Cryptos

WASHINGTON, June 8 (Reuters) - Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world's largest crypto exchanges, for allegedly breaching its rules.The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are…

BRUSSELS, June 8 (Reuters) - Meta Platforms' (META.O) Instagram, Alphabet's (GOOGL.O) YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets.U.S. regulators…

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move comes amid two major global exchanges facing a lawsuit from the United States securities regulator and is just a few weeks after another major Australian bank,…

The bitcoin mining hashrate, a measure of computing power on the network, will likely decline dramatically a year from now, once rewards are halved.Roughly every four years, the reward for successfully mining a bitcoin block is cut in half. This event, known as the halving, reduces inflationary pressure on bitcoin. Currently, rewards are 6.25…

Bitcoin and other cryptocurrencies have so far shrugged off a major regulatory crackdown on the digital asset space, with an absence of sellers after more than a year of a brutal bear market helping cryptos rise in the face of intense pressures.The price of Bitcoin has jumped 3.5% over the past 24 hours to $26,650,…

June 7, 2023 by Mike SunnucksPolice are investigating a Gulfport cryptocurrency theft. Gage Skidmore, CC BY-SA 3.0, via Wikimedia Commons Police are investigating the alleged Gulfport cryptocurrency theft of $45,000 from a Gulfport resident’s accounts. According to the Gulfport Police Department, “the online suspects were able to gain access…

New York CNN  —  North Korean hackers were likely behind the theft of at least $35 million from a popular cryptocurrency service, multiple crypto-tracking experts told CNN Tuesday. It’s…

June 6, 2023 7:55 AM | 1 min read In a recent report by Goldman Sachs, on-chain statistics for May revealed a mixed picture concerning the adoption of Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH). The report noted a 31% monthly decrease in Bitcoin addresses with balances exceeding 100,000 BTC, while changes to Ether balances remained largely…

June 6 (Reuters) - It'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 index is near 64, well below…

The Securities and Exchange Commission on Monday accused Binance, the world’s largest cryptocurrency exchange, of mishandling customer funds and lying to American regulators and investors about its operations, in a sweeping case that has the potential to remake the landscape of power and wealth within crypto.The S.E.C.’s lawsuit was the second…