Cryptoverse: Hack jitters push bitcoin investors back to the future

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s … Read more

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

Alexander Vinnik, a 38 year old Russian man suspected of running a money laundering operation using bitcoin, is escorted by police officers to a court in Athens, Greece December 13, 2017. REUTERS/Costas Baltas Register now for FREE unlimited access to Reuters.com Register MOSCOW, Sept 5 (Reuters) – The lawyer of a Russian man accused of … Read more

From burgers to gadgets, stressed consumers buy cheap

NEW YORK/LONDON, July 26 (Reuters) – Some global consumers are showing signs of cracking as shoppers stressed by record inflation stick to buying staples like food, bleach and cheap burgers, while those with larger bank accounts are buying $3,000 at Louis Vuitton. handbags Investors are closely watching second-quarter corporate results for signs that economies are … Read more

Tesla quarterly profit beats estimates; sells most of its bitcoin

A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a higher-than-expected quarterly profit as a string of price increases on its best-selling electric vehicles helped offset production challenges caused by … Read more

Global regulators back ‘same risk, same regulation’ for stablecoins

LONDON, July 13 (Reuters) – Major stablecoins must comply with the same safeguards as traditional forms of payments, global regulators said on Wednesday, tightening controls over a battered crypto sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or to a commodity, to avoid the volatility that makes bitcoin and … Read more

Basel revises bank crypto capital plan to include blockchain

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Banks should take a conservative approach to setting aside capital to cover risks from “unbacked” … Read more

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

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, June 22 (Reuters) – Cryptocurrency trading increasingly resembles the U.S. stock market of the late 1920s, Switzerland’s top market … Read more

Crypto fears now materialising, central bank body BIS says

LONDON, June 21 (Reuters) – Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body for central banks, sounded the warning in an upcoming annual report, in which it also urged more effort in developing … Read more