$60 billion Earth washout not crypto’s Bear Stearns moment: regulators

 billion Earth washout not crypto’s Bear Stearns moment: regulators

WASHINGTON — It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular US dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps … Read more

Alibaba, Tencent and JD.com post slowest revenue growth on record

Alibaba, Tencent and JD.com post slowest revenue growth on record

Alibaba, whose headquarters are pictured here on May 26, said its online physical goods GMV in China, excluding unpaid orders, fell further in April, with a “low teens” declining from a year ago. Str | afp | Getty Images BEIJING — Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth … Read more

Fed’s Brainard walks the line on CBDCs

Fed’s Brainard walks the line on CBDCs

The Federal Reserve is keeping its options open when it comes to developing and issuing its own digital currency. During a nearly three-hour-long hearing on a potential US central bank digital currency, Lael Brainard, vice chair of the Fed’s Board of Governors, reiterated the stance that the Fed would prefer to pursue a digital dollar … Read more

Opinion: No tech sector appears safe from the spring swoon

Opinion: No tech sector appears safe from the spring swoon

Nvidia Corp., Nutanix Inc. and Snowflake Inc. all gave earnings forecasts that were below analysts’ expectations on Wednesday, the latest in a batch of tech companies across sectors to give warnings about changing macroeconomic conditions in the spring. Lowered forecasts have struck across tech sectors, from social-media company Snap Inc. SNAP, +4.59% to chip maker … Read more

Is Nvidia’s gaming forecast the ‘cut’ that Wall Street has been looking for?

Is Nvidia’s gaming forecast the ‘cut’ that Wall Street has been looking for?

Nvidia Corp. investors may have received the all-clear signal they have been waiting to start buying the stock again, but some on Wall Street were wondering if the signal was a clear one Thursday. Nvidia NVDA, +5.16% shares have been ripped in half from their all-time high of $333.76 in roughly the past six months, … Read more

‘Not the decoupling we wanted,’ investor says as bitcoin slumps, stocks rise.

‘Not the decoupling we wanted,’ investor says as bitcoin slumps, stocks rise.

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 monetary economy and the Federal Reserve’s tightening of its monetary policy. … Read more

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

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, or tell us what you think we … Read more

This eclipse-like event is why bitcoin could reach $100,000 by next year, says forecaster with a solid record

This eclipse-like event is why bitcoin could reach 0,000 by next year, says forecaster with a solid record

Stocks are settling in for more choppy action, investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday. But we’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who has … Read more

Sequoia coaches start-ups to cut costs or face ‘death spiral’

Sequoia coaches start-ups to cut costs or face ‘death spiral’

One of Silicon Valley’s most successful venture capital firms’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. The memo, … Read more

5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US … Read more