Cryptocurrency

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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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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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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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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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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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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Softbank-backed Brazilian crypto firm 2TM acquires Portuguese exchange CriptoLoja

NEW YORK, Jan 12 (Reuters) - Softbank-backed Brazilian company 2TM, which runs Latin America's largest cryptocurrency exchange Mercado Bitcoin, said on Wednesday it will acquire a controlling stake in Lisbon-based…

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First LGBT+ cryptocurrency bets on ‘changing the world’

It might sound like a marketing gimmick, but the founders of the first LGBT+ cryptocurrency said they want to harness the community’s economic power with the aim of “changing the…

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Bitcoin, ether near multi-month lows following hawkish Fed minutes

HONG KONG, Jan 6 (Reuters) - Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve's last meeting showed it leaning toward more aggressive policy…

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U.S. risks ‘chilling’ regulations on crypto, industry warns Congress

WASHINGTON, Dec 8 (Reuters) - Top executives from six cryptocurrency firms will on Wednesday tell Congress to tread lightly in imposing new rules on digital assets - or risk sending…

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Visa launches crypto advisory service for financial institutions, merchants

Visa Inc, the world's largest payment processor, launched a global crypto advisory service for its banking clients and merchants on Wednesday, as the adoption of digital currencies gains steam. The…

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Cryptocurrency exchange Coinstore enters India despite pending curbs on trade

MUMBAI, Nov 28 (Reuters) - Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private…

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Australian regulator says crypto investors ‘on their own’ for now

SYDNEY, Nov 22 (Reuters) - Australia's corporate watchdog said on Monday it was working with lawmakers to develop rules for digital currencies but warned many crypto assets remained unregulated for…

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India may create obstacles to crypto trading and holding

MUMBAI/NEW DELHI, Nov 18 (Reuters) - India plans to tighten regulation of cryptocurrencies to deter investors from holding them though the government is unlikely to follow through with an earlier…

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Bitcoin heads for worst week in months as Mt Gox payouts loom

SYDNEY, Nov 19 (Reuters) - Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a…

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India’s Modi urges democracies cooperate to make cryptocurrencies safe

MUMBAI, Nov 18 (Reuters) - Indian Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure cryptocurrencies like Bitcoin do not "end up in the wrong hands", delivering…

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India could bar transactions in crypto

MUMBAI, Nov 17 (Reuters) - India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares…

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Indonesian Islamic body forbids crypto as currency

JAKARTA, Nov 11 (Reuters) - The Indonesian Ulema Council (MUI), a top body of clerics, has ruled that using cryptocurrencies as a means of payment is unlawful in Islam, but…

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Crypto rally lifts ether to new record, bitcoin to near 3-week high

Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears. Bitcoin jumped…

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Ether scales $4,600 to record high, bitcoin trails

SINGAPORE, Nov 3 (Reuters) - Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin's rally and riding on news of wider blockchain adoption. The…

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Australia’s CBA offers crypto trading, breaks ranks with industry

SYDNEY, Nov 3 (Reuters) - Commonwealth Bank of Australia will become the country's first main-street bank to offer a platform for retail customers to trade cryptocurrencies, breaking industry ranks as…

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Cryptocurrency ether hits all time high of $4,400

HONG KONG, Oct 29 (Reuters) - Ether the world's second largest cryptocurrency hit a all time high on Friday, a little over a week after larger rival bitcoin set its…

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Australia should change laws to accommodate crypto, Senate report says

SYDNEY, Oct 21 (Reuters) - Australia needs to introduce new regulations for digital asset miners, such as tax discounts and a licensing regime for crypto exchanges, to be "competitive with…

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Bitcoin sits below all-time high after U.S. ETF debut

Bitcoin hovered below record levels on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive…

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Hindu group urges India to regulate platforms, cryptocurrency

A powerful right-wing Hindu group linked to India's ruling party has called for curbs on streaming platforms and cryptocurrencies, saying regulation was essential. "There is a need to regularise these…

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Russia’s Putin says crypto has ‘value’, but maybe not for trading oil

Russian President Vladimir Putin thinks cryptocurrencies have value — but he’s not convinced they can replace the U.S. dollar in settling oil trades. Some months ago, Russia’s deputy prime minister,…

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Cryptocurrencies post eight straight weeks of inflows – CoinShares data

Cryptocurrency products and funds attracted $226.2 million in investments last week, marking their eighth straight week of inflows, a report from digital asset manager CoinShares showed. Over an eight-week run,…

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JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless." "No matter what…

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China proposes adding cryptocurrency mining to ‘negative list’ of industries

China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a…

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Swiss markets watchdog approves first crypto assets fund

Switzerland's financial markets supervisor said on Wednesday it had approved the country's first fund that invests primarily in crypto assets. The Crypto Market Index Fund is restricted to qualified investors…

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Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown

Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing last Friday issued a blanket ban on all crypto trading and…

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China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

SHANGHAI/LONDON, Sept 24 (Reuters) - China's most powerful regulators on Friday intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and…

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A glimpse under the hood of El Salvador’s bitcoin experiment

El Salvador on Tuesday rolled out cryptocurrency bitcoin as legal tender, an unprecedented move that faced some technical hiccups on its first day and left many wondering how it will…

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UK financial watchdog says it needs powers over crypto promotions

Creating a regulatory regime for the decentralised world of cryptoassets will take careful thought, Britain's Financial Conduct Authority (FCA) said on Monday. Britain's finance ministry has already consulted publicly on…

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Cuba authorizes and seeks to regulate cryptocurrency use

Cuba said this week it would authorize and regulate the use of cryptocurrency, a move that could help the Communist-run country skirt U.S. sanctions that have complicated transactions through the…

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South Korea to toughen rules to collect cryptocurrencies from tax dodgers

South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry…

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Binance stops crypto margin trading against pound, Aussie dollar, euro

Binance, the world's largest cryptocurrency exchange, said on Monday that it would stop offering cryptocurrency margin trading involving the Australian dollar, euro and sterling. The cryptocurrency exchange's curbs on its…

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Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive…

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UK financial watchdog warns consumers over CoinBurp crypto launch

Crypto broker CoinBurp is not fully authorised before Monday's planned launch of its $BURP token and initial exchange offering, Britain's Financial Conduct Authority (FCA) said on Sunday, in its latest…

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Crypto exchange Binance not authorised, Italian regulators say

Binance is not authorised to carry out activities in Italy, the country's market watchdog said on Thursday, joining a string of global regulatory moves against the cryptocurrency exchange. Binance Group…

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Cryptocurrency trading volumes slump 40% in June, data shows

Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing…

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Britain bans Binance in latest cryptocurrency crackdown

Britain's financial regulator has ordered Binance, one of the world's largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform which is coming…

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China’s ban forces some bitcoin miners to flee overseas, others sell out

China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places…

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Crypto is ‘rat poison’, a third of mainstream investment firms tell JPM

Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as "rat poison" or predicting it would be a temporary fad.…

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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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China’s cryptocurrency-mining crackdown spreads to Sichuan

China's crackdown on cryptocurrency "mining" has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre. Cryptomining is big business in…

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Malta: Crypto wallet used to store loot from $700,000 fraud, court told

A 25-year-old company director has been denied bail this afternoon after being charged with fraudulently obtaining $700,000 from a car dealer and storing them in a “crypto wallet,” to which…

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More people view crypto assets as acceptable investment, says UK watchdog

More people see crypto assets as a mainstream investment rather than a "gamble" as ownership of bitcoin and similar crypto currencies has risen to 2.3 millon adults in Britain this…

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Unregulated spread of cryptocurrencies a concern, says Italian regulator

The spread of cryptocurrencies without any clear regulation is a cause for concern and could damage the way the market operates, the head of Italy's stock market regulator said on…

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China arrests over 1,100 suspects in crackdown on crypto-related money laundering

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said.…

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Leading crypto exchanges scout entry into India despite potential ban

Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi…

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China blocks several cryptocurrency-related social media accounts amid crackdown

A slew of crypto-related accounts in China's Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining. More actions are expected,…

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UPDATED: UK regulator says cryptoasset firms not meeting anti-money laundering rules

Many cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules, the country's financial watchdog said on Thursday, showing how some parts of the emerging sector are struggling…

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Ethereum rises 5% at $2,509; bitcoin firm

Cryptocurrency Ethereum climbed over 5% on Monday to $2,523 but remained more than 40% below a record high of above $4,300 hit earlier this month. At 0950 GMT, it was…

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UPDATED: Crypto miners halt China business after Beijing cracks down, bitcoin dives

Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of…

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UPDATED: Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn

Tesla Inc boss Elon Musk denounced the "insane" amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of…

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UPDATED: Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although…

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