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Goldman Sachs internal memo unveils new cryptocurrency trading team

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange.Brendan McDermid | ReutersGoldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street.The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded

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Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

Bank of England Governor Andrew Bailey.Simon Dawson | Bloomberg via Getty ImagesLONDON — Cryptocurrencies "have no intrinsic value" and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.Digital currencies like bitcoin, ether and even dogecoin have

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Ripple appoints a former U.S. treasurer to its board amid legal fight with the SEC

Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during a panel discussion at the Singapore FinTech Festival in Singapore, on Monday, Nov. 12, 2018.Wei Leng Tay | Bloomberg | Getty ImagesBlockchain start-up Ripple said Tuesday it had appointed former U.S. Treasurer Rosie Rios to its board, as

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Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

Charlie Munger at Berkshire Hathaway's annual meeting in Los Angeles California. May 1, 2021.Gerard Miller | CNBCBerkshire Hathaway Vice Chairman Charlie Munger's distain toward bitcoin has only intensified amid the digital asset's record run this year."Of course I hate the bitcoin success," the 97-year-old Munger said during a Q&A session

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Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

Ripple CEO Brad Garlinghouse said the lack of clarity in U.S. regulation of cryptocurrencies is "frustrating."Known for the cryptocurrency XRP, the fintech company has been caught in a high-stakes legal tussle with the U.S. Securities and Exchange Commission since last year.In December, the SEC filed charges against the firm,

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Digital currency ether hits a record high, stealing bitcoin’s limelight

Jack Taylor | Getty ImagesLONDON — Ether hit an all-time high Thursday as bitcoin's dominance of the cryptocurrency market declined.The world's second-largest digital currency by market value surged to a fresh record of $2,774 Thursday morning, according to data from Coin Metrics. Bitcoin, the top digital coin, was slightly

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A Coinbase-backed start-up quietly powering the NFT boom raises new funding

Alchemy co-founders Nikil Viswanathan (left) and Joe Lau.Source: AlchemyAlchemy, a start-up subtly powering the recent NFT boom, is raising another round of capital as it tries to keep up with the fast-growing industry.The San Francisco-based company announced an $80 million series B funding round on Wednesday, led by Coatue

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Dogecoin price surges after tweets from Elon Musk and Mark Cuban

Yuriko Nakao | Getty Images News | Getty ImagesLONDON — Dogecoin skyrocketed on Wednesday after receiving some celebrity endorsements on Twitter.Dogecoin's price has soared 20% in the last 24 hours to 32 cents, according to data from Coin Metrics. The meme-inspired cryptocurrency hit a record high above 45 cents

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Binance, the world’s largest cryptocurrency exchange, is launching an NFT marketplace

Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018.Akio Kon | Bloomberg | Getty ImagesLONDON — Cryptocurrency exchange Binance revealed plans on Tuesday to introduce its own marketplace where users can create, buy and sell digital collector's items known as

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A second bitcoin exchange collapses in Turkey amid crackdown on cryptocurrencies

A Bitcoin sign is seen at the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey.Chris McGrath | Getty ImagesLONDON — A second cryptocurrency exchange has collapsed in Turkey amid a crackdown on the industry.The platform, Vebitcoin, said in a brief statement on its website

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