Crypto prices steadied while stocks tied to digital assets sank on ratings news and financial results. Bitcoin was trading at roughly $16,800 by 1 p.m. ET, down 0.3%, according to TradingView d...
Tag: Breaking
Genesis cuts 30% of staff in latest round of layoffs
Genesis Trading begun a new round round of layoffs, reducing its workforce by 30%, a source familiar with the matter told The Block. “As we continue to navigate unprecedented industry cha...
New York sues former Celsius CEO for fraud
New York’s attorney general filed a lawsuit against Alex Mashinsky, alleging that the former CEO of the now-bankrupt crypto lender Celsius defrauded investors. “The collapse of Celsi...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Senator who spearheaded SBF-backed crypto bill to retire
Sen. Debbie Stabenow, D-Mich., will not seek reelection in 2024. “Inspired by a new generation of leaders, I have decided to pass the torch,” she said in an announcement, with plans to se...
Silvergate shares plunge as company cuts workforce amid ‘transformational shift’
Shares in crypto-friendly bank Silvergate plunged in early morning trading after the firm released preliminary fourth-quarter results and said it cut 40% of its staff amid a “crisis of confidenc...
SEC charges eight for $45 million blockchain fraud scheme
The U.S. Securities and Exchange Commission has charged eight individuals and businesses for the alleged sale of unregistered securities via the blockchain tech firm CoinDeal. The accused are N...
Regulators say not so fast to Binance US acquisition of Voyager Digital
U.S. regulators want a judge to stop the acquisition of Voyager Digital, a crypto lender in Chapter 11 bankruptcy proceedings, by Binance.US until the company discloses more about its own finances and...
Coinbase shares jump over 12% following settlement with New York regulator
Coinbase shares soared following the exchange’s $100 million settlement with a New York state financial regulator. Coinbase shares rose 12.3% to $37.65 at 12:30 p.m. EST, according to Nasd...
Crypto asset funds saw inflows plummet 95% last year to just $433 million
Crypto asset funds clocked the worst year since 2018, with inflows plummeting 95%. Funds tracked by CoinShares netted a total of just $433 million in 2022 compared to a massive $9.1 billion in t...
Ether, altcoins higher as solana soars 14%, Coinbase gains pre-market after Tuesday’s drop
Crypto prices rose, with solana experiencing the most significant gains. Coinbase rose in pre-market trading after slumping 5% yesterday. Bitcoin was trading at $16,803 at 8 a.m. EST, up 0.6% f...
Breaking: FTX’s Sam Bankman-Fried (SBF) pleads not guilty for all charges
Sam Bankman-Fried plead not guilty to all 8 criminal counts The trial hearing will begin towards the end of this year, in the month of October His appeal to conceal the identities of the co-signers of...
U.S. regulators issue post-FTX collapse crypto warning to banks
U.S. banking regulators remain skeptical of banks holding digital assets. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. put out a jo...
Bankman-Fried pleads not guilty to criminal charges
Disgraced former FTX CEO Sam Bankman-Fried pleaded not guilty to fraud charges in a New York federal court on Tuesday. Bankman-Fried faces multiple charges, including wire fraud and campaign fin...
Is Inflation High Compared To Years Past? Breaking Down Inflation Rates By Year
| Getty Images Key Takeaways Over the past 10 years, inflation has averaged 1.88%. 2022 showed an annual inflation rate of 8%. The U.S. experienced deflation in the 1930s and high rates of inflation i...
Bitcoin dips while dogecoin drops 10% and MicroStrategy stock falls
Crypto prices fell over the past week as dogecoin led the losses. Crypto stocks traded higher for the most part, while MicroStrategy declined. Bitcoin was changing hands for $16,550 at 10 a.m. ...
Binance.US deal with Voyager may fall under federal committee review
An agreement between Binance.US and bankrupt crypto lender Voyager Digital may be subject to review by the Committee on Foreign Investment in the United States (CFIUS), court filings showed. The...
Valkyrie wants to ‘manage and sponsor’ Grayscale’s GBTC
Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund. “...
SBF tweets for first time since arrest, says he didn’t move funds
Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, tweeted for the first time since his arrest earlier this month. He said he was not responsible for funds that appear to have been mov...
Compass Mining wins $1.5 million in court ruling against hosting provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June. The company was ordered to pay a total of $1.47 million by a Delaware Court ...
Italian lawmakers approve 26% capital gains tax on crypto: CoinDesk
Italy’s Parliament has approved a 26% capital gains tax on crypto, according to a report from CoinDesk. The tax, in the works since earlier this year, will be levied on profits in excess o...
Bitcoin, ether slip with S&P 500, Nasdaq as year winds to a close; Ark buys Coinbase dip
Most cryptocurrencies slid alongside traditional markets, with Bitcoin and Ethereum both down by about 1%. The cryptocurrencies were trading at around $16,500 and $1,200 at market open. Th...
Galaxy Digital pops day after Argo mining acquisition announcement
Galaxy Digital shares rose more than 13% a day after saying it would buy Argo Blockchain’s Helios mining facility. The company will pay $65 million for the facility and will also provide a...
Turkey’s Central Bank says digital lira tests will continue in 2023
Turkey’s central bank said Thursday that it successfully carried out the first payment transactions on the Digital Turkish Lira Network as part of first-phase studies. The central bank wil...
Avalanche’s AVAX tops market cap of Solana’s Sol, Coinbase pops 8%
The market cap of Avalanche’s native AVAX token surpassed Solana’s, reaching $3.47 billion compared to Sol’s $3.43 billion. The coins were both down, with Solana showing a shar...
Bitfarm’s COO Geoffrey Morphy promoted to CEO
Bitcoin mining firm Bitfarm promoted Geoffrey Morphy to the position of CEO after Emiliano Grodzki resigned from the post. Morphy, who previously served as chief operating officer, will also rem...