HomeCryptocurrencies

Cryptocurrencies

Bitcoin Dips After it Fails to Reach $100K Mark

Bitcoin, the world’s most valuable cryptocurrency, is sliding after failing to reach the elusive $100,000 per coin mark. It lost almost 8% from last week’s all-time price of $99,830 and traded below $92K on Tuesday. Bitcoin soared following the U.S. presidential elections on expectations of...

MicroStrategy Buys More Than 27K Bitcoin in Largest Purchase Since 2020

Business intelligence firm MicroStrategy disclosed a purchase of 27,200 Bitcoin in a statement made on Monday. It is the company’s largest acquisition of the world’s most valuable cryptocurrency since 2020 when it bought 29,646 Bitcoin. MicroStrategy, which is the largest corporate holder of Bitcoin, made...

Defunct Crypto Exchange FTX Sues Former Rival Binance for $1.8 Billion

Defunct cryptocurrency exchange FTX is suing former rival Binance for “fraudulent” stake buyback from 2021. FTX is demanding approximately $1.8 billion in reparation, according to a lawsuit filed at a Delaware court on Sunday. The subject of the lawsuit is a transaction that saw Binance...

Bitcoin Reaches a New Record, Surpasses $75K Mark

The cryptocurrency market had a resounding response to the results of Tuesday’s U.S. presidential elections. With the new U.S. president being considered a proponent of crypto assets, cryptocurrencies soared in value across the board, including Bitcoin, which reached a new record. The expectation is that...

PayPal Allows U.S. Merchants to Buy, Hold, and Sell Crypto

Online payments firm PayPal announced on Wednesday that it will allow U.S. merchants to buy, hold, and sell cryptocurrency via its platform using their business accounts. Previously, only individual account holders had this option. The company also announced business accounts will have the ability to...

SEC Could “Challenge” Refunds to FTX Users in Crypto

The U.S. Securities and Exchange Commission (SEC) hinted that it might be against issuing refunds in cryptocurrency to users of the defunct crypto exchange FTX in a recent filing. FTX, which was once one of the largest crypto exchanges in the world, filed for bankruptcy...