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Crypto stocks slide as Bitcoin price tumbles May 1, 2024 07:09AM

Bitcoin price continued its downturn on Wednesday, plunging over $8,000 from its peak yesterday. The flagship cryptocurrency was down by 5.42% at $57,328. It had dipped even lower earlier, hitting $56,500 after reaching an all-time high of $73,797.68 just six weeks ago.

Bitcoin losses also pulled other cryptocurrencies down with it. Ether, for instance, lost more than 4% and was recently trading below $2,900, after having surpassed $4,000 in March for the first time... (continue reading...)


Bitcoin price today: tests $59k amid Fed fears, waning ETF cheer May 1, 2024 05:02AM

Investing.com-- Bitcoin price fell further on Wednesday, briefly slipping below key support levels as anticipation of a Federal Reserve meeting kept traders averse to speculative assets such as cryptocurrencies. 

Recent data showing sustained outflows from Bitcoin investment products, particularly exchange-traded funds (ETFs), also weighed on sentiment, while the launch of new spot crypto ETFs in Hong Kong offered little cheer. 

Bitcoin fell 5% in the past 24 hours to... (continue reading...)


Crypto washout sends bitcoin below $58,000 ahead of Fed decision May 1, 2024 03:39AM

By Amanda Cooper

LONDON (Reuters) - Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above... (continue reading...)


Binance founder Zhao sentenced to four months in prison Apr 30, 2024 03:46PM

Invesitng.com -- Former Binance chief executive Changpeng Zhao was sentenced on Tuesday to four months in prison and ordered to pay $150 million fine after pleading guilty to violating U.S. money-laundering laws.

The four-month sentencing imposed was far less than prosecutors request for Zhao serve a three-year term.

The former Binance CEO stepped down from Binance after pleading guilty in a settlement plea deal with the U.S. Department of Justice in November.

 

 

 


US Judge sentences former Binance CEO Changpeng Zhao to four months prison for violating Bank Secrecy laws Apr 30, 2024 03:18PM

US Judge sentences former Binance CEO Changpeng Zhao to four months prison for violating Bank Secrecy laws


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