LONDON, Feb 1 (Reuters) – Britain’s finance ministry said on Wednesday that turmoil in the sector and the collapse of exchange FTX indicated risks that needed to be addressed. Cryptocurrencies such as Bitcoin have little direct control globally, but regulators are closely watching the FTX collapse last year, which cost millions of investors billions of … Read more
The United States Securities and Exchange Commission (SEC) has been investigating traditional Wall Street investment advisors who may offer digital asset protection to clients without proper qualifications. On January 26, Reuters reported that “three sources with knowledge of the matter” said the SEC’s investigation had been ongoing for several months, but was accelerated after the … Read more
Image Source: Pixabay Bitcoin extended gains over the weekend ahead of the Lunar New Year holiday and the Spring Festival in Southeast Asia. The major cryptocurrency surged above $23,000 on Saturday, gaining nearly 10% from the previous day, according to CoinMarketCap data. The coin hit a local high of $23,282, a level not seen in … Read more
Compact crypto lending platform Vald gets one more term of lender protection from a Singapore court. The company must come up with a restructuring plan before February 28. On January 17, Bloomberg reported that Vald has been given more than a month to close negotiations with two digital asset fund managers to take over executive … Read more
This year the crypto market has been rocked by many crises, the weather has been a constant presence. With this in mind, many traders have lost faith in traditional CEX trading and are looking to change their strategies. Turning to alternative trading styles and products is a way to reduce risk and minimize losses. Cointelegraph’s … Read more
Source: AdobeStock/Tom Cathy Wood, CEO of the investment management firm ARK Invest, has acquired more shares of the main cryptocurrency exchange Coinbase, which has lost almost 90% of its value in the last year. The company bought roughly $5.8 million worth of COIN shares on Thursday, split between the ARK Next Generation Internet (ARKW) and … Read more
Now in the year Far from an exhaustive list, but the following were selected as a direct response to the drama we faced in 2022. Self protection In the year Shocking events of 2022 will generally guide the trends of the coming year. To catch you up to speed, when FTX collapsed in November, it … Read more
Sam Bankman-Fried. Source: Video screenshot, New York Times/YouTube Michael Lewis, author of the bestselling book The Big Short, meets Sam Bankman-Fried, the disgraced founder and former CEO of crypto exchange FTX, at his California home, where he is awaiting trial. The surprise visit, which reportedly lasted “several hours,” convinced many that the famous author may … Read more
Dublin — (Business Wire–The “Global Crypto Wallet 2022-2026” report has been added here. ResearchAndMarkets.com’s Providing. The crypto wallet market is set to grow at $686.05 million during 2022-2026, accelerating at a CAGR of 24.19% during the forecast period. The market is driven by people’s inclination towards digital currency, increasing demand for cryptocurrencies globally, and usage … Read more
As major cryptocurrency exchanges such as FTX flounder amid high volatility, nearly 90 percent of cryptocurrencies have low trading volume, while 2 percent of crypto coins have healthy liquidity, a new study has found. There are only 153 major crypto coins traded on multiple exchanges. In contrast, according to a report compiled by Bitstacker, there … Read more