The Latest Breaking News from Crypto

The technology industry appears well-positioned for solid expansion, driven by solid demand for its products and services. Amid this backdrop, it could be wise for investors to buy tech stock, Box (BOX). However, fundamentally weak HIVE Blockchain (HIVE) and Bakkt (BKKT) could be best avoided. Let’s discuss this in detail.

SEC alleges Coinbase took part in unregistered securities trading in a fresh lawsuit. Coinbase disagrees that it's even trading securities.

The SEC sued crypto exchange Binance yesterday, prompting customers to withdraw £1 billion in the space of 24 hours

The crypto exchance was accused of ‘an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.’

The SEC charged leading crypto exchanges Coinbase and Binance with a laundry list of securities law violations, at an already fragile time for the cryptocurrency sector.

The approval marks another victory for traditional financial firms in the crypto space.

The complaint expands jurisdiction for the agency as it continues to target key cryptocurrencies.

The burgeoning prospects of the global cryptocurrency sector is being clouded by heightened regulatory actions. Hence, would it be wise to buy crypto tech provider Coinbase Global (COIN) now? Let’s look at its key financial metrics to get an idea….

The total market capitalization for all cryptocurrencies was down approximately 4.5% in the first hour after the suit was filed.