“Bitcoin and any cryptocurrency at this point has not really established itself as a credible institutional investment,” Minerd said Wednesday during a Bloomberg Television interview from the World Economic Forum in Davos, Switzerland. “Everything is suspect.”

Minerd said his firm bought Bitcoin at $20,000 and sold w...

on't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

Bitcoin (BTC) and ether (ETH) lost pivotal support levels in the past 24 hours amid weakening sentiment for the broader crypto market – a move that caused over $520 million in liquidations, data shows.

Ether-tracked futures lost upwards of $236 million, nearly double those of $125 million on bitcoin futures. The losses were unusual for ether, which mostly sees...

President Barack Obama knows how to rule a country — and how to make money.

Since leaving office in 2016, AfroTech has been keeping up with America’s favorite President and his subsequent money moves. Whether he’s teaching college courses, joining NBA Africa, or launching a podcast series with Spotify, Barack Obama has been working hard for the money.

In fact, Obama has been richer than he’s ever been in his life. Since leaving office, he’s grown his net worth by $70 million, and acco...

Walmart, controlled by the family, fell 11% in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts’ estimates. Soaring inflation heaped pressure on the retailing giant’s profit margins in the first quarter, testing the company’s appetite to raise prices.

Read more: Walmart Slides After Cutting Profit Forecast on Rising Costs

The f...

After buying stock in Rivian — the electric vehicle maker that promised a hotly anticipated SUV or truck version of a Tesla — at $72 a share, San Francisco tech program manager Carter Gibson wasn’t thrilled when the price dropped to an all-time low of $19.25 this past week.

A Wall Street darling, backed by Ford and Amazon, the latter of which placed an order for 100,000 electric delivery trucks, Rivian Automotive Inc. had the biggest IPO of 2021. The company was valued at more than Gener...

WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession.

The Fed's increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs for consumers and businesses, including for mortgages, auto loans and credit cards.

“What we need to see is inflation comi...

Crypto investors no longer know where to turn.

Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catch pneumonia.

This has persisted this year due to fears of recession. That concern in turn has been fueled by inflation, which is at its highest in 40 years, and by the continuing disruption of supply chains, most recently made worse as covid-19 resurged in China.

Investors have been liquidating asset...

Coinbase on Tuesday warned it could absorb its users' crypto as property in the unlikely event of bankruptcy.

The acknowledgment put some crypto-watchers in a tizzy as it appeared to go against a core tenet of the decentralized finance movement: giving people complete control and ownership of their ...

The billionaire disclosed an offer on April 14 to buy Twitter for $54.20 a share and take it public. Initially there was some skepticism over where the world’s richest person would come up with the cash equity to fund the ...

Karen Thomas, CFA

Freelance Contributor

Netflix shined during the pandemic. When stay-at-home orders prevented folks from going out, the company posted blockbuster subscription and revenue growth. The stock became a pandemic darl...

Researchers found traces of Xinjiang cotton in T-shirts and shirts made by Adidas, Puma, and Hugo Boss. The move appears to contradict German clothing brands’ promise of revising supply chains following the allegations of forced labor in China.

Connection: Human rights violations and clothing brands

Cotton from the region of Xinjiang contributes to over 80 percent of China‘s cotton production. Additionally, it amounts to almost a fifth of the world’s production. However several reports re...

Although a 1% depeg from $1 isn’t unusual for stablecoins when markets are under pressure, in the case of UST, it’s been more than 16 hours.

Terra’s native token, LUNA, since yesterday has plummeted about 10% to $65.80 on fears that Terra’s stablecoin UST, propped up mainly by LUNA, may lose its peg.

Stablecoins are cryptocurrencies pegged to fiat currencies such as the U.S. dollar on a 1:1 basis. Depegging refers to stablecoins going above $1 or, more commonly, below $1.

UST fell as low...

Bitcoin began sliding amid hawkish comments from the U.S. Federal Reserve on Wednesday, which also brought down traditional markets

Bitcoin fell below $35,000 on Sunday morning after declining almost 4% over the past 24 hours and nearly 9% over the last seven days. The market cap of the largest cryptocurrency tumbled to $658 billion, according to CoinMarketCap data. On March 28, that figure stood at more than $900 billion.

The downward pressure began after the Federal Reserve announced it would...

Iconic fashion brand Gucci will begin accepting cryptocurrency in some of its U.S. locations later this month, with plans to roll out the program to other North American stores this summer.

According to Vogue Business, in-store payments will be made using a QR code that customers can scan with their crypto wallet, sent by Gucci via email. The stores will accept various digital currencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu.

The first locations to accept...

Italian luxury brand Gucci is going to start allowing customers to pay using a range of cryptocurrencies. The brand is joining several other firms that are opening themselves to virtual currency. The service will be rolled out later this month at flagship stores including Wooster Street in NYC and Rodeo Drive in LA. Cryptocurrencies including Bitcoin, Litecoin, and Ethereum will ...

The real estate investment platform Arrived Homes had its latest batch of rental properties scheduled to be released at 11:00 AM EDT today, but the rush of new investors eager to buy shares of the new properties caused the website to crash just minutes after the launch.

The company launched 13 new properties, ...

Kevin Hart may be ready to conquer a new industry.

According to a press release, the entertainer and businessman teamed up with tequila producer Juan Domingo Beckmann to launch a new tequila brand, Gran Coramino™.

The pair merged Beckmann’s knowledge of the tequila industry with Hart’s drive to produce top-quality tequila in hopes of creating community.  Now, the entrepreneurial venture, which was two years in the making, has led to a “perfectly smooth and uniquely balanced Reposado Cri...

Rick Ross has some questions for crypto-millionaires.

“That’s the thing about Rick Ross — that’s the thing about the bawse,” he said in a recent Instagram story. “The metaverse. Crypto. Y’all gettin’ so much money, where you at? Where you at? Show us! And I don’t mean ‘I’m tryna get money.’ Yo, man, I got a lot of money … But show us. Show my homies what the metaverse [is] about. Y’all big boy crypto dudes! … All that fake rich money, where it’s at?”

Check out ...