US regulator, the Securities and Exchange Commission (SEC), has sent a Wells Notice to Coinbase Global Inc (NASDAQ: COIN), a cryptocurrency exchange listed on Nasdaq.
As traders move away from traditional banking, the price of Bitcoin has reached a nine-month high.
On Friday, Bitcoin achieved its highest level in nine months, as cryptocurrency traders moved their investments away from banks and became more receptive to quickly changing interest rate forecasts.
Bitcoin and Ethereum have failed to recover from significant losses in the cryptocurrency market.
Over the weekend, Bitcoin (BTC) failed to recover significant losses from the end of the week and instead traded within a range in the mid-US$22,000s.
Amidst a broader downturn, a crypto exchange listed a loss of €2.5bn in the previous year.
Coinbase, a crypto exchange listed on Nasdaq, has presented its latest results which depict a company deeply impacted by the crypto storm of the past year.
Hedge fund Galois shuts down after half its assets are trapped on FTX cryptocurrency exchange.
According to the Financial Times, Galois Capital, one of the largest crypto-focused quantitative funds that managed around $200mn in assets last year, has decided to close and return the remaining
Bitcoin Tops $25,000 as Crypto Looks Past Regulatory Woe’s despite crackdown
An increase in Bitcoin saw the token rise above $25,000 for the first time since August. This was amid wide gains in crypto markets, as investors shrugged off concerns about
The UK moves ahead with plans for crypto mainstream regulation
The UK government continues to push ahead with plans to include cryptocurrency in mainstream financial services regulation, even though retail investors were hurt by the collapse of several prominent digital
Bitcoin Suisse reduces jobs as crypto winter goes on
Bitcoin Suisse, a crypto trading, brokerage, and storage company has announced that it will be cutting jobs and streamlining its boardroom in the face of a slump in cryptocurrency investments.
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Here are a few reasons why investing in cryptocurrency may be a terrific option for you, regardless of your trading experience!
JP Morgan chief says Bitcoin is a “hyped up fraud”
Jamie Dimon, the billionaire chairman of JP Morgan has called Bitcoin a fraudulent scheme and the equivalent of a pet rock as financial chiefs are turning against digital currencies.
Breaking: Crypto lender Genesis files for bankruptcy
Genesis, a cryptocurrency lender, has filed for bankruptcy. This is the latest company to go bust in the wake of the rapid collapse of the FTX exchange.