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The price of bitcoin was gunning for a year-to-date low Friday morning, according to Markets Insider data.
The SEC has received nearly 200 pages of complaints about Coinbase, the $1.6 billion cryptocurrency trading platform
Among the most egregious allegations found in a number of complaints filed with the SEC are the claims that Coinbase "stole" cryptocurrency holdings from its users, repeatedly ignored customer complaints regarding missing funds, and systematically defrauded its customers.
South Korean news editor Yonhap said prosecutors raided the country's biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud.
A controversial Florida politician just made his county the first in the US to let residents pay taxes with bitcoin
Seminole County, Florida will use the payment processor BitPay to process bitcoin and bitcoin cash payments for local fees like property taxes and drivers license expenses.
Referring to Craig Wright, Vitalik Buterin, the creator of Ethereum, asked event organizers on Tuesday, "Why is this fraud allowed to speak at this conference?"
The market is still in a downtrend, according to an analyst.
Bitcoin is up almost 10%.
Prices are swinging dramatically.
After wild swings on Friday, the cryptocurrency has settled down some what.
Concerns over regulation, an advertising ban from Facebook, and investigations into the cryptocurrency Tether have all hurt sentiment.