Cryptocurrency news

Another Body Blow to Crypto as Silvergate Hits Trouble

Another Body Blow to Crypto as Silvergate Hits Trouble

23
Cryptocurrency news
05.03.2023

Silvergate Capital Corp., a traditional bank that positioned itself as a key settlement firm in the crypto world, announced last week it was discontinuing its crypto payments network. The firm, which combines fiat money services with digital-asset se...

Crypto Scammers Use AI Craze to Deceive Investors

Crypto Scammers Use AI Craze to Deceive Investors

18
Cryptocurrency news
23.02.2023

Scammers are taking advantage of the recent craze surrounding artificial intelligence (AI) chatbots by launching and selling fake crypto coins named after Microsoft’s chatbot ChatGPT. Blockchain analysis firm Peckshield reported that in the firs...

Tether Announces Profits Despite Crypto Winter

Tether Announces Profits Despite Crypto Winter

22
Cryptocurrency news
15.02.2023

In welcome news for crypto investors starved of positive stories, Tether Limited Inc. reported impressive final quarter earnings for 2022. The stablecoin recorded a $700 million net profit.The company had promised to rid itself of all commercial pape...

Crypto Exchange Kraken Accepts $30 million Censure from SEC

Crypto Exchange Kraken Accepts $30 million Censure from SEC

18
Cryptocurrency news
12.02.2023

Major crypto exchange Kraken has agreed to close its US cryptocurrency staking division and pay a $30 million fine to the Securities and Exchange Commission (SEC), which lodged enforcement action against the firm, saying it was selling unregistered s...

Bitcoin Creeps Above $23,000 afterPowell Says Inflation Is Cooling

Bitcoin Creeps Above $23,000 afterPowell Says Inflation Is Cooling

18
Cryptocurrency news
07.02.2023

Bitcoin edged above $23,000 after Federal Reserve Chair Jerome Powell, speaking at an economics forum, said that inflation was lowering.The world’s biggest cryptocurrency climbed 1% to $23,236.80 while Ethereum rose 1.3% to $1,667.63. Bitcoin had bee...

Bitcoin Drops as The Fed Winds Up Another Interest Rate Hike

Bitcoin Drops as The Fed Winds Up Another Interest Rate Hike

23
Cryptocurrency news
31.01.2023

Crypto markets were wobbling as the Federal Reserve's two-day policy meeting started on Tuesday. Bitcoin suffered its biggest single-day percentage fall in more than two months, sliding 4.5% to trade at around $22,600. Investors are keenly watch...

Bitcoin Gains Unlikely to Sway Investors Seeking Safety

Bitcoin Gains Unlikely to Sway Investors Seeking Safety

21
Cryptocurrency news
25.01.2023

Bitcoin, the world’s largest cryptocurrency, continued its recent climb as opportunistic investors continued to bet that the Federal Reserve will ease its pace of interest rate increases or stop them altogether.The price of the digital currency rose...

SEC Charges Crypto Firms with Selling Unregistered Securities

SEC Charges Crypto Firms with Selling Unregistered Securities

27
Cryptocurrency news
12.01.2023

In a sign of increasing scrutiny of the crypto market, the US Securities and Exchange Commission (SEC) this week charged two prominent crypto firms, Genesis Global Capital and Gemini, for selling unregistered securities to investors through Gemini's...

Crypto's Terrible Year Continues with Yet Another Closure

Crypto's Terrible Year Continues with Yet Another Closure

30
Cryptocurrency news
29.12.2022

Major cryptocurrency exchange Kraken announced it will close its operations in Japan and deregister from the country's main financial regulator at the end of January 2023. The company is one of the world's biggest crypto exchanges, with trading volum...

Binance Withdrawals Surge to $3 Billion In a Day

Binance Withdrawals Surge to $3 Billion In a Day

47
Cryptocurrency news
13.12.2022

Nervous crypto investors withdrew as much as $3 billion from Binance on Tuesday, as reported by blockchain analytics firm Nansen.The world’s biggest cryptocurrency exchange, confronted by investor jitters amid a stream of negative headlines about the...

SEC Tells Firms to Update Crypto Disclosures

SEC Tells Firms to Update Crypto Disclosures

58
Cryptocurrency news
08.12.2022

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 rece...

Binance Sees Surge in Trading Activity after FTX Implosion

Binance Sees Surge in Trading Activity after FTX Implosion

44
Cryptocurrency news
06.12.2022

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 liquidit...

Major Crypto Lender BlockFi Files for Bankruptcy

Major Crypto Lender BlockFi Files for Bankruptcy

48
Cryptocurrency news
28.11.2022

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...

Will Crypto Collapse?

Will Crypto Collapse?

52
Cryptocurrency news
24.11.2022

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 year ago. When high-profile playe...

Bitcoin Falls to New Lows as Genesis Downplays Financial Trouble

Bitcoin Falls to New Lows as Genesis Downplays Financial Trouble

50
Cryptocurrency news
22.11.2022

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 bitcointumbl...