Investors lost more than $2 trillion since
An attendee wears a “Will Work for NFTs” shirt during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of…
After FTX, crypto investors need to rethink how to hold assets
This week’s FTX collapse is “a tragedy and total failure of governance,” Blockchain.com CEO and co-founder Peter Smith told CNBC’s “Closing Bell” on Thursday, but it’s not going to sink…
Tech stocks rocket higher after CPI shows inflation easing
A trade inside Nasdaq Marketsite in New York City. Getty Images Tech stocks rocketed higher Thursday after the consumer price index showed signs of easing inflation. Stocks in the cloud…
The companies that have cut jobs this year
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images The job cuts in tech land are piling…
FTX’s FTT token plunges 80%, wiping out over $2 billion in value
FTT, the token native to crypto exchange FTX, lost most of its value after rival Binance, the world’s largest cryptocurrency firm, announced plans to acquire the company. The coin traded…
Starbucks, Twilio, Carvana, DoorDash and more
A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the…
Block, PayPal, Carvana, Twilio and more
A Starbucks location in New York. Scott Mlyn | CNBC Check out the companies making headlines after hours. Block — The mobile payment stock jumped 12% after Block reported third-quarter…
Coinbase (COIN) earnings Q3 2022
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported third-quarter revenue that missed analysts’…
Crypto winter is hurting Google’s ad empire
A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty…
Bitcoin is failing to rally with stocks as $940 million in bitcoin is pulled from exchange favored by institutions
Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But…