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SEC Tells Firms to Update Crypto Disclosures
2 years ago
Cryptocurrency News
The US Securities and Exchange Commission (SEC) is sending a letter to public companies requesting them to take a serious look at their disclosure obligations. Specifically, the SEC wants firms in the crypto ecosystem to tell their clientele how recent ...
Binance Sees Surge in Trading Activity after FTX Implosion
2 years ago
Cryptocurrency News
The world’s largest cryptocurrency exchange, Binance Holdings Ltd., has seen a big boost in trading activity after rival FTX collapsed in November.Trading activity on Binance leapt by 30% last month, first picking up when FTX squared up to a liquidity ...
Major Crypto Lender BlockFi Files for Bankruptcy
2 years ago
Cryptocurrency News
It is the type of development crypto insiders were hoping would not happen with crypto in so much trouble. Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates.It is the latest crypto casualty to ...
Will Crypto Collapse?
2 years ago
Cryptocurrency News
The fall of crypto exchange FTX has led some people to wonder what it would take for the whole industry to collapse. The total market cap of cryptocurrencies is currently $820 billion. That is 70% below the peak of a ...
Will Crypto Collapse?
2 years ago
Cryptocurrency News
The fall of crypto exchange FTX has led some people to wonder what it would take for the whole industry to collapse. The total market cap of cryptocurrencies is currently $820 billion. That is 70% below the peak of a ...
Bitcoin Falls to New Lows as Genesis Downplays Financial Trouble
2 years ago
Cryptocurrency News
Bitcoin briefly slid to its lowest level in two years this week after rumors that Genesis, the prominent digital-asset brokerage and lender, could be forced to file for bankruptcy if its ongoingcapital-raising efforts failed.The price of bitcointumbled to $15,615 on ...
Crypto Crash and Gold Sell-off Come Together as Unwelcome Pair
2 years ago
Cryptocurrency News
Investors are finding reasons to stay away from both the volatile crypto space and the normally safe-haven investment that is gold. The price of Bitcoin is currently hovering at around $16,500, down from $20,000 just a week ago as the ...
Binance Plans to Acquire Rival FTX as Crypto Industry Struggles
2 years ago
Cryptocurrency News
Crypto giant Binance has signed a non-binding agreement to buy its major rival, US-based FTX.com. The latter-mentioned cryptocurrency exchange had been undergoing a dangerous liquidity crunch that placed its clients’ funds at risk.Binance, the world's largest crypto exchange, is conducting ...
Robinhood Cuts Almost a Quarter of Its Workforce
2 years ago
Cryptocurrency News
Just a few months after laying off 9% of its staff members, once high-flying crypto firm Robinhood on Tuesday announced plans to cut another 23%. The latest cuts, which will affect almost 800 employees, continues the fall from grace of ...
Crypto Stirring Back to Life but Still Volatile
2 years ago
Cryptocurrency News
Cryptocurrencies have suffered a tough year, with all segments of the industry shedding significant value. Bitcoin, the world's biggest crypto, making up about 42% of the total market, lost more than half its value in 2022 and is now hovering ...
US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto
2 years ago
Cryptocurrency News
The US Treasury has asked President Biden to work with international allies on regulating cryptocurrencies. In a memorandum to the president, the US Treasury called upon the Biden administration to develop global standards for digital payments and central bank digital ...
Bitcoin Faces Worst Quarterly Fall in a Decade
2 years ago
Cryptocurrency News
Bitcoin is set for its worst quarter since the end of 2011, as more central banks tighten money supply and crypto firms fall like dominoes. A quarterly drop of 58% represents the largest fall in value since Bitcoin was in ...
Bitcoin Plunges Below $20,000
2 years ago
Cryptocurrency News
Bitcoin plummeted below $20,000 for the first time since December 2020. Ether dropped to $1,000 and fell almost 11% to $975.24, its lowest level since January 2021. The two bellwethers of crypto are both roughly 70% lower than all-time highs ...
Crypto Players Welcome New Bill to Regulate the Industry
2 years ago
Cryptocurrency News
The crypto industry in the US welcomed new bipartisan legislation introduced to regulate it. The bill was tabled by Senators Cynthia Lummis and Kirsten Gillibrand and represents the first concrete step toward finally regulating the sector. Analysts recognize that the ...
Bitcoin Tumbles Back Below $30,000
2 years ago
Cryptocurrency News
Bitcoin tumbled back under $30,000 to its lowest price in a week, as another short surge of upward momentum lost steam amid market caution. Although the world’s largest cryptocurrency showed promising signs last week, rising to over $31,400 at one ...
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