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Prosecutors in the US will continue to seek extradition of former cryptocurrency mogul Do Kwon despite a ruling by Montenegros High Court to hand him over to his native South Korea to face charges over the $40 billion collapse of the TerraUSD stablecoin in 2022.Source: Bloomberg Crypto
The post US to Contest Do Kwon Extradition to South Korea in Crypto Case appeared first on Crypto Breaking News.
The US Securities and Exchange Commission has extended the timeline for which it will make decision on approving the trading of options on exchange-traded funds that invest directly in Bitcoin.Source: Bloomberg Crypto
The post SEC Defers Decision on Spot Bitcoin ETF Options Trading appeared first on Crypto Breaking News.
In this edition of the Bloomberg Crypto newsletter, Hannah Miller heads back to school to get to the bottom of a buzzy Bitcoin ETF investment at Stanford University.Source: Bloomberg Crypto
The post A Stanford Student-Run Funds Bitcoin ETF Investment Stirs Up a Buzz appeared first on Crypto Breaking News.
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in minutes. Those changes are often mysterious to market observers, because of the digital currencys lack of ties to the real economy. Bitcoin has another quirk, one that was built into the code that [...]
The post What Is Bitcoin Halving and Does It Push Up the Cryptocurrencys Price? appeared first on Crypto Breaking News.
From Wall Street to main street, the sudden comeback of Bitcoin is energizing investors big and small.Source: Bloomberg Crypto
The post My Mom Texted Me: Bitcoins Comeback Energizes Long-Time Proponents appeared first on Crypto Breaking News.
The brother of fugitive Cryptoqueen Ruja Ignatova will spend no more time behind bars after pleading guilty to helping run the OneCoin cryptocurrency fraud after his sister disappeared in 2017.Source: Bloomberg Crypto
The post Cryptoqueens Brother Gets Time Served for Leading OneCoin Scam appeared first on Crypto Breaking News.
In this edition of the Bloomberg Crypto newsletter, Katie Greifeld parses the difference between solicited and unsolicited when it comes to brokerages and Bitcoin ETFs.Source: Bloomberg Crypto
The post Wall Streets Cold Embrace of Bitcoin ETFs Comes With a Catch appeared first on Crypto Breaking News.
MicroStrategy Inc., the largest corporate holder of Bitcoin, proposed increasing its cache of the largest cryptocurrency through the sale of $600 million in convertible senior notes.Source: Bloomberg Crypto
The post MicroStrategy to Offer $600 Million in Convertible Notes to Buy More Bitcoin appeared first on Crypto Breaking News.
In this edition of the Bloomberg Crypto newsletter, David Pan cuts the ribbon on the re-opening of capital markets for crypto companies.Source: Bloomberg Crypto
The post SBFs Sentence and Capital Markets Signal a New Era for Crypto appeared first on Crypto Breaking News.
Sam Bankman-Fried was sentenced to prison for 25 years. More than $20 billion in Tether transactions are being reviewed for possible sanctions violations. The surviving co-founder of Quadriga is being asked where he got a hoard of gold and cash. And Bitcoin is approaching record highs.Source: Bloomberg Crypto
The post Bitcoin Approaches Highs as Crypto Moves on From Sorry Episode of SBF appeared first on Crypto Breaking News.
One moved continents to hunker down in her family home. Another landed a job as a software engineer in Silicon Valley. And the third is pursuing a tech career outside crypto after the exchange he helped build imploded 16 months ago.Source: Bloomberg Crypto
The post SBFs Best Friends Who Turned on Him Brace for Their Punishment appeared first on Crypto Breaking News.
Another day, another big swing in Bitcoin to enliven a relatively slow Monday on Wall Street. This time, the digital asset surged 7% to retake $70,000, the latest sign that pronounced Bitcoin moves increasingly fall in US hours.Source: Bloomberg Crypto
The post Bitcoin Volatility Becomes More Intense in US Compared With Asia appeared first on Crypto Breaking News.
About 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where theyll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs.Source: Bloomberg Crypto
The post Bitcoin Halving Spurs Exodus of Old US Mining Computers Abroad appeared first on Crypto Breaking News.
South Korean Do Kwon presided over one of the biggest busts ever in the volatile crypto sector. His Terraform Labs Pte created the TerraUSD stablecoin, which was meant to have a constant $1 value via a complex mix of algorithms and trader incentives involving a sister token, Luna. Their combined value soared past $60 billion [...]
The post How Do Kwon Went From Crypto King to Fugitive to Jail appeared first on Crypto Breaking News.
In this edition of the Bloomberg Crypto newsletter, Muyao Shen slides down the bell into the left curve.Source: Bloomberg Crypto
The post The Big Winners of This Crypto Bull Market Are the `Left Curves appeared first on Crypto Breaking News.
The digital-asset world is going about business as usual despite some worrisome issues that may be raised by the US Securities and Exchange Commissions probe of the Ethereum Foundation, the organization that supports the second-biggest cryptocurrency.Source: Bloomberg Crypto
The post Emboldened Crypto Market Participants Shrug Off SECs Probe of Ethereum appeared first on Crypto Breaking News.
The US Securities and Exchange Commission has demanded information from companies about dealings with the Ethereum Foundation as part of a review of aspects of Ether — the worlds second-biggest cryptocurrency, according to people familiar with the matter.Source: Bloomberg Crypto
The post Ethereum Foundation Gets SEC Scrutiny in Latest Crypto Crackdown appeared first on Crypto Breaking News.
Bitcoin hovered near the lowest level in about two weeks, sapped by moderating inflows into dedicated exchange-traded funds as well as concerns that the scope for US interest-rate cuts is diminishing.Source: Bloomberg Crypto
The post Bitcoin Wobbles as Traders Await Fed Guidance on Scope for Rate Cuts appeared first on Crypto Breaking News.
Sam Bankman-Fried said US prosecutors proposal to put him in prison for as long as 50 years distorts reality and paints him as a depraved super-villain.Source: Bloomberg Crypto
The post Sam Bankman-Fried Says 50-Year Sentence Only Suitable for a Super Villain appeared first on Crypto Breaking News.
In this edition of the Bloomberg Crypto newsletter, Olga Kharif looks for a history lesson in past Bitcoin-halving cycles.Source: Bloomberg Crypto
The post Why Past Bitcoin-Halving Cycles May Lead Traders Astray appeared first on Crypto Breaking News.
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