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.
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.
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.
FTX claims $415m of crypto was hacked
Sam Bankman-Fried, a collapsed cryptocurrency company, claimed $415m (£338m), was stolen from the exchange. It was estimated that around $323m was stolen from its international platform and $90m from its
As the digital coin crisis continues, Crypto.com will reduce its workforce by 20pc
Crypto.com, a trading platform, is cutting its global workforce by around 20%. This follows the recent crisis in the sector of digital assets.
Before the market crashed, dozens of traders from the London crypto hedge fund were millionaires.
Wintermute paid $83m to its UK employees in 2021, which included $22.5m to one director.
In the cryptocurrency world, nobody wants to become the ‘next FTX’
Sam Bankman-Fried, clean-shaven in a blue suit and dressed in a white shirt, listened to his lawyer pleads not guilty to the alleged “epic” fraud in New York.