While cryptocurrencies have become popular as an asset class, its status as a safe haven has come into question after the recent market mayhem
The sell-off erased gains from earlier in the session, when optimism fueled by Republican presidential candidate Donald Trump's pro-crypto speech lifted stocks.
Several other cryptocurrencies were also trading in the red. The second-most valued digital asset Ethereum was trading at $3,308.98, lower by 3.13 percent, while Tether was flat at $1
Genesis is paying customers back in crypto where possible, but it does not have enough cryptocurrency to give back everything it owes.
In a statement, the CFTC said Kucoin had solicited and accepted orders for commodity futures, swaps and other commodity transactions without registering with the commission.
The launch of Bitcoin ETF in the US earlier this year has attracted institutional investors and new fund flows, Teng said at an event in Bangkok on Sunday, adding “we’re just getting started.”
The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.
Retail clients already have access to spot-bitcoin ETFs through US stock investing companies but Mudrex will be the first to facilitate this for institutions, CEO Edul Patel says
The London Stock Exchange said in a separate statement on Monday that it would accept applications for the admission of bitcoin and ether ETNs from the second quarter of this year.
The token Shiba Inu was considered the most popular in the last bull market, while Dogecoin is viewed as the original memecoin by many in the industry.
The glitch came as Bitcoin inches toward its all-time record high of nearly $69,000. Bitcoin rose as much as 7.5% Monday, hovering near $67,000.
The price of Bitcoin was at its highest in November 2021, at $68,789. To breach the mark this year, the digital asset's value is required to increase by around $20,000 apiece.
According to WazirX, the average turnaround time to respond to information requests from regulators and other government agencies was 22 minutes for the first cut response
"Under the proposals, banks would be required to disclose qualitative information on their activities related to cryptoassets and quantitative information on exposures to cryptoassets and the related capital and liquidity requirements," the Basel Committee said.
Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange’s abrupt collapse in November 2022. He has pleaded not guilty.
While the work of preparation of 'synthesis paper' is underway, India has submitted a 'Presidency Note' to the G20 membership laying down important inputs for a roadmap on crypto assets, said an official release.
The FSB has published the final recommendations requested by the G20 on supervising firms that trade cryptoassets such as bitcoin.
That's a 1.3 percent jump in 24 hours. Additionally, the asset has gained over 2 percent in the past seven days, with a 17 percent gain in the past 14 days.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
The article will provide valuable insights into earning passive income through staking and referral schemes.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.