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The recent Wells notice issued by the SEC to Coinbase, along with other legal threats against crypto firms, has raised concerns among industry experts that the US crackdown on cryptocurrencies could stifle innovation and weaken the dollar. Some believe that the regulatory environment in the US is driving jobs, investment, and innovation offshore, to countries like Singapore, Hong Kong, and…

Bitcoin Tops $60,000, Nears Record High, On

Bitcoin rose nearly four per cent to as high as $59,664, its highest since mid-April. Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts. Cryptocurrency investors have been waiting for approval of the first U.S. ETF for…

Bitcoin Nears $60,000 As Investors Eye First U.S.

Bitcoin rose nearly 4% to as high as $59,664, its highest since mid-April. New Delhi: Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The world’s biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest…

Bitcoin Nears $60,000 As Investors Eye First U.S. ETFs

Bitcoin rose nearly 4% to as high as $59,664, its highest since mid-April. New Delhi: Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The world’s biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest…