Cryptocurrencies News

LONDON (Reuters) – The lending unit of U.S. crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, the latest company toppled by a market rout last year that wiped about $1.3 trillion off the value of crypto tokens.

By Tom Wilson and Hannah Lang (Reuters) – As an investment banker, Barry Silbert worked on some of the highest-profile corporate failures. Now, as founder of venture capital firm Digital Currency Group, parent of troubled crypto firm Genesis, he is grappling with problems closer to home.

NEW YORK (Reuters) – A car recently drove into a metal barricade outside Sam Bankman-Fried’s home in California, his lawyers said on Thursday, in an incident they said underscores the security concerns faced by the FTX founder and those ensuring his return to court.

By Chris Prentice NEW YORK (Reuters) – Nexo Capital Inc has agreed to pay $45 million in penalties to settle charges from the U.S. Securities and Exchange Commission and state regulators that the crypto firm failed to register its crypto asset lending product, the SEC said

(Reuters) – Bankrupt crypto exchange FTX is looking into the possibility of reviving its business, Chief Executive Officer John Ray told the Wall Street Journal on Thursday.

(Reuters) – Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company’s chief executive said on Wednesday.

By Paritosh Bansal and Divya Chowdhury DAVOS, Switzerland (Reuters) – In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see.

WASHINGTON (Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday said it has identified virtual currency exchange Bitzlato Ltd as a “money laundering concern” related to Russian illicit finance.

By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) – A top official with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday plans to warn lawmakers against allowing cryptocurrency exchanges to self-certify with the agency to list products for trading.

WASHINGTON (Reuters) – The U.S. Justice Department will “announce a major, international cryptocurrency enforcement action” on Wednesday, it said in a statement, without offering further details.

(Reuters) – FTX founder Sam Bankman-Fried in a blog post refuted some claims made by the company’s lawyers on Tuesday, saying that they were “extremely misleading” and that FTX U.S. was and is solvent.

(Reuters) – Cryptocurrency firm Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.

(Reuters) – Cryptocurrency exchange Coinbase Global Inc on Wednesday said it will halt operations in Japan due to volatile market conditions.

LONDON (Reuters) – UBS Chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to eradicate the risks posed by the non-banking sector.

(Reuters) – Semafor is planning to buy out FTX founder Sam Bankman-Fried’s roughly $10 million investment in the news startup, the New York Times reported on Wednesday, citing the company’s chief executive officer.

By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen as a result of hacks.

By Hannah Lang (Reuters) – Silvergate Capital Corp reported a net loss of $1 billion in the fourth quarter, after reporting earlier this month that investors spooked by the collapse of crypto exchange FTX pulled out more than $8 billion in deposits in the last three

By Nell Mackenzie LONDON (Reuters) – Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50%, the research firm said on Tuesday, a sign that the collapse of the cryptocurrency exchange FTX continues to ripple through the industry.

By Medha Singh and Lisa Pauline Mattackal

By Divya Chowdhury and Lisa Pauline Mattackal