Cryptocurrencies News

BTC had a particularly bearish 2022, marred by bankruptcies. The year ahead will be a tough one, with crypto headwinds to deliver uncertainty.

By Dietrich Knauth (Reuters) – A group of FTX customers from outside the United States have asked a U.S. bankruptcy judge to keep their names secret during the cryptocurrency exchange’s bankruptcy case, saying that revealing their identities could expose them to identity theft and other scams.

NEW YORK (Reuters) – The price of Solana, a cryptocurrency token that had been lauded by FTX founder Sam Bankman-Fried, fell 10.36% on Wednesday, and is down 94.2% so far in 2022.

By Kevin Buckland TOKYO (Reuters) – The dollar edged higher against its major peers on Wednesday, reaching a more than one-week top versus the yen, buoyed by higher Treasury yields as traders puzzled over the outlook for policy at the world’s biggest central banks.

(Reuters) – U.S.-based crypto exchange Kraken said on Wednesday said it has decided to cease its operations in Japan.

By Jonathan Stempel NEW YORK (Reuters) – Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange.

Ethereum has had a difficult year in 2022, with the crypto asset’s price down 67.1% year-to-date. Regulatory reforms, recession fears, and concerns about the Federal Reserve have all weighed on investor sentiment and contributed to the bearish outlook for ETH in 2023.

By Tom Hals and Dietrich Knauth (Reuters) – FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company’s holdings of digital assets belong to customers.

By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about $110 million in October by rigging the Mango Markets cryptocurrency exchange.

(Reuters) – Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million from crypto exchange FTX hours after it filed for bankruptcy, Bloomberg News reported on Tuesday citing a person familiar with the case.

(Reuters) – Sam Bankman-Fried’s criminal case stemming from the collapse of the FTX crypto exchange that he founded was assigned to U.S. District Court Judge Lewis Kaplan in Manhattan, according to a Tuesday court filing.

The crypto market struggled in 2022 due to regulatory scrutiny and platform collapses, with XRP faring better but still down 56.7% year-to-date. The outcome of the SEC v Ripple case, expected in Q1 2023, will be a key driver for XRP, while economic and regulatory factors could also impact the

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge in her guilty plea for her role in the exchange’s collapse.

By Luc Cohen NEW YORK (Reuters) – FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange.

By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents’ property with restrictions on his movement.

By Dietrich Knauth (Reuters) – Collapsed crypto exchange FTX on Thursday asked a U.S. bankruptcy judge to stop crypto lender BlockFi from laying claim to more than $440 million worth of Robinhood stock purchased by indicted FTX founder Sam Bankman-Fried.

By Hannah Lang and John McCrank (Reuters) – FTX founder and former Chief Executive Sam Bankman-Fried, who faces U.S. fraud charges over the collapse of FTX, ran his crypto empire with a number of associates.

By Dietrich Knauth and Andrew Goudsward (Reuters) – Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of

WASHINGTON (Reuters) – U.S. authorities on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, the former chief technology officer of FTX Trading Ltd, for their roles in the alleged fraud that contributed to FTX’s collapse.

(Reuters) – The U.S. Securities and Exchange Commission (SEC) is heightening the scrutiny of the work audit firms do for cryptocurrency companies, a senior official of the regulator told the Wall Street Journal on Thursday.