ArkotNews

Highly skilled crypto users have reportedly lost an estimated $10 million in stolen funds since December, MyCrypto founder Taylor Monahan said.

Over $145 million in shorts against bitcoin prices were liquidated since early Asian morning hours on Tuesday.

Beijing allowing bitcoin's price to be displayed on one of the country's largest social network platforms shows a growing acceptance of the asset class within the country.

The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.

ALSO: Asia-Based Traders Push Bitcoin Past $30K

The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.

A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”

It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.

Washington’s “war on crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.