No ‘Stimmy’ Rally: Why the $1,400 Checks Brought So Little Bitcoin Stimulus
Slowing bitcoin volume suggests retail traders are less active with their "stimmy" checks compared to 2020.
“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.
It's the second crypto platform in a week to face troubles in a country that is banning the use of cryptocurrencies for payments.
At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.
The crypto exchange reportedly has been subject to a legal complaint by its users alleging that hundreds of millions of dollars had been stolen.
The crypto exchange's shares traded above $400, and then into the low $300s, after starting off at $381.