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May was the month that cryptocurrencies — the digital darlings touted from Twitter to Reddit, and by billionaires and superstars — plunged to earth.Bitcoin, the most popular of those assets, lost 19% of its value within a week, dropping to its lowest value since October 2020. Ethereum plummeted by nearly 27%, and some of the so-called stablecoins, pegged to commodities like…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business  —  The deepening chasm between the crypto evangelists and naysayers may never have been as…

Crypto exchanges are where most people buy and sell bitcoin, ether, dogecoin and other types of cryptocurrency. There are plenty of reasons why, but in its rawest and most decentralized form, cryptocurrency is relatively unfriendly to obtain and use. And because of the high degree of risk involved -- crypto markets remain largely unregulated, prices are…

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

The last couple of weeks has been extremely painful for crypto investors. Bitcoin dropped from an all-time high of $69,000 in Nov 2021 to a current low of $27,000. The crash of the Terra ecosystem only made matters worse – its native cryptocurrency, LUNA, dropped from $85 at the start of this month to an…

Bitcoin and other cryptocurrency assets are notoriously volatile, routinely suffering large drops of 50% or more. This doesn’t seem to bother the diehard believers in crypto too much, who have become used to declines of this magnitude. They simply use the declines to buy more. Even so, there are still a lot of people in…

Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterDAVOS, Switzerland, May 22 (Reuters) - India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday.Although India's…

Taipei, Taiwan – As the crypto winter deepened this month, one wealth-destroying event – the collapse of the TerraUSD (UST) and Luna coins – has brought the human cost of unstable cryptocurrency projects to the surface. UST, a so-called “algorithmic stablecoin,” plummeted over the last week as it lost its peg against the US dollar…

Bitcoin's value fell by more than half its value since its November 2021 peak, which caused the entire cryptocurrency market to collapse. Terra (LUNA) and TerraUSD (UST) both experienced such steep declines that investors may be spooked. When both cryptocurrencies were enjoying their honeymoon period a month ago, who would have thought they would face…

If you can't stand it when people talk about crypto, you're not alone. The "crypto bro" stereotype can turn people off from learning more about the technology. We tend to retreat from unfamiliar concepts, especially when they're being pushed in our faces. Loading Something is loading. You know the guy. He wears a Moncler vest,…