Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market rally. The rise follows Bitcoin's climb above $54,000 on Monday, a milestone not reached since December 3, 2021. The cryptocurrency has been experiencing a bullish trend since January 11, when...
US regulator files charges against Kraken crypto exchange
The action against Kraken by the financial markets regulator will likely pour cold water on the hopes of many firms in the sector that it was taking its foot off the gas when it came to regulation after a series of unfavorable court rulings. The SEC took legal action in...
Cryptocurrencies rise in value after United States SEC court loss
The increases came after a federal judge in Manhattan partially dismissed the SEC's case against the creators of the XRP cryptocurrency, Ripple Labs, who were accused of marketing their currency without first registering it with the Wall Street regulator. The SEC has argued for years that certain digital currencies are...South Korea plans to extradite crypto fugitive Do Kwon
Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company's dramatic collapse last year, which wiped out about $40 billion of investors' money and shook global crypto markets. The 31-year-old was arrested at the Podgorica airport in Montenegro on a South Korean warrant, the country's interior...
American celebrities Lindsay Lohan, Jake Paul charged for touting crypto
The charges come as part of a case targeting entrepreneur Justin Sun for manipulating crypto trading on his platform. The case is one of several from the enforcer of US rules on the financial markets that has stepped up its crackdown on cryptocurrencies since the spectacular collapse of industry leader...
Ex-crypto boss Bankman-Fried pleads not guilty to fraud
The United States has charged Bankman-Fried with conspiracy, wire fraud, money laundering and election finance violations. Prosecutors allege he cheated investors and misused funds that belonged to FTX and Alameda Research customers. Bankman-Fried pleaded not guilty to all eight counts against him -- five of which carry a maximum sentence...
Musk seeks changes at Twitter as he finalizes takeover
After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the one-to-many messaging platform, and on planning massive layoffs.
Why crypto’s big ‘merge’ is causing big headaches
Regulators have begun to pay attention, with US Securities and Exchange Commission Chairman Gary Gensler suggesting proof-of-stake looked like a securities market that would fall under his remit.
US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn
Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement, saying the company and its leader "put profits over people." Boeing's former chief executive, Dennis Muilenburg, also agreed to pay $1 million to...
Reddit to go public
Reddit submits draft registration with the USSEC.
