#Cryptocurrencies
The exit of CZ from Binance and his subsequent legal troubles in the US is just another unsurprising drama enveloping the controversial world of cryptocurrencies.
Crypto currency exchange Binance has seen almost $1bn in outflows after Changpeng Zhao stepped down to settle a US probe.
Bitcoin dropped as much as 5.5 per cent to as low as $16,837
An Ether jump since mid-June that was spurred by hype around an upgrade of the Ethereum blockchain is rapidly unwinding
Ether’s native token, the second-largest cryptocurrency by market capitalisation, rose around 8 per cent to trade at $1,828 as of 10:17am in New York
The software system was drained of funds over hours and in small batches by various accounts, blockchain data shows
Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good
The UAE has been one of the most welcoming regions to establish cryptocurrency trading agencies and other cryptocurrency verticals
Investors may have more visibility around cryptocurrencies in the years ahead, notes Bloomberg Opinion columnist Nir Kaissar
Looking to invest in crypto assets? Talal Tabbaa advises starting small, paying attention to trends and adopting a long-term outlook
Analysts have noted that cryptocurrencies have lately been moving in tandem with other riskier assets
The swings in cryptocurrencies come amid a volatile period for financial markets
Bitcoin has lost more than 50 per cent from its mid-April high of almost $65,000
Wealth management has gone through layers of disruption to morph into its current advisory form