A fake press release said the retailer would begin accepting payments in Litecoin, driving up the cryptocurrency's price by over 26%.
The crypto exchange platform allegedly misrepresented to investors that it would deploy their funds to trade bitcoin using a proprietary bot.
SEC Chair Gary Gensler says the industry is "rife with fraud" and if Congress doesn't act, "I worry a lot of people will be hurt."
A presidential working group expects to make recommendations on how to regulate the booming digital currencies amid concerns over their stability.
While it’s not for everyone, there are some circumstances where limited cryptocurrency involvement can make sense for traditional companies.
"We think that becoming a public company really sets us up to be a trusted platform in the digital currency industry."
In a recent note to clients, UBS Bank said that regulatory crackdowns could pop the “bubble-like” crypto markets.
The U.K.'s financial watchdog “is sending a strong signal that it is worried about the dangers of investing in cryptocurrencies."
The cryptocurrency was used to pay the ransom in the attack on the Colonial Pipeline system.
Now is the time for CFOs to get a handle on their cryptocurrency exposures and start figuring out a blockchain strategy.
Bitcoin dropped under $40,000 for the first time in three months, losing 15% of its value overnight.
“Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer.”
