Page 24 - Cryptocurrency

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

Crypto wrap: Market in the green ahead of US Fed announcement next month

The US Federal Reserve is expected to meet on May 2 and 3 to decide on further rate hikes

Crypto exchange CoinDCX releases proof of reserve for January-March 2023

As of March 24, 2023, CoinDCX has reserves of 199.4 million tether (USDT) against the liabilities in 198.5 million tether (USDT)

Bitcoin extends recent bout of volatility in climb back toward $30,000

The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York

Bitcoin begins to test inflection point while momentum slows: Report

The largest digital currency is trading around its 50-day moving average, with Paul Hickey of Bespoke Investment Group noting that the level to watch is $27,500

Bitcoin could hit $100,000 by end-2024, says Standard Chartered

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle

SVB still seeing outflows after first citizens takeover, FT says

First Citizens' stock has risen more than 77% since the takeover, with its price hitting a record last week