Cryptocurrency
Bitcoin just had its worst month on record
Bitcoin just finished its worst month on record, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the crypto market, in […]
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EU agrees on landmark regulation to clean up crypto ‘Wild West’
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers […]
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Bitcoin falls below $19,000 again as pressure mounts on crypto firms
Bitcoin price remained under pressure in June as a number of factors including rising rates and a liquidity crisis in the crypto industry weighed on the world’s biggest cryptocurrency. Westend61 | Westend61 | Getty Images Bitcoin on Thursday fell below $19,000 as the world’s largest digital currency remains under pressure from macroeconomic worries and a […]
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FBI adds ‘Cryptoqueen’ to Ten Most Wanted Fugitives List after alleged $4 billion OneCoin fraud
The Federal Bureau of Investigation seal is seen at FBI headquarters. Yuri Gripas | Reuters WASHINGTON — The FBI on Thursday added Dr. Ruja Ignatova, the self-proclaimed ‘Cryptoqueen,’ to its list of Ten Most Wanted fugitives, and is offering a $100,000 reward for information leading to her arrest. Ignatova, the founder of a cryptocurrency called OneCoin that […]
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Bitcoin on track for its worst quarter in more than a decade
Bitcoin is on track to post its worst quarterly loss in more than a decade. The world’s largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading at around $18,000 on […]
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North Korea is likely culprit behind $100 million crypto heist, researchers say
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, a […]
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Coinbase seeks licenses in Europe as it looks to ramp up growth outside the U.S.
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the U.K., Ireland and Germany, but wants to […]
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Grayscale sues SEC after rejection of bid to turn the largest bitcoin fund into an ETF
The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the U.S. Securities and Exchange Commission after regulators turned down […]
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Crypto exchange CoinFlex probably won’t resume withdrawals Thursday as planned, says CEO
Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images Embattled cryptocurrency exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as it originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” […]
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Crypto exchange CoinFlex claims ‘Bitcoin Jesus’ is the investor behind $47 million debt
Roger Ver, chief executive officer of Bitcoin.com. Anthony Kwan | Bloomberg | Getty Images Digital asset exchange CoinFlex is locked in a public battle with long-time cryptocurrency investor Roger Ver over a $47 million debt, reflecting the latest saga to unfold amid the market crash. On Tuesday, CoinFlex CEO Mark Lamb named Roger Ver, who […]
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