More stories

  • Bitcoin is falling again after a big crypto rally.  It can get ugly.

    Bitcoin falls after a big rally. It can get ugly.

    Text size Bitcoin prices look vulnerable to losses after the momentum from the recent rally faltered. Time to dream bitcoin and other cryptocurrencies fell on Thursday, falling along with the stock market as investors worry about the prospect of a recession. The big digital asset rally last week, which had little fundamental support, will now […] More

  • Justice Department shuts down crypto exchange that handled illegal funds

    Justice Department shuts down crypto exchange that handled illegal funds

    The US Department of Justice and French authorities on Thursday shut down a suspected money laundering site for crypto criminals. On January 19, the Justice Department charged Anatoly Legkodymov, a Russian citizen and senior executive at Bitzlato, a Hong Kong-listed cryptocurrency exchange that operates globally, of “running a money transfer business that transported and transferred […] More

  • Cryptocurrency lender Genesis Trading files for bankruptcy protection

    Cryptocurrency lender Genesis Trading files for bankruptcy protection

    Barry Silbert, founder and CEO of Digital Currency Group David A. Grogan | CNBC Cryptocurrency lender Genesis filed for Chapter 11 bankruptcy protection late Thursday in Manhattan federal court in the latest casualty of an industry contagion caused by the FTX crash and a devastating blow to the business once at the heart of Barry […] More

  • Binance was the final destination for millions of funds from Bitzlato
    in

    Binance was the final destination for millions of funds from Bitzlato

    Binance is the world’s largest cryptocurrency exchange, handling billions in daily trading volumes. PAGE | NurPhoto via Getty Images On Wednesday, federal prosecutors released an indictment against a little-known cryptocurrency exchange called Bitzlato, alleging that it facilitated the laundering of $700 million in tainted crypto linked to the now-shutdown Hydra darknet marketplace and millions more […] More

  • Bitcoin is falling again after a big crypto rally.  It can get ugly.

    Bitcoin is falling again after a big crypto rally. It can get ugly.

    Text size Bitcoin prices look vulnerable to losses after the momentum from the recent rally faltered. Time to dream bitcoin and other cryptocurrencies fell on Thursday, falling along with the stock market as investors worry about the prospect of a recession. The big digital asset rally last week, which had little fundamental support, will now […] More

  • Coinbase shares are rising.  This could be a haven in the wild crypto market.

    Coinbase shares are rising. This could be a haven in the wild crypto market.

    Text size BTIG analyst Mark Palmer reiterated his “buy” recommendation for Coinbase shares. Time to dream Coinbase Global stocks continued their winning streak on Tuesday, rising along with the price of bitcoin and amid strong support from analysts. Coinbase (Ticker: COIN) 2023 is already off to a rocky start. The company said last week that […] More

  • Investors see $12,000 to $30,000

    Investors see $12,000 to $30,000

    After a tumultuous 2022, crypto investors are scrambling to figure out when the next bitcoin bull run could happen. Last week at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as a year of caution. bitcoin it is expected to trade in a range, be […] More

  • House Republicans Move To Regulate Cryptocurrency With New Subcommittee

    House Republicans Move To Regulate Cryptocurrency With New Subcommittee

    Representative French Hill, an Arkansas Republican (left), speaks at a news conference on Capitol Hill in Washington, D.C., July 24, 2018. Zack Gibson | Bloomberg | Getty Images Republican lawmakers announced late Thursday the formation of a new subcommittee to oversee the crypto and fintech industries, the first of its kind in the US, following […] More

  • SEC accuses Genesis and Gemini of selling unregistered securities

    SEC accuses Genesis and Gemini of selling unregistered securities

    The Securities and Exchange Commission on Thursday accused crypto firms Genesis and Gemini of allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Cryptocurrency exchange Gemini and crypto lender Genesis teamed up in February 2021 on a Gemini product called Earn that touted yields of up to 8% for clients. related […] More