FTX to finalize BlockFi deal for just $25 million
FTX is reportedly about to finalize a deal to buy insolvent lender BlockFi for just $25 million amid a crash FTX to finalize BlockFi deal According to a CNBC story, cryptocurrency behemoth FTX is about to finalize a deal to buy insolvent lender BlockFi for just $25 million. In comparison to the $5 billion valuations […]
Bitcoin (BTC) Recovers From $18,000 Range, Now Back At $19,000
Bitcoin (BTC) briefly broke into the $18,000 range before slightly recovering back to the $19,000 mark as the crypto market remains unstable Bitcoin is Red On the cryptocurrency market, Bitcoin is performing poorly for the fifth day in a row, losing over 12% of its value in a week, which caused a plunge below $19,000—a […]
Grayscale To Sue SEC Over Bitcoin ETF Rejection
Grayscale is looking to sue the Securities and Exchange Commission (SEC) after its application for a Bitcoin ETF was rejected SEC Rejects Grayscale Bitcoin ETF After the SEC rejected a request to turn Grayscale Investments’ Bitcoin trust into an exchange-traded fund, the company said it had filed a lawsuit. Late on Wednesday, Grayscale’s CEO, Michael […]
Crypto Market Loses $55B As Market Plummets
As the crypto market continues to plummet the market has lost $55 billion as Bitcoin and ETH dived below $19K and $1,023 respectively Crypto Market Plummets BTC On Thursday, Bitcoin plunged below the $19,000 mark once more, targeting the crucial support level established on June 18 as the cryptocurrency market tries to recover from the […]
Coinbase Plans Expansion Within Europe Despite Market Crash
Coinbase is considering expanding its operations within Europe despite the current crypto market turmoil Expansion in Europe Coinbase is exploring increasing its presence within Europe, In order to broaden its activities outside of its native American market Nana Murugesan, the vice president of business development and international for Coinbase, said in an interview with Bloomberg […]