The South Korean cryptocurrency exchange Bithumb is set to be acquired by FTX, a cryptocurrency derivatives exchange. This update was confirmed by the owner of the former, Vidente. The FTX acquisition of Bithumb is a move to support the derivatives exchange’s purchasing spree. The company noted that they have been …

On Monday, the United States Securities and Exchange Commission (SEC) initiated an investigation into the major crypto exchange Coinbase. The SEC investigates Coinbase to check whether it was illegally allowing Americans to transact in digital assets that should have been listed as securities. The aforementioned news was reported by Bloomberg. …

The crypto market has been bleeding for two consecutive days now. The gains in the earlier week have been washed off by the subsequent bearish sessions. Even major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) could not survive the crypto crash. On top of that, today the market is bleeding …