Bitcoin

The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.

White House press secretary Karine Jean-Pierre said in her Monday briefing the Biden Administration has its eyes on Silvergate after the California crypto bank delayed its annual report and announced the shuttering of its exchange network last week.

Bitcoin’s price on Friday at one point marked a two-week low for the cryptocurrency, with it later selling at roughly $22,300 in the afternoon.

Silvergate has delayed its annual report with the Securities and Exchange Commission after reporting a $1 billion loss for fourth quarter and is now concerned about ability to operate.

The International Monetary Fund has made recommendations on how countries should handle crypto assets.

Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.

The settlement with Kraken and one of its business practices could spell headaches for other platforms with similar services.

Tether is a stablecoin traded more frequently than bitcoin which is redeemable for US Dollars, however like a bank, the cryptocurrency is not immune from a run.

Charlie Munger, Vice Chairman of Berkshire Hathaway, compares cryptocurrencies to gambling, and advises the US to follow England's solution to the South Sea Bubble of 1720.

Bitcoin investors might finally be returning to cryptocurrency after the FTX collapse caused a crypto winter that saw the cryptocurrency industry take heavy losses.

Bitcoin’s recent beatdown didn’t do the cryptocurrency any favors among global investors, but it did give rivals Ethereum and Solana a boost, according to a new survey.

Coinbase will stop its operations in Japan due to market conditions after announcing the company would layoff 950 employees to reduce operating expenses.

Bitcoin is up over 25% in the past two weeks after dropping 64% in 2022, though questions remain about whether the virtual currency can find long-term support at those levels.

After a dismal year in 2022, bitcoin has started off the new year gaining 24%, while rising in 13 of the last 15 days.

Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.

The House Financial Services Committee rolled out a new subcommittee on digital assets and financial technology on Thursday after a troubled year for cryptocurrencies.

The cash injection from Sam Bankman-Fried’s Alameda Research was supersized even for the red-hot crypto startup world, and it dwarfed his other investments in private companies.

The DOJ is seizing $465 million worth of Robinhood shares, but FTX, BlockFi and Sam Bankman-Fried, have all laid claim to them.

Account holders at FTX have filed a class action lawsuit claiming the assets being held belong to them and not the exchange.

DOJ in a case separate from the fraud case, for which SBF was extradited to the US for, is looking for $370 million in missing funds from the bankrupt FTX.