Category Archive

Crypto Market

Bitcoin miner Riot delays annual report, to restate results

Bitcoin miner Riot Platforms Inc said on Thursday it expects to delay its annual financial report as it has to correct errors identified in earlier financial statements.

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Crypto bank Silvergate sinks after delaying annual report

Shares of Silvergate Capital Corp slumped 29% in premarket trading on Thursday, after the cryptocurrency-focused lender warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.

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Visa, Mastercard pause crypto push in wake of industry meltdown – sources

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters.

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Cryptoverse: Bitcoin moves towards Satoshi’s payment dream

Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith.

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India’s push to regulate crypto gains IMF, U.S. support at G20

A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks.

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IMF lays out crypto action plan, recommends against legal tender status

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status.

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SEC, New York regulator oppose Binance.US’ $1 bln Voyager deal

The U.S. Securities and Exchange Commission and New York’s top financial regulator have opposed Binance.US’s $1 billion deal to buy defunct crypto lender Voyager, according to court filings, the latest in a string of regulatory moves against crypto firms.

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Coinbase swings to quarterly loss as crypto winter hits trading volume

Coinbase Global Inc reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies.

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Cryptoverse: Tether tightens grip on wobbling world of stablecoins

The world of stablecoins is suddenly looking shaky.

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Investors pull $2.5 bln in days from Binance’s stablecoin on regulatory scrutiny

About $2.5 billion flowed out from Binance’s stablecoin this week, Binance’s CEO said on Twitter, after U.S. regulators turned their sights on the cryptocurrency.

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