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Crypto currency
FTX Launches $18 Billion Dollar Legal Battle Against Binance and Former CEO Zhao
In a dramatic turn of events within the cryptocurrency sphere, collapsed digital exchange FTX has initiated legal proceedings against Binance and its former chief executive Changpeng Zhao, seeking $1.8 billion over what they claim was a…
Dollar And Bitcoin Surge As Trump Returns To White House And Global Markets React
Global financial markets experienced significant shifts today as Donald Trump secured his return to the presidency, triggering substantial gains in the US dollar, Bitcoin, and Treasury yields while sending ripples through international…
Bitcoin Surges Past £72000 As Markets Price In Trump Victory Prospects
Bitcoin has climbed to remarkable heights, reaching £72,784.40 in New York trading on Tuesday, marking a six-month peak as investors increasingly align their positions with potential US election outcomes. The cryptocurrency's movement…
The first criminal case over illegal cryptocurrency ATMs
The City regulator brought its first criminal charge against an individual who was allegedly operating a network illegal cryptocurrency ATMs.
Olumide Osunkoya has been accused by the Financial Conduct Authority for operating illegally…
Germany sells ‘Saxon Treasure’ of confiscated Bitcoin
The German government has started auctioning confiscated bitcoins worth €2.5 billion. This sale may have contributed to the recent drop in cryptocurrency value.
In January, authorities seized a digital wallet that contained nearly 50,000…
Terraform Labs pays $4.5 billion in SEC fraud case
Terraform Labs has agreed to pay the US Securities and Exchange Commission $4.47bn to settle a case that was brought by them. This makes it the latest cryptocurrency company in the US to be hit with a large penalty.
A New York jury found…
Chinese victims of fraud seek to return £3bn (£3bn) in Bitcoins seized in UK
The UK seized more than £3bn of bitcoins from China.
The group of victims of the £5bn scam perpetrated by the Chinese company Tianjin Lantian Gerui Electronic Technology sent a letter to the Foreign Ministry in Beijing this week asking…
Bitcoin falls from record highs as Grayscale ETF withdrawals reach $12bn
Bitcoin is down 16 percent from its high of last week. Investors have stopped investing in new funds, which had been driving a big rally for this year.
The largest cryptocurrency in the world, which was worth $73,800 on Thursday, fell to…
After FCA lifting ban, crypto-backed securities are now mainstream
Within weeks, institutional investors could trade mainstream crypto-backed securities in London after the Financial Conduct Authority relaxed its blanket opposition to the asset class.
The London Stock Exchange, after the FCA…
Bitcoin crosses $60,000 for the first two-year period
Bitcoin is back over $60,000 for the first two years. This comes amid renewed enthusiasm for the most popular cryptocurrency in the world.
The jump was a second sharp turn in the digital coin's value, which had fallen below $16,000 by…
Bitcoin price drops 15% after launch of ETFs
Bitcoin's value has dropped by 15 percent in the last two weeks as investors have taken advantage of the launch of the bitcoin exchange traded fund earlier this month. They are taking profits and selling their volatile cryptocurrency.…
Bitcoin volumes surge as long-awaited ETFs debut
The first US exchange-traded funds that have direct exposure to Bitcoin, the largest cryptocurrency in the world, made their long-awaited debuts on stock exchanges.
On Thursday morning, nine new ETFs and 2 conversions from another…
US regulators’ shock move on Bitcoin
US Securities regulator approved the first exchange traded funds that track bitcoin last night, a momentous event for the crypto industry and the world's biggest cryptocurrency.
The Securities and Exchange Commission has approved…
Binance to pay $4bn in settlement for US criminal investigation
The US Department of Justice wants more than $4bn to settle with Binance a criminal probe that has caught the world's largest cryptocurrency exchange, and its cofounder.
A person with knowledge of the deal said that it would end a…