Cryptocurrency

Late last week, cryptocurrencies gained as stocks fell. Andrew Angelov/Dreamstime.com Cryptocurrencies are showing signs of trading independently of stocks again—one element of the investment case for the volatile assets—but that isn’t necessarily a good thing. On Thursday, even as the Nasdaq Compos

With recession fears gripping markets as the Federal Reserve pulls back its easy-money stance to fight high inflation, investors have had few places in 2022 to hide from carnage in financial markets. But what if the Fed Chairman Jerome Powell succeeds in his “softish” landing, like the central bank’

The CEO of Ripple, which is the issuer of the eponymous cryptocurrency XRP USD XRPUSD, -2.14%, will weigh a potential initial public offering after its lawsuit with the Securities and Exchange Commission ends, the CEO of the company told CNBC-TV at Davos. Ripple CEO Brad Garlinghouse said the compan

Stocks are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and port

ECB President Christine Lagarde says she thinks cryptocurrencies are worth nothing. Dusan Zidar/Dreamstime.com Strategists at J.P. Morgan are making a bullish call on crypto, even as the European Central Bank warns of rising risks in the asset class. Bitcoin’s volatility in relation to gold has decl

Andreessen Horowitz (AH Capital Management LLC) on Wednesday said it has raised $4.5 billion for its fourth and largest crypto fund. "Since the advent of computing in the 1940s, there has been a major computing cycle every 10-15 years, including PCs in the '80s, the internet in the '90s, and mobile

Leal Brainard, vice chairwoman at the Federal Reserve, has been the central bank’s most vocal proponent for experimenting with government-issued digital money as cryptocurrencies like bitcoin BTCUSD, -2.36% and ether ETHUSD, -4.06% have exploded in popularity and as use of Federal Reserve paper mone

Cryptocurrency was created to bypass the global elite dominated by banks and their captured politicians after the 2008 financial crisis. So it’s somewhat jarring that the crypto industry is out in full force at the mecca of globalization, the World Economic Forum in Davos, Switzerland. The blockchai

Crypto investors have long hoped for a “decoupling” between bitcoin and growth stocks, as the two assets often traded in tandem during the past several months. Both have suffered so far this year, as investors are concerned about soaring inflation, signs of a softening economy and the Federal Reserv

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at FrancesYue_ to send feedback, o

A cryptocurrency crash could have repurcussions well beyond crypto itself. Contagion could spread to the fixed-income market, and then to other financial markets as well. That’s the investment implication of a new study out of Yale University that began circulating in academic circles earlier this m

The once-sizzling market for NFTs has become a spectacular bust, as high-profile auctions increasingly flop and investors who plunked down millions for bizarre digital artworks now struggle to unload them at a tiny fraction of what they paid. Last spring, the little-known crypto artist Beeple sold a

Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the widest possible audience. As stocks plunged earlier this month, Marks — who built one of

The Russian ruble surged on Monday, following a report that the government plans to cut a key foreign exchange limit for exporters. The ruble RUBUSD, +3.26% surged 6.8% against the dollar on Monday, hitting a high of 57.54, and has pared its year-to-date losses to 23%. The ruble has steadily gained

Videogame retailer GameStop Corp. shares GME, +0.49% rose 3% in premarket trade Monday, after the company said it has launched a wallet for cryptocurrencies and NFTs, or non-fungible tokens. The company said the move allows gamers to store, send, receive and use cryptocurrencies and NFTs across dece