Bitcoin and the entire crypto space are experiencing a terrible week. El Salvador’s turned bitcoin into an official currency on Tuesday, with fans celebrating the move. Despite that, the bitcoin price experienced a massive flash crash. Bitcoin lost $10,000 within minutes, as over-leveraged traders who were long on bitcoin found themselves liquidated. All other coins followed, with the bloodbath wiping well over 20% of a digital token’s value. More bad news followed on Wednesday morning. Coinbase announced an unexpected development for an unreleased product called Lend. The SEC threatened the world’s most popular exchange with a lawsuit if it were to move forward with plans to launch a crypto feature other companies already offer.
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SEC threatened to sue Coinbase over its unreleased Lend feature originally appeared on BGR.com on Wed, 8 Sep 2021 at 21:35:00 EDT. Please see our terms for use of feeds.
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