Page 3 - Cryptocurrencies

Bitcoin falls heavily as Israel strikes Iran, slides below $60,000

Israel launched an attack on Iranian soil on Friday, sources said, days after Iran launched a drone strike on Israel

Bitcoin briefly drops below $60,000 ahead of halving software adjustment

The original digital asset fell as much as 5% to $59,888, before paring the decline. Bitcoin has dropped by about 18% since it reached a record $73,797 on March 14

US and UK probe $20 billion of crypto transfers to Russian exchange

The Biden administration has been attempting to squeeze crypto exchanges like Garantex since the early days of the war

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David. US District Judge Lewis A. Kaplan imposed the sentence in the same Manhattan courtroom where, four months ago, Bankman-Fried testified that his intention had been to revolutionize the emerging cryptocurrency market with his innovative and altruistic ideas, not to steal. Kaplan said the sentence reflected that there is a risk that this man will be in position to do something very bad in the future. And it's not a trivial risk at all. He added that it was for the purpose of disabling him to th

Ex-crypto mogul Sam Bankman may go to jail for defrauding FTX investors

Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced on Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David. A jury found that Bankman-Fried illegally used money from FTX depositors to cover his expenses, which included purchasing luxury properties in the Caribbean, alleged bribes to Chinese officials and private planes. Prosecutors recommended a prison sentence of 40 to 50 years. The defendant victimised tens of thousands of people and companies, across several continents, over a period of multiple years. He stole money from customers who entrusted it to him; h

Explainer: What are meme coins and should you add them in your portfolio?

Started as a humorous, satirical take on the internet and often lacking in any real underlying value, these coins have gained significant popularity

Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges

The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program

Bitcoin above $71,000 as demand frenzy intensifies, hits new record high

Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after

He should get 6 years in jail, pay back nothing: Sam Bankman's lawyer

Attorneys for the 31-year-old former crypto mogul made their recommendation to US District Judge Lewis A. Kaplan in a 98-page memo late Tuesday ahead of his March 28 sentencing

Bitcoin tops $57,000 for 1st time in over 2 years, Ethereum crosses $3,200

Since the start of 2024, Bitcoin has gained 33 per cent, primarily due to the high demand of its recently launched ETFs

Grayscale's Bitcoin ETF exodus reaches $7.4 bn in first 30 trading days

That stands in contrast to the other nine freshly launched spot Bitcoin ETFs, all of which are sitting on net inflows since trading began

Bitcoin tops $53,000 to reach highest in more than two years: Report

It last traded at this level in December 2021, and reached an all-time high of almost $59,000 the prior month

Crypto currencies have no underlying value: RBI exec director Vasudevan

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said. The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here. Ultimately it is a call that the government has to take on how to tackle crypto currencies, the official said. Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them. In the backdrop of the action against Paytm Payments Bank and curbs imposed on some international card providers, Vasudevan said self-regulation can protect the fintech sector better. He also said that mechanisms could be looked at to highlight bad behaviour.

Bitcoin surges to $50,000 for the first time since 2021 on ETF demand

Aside from ETF inflows, sentiment toward Bitcoin is "typically positive" during the Lunar New Year holidays that are currently underway in Asia, Fundstrat Global Advisors wrote in a note

Bitcoin Surges to $50,000 for the First Time Since 2021 on ETF Demand

The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022

Crypto wrap: Euphoria around Bitcoin ETFs continues to help market rally

The price of Bitcoin has been going up as the date of next of halving, April 19, approaches

Bitcoin approaches $45,000 with US spot ETFs showing steady inflows

The largest cryptocurrency rose as much as 1.6% to $44,872 on Thursday. Bitcoin last traded above $45,000 on Jan. 12, the day after the ETFs began trading

Crypto exchange FTX abandons efforts to restart its crypto exchange

FTX has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild the FTX exchange

Crypto exchange FTX expects to repay customers in full: Bankruptcy lawyer

Restructuring advisers will need to examine all of the millions of claims that have been filed against FTX to weed out those that are not legitimate, lawyer Andrew Dietderich said

Bitcoin slips back toward $40,000 mark as ETF excitement simmers down

The world's largest virtual token declined as much as 3.4% by 7.30 a.m. in New York on Monday, hitting a low of $40,352 - just shy of its lowest point of 2024 recorded on Friday