81% of Bitcoin (BTC) traded on exchanges in February was on Binance - Morgan Stanley
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Binance sued by the CFTC over 'willful evasion' of US federal law
March 27, 2023 12:06 PM EDTBitcoin and other cryptos tumbled Monday after the largest cryptocurrency exchange in the world, Binance, was sued by the US Commodity Futures Trading Commission.
The regulator is suing Binance and its Chief Executive Officer Changpeng Zhao, commonly known as CZ, for allegedly breaking trading and derivatives rules. The lawsuit was filed by the CFTC on Monday in federal court in Chicago.
At the time of writing, Bitcoin is trading... More
Bitcoin acts as a safe-haven asset during periods of crises, claims Bernstein
March 24, 2023 11:37 AM EDTBernstein's Gautam Chhugani said Friday that Bitcoin acts as a safe-haven asset in times of crisis.
The analyst explained in a note titled "Bitcoin vs. Gold vs. Equities correlation in 3 charts" that the correlations have flipped for risk-off assets in the last few days since the US banking... More
Bitcoin (BTC) 'acts as a safe-heaven asset during periods of crises' - Bernstein
March 24, 2023 5:52 AM EDTBernstein analyst Gautam Chhugani on Bitcoin's correlation with gold and stocks: "We believe the correlations have flipped for 'risk-off assets' in the last few days since the U.S banking crisis, and it could be a critical signal for investors to monitor. The correlation with equities rose, as the... More
Bitcoin Quickly Spikes to High, Up 5% at $28,750
March 23, 2023 11:18 AM EDTBitcoin Quickly Spikes to High, Up 5% at $28,750
... MoreThe recent digital-assets boom has had echoes of the dot-com bubble - DB
March 23, 2023 6:13 AM EDTDeutsche Bank analyst Marion Laboure on Bitcoin: "Though history does not repeat itself, the recent digital-assets boom has had echoes of the dot-com bubble, with all its irrational exuberance."
... MoreAnalysis-What's behind bitcoin's latest surge?
March 22, 2023 8:05 AM EDTBy Tom Wilson
LONDON (Reuters) - At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals.
Less than three months later, bitcoin's got its mojo back. With gains of more than 70% so far this year, it has outpaced other major assets, and was on Wednesday trading near its highest in nine months.
The original and biggest cryptocurrency has been here before, its 15-year history peppered with dramatic price increases and equally vertiginous drops. Fuelling the gains: interest rates.
... More