Page 22 - Cryptocurrency

Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance

In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls

Can leverage learnings from India on crypto regulations: WEF research

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said

Crypto wrap: US debt ceiling negotiations keeping market on the toes

The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday

Hackers stole about $400 mn from crypto projects in Q1 2023: Report

The report also looked into the possible causes of the decrease in crypto attacks

There is need for tech-driven regulations for digital assets: Report

There is a need for a principle-based standard operating procedures and a technology-driven regulatory framework for virtual digital assets, according to a report.

Crypto wrap: High fluctuation in market due to US debt ceiling crisis

Bitcoin options expiry on Friday is crucial for Bitcoin's price, given concerns about regulations and the US debt ceiling, experts said

Even after FTX's collapse, most influential crypto cos follow own rules

The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale

South Korea's crypto exchanges Upbit, Bithumb raided in crypto scandal

Prosecutors raided two of South Korea's local crypto exchanges as part of an investigation into snowballing suspicions surrounding opposition lawmaker Kim Nam-kuk's digital assets, officials said

Mudrex expands its footprint outside India, launches its platform in Italy

Mudrex CEO Edul Patel said the main reason they chose the EU was that there was more regulatory clarity there as compared to the other regions

After ChatGPT, Sam Altman looks to disrupt crypto world through Worldcoin

Altman is close to securing $100 million in funding for his crypto project Worldcoin

Bitcoin sinks to lowest since March after falling for a second straight day

The largest digital asset fell as much as 3.2% on Friday to around $26,100, and is staring down its first back-to-back weekly losses since March

Crypto wrap: Market in the red, total m-cap falls to $1.1 trillion

During the week, the prices of crypto tokens dropped sharply after news broke of the US government selling 9.8K BTC worth $277 million

Goldman, Microsoft, Cboe and others team up to launch blockchain network

Participants in the Canton Network, which will start testing some features in July, say the system offers better privacy and controls than currently available

Crypto exchange Bittrex files for bankruptcy, no impact on global business

Bittrex denied the SEC's allegations, saying the crypto assets on its platform were not securities or investment contracts

Bitcoin based-memecoin 'PePe' surge seen driving Binance anxiety

Cold wallets aren't connected to the internet, unlike hot ones, and are often viewed as a more secure way of storing digital currency

Chinese users of Binance, FTX show holes in Beijing's cryptocurrency ban

These glimpses of their trading activity support suspicions that some of China's 1.4 billion people flout the prohibition Beijing imposed in September 2021

Bitcoin perpetuals becoming an even bigger driver of digital token's price

The perpetual contract was first introduced by crypto exchange BitMEX in 2016. Exchanges use the so-called funding rate - or the cost to trade

Bitcoin trading volume tanks massively by 58% to $492.9 billion in April

Bitcoin trading volume sank by almost $700 billion in April, historically seen as one of the strongest months for Bitcoin and other cryptocurrencies, bringing the biggest average monthly returns

Bitcoin's monthly streak brings $100,000 into view if history is right

Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021