Bitcoin Financial News

The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao have been accused of misusing investor funds, operating as an unregistered exchange, and violating a slew of US securities laws in a lawsuit filed by US regulators.

Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange.

The dynamic world of Bitcoin has been in the spotlight once again, experiencing both tumult and triumph. As of Friday, Bitcoin's price ascends to $26,289, marking a 1.5% hike. 

Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states.

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Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours. «Bitcoin's value is currently trading around the $26,200 level. This positive price movement might be because of a paper that came out yesterday from the IMF and the G20’s Financial Stability Board. The paper said that banning all cryptocurrencies wouldn't work well in the long term and suggested using targeted restrictions and a comprehensive monetary strategy instead,» Edul Patel, CEO & Co-Founder of Mudrex, said. Other top crypto tokens were also trading higher. Solana, Polkadot, and Litecoin surged over 1%.

In the rapidly evolving landscape of cryptocurrencies, India has emerged as a pivotal player, commanding global attention as the current G20 president. Rajagopal Menon, Vice President of WazirX, shares insights on India's leadership in shaping the regulatory discourse around cryptocurrencies and the evolving dynamics of the crypto market. «With its presidency of the G20, India’s voice for global crypto rules for crypto is being taken seriously. Detailed Crypto regulations are inevitable. It is a question of “when” and not “if”,» Rajagopal said. In this exclusive interview with ETMarkets, he delves into the potential impact of rate hikes, crude oil prices, and the strengthening dollar on the crypto market's near-term performance. Additionally, Menon addresses the volatility within the crypto space and discusses the significance of India's journey towards crypto regulation, shedding light on WazirX's growth and strategic priorities for the future.With rate hike concerns and firming crude oil prices and the dollar, how do you see the crypto market performing in the near term?As with any market, many variables come into play when it comes to cryptos. Like an accomplished juggler, one is expected to keep an eye on multiple balls, from central banks' rate hike concerns to firming crude oil prices and a robust dollar.

It's been a whipsaw 2023 for investor sentiment, and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. 

Approving a spot Bitcoin (BTC) exchange-traded fund (ETF) is an opportunity for the US Securities and Exchange Commission (SEC) to “bring crypto into line,” a Bloomberg editorial piece has argued.

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated.

Amidst the dynamic crypto landscape, Bitcoin currently trades at $25,787, reflecting a subtle rise of 0.04 percent on Thursday. However, a confluence of factors has spurred speculations on its future trajectory. Notably, the 'historic' heatwave has taken a toll on the crypto mining industry, leading to a significant 9% drop in Marathon's Bitcoin production. 

Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone.

Crypto exchange-traded-products issuer 21Shares and Cathie Wood’s Ark Investment Management are seeking to offer the first U.S. ETF that invests directly in ether. 

Bitcoin (BTC) hugged a key long-term trendline on Sept. 7 as U.S. dollar strength hit its highest in six months. 

The team behind nonfungible token collection OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin, in a massive undertaking expected to take several months.

While Bitcoin has been facing downward pressure for the past few weeks, with the cryptocurrency trading below $26,000 after hitting a yearly high of nearly $32,000 in July, there are compelling reasons to remain optimistic about its longer-term prospects.

The XRP price has declined by 0.5% in the past 24 hours, with its drop to $0.497880 coming as the wider cryptocurrency market continues to weather largely negative sentiment.

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Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The price of Binance Coin (BNB) has fallen by 0.5% in the past 24 hours, with its drop to $213.55 coming as many other major tokens face similar falls.

Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes.