Bitcoin exchange Kraken considers going public after record trading volumes in the first quarter

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Cryptocurrency exchange Kraken is considering going public through a direct listing in 2022, after seeing record trading volumes and new clients amid a surge in the price of … Read more

Bitcoin may be ‘very, very close’ to an intermediate-term top, strategist says

Bitcoin’s breakout might be short-lived, according to one strategist. The cryptocurrency gained nearly 2% on Tuesday, helped in part by PayPal rolling out crypto-friendly online checkout services at millions of its global partners. “I think most of these things are very gimmicky right now,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, … Read more

Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds

A view of the Morgan Stanley offices in Canary Wharf, London, U.K. iStock Editorial | Getty Images Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. The investment bank, a giant in the wealth management with $4 trillion in client assets, told … Read more

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin … Read more

Bitcoin tanks 10% after Elon Musk says prices seem high

Bitcoin soared on Tuesday to an all-time high reaching the $50,000 milestone at $50.602. Alain Pitton | NurPhoto | Getty Images Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices “seem high.” The world’s most valuable cryptocurrency sank over 10% to a price of $51,993 Monday morning, according to data from Coin … Read more

Bitcoin smashes through $51,000 to hit a new all-time high

Igor Golovniov | LightRocket | Getty Images Bitcoin continued to climb Wednesday, surging above the $51,000 level for the first time. The red-hot cryptocurrency hit a fresh record price of $51,715 at around 4:50 a.m. ET, according to data from Coin Metrics. It was last trading over 5% higher at $51,222. Bitcoin was created in … Read more

BNY Mellon to offer bitcoin services, a validation of crypto from a key bank in the financial system

The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for … Read more

Tweets from Elon Musk and celebrities send dogecoin to a record high

A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images LONDON — Dogecoin is surging after billionaire Elon Musk and a number of celebrities appeared to back the cryptocurrency on Twitter. The meme-inspired token rallied 65% in 24 hours to a record high of $0.083745 at 5:30 p.m. ET on Sunday, according … Read more

Bitcoin’s wild ride renews worries about its massive carbon footprint

Cryptocurrency mining rigs at a crypto mining farm in Romania. Akos Stiller | Bloomberg via Getty Images LONDON — Bitcoin’s price isn’t the only thing surging lately — the amount of electricity it consumes is also on the rise. The cryptocurrency has for years alarmed experts due to the sheer level of energy required by … Read more