Bitcoin, the world’s largest cryptocurrency, on Wednesday reached its highest value yet. The price of one bitcoin is now worth more than $51,000, a day after passing the $50,000 mark. The surge comes a week after Tesla announced it had purchased $1.5 billion worth of the popular cryptocurrency and would start accepting it as a form of payment. Bitcoin’s price has risen more than 70% since the...
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Breaking Down the SEC’s Double Whammy
The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao...
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