Latest Crypto News

Tuesday's a big day — the entire U.S. House of Representatives and about a third of the Senate is up for grabs in the midterms.

On today's CoinMarketRecap with Connor Sephton, we'll find out why the crypto markets have suffered a painful pullback overnight.

As euphoria surrounding Elon Musk's acquisition of Twitter begins to fade, DOGE has also plunged by 30% on a seven-day timeframe.

The stash was recovered back in November 2021 — days after the world's biggest cryptocurrency hit a new all-time high — and was worth $3.36 billion at the time.

A flurry of speculation has hit FTT hard — and it has fallen by 14.5% over the past seven days. It's the worst-performing cryptocurrency in the top 30 by market cap.

Musk might actually find his acquisition of Twitter goes far better if he focuses less on posting and more on getting his $44 billion purchase into the shape he wants it.

Also today, new data shows how MicroStrategy would have performed if it invested in Ether instead of Bitcoin.

The most recent figures suggest that the tech giant — which owns Facebook, Instagram and WhatsApp — has more than 87,000 employees.

Late on Friday, Musk tweeted: "Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4 million per day."

Ether has a strong track record of outperforming Bitcoin. In 2021, ETH surged by a whopping 399.2% — five times more than BTC's still-impressive rise of 59.8%.

If Twitter is unusable for what crypto people love it for — tweeting hot takes, reading the news, and arguing about market trends — Web3 has a chance to swoop in.

On today's CoinMarketRecap with Connor Sephton, Bitcoin surges as Dogecoin struggles.

Bitcoin has risen by 4.4% over the past 24 hours at the time of writing. Ether's an even bigger winner — up 6.85% — while Binance Coin has risen 8.5%.

Reports suggest up to 3,700 — about 50% of staff — could end up being given their marching orders.

Bitcoiners are accusing the financial institution of clamping down on crypto because it "threatens" its business model.

Coinbase suffered a loss of $544 million in the third quarter of 2022 — compared with bumper profits of $406 million a year ago.

Plus — Binance's CEO gave a news conference at the WebSummit in Lisbon yesterday — and inevitably, talk turned to Elon Musk's Twitter takeover. We're there with the latest.

Also today, does CZ think that central bank digital currencies are going to pose a threat to the crypto space?