Cryptocurrencies

Crypto investor exodus weighs heavier on Bitcoin also-ran Ether

Both crypto tokens have seen billions in outflows from their ETFs since the early October crash

Armstrong’s wealth has fallen by more than US$10 billion since peaking seven months ago at US$17.7 billion, according to the Bloomberg Billionaires Index.

Coinbase CEO falls from list of world’s richest as crypto slides

Bitcoin is also down by about half since early October

Bitcoin’s slump from a peak of US$126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging institutional adoption.

Bitcoin falls below US$70,000 after wild roller-coaster ride

The move was still relatively tame compared with last week’s wild swings

Bitcoin prices briefly slumped 17% to 81.1 million won on Friday evening on Bithumb.

South Korean crypto firm accidentally sends US$44 billion in bitcoins to users

[SEOUL] South Korean cryptocurrency exchange Bithumb said on Saturday (Feb 7) it had accidentally given away more than US$40 billion worth of bitcoins to customers as promotional rewards, triggering a...

The Chinese authorities reiterated Beijing’s long-standing stance that cryptocurrencies including Bitcoin, Ether and stablecoins have no legal status equivalent to fiat money.

China bars unapproved issuance of renminbi stablecoins abroad

Beijing’s move comes at a time of elevated volatility in crypto markets

Bitcoin's slide signals maturation instead of a structural decline, says Vincent Chok, CEO of fintech firm First Digital.
BT EXPLAINS

Bitcoin plunge: What Michael Saylor’s US$12 billion Strategy loss says about the cryptocurrency

BT unpacks the drivers behind the asset’s downturn and what it means for investors

Founded in 2014, Gemini has largely failed to attract significant market share despite being one of the earlier crypto exchanges.

Winklevosses’ Gemini to cut jobs, scale down in crypto retreat

The twins have donated millions of US dollars to causes supporting US President Donald Trump and the Republican party

Saylor has said the company faces no margin calls and has US$2.25 billion in cash, enough to cover interest and distributions for more than two years.

Michael Saylor’s crypto project pounded after US$12.4 billion loss

Strategy holds over 713,000 Bitcoin, valued at about US$46 billion