Latest Cryptocurrencies News

U.S. Treasury encourages new laws to address crypto regulation gaps

By Hannah Lang Oct 3 (Reuters) - The Financial Stability Oversight Council (FSOC), a U.S. regulatory panel comprising top financial regulators, on Monday recommended that Congress pass legislation addressing risks digital assets pose to the financial system, including bills to bolster oversight of crypto spot markets and stablecoins. In a report following U.S.

NFT sales plunge in Q3, down by 60% from Q2

By Elizabeth Howcroft LONDON, Oct 3 (Reuters) - Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a "crypto winter" and demand for the highly speculative digital assets shows little sign of returning. Non-fungible tokens (NFTs) are a kind of blockchain-based asset representing a digital file such as an image, video or item in an online game.

Financial Times - Oct 3

Oct 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Tesla blames logistics problems after delivering fewer cars than forecast Link - Celsius Network founder withdrew $10 mln ahead of bankruptcy Link - Credit Suisse reassures investors over bank's financial strength Link - British Steel's Chinese owner seeks multimillion-pound government rescue package Link Overview - Tesla Inc TSLA.O
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Crypto lender Celsius not seeking payments for outstanding loans

Sept 30 (Reuters) - Bankrupt crypto lender Celsius Network said on Friday it is not seeking to enforce payment obligations for outstanding loans during its Chapter 11 proceedings and that borrowers do not need to repay such loans. New Jersey-based Celsius said no interest or penalties will be assessed post loan maturity, in a filing at the U.S. Bankruptcy Court for Southern District of New York.

Sterling recovers with euro as UK fiscal angst recedes, European inflation accelerates

By Kevin Buckland TOKYO, Sept 30 (Reuters) - Sterling and the euro rose to fresh one-week highs on Friday, buoyed by the Bank of England's moves to calm markets and hawkish signals from the European Central Bank. The British currency was headed for its best week against the U.S. dollar in 2 1/2 years as the BoE waded into the debt market to buy gilts for a second day on Thursday, buoying UK yields.
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Sterling and euro recover; ECB likely to be aggressive after high German CPI

By Kevin Buckland TOKYO, Sept 30 (Reuters) - Sterling rose to a fresh one-week high on Friday, helping to push the U.S. dollar index to a one-week low, as British policymakers moved to undo some of the damage caused by last week's tax-slashing, debt-swelling fiscal plan. That puts the UK currency on course for its best week in 2 1/2 years. The euro also jumped to a one-week peak after a heated German inflation reading reinforced expectations for more aggressive policy action from the European Ce
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Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down

* Pound rallies after 1% fall as PM defends economic plan * BoE buys gilts for 2nd day * Euro up vs dollar; German inflation soars * Japan signals readiness to intervene in FX again By Gertrude Chavez-Dreyfuss NEW YORK, Sept 29 (Reuters) - Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets.

Sterling posts sharp gains; dollar down against most currencies

* Pound rallies after 1% fall as PM defends economic plan * BoE buys gilts for 2nd day * Euro up vs dollar; German inflation soars * Japan signals readiness to intervene in FX again By Joice Alves and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, Sept 29 (Reuters) - Sterling gained in volatile trading on Thursday, as the U.S. dollar fell against some currencies, with investors taking comfort from the Bank of England's purchase of long-dated bonds to stabilize the market.
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UK watchdog dismisses criticisms over crypto authorisations

By Huw Jones and Elizabeth Howcroft LONDON, Sept 29 (Reuters) - Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday. The FCA has been criticised by lawmakers and the crypto sector for being slow in processing licence applications and for rejecting swathes of applicants despite the UK government's push to make London a global crypto hub.

Sterling volatile as PM defends plan, euro drops with inflation data in focus

* Pound trims declines after 1% fall as PM defends economic plan * Euro sinks 1%, focus on inflation data * Dollar bounces back, up 0.66% By Joice Alves LONDON, Sept 29 (Reuters) - Sterling and the euro fell on Thursday as Prime Minister Liz Truss defended her government tax-cutting budget, while relief at the Bank of England's intervention in bond markets faded.
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Canada - Sept 29

Sept 29 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** The Bank of Canada will start publishing summaries of its monetary policy meetings in an effort to improve transparency and shore up its credibility as it struggles to bring down high inflation.

Sterling slips as BoE boost fades, euro drops with inflation data in focus

* Pound down 1% as PM Truss defends economic plan * Euro sinks 1%, focus on inflation data * Dollar bounces back, up 0.66% By Kevin Buckland and Joice Alves TOKYO/LONDON, Sept 29 (Reuters) - Sterling and the euro fell on Thursday and the U.S. dollar clawed back a recent dip as relief at the Bank of England's intervention in bond markets faded. Investors also awaited German inflation data.
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China trials cross-border settlement involving cenbank digital currencies

SHANGHAI, Sept 29 (Reuters) - A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan. More than 160 cross-border payments and foreign exchange transactions totalling more than $22 million were made during the first trial involving four central bank currencies and real-value transactions, the BIS said in a sta

Bitcoin-sterling volumes spike to record high as British currency flounders

By Elizabeth Howcroft LONDON, Sept 29 (Reuters) - Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage.

Sterling slips as dollar regains footing

* Pound down 0.8% and below $1.08 as traders look past BoE moves * Dollar bounces back and up 0.6% or more vs EUR, AUD, NZD * Yen steady as intervention risk caps losses By Kevin Buckland TOKYO, Sept 29 (Reuters) - Sterling fell on Thursday and the U.S. dollar was clawing back a recent dip as relief at the Bank of England's intervention in bond markets faded in the face of nagging doubts about Britain's economic management and the outlook for global growth.
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Sterling slips back with euro on persistent UK fiscal angst despite BoE bond-buying

By Kevin Buckland TOKYO, Sept 29 (Reuters) - Sterling retreated again on Thursday from a sharp bounce against the dollar overnight, after the Bank of England announced unlimited bond purchases to shore up Britain's financial markets battered by the government's radical plans to cut taxes. The UK currency jumped the most since mid-June on Wednesday, pulling the euro with it, after the BoE conducted the first of its emergency bond-buyback operations, worth more than 1 billion pounds.
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Bitcoin-sterling volumes spike to record high as British currency flounders

By Elizabeth Howcroft LONDON, Sept 28 (Reuters) - Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage.

Bank of England says blockchain roll-out across all markets too challenging

By Huw Jones LONDON, Sept 28 (Reuters) - Using blockchain technology which underpins cryptoassets to offer instantaneous trading and settlement across all financial markets is not desirable given the challenges it would pose, Bank of England Deputy Governor Jon Cunliffe said on Wednesday. Cunliffe said there was a need to ensure that new approaches to trading and settlement deliver the same level of resilience that regulators expect from the existing system.

Bank of England says instantaneous trading and settlement too challenging

LONDON, Sept 28 (Reuters) - Using technology which underpins cryptoassets to offer instantaneous trading and settlement across financial markets is not desirable given the challenges it would pose, Bank of England Deputy Governor Jon Cunliffe said on Wednesday. "There is simply no time to identify or rectify errors before they are actioned. In short we may not want wholly instantaneous trading and settlement in all markets," Cunliffe told a conference held by financial industry body AFME.

Financial Times - Sept 28

Sept 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - IMF urges UK to 're-evaluate' tax cuts in biting attack on fiscal plan Link - HSBC, Santander and Nationwide suspend and reprice UK mortgages Link - Labour plans state-owned UK clean energy company Link - Revolut receives green light to run UK cryptocurrency business Link Overview - The International Monetary Fund on Tuesday took
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