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

Canada’s Conservatives pick populist in bid to oust Trudeau’s Liberals

Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept 10 (Reuters) – Canada’s Conservatives on Saturday picked Pierre Poilievre, a veteran parliamentarian who has promoted bitcoin as way to fight inflation, to spearhead the party’s bid to oust the Liberals and Prime Minister Justin Trudeau. Poilievre, 43, won leadership in the first round … Read more

A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

D.C. turf war opens crypto regulatory arbitrage

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 18 (Reuters Breakingviews) – Cryptocurrency ventures can divide and conquer Washington’s regulatory fiefdoms. The U.S. Federal Reserve staked out its turf this week, telling lenders to notify it if they offer services … Read more

Streaming next episode video: price war

A smartphone with the “Disney” logo is seen on the keyboard in front of the words “Streaming service” in this image illustration taken March 24, 2020. Sign up now for unlimited FREE access to Reuters.com List NEW YORK, August 9 (Reuters Breakingviews) – What a difference a year makes: Consumers have gotten off the couch; … Read more

Cryptoverse: Crypto lenders face a DeFi drubbing

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 June 21 (Reuters) – Crypto lending may not be down and out, but it’s certainly on the ropes. Crypto lenders have boomed over … Read more

Explainer: The world of crypto lending

A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 13 (Reuters) – Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing “extreme” market conditions, sparking a sell-off across crypto markets. read more Here’s what you … Read more