SEC targets crypto space after stablecoins’ de-pegging event, while FTX recovers $500 million for refunds

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By Darren Parkin Data from CryptoCompare shows the price of Bitcoin mostly moved sideways throughout the week, starting it at around $28,000 and now trading at $27,300. Throughout the week, there was a significant drop to $26,500, but BTC recovered from it in a few hours. Ethereum’s Ether, the second-largest cryptocurrency by market cap, moved similarly to BTC, trading between $1,750 and $1,800 throughout the week, with a dip to $1,700 and a jump to $1,850 both occurring and quickly being erased. Since the fallout of Silicon Valley Bank (SVB), Bitcoin has been seeing an astounding performance,…