|Day's range||25,507.99 - 26,512.93|
|52-week range||15,599.05 - 31,005.61|
|Volume (24 hrs)||16.63B|
|Volume (24 hrs) all currencies||16.63B|
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.
The delays are impairing the miner's hashrate and bitcoin production.
O’Leary criticized Coinbase leadership for “butting heads” with the SEC — which on Tuesday sued the cryptocurrency exchange for acting as an exchange, a broker, and a clearing agency without registering.
The belief that the SEC will not label bitcoin as a security is encouraging investors to stick with the world’s largest cryptocurrency despite the new industry turmoil.
The SEC cracks down on crypto as it leads two separate lawsuits against exchange platforms Coinbase and Binance. Yahoo Finance crypto reporter David Hollerith joins the Live show to detail the exact charges levied against the crypto companies.
Coinbase shares fell after the SEC sued the crypto exchange. However, Lisa Ellis, Senior Equity Analyst at MoffettNathanson (a division of SVB Securities), says it could present a buying opportunity for some investors. Ellis tells Yahoo Finance Live why the suit provides clarity for Coinbase and its investors.
A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.
Crypto exchange platform Coinbase is being sued by the Securities and Exchange Commission for allegedly operating as an unregistered securities exchange. Yahoo Finance caught up with various experts, analysts, and reporters to discuss the impact on the crypto market. Yahoo Finance's Jennifer Schonberger broke down the SEC's allegations against Coinbase. Schonberger said, "The SEC is suing Coinbase this morning in the Southern District of New York for failing to register its trading platform with the agency alleging that it was an unregistered National Securities Exchange broker and clearing agency." Mark Palmer, Berenberg Capital Markets Senior Equity Research Analyst – Fintech and Digital Assets, discussed the implications of the lawsuit and whether Coinbase (COIN) may be able to pivot its operations overseas. Palmer said, "That really is one of the big questions now with regard to Coinbase, is will it be able to pivot overseas? In the first quarter, the US represented about 86% of Coinbase's net revenue. That is not an easy pivot to execute." Delta Blockchain Fund General Partner Kavita Gupta discussed the questions digital asset holders have around crypto regulation. Gupta said, "What are actually securities and not securities? And does the SEC actually create a pathway and say this is how it should work?" Yahoo Finance legal reporter Alexis Keenan explained the SEC's suit against Coinbase in detail. Keenan said, "The agency says it's acting as a broker, an exchange, a clearing agency, and also a seller of securities. They say as a result, Coinbase is then evading disclosure laws that were specifically set up to protect consumers by Congress." Yahoo Finance markets reporter Jared Blikre took a look at the market reaction and what it could mean for the crypto industry. Blikre said, "The bottom line here is if the SEC doesn't completely shut down Binance and Coinbase, then it's probably not going to derail crypto." Video highlights: 00:00:03 - Yahoo Finance's Jennifer Schonberger 00:00:31 - Yahoo Finance markets reporter Jared Blikre 00:00:45 - Mark Palmer, Berenberg Capital Markets Senior Equity Research Analyst – Fintech and Digital Assets 00:01:17 - Delta Blockchain Fund General Partner Kavita Gupta 00:01:25 - Yahoo Finance legal reporter Alexis Keenan 00:01:45 - Yahoo Finance markets reporter Jared Blikre
Coinbase is the second crypto exchange to face an SEC lawsuit in as many days.
The company says the new index dubbed Lightning Network Rate (Liner) could be like Bitcoin’s version of the London Interbank Offered Rate (Libor), a global reference rate for loans. Liner complements Magma, the Lightning liquidity marketplace launched by Amboss last year.
Bitcoin is trading lower after the Securities and Exchange Commission sued both Binance and Coinbase. Yahoo Finance market reporter Jared Blikre breaks down the market reaction.
Attendees at Consensus 2023 argue that the crypto industry should embrace ESG and not hide from it in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.
Crypto platform Coinbase is being sued by the Securities and Exchange Commission, which alleges the company is operating as an unregistered securities exchange. Yahoo Finance's Jennifer Schonberger breaks down the SEC's allegations.
Bitcoin’s price fell to its lowest point in weeks on Tuesday as the US Securities and Exchange Commission announced it is suing crypto exchange Binance.
Cryptocurrency prices nosedived Monday as the U.S. Securities and Exchange Commission (SEC) sued the crypto exchange and its chief executive for multiple federal securities law violations.
The 241 MW site will be powered by wind and solar energy.
The company plans to offer financial services that combine the potential of crypto with traditional financial services.
The exchange remains the largest cryptocurrency exchange by trading volume.
Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.
AI bots could begin to represent us in online exchanges and have access to our private data and preferences.
LTC has outperformed both bitcoin and ether over the last 30 days.
CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin is on track to post its first monthly loss of 2023, as the cryptocurrency hovers above $27,000. Yahoo Finance crypto reporter David Hollerith takes a look at how the cryptocurrency has traded over the last year and how other digital assets are faring so far in 2023.