04

Mar

UPDATED: Bitcoin bursts above $65,000, record high comes into view

By Amanda Cooper and Tom Westbrook LONDON/SINGAPORE, March 4 (Reuters) - Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within…

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29

Feb

Soaring bitcoin set for biggest monthly jump since 2020

SINGAPORE, Feb 29 (Reuters) - Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range…

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29

Jan

EU reinforces tight limits on crypto firms from outside bloc

By Huw Jones LONDON, Jan 29 (Reuters) - Crypto companies based outside the EU will only be able to directly serve customers within the bloc under very limited conditions to…

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25

Nov

Which crypto bosses besides Binance’s CZ are in US authorities’ crosshairs?

By Niket Nishant, Hannah Lang and Tom Wilson  (Reuters) - Binance chief Changpeng Zhao will step down and plead guilty to breaking criminal U.S. anti-money laundering laws as part of…

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23

Oct

Crypto’s role in terrorist financing

LONDON, Oct 23 (Reuters) - Cryptocurrency's role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas.…

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07

Jun

US tightens crackdown on crypto with lawsuits against Coinbase, Binance

By Jonathan Stempel, Hannah Lang and John McCrank NEW YORK (Reuters) - The top U.S. securities regulator sued cryptocurrency platform Coinbase , the second lawsuit in two days against a…

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27

May

No way to police all cryptocurrency fraud, CFTC commissioner says

By Luc Cohen NEW YORK, (Reuters) - A top U.S. regulator said this week there is no way to police all cryptocurrency fraud because there is so much, though her…

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26

Mar

Despite industry headwinds, Bitcoin mining booms in Texas

By Evan Garcia and Dan Fastenberg MCCAMEY, Texas (Reuters) - Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas, according to a…

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23

Jan

EU lawmakers to vote on tighter crypto, ESG rules for banks

Lawmakers to vote on tougher shadow bank rules Lawmakers seek to tie ESG with bonuses Lawmakers seek to align with global rules on crypto By Huw Jones (Reuters) - Banks…

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20

Jan

Crypto lending unit of Genesis files for U.S. bankruptcy

(Reuters) - The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender…

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15

Jan

Crypto crime hits record $20 bln in 2022, report says

By Elizabeth Howcroft LONDON (Reuters) - Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics…

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12

Jan

Bulgaria launches probe of crypto lender Nexo, raids sites

SOFIA, Jan 12 (Reuters) - Bulgarian prosecutors have launched an investigation into alleged illegal activities conducted by cryptocurrency lender Nexo, they said on Thursday, raiding more than 15 sites in…

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04

Jan

Banks should be more cautious on crypto contagion risks, U.S. regulators warn

By Hannah Lang  (Reuters) - Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators warned, just two months after…

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01

Jan

Cryptocurrencies at crossroads after annus horribilis

By Vidya Ranganathan SINGAPORE (Reuters) - To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure. Crashes, contagion,…

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14

Dec

Germany calls for global regulation of crypto industry

FRANKFURT, Dec 14 (Reuters) - Germany's top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. Mark Branson,…

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04

Dec

Crypto meltdown a boon for bankruptcy lawyers

By Andrew Goudsward (Reuters) - Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain:…

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21

Nov

FTX shows need to regulate crypto before it gets big, says Bank of England

LONDON, Nov 21 (Reuters) - The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe…

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14

Nov

Binance CEO says crypto industry needs clarity of regulations

NUSA DUA, INDONESIA, Nov 14 (Reuters) - Dominant cryptocurrency exchange Binance's chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent…

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10

Nov

Crypto markets teeter with FTX after Binance abandons bailout

HONG KONG/SINGAPORE, Nov 10 (Reuters) - Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of…

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31

Oct

Hong Kong proposes allowing retail trade in cryptocurrencies

HONG KONG, Oct 31 (Reuters) - Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds - a move it hopes will help it…

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26

Oct

Crypto industry disappointed as Australia looks to enshrine tax rules

SYDNEY, Oct 26 (Reuters) - The cryptocurrency industry said on Wednesday it was disappointed with Australia's decision to continue treating digital currencies as assets for tax purposes, and not as…

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09

Oct

MENA emerges as world’s fastest-growing crypto adopter -study

DUBAI, (Reuters) - The Middle East and North Africa are the world's fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to…

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07

Oct

Hackers steal around $100 million cryptocurrency from Binance-linked blockchain

LONDON, Oct 7 (Reuters) - A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the…

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23

Sep

Cost of crypto: report says U.S. bitcoin as dirty as 6 million cars

LOS ANGELES, Sept 23 (Thomson Reuters Foundation) - The carbon footprint of the U.S. bitcoin industry is rising at breakneck speed, a report from environmental groups found on Friday, now…

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16

Sep

Biden administration wants more crypto enforcement, digital asset rules

Sept 16 (Reuters) - U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said in reports published on Friday.…

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19

Aug

Sudden crypto drop sends bitcoin to 3-week low

SINGAPORE, Aug 19 (Reuters) - Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. The reason for the drop was not immediately clear. Bitcoin fell…

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09

Aug

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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20

Jul

Crypto.com, Trade Republic register for crypto services in Italy

Singapore-based Crypto.com and German investment platform Trade Republic said they had registered as cryptocurrency operators in Italy, following in the tracks of rivals such as Binance and Coinbase. In an…

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15

Jul

FACTBOX-Crypto firms run into hardships

Crypto firms, which boomed during the COVID-19 pandemic, have run into difficulties recently due to a slump brought on by the downfall of a major token in May and a…

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11

Jul

G20 watchdog to propose first global crypto rules in October

LONDON, July 11 (Reuters) - The Financial Stability Board (FSB) said on Monday it would propose "robust" global rules for cryptocurrencies in October, following recent turmoil in markets that has highlighted the…

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03

Jul

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL (Reuters) - The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of…

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03

Jul

EXPLAINER – EU agrees rulebook for ‘Wild West’ crypto markets

LONDON (Reuters) - The European Union this week reached a provisional deal on the world's first set of comprehensive rules to regulate what one lawmaker called the "Wild West" crypto market.  WHAT…

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02

Jul

Crypto hedge fund Three Arrows files for Chapter 15 bankruptcy

 (Reuters) - Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows foreign debtors to shield…

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01

Jul

EU agrees rules to tame ‘Wild West’ crypto market

LONDON, July 1 (Reuters - Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc…

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30

Jun

Basel revises bank crypto capital plan to include blockchain

LONDON, June 30 (Reuters) - Banks should take a conservative approach to setting aside capital to cover risks from "unbacked" crypto assets on their books, the global Basel Committee of banking regulators…

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30

Jun

North Korea may be behind new $100 mln cryptocurrency hack

SEOUL, June 30 (Reuters) - North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a U.S. company, three digital investigative…

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22

Jun

Financial watchdogs should do more to protect crypto traders, top Swiss regulator says

ZURICH, June 22 (Reuters) - Cryptocurrency trading increasingly resembles the U.S. stock market of the late 1920s, Switzerland's top market regulator said on Wednesday, calling for regulators to take more action to…

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13

Jun

Cryptocurrency market value slumps under $1 trillion

LONDON, June 13 (Reuters) - The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as…

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13

Jun

UPDATED: Bitcoin slides after crypto lender Celsius Network freezes withdrawals

LONDON, June 13 (Reuters) - Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions, in the latest sign of how financial market…

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30

May

India ready with consultation paper on cryptocurrencies

NEW DELHI, May 30 (Reuters) - Inflation in India should moderate in coming months and the government is ready with its consultation paper on cryptocurrencies, economic affairs secretary Ajay Seth told reporters…

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28

May

Get your crypto house in order, old guard tells Davos debutantes

Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World…

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13

May

Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto

SINGAPORE, May 13 (Reuters) - Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled…

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12

May

Global crypto regulation body likely in next year, top official says

LONDON/HONG KONG, May 12 (Reuters) - Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. Ashley…

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12

May

UPDATED: Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG / LONDON, May 12 (Reuters) - The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar…

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11

May

EXPLAINER-Does the cryptocurrency crash pose a threat to the financial system?

WASHINGTON, May 11 (Reuters) - On Tuesday, bitcoin  fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the…

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04

Mar

Close loopholes to prevent crypto investors bypassing Russia sanctions, EU lawmaker says

LONDON, March 4 (Reuters) - The European Union should introduce measures to plug loopholes that could allow investors in cryptoassets to bypass sanctions on Russia over its invasion of Ukraine, a senior…

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20

Feb

Time to ready global response to crypto risks, regulators say

Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog…

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10

Feb

RBI chief  warns Indians against cryptocurrencies,

MUMBAI, Feb 10 (Reuters) - India's central bank chief delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even a tulip - in a…

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09

Feb

Crypto donations soar to groups backing Ukraine’s government – Elliptic report

Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces, according to a report showing such groups received more than $550,000…

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09

Feb

U.S. Justice Department solves its biggest-ever cryptocurrency theft

WASHINGTON/NEW YORK (Reuters) - The U.S. Justice Department said it has unraveled its biggest-ever cryptocurrency theft, seizing a record-shattering $3.6 billion in bitcoin tied to the 2016 hack of digital…

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07

Feb

Crypto firms launch coalition to promote market integrity

Feb 7 (Reuters) - A group of major cryptocurrency firms including Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in…

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03

Feb

UPDATED: Crypto platform Wormhole says “funds are safe” after $320 million  hack, Hack is fourth-biggest ever crypto theft

Feb 3 (Reuters) - Cryptocurrency platform Wormhole said on Thursday that "all funds are safe" after hackers stole more than $320 million from its site in the fourth-largest crypto heist…

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30

Jan

Crypto money laundering rises 30% in 2021 -Chainalysis

NEW YORK (Reuters) - Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30% from 2020, according to a report from blockchain analysis firm Chainalysis released this week. Overall, cybercriminals…

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17

Jan

Spanish supervisor to get more control over crypto-asset advertising

MADRID, Jan 17 (Reuters) - Mass crypto-asset advertising campaigns in Spain will require an authorisation from the stock market supervisor CNMV, the government said on Monday in its official bulletin.…

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16

Jan

Crypto companies bet new mayor will make New York digital asset hub

With U.S. cities such as Miami and Austin trying to court digital asset companies, John Wu was unsure whether to make New York City the permanent home of his cryptocurrency…

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15

Jan

A quarter of small businesses across nine countries plan to offer crypto payments -Visa survey

Almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022, while 13% of consumers in those…

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14

Jan

N.Korean hackers stole $400 mln in cryptocurrency in 2021 – report

SEOUL, Jan 14 (Reuters) - North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year, one of its most…

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