Bitcoin mining struggles to go green, research shows

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 18, 2021. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 27 (Reuters) – Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year … Read more

Senate bill would hand bitcoin, ether oversight to commodities regulator

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 3 (Reuters) – A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission … Read more

Crypto exchange FTX has “a few billion” to support industry – Bankman-Fried

FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register July 6 (Reuters) – Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his … 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 giant Tether to launch sterling-pegged stablecoin

Smartphone with Tether logo is placed on displayed U.S. dollars in this illustration taken, May 12, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 22 (Reuters) – Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Bitcoin stems heavy losses but pessimism reigns in crypto markets

LONDON, June 14 (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816, its … Read more

Binance U.S. exchange sued by crypto investor over stablecoin collapse

NEW YORK, June 13 (Reuters) – Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last month. Stablecoins are digital tokens pegged to the value of traditional assets, such as … Read more