Cryptocurrency
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Investors in angony as FTX suspends addition of new clients, withdrawals
FTX on Thursday suspended onboarding of new clients as well as withdrawals until further notice as hopes of a rescue for the cryptocurrency exchange fade after rival Binance walked away from a deal t…
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Binance to acquire FTX to cover liquidity crunch
Binance Chief Executive Changpeng Zhao said on Tuesday the company had signed a non-binding agreement to buy rival FTX’s unit, FTX.com, to help cover a “liquidity crunch” at the cryptocurrency exchan…
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U.S. lays claim to $1 billion in bitcoin stolen from Silk Road
The United States is seeking a forfeiture order for more than $1 billion in Bitcoin that was stolen from the Silk Road online marketplace in 2012, federal prosecutors in Manhattan said on Monday. In …
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Dogecoin overtakes Cardano as 6th largest Cryptocurrency
DOGE’s market cap currently exceeds that of Cardano and more than 120 members of the S&P 500. Lately Dogecoin (DOGE) has been behaving more like a greyhound and less like the Shiba Inu that represent…
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South African regulators insist crypto platforms must be licensed in 2023 – regulator
Cryptocurrency financial companies in South Africa will need to apply for a licence between June 1 and Nov. 20, 2023, in order to operate legally, the country’s financial conduct regulator said on Th…
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Bitcoin fell on Monday as helpless investors look ahead to inflation data
Bitcoin on Monday fell to its lowest level in over a week as investors continued to digest strong jobs data from Friday that pushed risk assets including cryptocurrencies even deeper into the red. Th…
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Binance-linked blockchain struck by $570m crypto hack
A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sect…
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UK watchdog dismisses criticisms over crypto authorisations
Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday. The FCA has been c…
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Bitcoin bounces above $20,000 for first time in about a week
Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade. The biggest cryptocurrency by market va…
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Bitcoin tumbles below $19,000 as cryptos creak under rate hike risk
Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world. Bitcoin , the biggest cryp…