New York couple accused of laundering $4.5 billion in crypto still in plea talks
By Sarah N. Lynch WASHINGTON – A New York couple accused of laundering $4.5 billion in cryptocurrency tied to the 2016 hack of digital currency …
Crypto
Global regulators push ahead with crypto bank capital rules
By Huw Jones LONDON – Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to …
Bitcoin lures inflation-weary Argentines despite crypto crash
By Hernan Nessi and Agustin Geist BUENOS AIRES – In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries …
Crypto lender Babel Finance valued at $2 billion after latest fundraising
(Reuters) – Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and …
‘Pay more attention’ Ethereum co-founder says of crypto crash
By Jessica DiNapoli DAVOS, Switzerland – Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after …
Crypto markets may pose risks to wider financial stability, ECB warns
By Francesco Canepa and Tom Wilson FRANKFURT -Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the …
Crypto exchange BitMEX co-founder gets 6 months house arrest for U.S. charges
NEW YORK – The co-founder and former chief executive of the cryptocurrency exchange BitMEX has been sentenced to six months of house arrest after pleading …
U.S. crypto lobbyists in push to contain fallout from stablecoin meltdown
By Hannah Lang WASHINGTON – The cryptocurrency industry is scrambling to respond to U.S. lawmakers’ concerns about stablecoins following the collapse of TerraUSD, which wiped …
Small players lose faith in crypto after sell-off
By Hannah Lang, Savio Shetty and Lisa Pauline Mattackal WASHINGTON/MUMBAI – Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since …
U.S. SEC chair says much to be done to protect crypto investors
By John McCrank (Reuters) – Cryptocurrency assets are highly speculative and investors in them need more protections or they could lose trust in the markets, …
Nigeria’s markets regulator publishes rules on crypto assets
LAGOS – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle …
Crypto exchange Binance hires former Deputy U.S. Attorney to manage legal affairs
(Reuters) – Binance on Wednesday named Joshua Eaton, a former Deputy U.S. Attorney in the Northern District of California, as the deputy general counsel of …
General Atlantic leads $105 million funding in crypto trading platform Talos
(Reuters) – Digital asset trading platform Talos said on Tuesday it has raised $105 million in an early-stage funding round led by U.S. private equity …
Gucci jumps on the crypto bandwagon with U.S. project
(Reuters) – Gucci’s high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some U.S. stores, the Italian company said, …
Citadel Securities founder Griffin likens crypto value to abstract art
By John McCrank NEW YORK – Ken Griffin, the billionaire founder of Citadel Securities, one of the world’s biggest market-making firms, said on Monday he …
FTX chief welcomes more regulation as CFTC weighs its crypto derivatives proposal
By Lisa Pauline Mattackal (Reuters) – Crypto exchange FTX’s move to seek regulatory approval for direct trading in cryptocurrency derivatives will leave the door open …
Crypto firms seek clearer U.S. rules on their interest-bearing products
By Hannah Lang (Reuters) – Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead …
Special Report-How crypto giant Binance built ties to a Russian FSB-linked agency
By Angus Berwick and Tom Wilson VILNIUS – In April 2021, Russia’s financial intelligence unit met in Moscow with the regional head of Binance, the …
New U.S. sanctions imposed for Russian bank, oligarchs, crypto miner BitRiver
By Daphne Psaledakis and David Brunnstrom WASHINGTON -The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank …
Crypto exchange Coinbase launches NFT marketplace for some U.S. users
By Elizabeth Howcroft LONDON – Major U.S. crypto exchange Coinbase Global Inc launched its NFT marketplace on Wednesday, in a sign of confidence in the …
Australia’s CBA rebuffs reports of partnership with crypto trading platform
(Reuters) – Commonwealth Bank of Australia warned of a fake news article doing rounds on social media platforms alleging the country’s No. 1 lender to …
Last-minute tax tips for U.S. crypto investors
By Chris Taylor NEW YORK – When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a …
U.S. crypto researcher sentenced to five years for helping North Korea evade sanctions
By Jody Godoy (Reuters) – A former researcher at a high-profile cryptocurrency group was sentenced to five years and three months in prison on Tuesday …
U.S. FDIC asks banks for info on crypto activities, cites potential ‘systemic risks’
WASHINGTON – The U.S. Federal Deposit Insurance Corporation (FDIC) on Thursday said the thousands of banks it supervises should notify the regulator of any crypto-related …
Nearly half of crypto owners first bought digital assets in 2021 -survey
By Hannah Lang (Reuters) – Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for …
Russian invasion, crypto trading drive ‘tail risks’ for U.S. banks -regulator
By Pete Schroeder WASHINGTON – A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk …
U.S. SEC says crypto safekeeping arrangements should be treated as liability
By Michelle Price WASHINGTON – U.S. listed companies that hold cryptocurrencies on behalf of users and customers should account for those assets as a liability …
U.S. securities regulator names crypto, ESG among 2022 exam priorities
WASHINGTON -The U.S. Securities and Exchange Commission (SEC) on Wednesday flagged crypto-assets, information security, the private fund sector and environmental, social and governance issues among …
Japan to revise foreign exchange law to end crypto loophole for sanctions on Russia
By Kantaro Komiya TOKYO – Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine …
Crypto offshoot DeFi throws up new risks for investors, global regulators say
By Tom Wilson LONDON – Decentralised finance – or DeFi – is throwing up new risks for investors as it evolves to mirror traditional markets, …
ECB warns crypto firms against sanctions busting
FRANKFURT – Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry …
Crypto sector posts outflows for 2nd straight week – CoinShares
By Gertrude Chavez-Dreyfuss NEW YORK – Cryptocurrency investment products and funds showed net outflows for a second straight week, a report from digital asset manager …
U.S. Treasury official sees modest uptick in crypto illicit finance, but transactions small
By Andrea Shalal and Hannah Lang WASHINGTON – U.S. officials have observed an uptick in the use of digital assets to facilitate illicit finance since …
U.S. Democrats introduce bill to curb Russian crypto use amid Ukraine crisis
By Hannah Lang – Democratic U.S. senators introduced a bill on Thursday that would enable the president to sanction foreign cryptocurrency firms doing business with …
Be ready to lose all your money in crypto, EU regulators warn
LONDON – Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs …
Dubai grants crypto exchange Binance a virtual asset licence
DUBAI – The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from …
Founders of Crypto ICO Sentenced to Combined 8 Years in Prison for Tax Evasion After Raising $24 Million from Investors
The owners of a cryptocurrency company have been sentenced to a combined 8 years in federal prison for tax evasion, announced U.S. Attorney for the …
U.S. Treasury launches campaign to educate public about crypto risks
By Hannah Lang – The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital …
U.S. crypto exchange CoinZoom pausing new accounts within Russia -CEO
By Hannah Lang – Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country’s escalating conflict in Ukraine, the company’s …
U.S. Treasury warns crypto firms on Russia cybersecurity threat – source
By Hannah Lang – The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory …
Crypto exchange Coinbase stops short of blanket ban on Russian accounts
– U.S. cryptocurrency exchange Coinbase Global Inc will continue to block accounts and transactions of Russian clients targeted by sanctions, but it stopped short of …
Buffett business partner Munger laments U.S.-China tensions, calls crypto ‘venereal disease’
By Jonathan Stempel – Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said it is “massively stupid” for tensions to escalate between …
Crypto firm Fireblocks buys payments tech platform for $100 million
By Gertrude Chavez-Dreyfuss NEW YORK – Fireblocks, an infrastructure provider for cryptocurrencies, has acquired First Digital, a stablecoin and digital asset payments technology platform. Fireblocks …
Coinbase to let crypto recipients in Mexico cash out in local currency
By Sheila Dang – Coinbase Global on Tuesday said it is launching a pilot program to allow cryptocurrency recipients in Mexico to cash out their …
Crypto investors face more uncertainty after rocky start to 2022
By John McCrank NEW YORK -Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to …
Intel launches blockchain chip to tap crypto boom
– Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising …
Investor-focused social media firm Stocktwits rolls out crypto trading
By Medha Singh – Stocktwits.com, one of the social media sites at the heart of last year’s retail trading mania, launched a crypto trading platform …
Crypto giant Binance restricts 281 Nigerian accounts
LAGOS – Binance, the world’s largest cryptocurrency exchange, has restricted the personal accounts of 281 Nigerian users, citing a need to comply with international money …
Biden Reportedly Plans To Regulate Crypto Over National Security Concerns
President Joe Biden is set to announce guidelines for regulating cryptocurrencies in the coming weeks, Barron’s reported. The initiative will involve the State Department, Treasury …
Cyber Criminals Steal Millions After Hacking Popular Crypto Exchange
Hackers stole millions in digital assets from popular cryptocurrency exchange Crypto.com, the company announced Thursday. Crypto.com said in a blog post that hackers had compromised 483 …