MENA emerges as world’s fastest-growing crypto adopter -study
By Yousef Saba DUBAI (Reuters) – The Middle East and North Africa are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in …
Crypto
Celsius co-founder and strategy head Leon resigns from bankrupt crypto lender
(Reuters) – Celsius Network’s co-founder and chief strategy officer Daniel Leon has stepped down, the bankrupt crypto lender said on Tuesday, joining a wave of …
U.S. Treasury encourages new laws to address crypto regulation gaps
By Hannah Lang (Reuters) – The Financial Stability Oversight Council (FSOC), a U.S. regulatory panel comprising top financial regulators, on Monday recommended that Congress pass …
Crypto lender Celsius not seeking payments for outstanding loans
(Reuters) – Bankrupt crypto lender Celsius Network said on Friday it is not seeking to enforce payment obligations for outstanding loans during its Chapter 11 …
UK watchdog dismisses criticisms over crypto authorisations
By Huw Jones and Elizabeth Howcroft LONDON (Reuters) – Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were …
Crypto regulation laggards spur arbitrage risk – French central banker
PARIS (Reuters) – Countries that are slow to build up regulations for crypto assets could create arbitrage risks that players operating globally could exploit, the …
Nasdaq bets big on digital assets despite crypto turmoil
(Reuters) – Nasdaq Inc is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at …
White House Report Bashes Crypto, Boosts Fed-Controlled ‘Digital Currency’
White House Report Bashes Crypto, Boosts Fed-Controlled ‘Digital Currency’ John Hugh DeMastri on September 16, 2022 The White House today criticized the volatility and lack …
Biden administration targets crypto enforcement, digital asset rules
By Hannah Lang (Reuters) -U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said …
U.S. SEC to set up new office for crypto filings
(Reuters) – The U.S. securities regulator will set up two new offices to deal with filings related to crypto assets and the life sciences sector, …
Crypto lender Hodlnaut granted creditor protection by Singapore Court
(Reuters) – Hodlnaut said on Tuesday it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender suspended …
Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft
By Jonathan Stempel NEW YORK (Reuters) – Celsius Network LLC on Tuesday sued a former investment manager, accusing him of losing or stealing tens of …
Australian govt embarks on crypto stocktake ahead of sector regulation
SYDNEY (Reuters) – Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left …
Canadian pension fund CDPQ explores legal options over failed crypto firm
By Niket Nishant and Divya Rajagopal (Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is exploring legal options over bankrupt …
ECB steps in as banks dip toes in crypto pool
By Huw Jones LONDON (Reuters) – The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have …
Federal Reserve issues guidance for banks considering crypto activities
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing …
Losses from crypto hacks surged 60% to $1.9 billion in Jan-July -Chainalysis
By Gertrude Chavez-Dreyfuss NEW YORK – Losses arising from cryptocurrency hacks jumped nearly 60% in the first seven months of the year to $1.9 billion, …
Crypto derivatives volumes surge to $3.12 trillion in July – CryptoCompare
By Elizabeth Howcroft LONDON – Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on …
Australian crypto ownership warrants consumer protection, says regulator
SYDNEY – Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from financial advisers, …
Binance says it is winning crypto clients thanks to inflation
By Marcelo Rochabrun LIMA – Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong …
Crypto platform Zipmex to start releasing Bitcoin, Ether for customers
BANGKOK – Crypto exchange Zipmex will release Ethereum and Bitcoin tokens from this week, a spokesperson said on Monday, allowing 60% of its customers to …
Crypto lender Voyager Digital gets approval to return $270 million to customers – WSJ
(Reuters) – The U.S. Bankruptcy Court in New York has given crypto firm Voyager Digital Holdings Inc the approval to return $270 million in customer …
Crypto firm Blockchain.com registers with Italian regulator
(Reuters) – London-based crypto firm Blockchain.com said on Thursday it had registered as a virtual asset service provider in Italy, the latest in a string …
‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks
‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks John Hugh DeMastri on August 2, 2022 Robinhood, a major player in the retail investing …
FDIC urges banks to police misleading crypto claims on deposit insurance
WASHINGTON – A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds …
U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director
By Katanga Johnson and Michelle Price WASHINGTON – The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp …
Cage The Kraken? Massive Crypto Firm Investigated For Allegedly Flouting Iran Sanctions
Cage The Kraken? Massive Crypto Firm Investigated For Allegedly Flouting Iran Sanctions John Hugh DeMastri on July 26, 2022 One of the world’s largest cryptocurrency …
Crypto Bros Host Wild Illegal Party In Paris Catacombs
Crypto Bros Host Wild Illegal Party In Paris Catacombs Max Keating on July 19, 2022 Ethereum cryptocurrency developers convened 65 feet underground in the Paris …
Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off
By Dietrich Knauth (Reuters) – Cryptocurrency lender Celsius Network said bitcoin mining is key to the company’s restructuring efforts at a U.S. bankruptcy court hearing …
Global crypto rules needed to keep markets clean, says UK watchdog
By Huw Jones LONDON – Global rules are needed to regulate international crypto firms like Binance and “keep markets clean”, Britain’s Financial Conduct Authority said …
Crypto hedge fund Three Arrows’ liquidators get OK to claim U.S. assets
By Dietrich Knauth (Reuters) – Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay …
G20 watchdog to propose first global crypto rules in October
By Huw Jones LONDON -The Financial Stability Board (FSB) said on Monday it would propose “robust” global rules for cryptocurrencies in October, following recent turmoil …
Russia to improve crypto transaction monitoring as regulation draws closer
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – Russia’s financial monitoring agency, Rosfinmonitoring, said …
Crypto exchange Genesis discloses exposure to bankrupt Three Arrows Capital
(Reuters) – Digital asset exchange Genesis Trading said on Wednesday it had been exposed to Three Arrows Capital (3AC), but had mitigated its losses after …
Crypto exchange FTX has “a few billion” to support industry – Bankman-Fried
By John McCrank and Megan Davies (Reuters) – Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still …
EU backs crypto anti-money laundering rules
(Reuters) -European Union negotiators on Wednesday reached a provisional agreement on anti-money laundering rules for cryptocurrencies that would spur crypto firms to check their customers’ …
Bitcoin miners sell their holdings amid crypto winter’s chill
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, …
Explainer-Can crypto holders recoup losses in court?
By Jody Godoy (Reuters) – A downturn in cryptocurrency prices and crash of one stablecoin has led some investors to try to recover their losses …
Some Brits turn to gambling, crypto to make ends meet, charity warns
LONDON – Britain’s worsening cost-of-living squeeze is pushing some people into gambling and cryptocurrency investments in last-ditch attempts to make ends meet, a gambling charity …
Crypto giant Tether to launch sterling-pegged stablecoin
By Elizabeth Howcroft and Tom Wilson LONDON – Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the …
Crypto fears now materialising, central bank body BIS says
By Marc Jones LONDON – Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for …
Babel Finance suspends withdrawals as crypto markets slump
(Reuters) – Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its …
Crypto volatility knocks more stablecoins off their peg
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Major cryptocurrency volatility has hit stablecoins, typically considered the market’s safer-havens, with investors pulling money out …
How crypto lender Celsius stumbled on risky bank-like investments
By Hannah Lang, Carolina Mandl and Elizabeth Howcroft (Reuters) – Celsius Network, the retail crypto lending platform whose liquidity problems have sent cryptocurrencies plunging, stumbled …
UBS has no role to play in algorithm-only crypto world-CEO
MILAN – Swiss bank UBS is working to offer digital services that allow customers to buy real assets, but would advise them to stay away …
Explainer-The world of crypto lending
By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON – Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing “extreme” …
BoE’s Bailey: latest crypto turmoil reinforces concerns
LONDON – Bitcoin’s slump on Monday after major U.S. crypto lending company Celsius Network froze withdrawals should remind investors that most crypto-assets have no intrinsic …
Singapore trading platform recognises crypto assets of accredited investors
By Anshuman Daga SINGAPORE – Singapore-based private securities platform ADDX said it has become the first financial firm in the city-state to recognise cryptocurrency in …
Britain makes crypto technology a priority for streamlining markets
By Huw Jones LONDON – Britain will begin live testing of crypto blockchain technology for traditional market activities such as trading and settlement of stocks …
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
(Reuters) – Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake …