Kate Rooney
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Bitcoin stumbles below $4,000 in sudden overnight drop

Bitcoin’s struggles are continuing into 2019. The world’s largest cryptocurrency dropped 6 percent on Thursday morning to a low of $3,741.91, according to industry data site CoinDesk. The sudden and sharp drop brings bitcoin’s one-year losses to more than 70…

Venture capital spending hits all-time high in 2018, eclipsing dotcom bubble record

Venture capital just had its highest spending year in history. The amount of money firms spent on private companies hit a new all-time record in 2018— well above the previous watermark from the dotcom boom. Last year, venture capital firms…

AT&T shares stumble after rivals T-Mobile, Verizon pick up new subscribers

Shares of telecom giant AT&T stumbled Wednesday after rivals T-Mobile and Verizon crushed expectations for new subscribers. Traders seem to be predicting a zero-sum game among the cable providers. Growth by competitors raises questions about whether AT&T can top expectations,…

Ripple wants a piece of the global payment system while it fights a cryptocurrency 'holy war'

Ripple is one of the most valuable private companies in Silicon Valley. But depending on who you ask, it is also potentially the most divisive. CEO Brad Garlinghouse knows this better than anyone. While Ripple looks to chip away at…

Facebook will reportedly use cryptocurrency for transferring money through WhatsApp

Facebook is reportedly working on a cryptocurrency for global payments. The social media giant plans to use a digital currency to focus on small payments in India, Bloomberg reported citing people familiar with the matter. But it’s not using bitcoin.…

When stocks are careening toward a bear market, these names tend to get hit the hardest

When the stock market is in a correction and careening toward a bear market like it is now, history shows there are certain stocks that get hit the hardest and the least during those tumultuous periods. CNBC, using data from…

Lawmakers look to change SEC's 72-year old securities definition to exclude cryptocurrencies

Congress may finally bring the cryptocurrency industry what it has been loudly calling for: Regulatory clarity. Two members of the House of Representatives are introducing a bill Thursday that would exclude digital currencies from the decades-old definition of a security.…

Blythe Masters, Wall Street's best-known blockchain cheerleader, resigns from Digital Asset Holdings

Blythe Masters, the first and most notable Wall Street banker to go blockchain, is stepping down as CEO of the technology start-up Digital Asset Holdings. Masters joined the blockchain company as CEO in 2015, bringing credibility to what at the…

Bitcoin rallies 10%, extending this week's gains after months of crypto carnage

Bitcoin is finally rallying again. After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10, according to data from CoinDesk. Wednesday’s performance brings bitcoin’s three-day gains to more than 22 percent. Other…

Bitcoin jumps 11%, rebounding above $3,400 on the one-year anniversary of its $19,000 record

Bitcoin staged a minor recovery on Monday, finally topping the $3,400 level after weeks of pain. The cryptocurrency has nosedived by more than 80 percent from the all-time high hit exactly a year ago. On December 17, 2017 bitcoin peaked…