Crypto Currencies

Binance to end support for USDC stablecoin on Tron blockchain network

Cryptocurrency exchange Binance said on Monday customers would no longer be able to deposit and withdraw the dollar-pegged stablecoin USDC using the Tron blockchain network. Stablecoins are digital tokens that…

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Breezy bitcoin reclaims $1 trillion crown

Bitcoin is riding high. The world's largest cryptocurrency has leapt 22% this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since…

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Crypto lender Nexo seeks $3 billion in damages from Bulgaria over aborted investigation

Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans for a U.S. stock market listing and…

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Bitcoin falls to $40,000, lowest level since bitcoin ETF launch

Bitcoin fell to a seven-week low on Monday, hovering below $40,000 for the first time since the launch of 11 spot bitcoin exchange-traded funds on Jan. 11. The world's largest…

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Bitcoin climbs above $45,000 for first time since April 2022

Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible…

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IMF and regulators set out roadmap to contain crypto risks

Global financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate measures that stop cryptoassets from undermining macroeconomic and financial stability. Such risks are exacerbated…

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Mastercard, Binance to end crypto card partnership

Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email on…

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The e-euro, the EU’s answer to crypto

In a bid to play catch up with technology companies and younger generations of consumers, central banks are finally starting to take digital currencies seriously. Countries such as Sweden, China,…

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Watchdog proposes first set of global rules for crypto sector

International securities watchdog IOSCO on Tuesday proposed the first global approach to regulating cryptoasset markets, applying lessons from the collapse last year of FTX exchange that raised concerns over consumer…

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EU states approve world’s first comprehensive crypto rules

European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and…

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US regulator sues top crypto exchange Binance, CEO

The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao have been sued by the Commodity Futures Trading Commission (CFTC) for operating an "illegal" exchange and a…

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Crypto exchange Binance to halt sterling transfers

Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the crypto exchange ceased dollar transfers.Binance has been informed by its partner for…

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Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency - designed as…

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Investors pull around $6 billion out of Binance’s stablecoin

Binance's stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the token, according to market tracker CoinGecko. Paxos Trust…

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Visa, Mastercard pause crypto push in wake of industry meltdown – sources

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry,…

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Cryptoverse: Is bitcoin out of the woods?

(Reuters) - Have bitcoin and ether finally turned a corner? It's looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one…

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Cryptoverse: Big investors edge back to bitcoin

Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117…

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New York’s financial regulator takes aim at firms co-mingling crypto funds

New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers' crypto assets from their own, after alleged co-mingling of funds at collapsed crypto exchange FTX and its affiliated…

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Crypto contagion deepens: Coinbase to slash nearly 1,000 jobs

Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan, in a third round of layoffs for the cryptocurrency…

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Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit

The crypto industry's woes continued this week as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies. The…

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French clients file complaint against Binance over social media marketing practices

By Tassilo Hummel PARIS, Dec 20 (Reuters) - A group of French crypto investors have filed a criminal complaint against Binance, accusing the world's biggest crypto exchange of misleading the public and…

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Binance withdrawals hit $1.9 bln in 24 hours, data firm says

LONDON, Dec 13 (Reuters) - Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world's biggest crypto exchange said it…

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Cryptoverse: Messi takes on Ronaldo in fan coin world cup

The market for fan tokens, a volatile cocktail of crypto and sport, is heating up in the desert of Qatar. Interest in this niche breed of cryptocurrencies, typically linked to…

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Crypto lender BlockFi files for bankruptcy

ajor cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the…

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Two Estonian citizens arrested in $575 million cryptocurrency fraud, money laundering scheme

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S. Justice Department…

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FTX bankruptcy filings in, French central bank wants quick regulation

Collapsed crypto exchange FTX outlined a "severe liquidity crisis" in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the…

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Regulators propose first global rules before ‘crypto winter’ thaw

Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a "crypto winter" wiped $2 trillion off the…

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Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap – letter

The lawyer of a Russian man accused of laundering more than $4 billion through the digital currency bitcoin urged Moscow on Monday to begin negotiations with the United States to…

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Senate bill would hand bitcoin, ether oversight to commodities regulator

A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission (CFTC) the direct regulator of the biggest cryptocurrencies. The measure, introduced by the top Democrat and Republican on the Senate Agriculture Committee, would give the derivatives regulator exclusive…

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Crypto’s latest meltdown leaves punters bruised and bewildered

For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way. "I…

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Binance U.S. exchange sued by crypto investor over stablecoin collapse

Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called…

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How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers

In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of…

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Small players lose faith in crypto after sell-off

Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into…

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European crypto industry steps up efforts to influence EU policy

More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to bring to heel rapidly growing decentralised finance…

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Cryptoverse: 10 billion reasons bitcoin could become a reserve currency

A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown bitcoin…

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Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm…

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EP agrees new rules of supervision of cryptocurrencies

MEPs agreed on draft rules on supervision, consumer protection and environmental sustainability of crypto-assets, including cryptocurrencies such as bitcoins. Tthe Economic and Monetary Affairs Committee adopted, with 31 votes to…

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Cryptoverse: Bitcoin runs into Russian rules and regiments

Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to…

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Crypto firms launch coalition to promote market integrity

A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to…

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Crypto exchange Binance signs agreement with Dubai World Trade Centre

Cryptocurrency exchange Binance on Tuesday said it has signed a cooperation agreement with Dubai World Trade Centre Authority (DWTCA), which is working to establish an international virtual asset ecosystem. The Dubai World…

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Bank of England tells banks to be ‘especially cautious’ with crypto

Bank of England Governor Andrew Bailey warned banks and other regulated financial firms on Monday that they should be "especially cautious" about holding volatile cryptoassets until regulators put new rules in…

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Crypto assets are helping illegal activity, BoE’s Bailey says

Bank of England Governor Andrew Bailey said that the rise of crypto assets was helping illegal activity. "I'm afraid that the advent of digital means of payment, and in particular…

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British police seize record $408 million haul of cryptocurrency

British police have seized record hauls of cryptocurrency totalling 294 million pounds ($408 million) as part of an investigation into money laundering after organised crime groups moved into cyptocurrencies to wash their…

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UK watchdog issues warning about 111 unregistered crypto asset firms

Britain’s markets watchdog said on Tuesday that more than 100 unregistered crypto asset firms posed a risk to the broader financial system and warned consumers, banks and payment services companies…

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Bitcoin tumbles 10% in wake of deepening China crackdown

Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China's expanding crackdown on bitcoin mining in thin…

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Bitcoin, ethereum plunge as sell-off smashes crypto sector

Bitcoin and ether tumbled on Wednesday to 3-1/2 month lows, on track to post their largest one-day loss since March last year, in the wake of China's move a day…

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Turkey bans use of cryptocurrencies to purchase goods and services

ANKARA (Reuters) - Turkey's central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, a week after Turkish authorities demanded user information from trading platforms.…

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A Tesla for a bitcoin: Musk drives price to moon with $1.5 bln purchase

Feb 8 (Reuters) - Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk's electric vehicle company Tesla Inc revealed it had bought $1.5 billion of…

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Facebook ‘rethinks’ plans for Libra cryptocurrency

Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators. It is now considering a system with digital versions of established currencies, including the dollar…

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Cryptocurrency gaining popularity among Swiss as an investment

Cryptocurrencies as an investment class is becoming more popular among Swiss savers. Young people in particular are increasingly venturing into bitcoin and other digital money. A survey conducted by the market research institute Intervista on…

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Swiss ski resort accepts bitcoin for settling tax bills

The iconic ski resort of Zermatt has become the second local authority in Switzerland to allow residents to pay their tax bills using the cryptocurrency bitcoin. Zermatt, which lies in…

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Facebook’s Zuckerberg grilled in US Congress over ‘risky’ Libra

Facebook Inc CEO Mark Zuckerberg conceded that the company's planned digital currency Libra was a "risky project," but sought to reassure sceptical US lawmakers that it could lower the cost…

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UNICEF now accepting cryptocurrency donations

The UN children’s agency UNICEF as of Wednesday, will be able to receive, hold and disburse donations of cryptocurrencies and bitcoin through its newly established Fund, a first for UN…

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Another Swiss bank enters into cryptoassets

Arab Bank Switzerland has teamed up with blockchain technology firm Taurus to offer its wealthy clients access to bitcoin and ethereum. The bank joins a growing list of established players…

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Germany passes comprehensive blockchain strategy, vows to fight any efforts to issue parallel currencies

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France and Germany agree to block Facebook’s Libra

France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday. In a joint statement, the two governments affirmed that “no private entity can…

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Switzerland’s first crypto banks receive licences

The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate, a major milestone for the fledging…

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