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Bitcoin steadies above $25,000 as Binance SEC lawsuit rattles investorsSINGAPORE : Bitcoin stabilised above $25,000 on Tuesday after a steep dive overnight, as investors grappled with news that the U.S. securities regulator sued crypto exchange Binance, dealing a severe blow to the industry.Bitcoin, the world's largest cryptocurrency, was last at $25,797, up 0.2 per cent in
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Cryptoverse: Listless bitcoin seeks summer sparkIt's a tense time for bitcoin investors. Watch. Wait. Don't make the first move.The capricious cryptocurrency's been uncommonly quiet over the past four weeks, bound in the range of $28,452 and $25,800. Even the end of the U.S. debt ceiling saga did little to whet risk appetite.Bitcoin's volatility
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
El Salvador partnership to build $1 billion bitcoin mining farmSAN SALVADOR : A public-private partnership in El Salvador will pump $1 billion into creating one of the world's largest bitcoin mining farms, the group called Volcano Energy announced on Monday.The project will start with an initial $250 million, backed by 'key Bitcoin industry leaders' in collaboration
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US sues Binance and founder Zhao over 'web of deception'WASHINGTON - United States regulators sued Binance and its chief executive Zhao Changpeng on Monday (June 5) for allegedly operating a web of deception, piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The US Securities and Exchange Commission (SEC) complaint, filed in a federal court in Washington, listed 13...
Source: asiaonecom - 🏆 10. / 59 Read more »
Exclusive-Crypto giant Binance controlled ‘independent’ US affiliate’s bank accountsLONDON - A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show.U.S. lender Silvergate Bank authorized the executive, Gu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »