As regulators scrutinise FTX, rival exchanges try to reassure investors

Crypto.com CEO says it will publish proof of reserves Bitcoin steadies around $16,700 Binance CEO plans “industry recovery fund” Smaller exchange AAX halts withdrawals SINGAPORE/LONDON, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies remained under pressure on Monday following last week’s collapse of crypto exchange FTX while rival exchanges sought to reassure jittery investors of … Read more

FTX looks for $9.4 bln in rescue funds from investors, rivals

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Over the past few hours, Bankman-Fried has discussed raising $1 billion each … Read more

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

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with … Read more

Kenya, Nigeria central bankers criticise crypto, tout digital currencies

June 10 (Reuters) – Cryptocurrencies pose risks to financial stability, but central bank digital currencies could solve problems such as bringing the poor into the financial system or cutting transaction costs, Kenyan and Nigerian central bankers said on Friday. Nigeria’s eNaira digital currency, introduced last October, is a boon for inclusion, Kingsley Obiora, deputy governor … Read more