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Wall Street, Main Street firms embraced bitcoin. Now it's crashing. Stephen Gandel © Bloomberg Bitcoin Mining Comes to the Arctic Circle This month's trillion-dollar plunge in cryptocurrencies now has a name: the Great Unwind. That's how Mark Cuban labeled the slide that saw the value of bitcoin sink more than 50% in a matter of weeks.  The billionaire entrepreneur largely attributes the rout to investors borrowing heavily — a way of boosting returns by using "leverage" — to buy up bitcoin competitor ethereum and other digital currencies. Now, the price drop has force...

Wall Street and Main Street financial firms embraced bitcoin. Now it's crashing. By Stephen Gandel Tracking the wild swings of bitcoin This month's trillion-dollar plunge in cryptocurrencies now has a name: the Great Unwind. That's how Mark Cuban labeled the slide that saw the value of bitcoin sink more than 50% in a matter of weeks.  The billionaire entrepreneur largely attributes the rout to investors borrowing heavily — a way of boosting returns by using "leverage" — to buy up bitcoin competitor ethereum and other digital currencies. Now, the price drop has forced...

فلسطین میں ڈھائے جانے والے صیہونی ظلم و ستم کے خلاف مظاہرے ہورہے ہیں۔

A sudden downdraft in the price of bitcoin is casting doubts about the future of cryptocurrencies.

Wall Street & Main Street Financial Firms Embraced Bitcoin; Now It's Crashing Goldman Sachs piled back into the emerging cryptocurrency market earlier this year, when it relaunched its bitcoin trading desk after a short hiatus. Earlier this month, the Wall Street bank began offering an investment service that allows its high-net-worth clients to profit from a rise in bitcoin prices without having to own the digital currency. "It's a great time to be in the space," John Chow, an executive at cryptocurrency trading firm Cumberland DRW, which is working with Goldman on its new bitcoin investmen...