Page 27 - Cryptocurrency

Bitcoin hits six-week high as financial titans step up crypto initiatives

The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano

Fortnite's collab with Nike's NFT platform won't involve in-game NFTs

Video game company Fortnite collaborated with Nike's NFT platform, .Swoosh. The alliance doesn't integrate NFTs but involves crypto elements.

New crypto exchange backed by Citadel Securities, Fidelity goes live

A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it's gone live, a move that could reshape the digital-asset landscape

Polygon-backed Davos Protocol raises Rs 10 crore in TVL in two months

The decentralized stablecoin claims to differentiate itself through transparency and decentralization, backed by various crypto assets managed on-chain

Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low

Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements

CoinEx accepts New York ban, to pay $1.8 million to resolve lawsuit

The payment includes $1.17 million of refunds to 4,691 investors, which may be reduced if they withdraw crypto assets during a specified 90-day period, plus a $626,000 fine

Binance launches AMP Summer Internship to develop talent in blockchain tech

Binance will provide the interns the opportunity to interact with company executives and managers along with other professionals in the industry

Settle with Binance over asset freeze to allow ops, judge urges US SEC

The judge also expressed skepticism about the SEC's use of its enforcement powers to regulate the crypto industry, calling it "inefficient and cumbersome"

Hackers impersonate crypto news journalists, steal $3 mn from 1,932 victims

A hacking group called 'Pink Drainer' has been impersonating journalists in phishing attacks in order to compromise Discord and Twitter accounts and steal cryptocurrency

US securities watchdog declares all-out war against crypto, files 130 cases

Two lawsuits filed this week by the US market regulator -- the Securities and Exchange Commission (SEC) -- could potentially determine the future of cryptocurrency

All about Zhao: From flipping burgers to landing in SEC's frying pan

Changpeng Zhao, founder of Binance known by his initials CZ, has no intention to give in

As SEC-Coinbase fight begins, it'll be Grewal vs Grewal in the courthouse

Indian-origin Paul Singh Grewal, an attorney working as chief legal officer at crypto exchange Coinbase which is in the thick of controversy

RBI averse to crypto but is all set to float CBDC; FinMin weighs options

The Reserve Bank of India (RBI) has made no bones about it being averse to crypto currency, ever since it emerged on the horizon in the country a few years ago

Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase

Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday

Binance used two American banks to move billions of dollars, says SEC

In court filings, the SEC accountant, Sachin Verma, detailed a tangle of transactions that companies associated with the giant cryptocurrency exchange had made through two banks

Coinbase execs defend platform against lawsuit, call for clear crypto rules

Coinbase has been pushing the SEC to formulate new crypto-specific regulations since last year and in April asked the US Court of Appeals for the Third Circuit to compel the regulator to respond

US SEC sues crypto exchange Coinbase post suing Binance for not registering

A day after suing crypto exchange Binance, the US SEC on charged Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency

North Korean hackers suspected in new $35 million cryptocurrency theft

North Korean hackers were suspected behind the theft of at least USD 35 million from a cryptocurrency service, multiple crypto-tracking experts told CNN Tuesday

US SEC charges Coinbase for operating as unregistered securities exchange

The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account. Those assets are used by platforms like Coinbase Global to guarantee other transactions taking place on the blockchain. Coinbase has been critical of regulations related to staking, calling them vague. The SEC complaint also alleges that Coinbase's holding company, Coinbase Global Inc., is a control person of Coinbase and therefore is also liable for some of Coinbase's violations. Shares of Coinbase Global tumbled nearly 17% before the market open on Tuesday. The SEC, which had warned Coinbase

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