Coinbase Global Inc, the largest US crypto exchange, is experiencing a system outage.The company notified users on its website at 12:19pm Singapore time on Tuesday, assuring them that their funds were safe. Over two hours later, Coinbase said in an update that it is “seeing some services recover” but is still working on fixing the issue, adding that customers may still experience “connectivity problems.”Crypto prices have fallen since the outage ...
NEW YORK: The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation.The U.S. Securities and Exchange Commission (SEC) on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC accuse...
Bitcoin fell below $26,000 for the first time in two months as risk aversion weighs on the cryptocurrency market with global government bond yields climbing to the highest in about 15 years. “When you throw in what is happening in the bond market, it becomes easy for Bitcoin prices to soften,” Edward Moya, senior market analyst at Oanda, said in a note.The slide has almost erased most of the gains registered in the wake of BlackRock’s surprise fi...
Wall Street may be divided over crypto’s investment credentials but for Bitcoin brethren Thursday delivered validation: The first US exchange-traded funds investing directly in the largest digital currency finally went live. It was a much-anticipated debut that came a day after the US Securities and Exchange Commission gave them the green light following a more than decade-long campaign by the digital-asset industry. The batch of almost a dozen f...
NEW DELHI: Security researchers have successfully cracked a password to recover over $3 million worth of Bitcoin that had been stuck in a crypto wallet for 11 years. The wallet contained 43.6 BTC, which had been held there since 2013.Electrical engineer Joe Grand, also known by his handle ‘Kingpin,’ was hired to hack into the encrypted file containing the Bitcoin.The cryptocurrency was protected by a password created by a random password generato...
Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading.As part of a drive to cut costs, the firm is also refocusing its strategy and investing in automation, CoinDCX’s founders Sumit Gupta & Neeraj Khandelwal said in a statement announcing the job cuts on Tuesday. “Startups and businesses globally are going through challenging times due to tou...
Bitcoin is flirting with a winning run last seen a year ago, aided by the record-breaking debut of US exchange-traded funds for the token.The digital asset rose about 1% to $48,436 as of 9:50am Monday in Singapore, poised for a seventh straight daily gain that would mark the longest such streak since January 2023 if the advance holds, data compiled by Bloomberg show.Nine new spot Bitcoin funds began trading in the US on Jan. 11 and have attracted...
Bitcoin poked above the $71,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.The largest digital asset’s run of daily increases is the longest in three months, leaving the original cryptocurrency at $70,785 as of 8:25am Wednesday in New York, some 4% shy of the record high $73,798 set in mid-March.Traders are pri...
NEW YORK: Sam Bankman-Fried‘s requests for vegan meals and access to prescription medication in jail have gone unheeded, his lawyers said, adding that they need better access to their client to build his defense case.The 31-year-old embattled crypto mogul has been “literally subsisting on bread and water” and a little peanut butter, his attorneys said, as they fought for more time with the FTX co-founder ahead of his October fraud trial. They mad...
Its stellar performance comes after a turbulent period for the token. Following a crash in cryptocurrencies last year, FTX founder Sam Bankman-Fried is now in jail for fraud, while top exchange Binance and its founder Changpeng Zhao recently pleaded guilty to US anti-money-laundering and sanctions violations and were hit with fines of $4.3 billion and $50 million, respectively.Is Bitcoin’s return to the $40,000 level a sign the industry is maturi...
