Why Bitcoin, Ethereum, and Cardano Are Falling Today

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Today's News

Welcome to today's news. In today's headlines we cover a wide range of topics including politics, business, economics, and more.

Outline

A year on, El Salvador's bitcoin experiment is stumbling:Describes how El Salvador's experiment with bitcoin is not going well after a year.
A year on, El Salvador's bitcoin trial is stumbling:Describes how El Salvador's experiment with bitcoin is not going well after a year.
Dollar hits fresh peak against yen on bets for aggressive Fed: The dollar has hit a new peak against the yen as investors bet that the Federal Reserve will be more aggressive in raising interest rates.
State securities regulators seek more transparency in Celsius crypto bankruptcy: State securities regulators are seeking more transparency from the crypto company Celsius in its bankruptcy proceedings.
Yen freefall: The Yen is falling sharply against other currencies.
US stocks trade mixed ahead of Fed's economic report while investors eye more big rate hikes: US stocks are mixed ahead of the Federal Reserve's economic report, with investors eyeing more big rate hikes.
'Big Short' investor Michael Burry says the epic market crash he predicted is in full swing: Michael Burry, who famously predicted the subprime mortgage crisis, says the market crash he predicted is now in full swing.
US stocks jump as signs of weaker growth and slower inflation offer hope for a less hawkish Fed: US stocks jump on news of weaker growth and slower inflation, which offers hope for a less hawkish Fed.
What The Ethereum Merge Is And Why It Matters: Explains what the Ethereum merge is and why it is important.
From ‘Adorkable’ to ‘Yeet’: 30 Words Merriam-Webster Just Added to the Dictionary: Merriam-Webster has added 30 new words to the dictionary, including "adorkable" and "yeet".
Authorities Shut Down WT1SHOP Site for Selling Stolen Credentials and Credit Cards: Authorities have shut down the WT1SHOP site for selling stolen credentials and credit cards.
Digital nomads want to replace the nation state—is there a darker side to this quest for global freedom?: Some digital nomads want to replace the nation state with a global network of digital nomads. But is there a darker side to this quest for freedom?
Investor Who Made 1,700% on Mt. Gox Crash Circles Crypto Again: The investor who made a 1,700% return on the Mt. Gox crash is back in the crypto world.
Why Bitcoin, Ethereum, and Cardano Are Falling Today: Explains why Bitcoin, Ethereum, and Cardano are all down today.
Saving $10,000 in Student Loans? Why It's a No-Brainer to Buy These 3 Cryptocurrencies: If you're looking to save on student loans, buying these three cryptocurrencies is a no-brainer.
3 Reasons Cold Storage in Crypto Makes Sense During a Long Crypto Winter: Cold storage in cryptocurrency can make sense during a long crypto winter for three reasons.
DEADBOLT ransomware rears its head again, attacks QNAP devices: The DEADBOLT ransomware has struck again, this time attacking QNAP devices.
Bitcoin Now Braced For Two Huge Earthquakes After $1 Trillion Crypto Price Crash Tanked Ethereum, BNB, XRP, Solana, Cardano And Dogecoin: The crypto market crash has caused Ethereum, BNB, XRP, Solana, Cardano and Dogecoin to all tank.
Can Markets End Their Seven Day Skid?: Markets have been on a seven day skid. Can they end it?
21.co, Swiss Crypto ETP Giant With Cathie Wood Links, Claims $2 Billion Value After Funding: The Swiss crypto ETP giant 21.co has claimed a $2 billion value after its latest funding round.
With Declining Crypto Prices And Mounting Competition, What’s Next For Coinbase?: With crypto prices declining and competition mounting, what's next for Coinbase?
Bored Ape Yacht Club NFTs Are Still Selling... And Being Stolen: The Bored Ape Yacht Club's NFTs are still being sold... and stolen.
Is Collaboration Software Safe For Your Organization?: Collaboration software is becoming increasingly popular, but is it safe for your organization?
Lawyers, Legislators And Labels: What Is “Crypto” Anyway?: Lawyers, legislators, and labels are all trying to figure out what "crypto" is.
Here's How Investors Can Potentially Tame September Volatility: Here's how investors can potentially tame September volatility.
Wall Street Breakfast: Far Out: Wall Street Breakfast looks at the week ahead.
Swan Bitcoin Moves Into TradFi With Platform for Financial Advisors: Swan Bitcoin is moving into the traditional finance world with a platform for financial advisors.

A year on, El Salvador's bitcoin experiment is stumbling

A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a circular metropolis powered by a volcano - is still dense jungle.

A year on, El Salvador's bitcoin trial is stumbling

A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built is still dense jungle. Angela Johnston reports.

Dollar hits fresh peak against yen on bets for aggressive Fed

The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S. economic data reinforced the view that the Federal Reserve will continue aggressive policy tightening.

State securities regulators seek more transparency in Celsius crypto bankruptcy

State securities regulators from Texas, Vermont and Wisconsin on Wednesday pushed for greater transparency in the bankruptcy of cryptocurrency lender Celsius Network LLC, joining the U.S. Department of Justice's call for a court-appointed examiner to ensure t…

Yen freefall

A look at the day ahead in U.S. and global markets from Mike Dolan.

US stocks trade mixed ahead of Fed's economic report while investors eye more big rate hikes

A Wednesday Wall Street Journal article suggested that another 75-basis-point rate hike could hit in September.

'Big Short' investor Michael Burry says the epic market crash he predicted is in full swing

Burry, who repeatedly sounded the alarm on the boom in speculative assets, checked off his forecast of the bubble bursting as another correct call.

US stocks jump as signs of weaker growth and slower inflation offer hope for a less hawkish Fed

Fed Vice Chair Lael Brainard said policymakers will fight inflation "for as long as it takes" but also noted "risks associated with overtightening."

What The Ethereum Merge Is And Why It Matters

The long-delayed Ethereum Merge is scheduled for next week. If all goes to plan, it will lower ethereum's carbon footprint by over 99%.

From ‘Adorkable’ to ‘Yeet’: 30 Words Merriam-Webster Just Added to the Dictionary

What does ‘yeet’ mean, anyway? Merriam-Webster now has a formal answer.

Authorities Shut Down WT1SHOP Site for Selling Stolen Credentials and Credit Cards

An international law enforcement operation has resulted in the dismantling of WT1SHOP, an online criminal marketplace that specialized in the sales of stolen login credentials and other personal information. The seizure was orchestrated by Portuguese authorit…

Digital nomads want to replace the nation state—is there a darker side to this quest for global freedom?

A 'network state' is ideologically aligned but geographically decentralized. The people are spread around the world in clusters of varying size, but their hearts are in one place.

Investor Who Made 1,700% on Mt. Gox Crash Circles Crypto Again

In 2017, Thomas Braziel didn’t have much of an interest in Bitcoin. But as an investor in obscure distressed assets, his sport, as he called it, was bankruptcies — and there was nothing quite as enticing as the collapse of crypto exchange Mt. Gox.