The founder of the now-defunct cryptocurrency exchange, FTX, Sam Bankman-Fried, was incarcerated after his $250m (£197m) bail was rescinded due to accusations of witness tampering.
The cryptocurrency markets, Bitcoin and Ethereum, positive week with a net gain
Over the past 24 hours, Bitcoin (BTC) volumes have surged to a five-week high, contributing to a strong Thursday trading session that resulted in the BTC/USDT pair closing at 3.7%
Bitcoin surpassed the US$30,000 mark this morning
Bitcoin surpassed the crucial US$30,000 mark this morning, resulting in short liquidations reaching US$50 million and creating the possibility for the price to move above 31k if the bulls remain
The world’s largest cryptocurrency exchange is facing the threat of a ban by US regulator
Binance, the world’s largest cryptocurrency exchange, faces a potential US trading ban for allegedly facilitating accounts associated with Hamas and Russian criminals.
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.
Trader’s Café With Zak Mir: The Week In Small Caps, Sunday 12th March 2023
Last week I alluded to the way that the best stock market adage is to buy in November and sell at the end of February.
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.
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.