Latest Cryptocurrencies News

U.S. SEC chair says much to be done to protect crypto investors

By John McCrank May 16 (Reuters) - Cryptocurrency assets are highly speculative and investors in them need more protections or they could lose trust in the markets, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said on Monday. Generally, people who buy cryptocurrencies do not get the disclosures they get when they make other a

'TINA' still driving hedge funds' bullish dollar view: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever ORLANDO, Fla., May 16 (Reuters) - Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but for hedge funds right now, there is no alternative. Funds have amassed their biggest bet in six months that the

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

* ECB officials warn of risks from cryptocurrencies * Luna Foundation Guard says reserves depleted to $90 million * LFG says spent reserves trying to prop up TerraUSD (Updates to add Elliptic analysis, updates prices) By Alun John HONG KONG, May 16 (Reuters) - An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had sp

Bitcoin back below $30,000; European regulators renew crypto warnings

HONG KONG, May 16 (Reuters) - Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. European officials reiterated warnings of risks posed by cryptocurrencies. Bitcoin BTC=BTSP fell 5% to around $29,700 on Monday in Asian trade, sliding alongside stocks because of w

ECB may kick off development of digital euro by end-2023, Panetta says

FRANKFURT, May 16 (Reuters) - The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB board member Fabio Panetta said on Monday. "Finally, at the end of 2023 we could decide to start a realisation phase to develop and test the appropriate technical soluti

Grayscale to launch digital assets ETF in UK, Italy, Germany

By Elizabeth Howcroft LONDON, May 16 (Reuters) - Grayscale will list an exchange-traded fund (ETF) in Europe made up of companies representing the "Future of Finance", the world's largest cryptocurrency asset manager said in a statement on Monday. The ETF, tracking the "Bloomberg Grayscale Future of Finance Index", will be listed on the London Stoc

FTX's billionaire chief says bitcoin has no future as a payments network- FT

May 16 (Reuters) - Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported Link on Monday. Bitcoin <BTC=BTSP<, the world's largest cryptocurrency, is created by a process called "proof of work"

FTX chief says Bitcoin has no future as a payments network- FT

May 16 (Reuters) - Cryptocurrency exchange FTX's founder has said that Bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday. "The Bitcoin network is not a payments network and it is not a scaling network," the report quoted FTX found

Nigeria's markets regulator publishes rules on crypto assets

LAGOS, May 14 (Reuters) - Nigeria's markets regulator has published a set of regulations for digital assets, signalling Africa's most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use. Nigeria's central bank last year banned banks and financial institutions from dealing in or facil

Bitcoin rises 3.87 % to $29,986.45

May 13 (Reuters) - Bitcoin rose 3.87 % to $29,986.45 at 22:06 on Friday, adding $1,119.25 to its previous close. The world's biggest and best-known cryptocurrency is up 18.1% from the year's low of $25,401.05 on May 12. Ether ETH=BTSP , the coin linked to the ethereum blockchain network, rose 6.49 % to $2,077.03 on Friday, adding $126.58 to its pre

U.S. dollar net longs hit largest since November, bitcoin net longs surge -CFTC, Reuters data

By Gertrude Chavez-Dreyfuss NEW YORK, May 13 (Reuters) - Speculators' net long positioning on the U.S. dollar rose in the latest week to their highest since late November, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position edged up to $19.82 billion f
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Central African bank regulator reminds states of crypto ban

N'DJAMENA, May 13 (Reuters) - Central Africa's regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The Banking Commission of Central Africa (COBAC), which regulates the banking sector in the six-nation Economic and Monetary C

Central African bank regulator reminds states of crypto ban

N'DJAMENA, May 13 (Reuters) - Central Africa's regional banking regulator sent out a reminder on Friday about its ban on the use of cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The Banking Commission of Central Africa (COBAC) - which regulates the banking sector in the six-nation Central Afr

Binance Says Will Suspend Spot Trading For LUNA/BUSD And UST/BUSD Trading Pairs At 8 30 am UTC On May 13

May 13 (Reuters) - Binance: * BINANCE SAYS WILL SUSPEND SPOT TRADING FOR THE LUNA/BUSD AND UST/BUSD TRADING PAIRS AT 08:30 AM (UTC) ON MAY 13 * BINANCE SAYS WITHDRAWALS FOR LUNA AND UST WILL OPEN WHEN THE NETWORK BECOMES STABLE

Crypto world stabilizes after rocky week shakes stablecoins

* Bitcoin hits intra-day high above $30,000 * TerraUSD collapse shakes crypto market * Analysts say impact on traditional markets limited By Alun John, Elizabeth Howcroft and Gertrude Chavez-Dreyfuss HONG KONG/LONDON/NEW YORK, May 13 (Reuters) - C ryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week
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Bitcoin eyes record losing streak as 'stablecoin' collapse crushes crypto

SINGAPORE, May 13 (Reuters) - Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising intere
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Nomura offers its first bitcoin derivatives, just as crypto markets tumble

HONG KONG, May 13 (Reuters) - Nomura 8604.T has begun offering bitcoin over-the-counter derivatives to clients, it said Friday, the latest move by a traditional financial institution into the cryptocurrency industry, even as markets are in turmoil. The trades, executed on the CME by crypto asset trading firm Cumberland DRW this week, were the Japan

Financial Times - May 13

May 13 (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 Warner Music and BMG battle it out for Pink Floyd's back catalogue Link U.S. to increase baby formula imports to tackle national shortage Link FTX chief takes stake in online brokerage

UPDATE 7 -Crypto collapse intensifies as stablecoin Tether slides below dollar peg

By Elizabeth Howcroft, Gertrude Chavez-Dreyfuss and Hannah Lang LONDON/NEW YORK, May 12 (Reuters) - The meltdown in TerraUSD, one of the world's largest stablecoins, rippled through cryptocurrency markets on Thursday, pushing another major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept

U.S. Treasury's Yellen says Fed can bring down inflation without causing recession

WASHINGTON, May 12 (Reuters) - U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing a recession because of a strong U.S. job market and household balance sheets, low debt costs and a strong banking sector Yellen told a U.S. House of Representatives Financial Services Committee hear



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