Tag: cryptocurrency news

The crypto market is benefiting from the Federal Reserve’s decision to protect depositors of collapsed Silicon Valley Bank (SVB) and Signature Bank. All major cryptocurrencies have seen positive movement to start the week, with Bitcoin jumping almost 18 percent at one point. Fed recently issued...

Crypto exchanges and other cryptocurrency companies are finding it increasingly hard to find partners among established financial institutions. According to Reuters, JPMorgan Chase & Co is in the process of cutting ties with crypto exchange Gemini and intends to end the banking relationship between...

Binance, the world’s largest exchange for cryptocurrency, has been a victim of a hack attack earlier this week. According to reports, the hackers managed to get away with $570 million in crypto before the attack was discovered and stopped. Changpeng Zhao, CEO of Binance, explained...

Many Bitcoin miners are in the process of liquidating their mining assets in an attempt to deal with the plunging price of Bitcoin and high energy costs. This led to a depression in the value of mining rigs and crypto billionaire Jihan Wu and...

Bolt Financial Inc announced on Friday its decision to call off the $1.5 billion acquisition of cryptocurrency infrastructure provider Wyre Payments Inc. The online checkout company cited the plunging valuations of crypto and finance businesses as the driver for the abandonment of this decision. Following...

It seems like the “crypto winter” isn’t going away anytime soon, but Coinbase CEO Brian Armstrong doesn’t seem to be worried about it at the moment. In a recent interview with CNBC, Armstrong said that crypto downturns are nothing unusual and that the crypto...