Digital

Coinbase shares extend losses after crypto exchange explains SEC probe

Shares for the crypto exchange platform Coinbase are down on Wall Street despite the company’s explanation of the Securities and Exchange Commission’s (SEC) alleged violations of federal securities laws related to the company’s staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.

Bitcoin slides on Silvergate fallout

The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.

Bitcoin hits six-month high

Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.