortage.