Foreign Exchange Markets
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Bitcoin tumbles as CFTC sues Binance for allegedly violating commodity trading laws
Bitcoin tumbled Monday to a 10-day low, after the Commodity Futures Trading Commission sued the operator of the world’s largest…
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Fugitive crypto mogul Do Kwon arrested in Montenegro, charged by U.S.: reports
Do Kwon, the former CEO of Terraform Labs, whose stablecoin TerraUSD crashed last year, has reportedly been charged with fraud…
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Coinbase stock sinks 16% after crypto exchange discloses SEC warning
Shares of Coinbase Global Inc. dropped 15.8% in the extended session Wednesday after the crypto exchange disclosed a warning from…
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Bitcoin tanks after Fed chair Powell said interest rate cuts in 2023 are not likely
Bitcoin fell Wednesday after the Federal Reserve raised its key interest rate by a quarter of a percentage point, as…
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Amazon didn’t make money for a decade, but those losses weren’t even close to what startup companies and their investors face now.
The bankruptcy of Silicon Valley Bank SIVB, , the nation’s 16th largest bank, has rattled global markets. SVB used short-term…
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Here’s the pro-bitcoin, anti-bank argument advanced by a former Coinbase executive that’s making waves
It’s not a new view, but in the wake of the collapse of three U.S. banks and Credit Suisse’s rescue,…
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Silicon Valley Bank collapse had little impact on the price of top NFT art collections, report says
After a shaky 2022, during which non-fungible token art projects saw a 97% loss in trading volume, the industry has…
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Binance to convert $1 billion in stablecoin to bitcoin, Ether and other cryptocurrencies
Binance, one of the world’s largest crypto exchanges, is converting $1 billion in the stablecoin Binance USD, or BUSD, into…
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Bitcoin, ether rally as Fed announces new emergency loan program for banks
Major cryptocurrencies rallied Sunday, as the Federal Reserve announced a new emergency loan program for banks after Silicon Valley Bank,…
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Stablecoin issuer Circle to transfer $3.3 billion in cash held at Silicon Valley Bank to BNY Mellon
Circle, creator of the world’s second-largest stablecoin USDC, will transfer its $3.3 billion in cash held at collapsed Silicon Valley…
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