Cryptocurrencies News

Higher interest rates have already started to put material pressure on the economy.

By Jasper Ward and Brian Ellsworth (Reuters) – The Bahamas should not be blamed for the collapse of bankrupt cryptocurrency platform FTX, the country’s foreign minister said on Friday, following repeated accusations by FTX management of alleged misconduct by the Caribbean nation’s authorities.

By Dietrich Knauth (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Thursday appointed a committee to represent FTX accountholders and other junior creditors in the collapsed crypto exchange’s bankruptcy case.

By Georgina Lee HONG KONG (Reuters) – Hong Kong’s first bitcoin and ether futures exchange traded funds (ETFs) ended their first trading day higher on Friday, reflecting investors’ interest despite the broader crypto market meltdown.

(Reuters) – Former FTX CEO Sam Bankman-Fried has made a new bail application before the Bahamas Supreme Court, a source familiar with the matter said on Thursday, after a magistrate judge on Tuesday rejected the former crypto mogul’s request for bail.

By Alison Frankel (Reuters) – The law firm led by famed litigator David Boies appears to have engaged in some unusual litigation tactics on behalf of FTX crypto exchange users who accuse NFL quarterback Tom Brady, supermodel Gisele Bundchen, comedian Larry David and other celebrities of

(Reuters) – The New York State Department of Financial Services (NYDFS) on Thursday issued digital asset guidance to state-regulated banks laying out what information financial institutions must submit before getting approval to engage in virtual currency-related activities.

By Stefanno Sulaiman (Reuters) – Indonesia’s parliament on Thursday approved a financial law revising more than a dozen existing regulations, including an addition to the central bank’s mandate to support economic growth and formalise its direct purchases of government bonds.

By Georgina Lee HONG KONG (Reuters) – Two exchange traded funds (ETF) that track U.S.-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of the sector’s meltdown.

JAKARTA (Reuters) – Indonesia’s parliament on Thursday voted to pass new financial legislation that will widen the central bank’s mandate to include supporting economic growth and also formalise its debt monetisation operations.

By Dietrich Knauth (Reuters) – Lawyers for the bankrupt crypto exchange FTX will square off in court on Wednesday to fight a demand for internal records from an insolvent affiliate based in the Bahamas as the two wrestle over scraps of the once high-flying business.

By Luc Cohen and Chris Prentice NEW YORK (Reuters) – When he took office as the top federal prosecutor in Manhattan in late 2021, Damian Williams pledged to prioritize “rooting out corruption in our financial markets.”

NEW YORK (Reuters) – Charges brought by U.S. prosecutors against Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, on Tuesday were among the highest-profile brought against a crypto player. It was the latest in a string of cases involving digital assets that U.S. regulators and

By Jasper Ward and Brian Ellsworth (Reuters) – Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a 2021 U.S. State Department report, though local authorities says conditions have since improved.

By Jared Higgs and Brian Ellsworth NASSAU (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed.

Fed expects higher unemployment and lower GDP growth in 2023, compared to its September projections.

SINGAPORE (Reuters) – Deposits are returning and “things seem to have stabilised” at Binance, its chief executive said on Wednesday, a day after it had a sharp increase in withdrawals and paused some stablecoin transactions.

FRANKFURT (Reuters) – Germany’s top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability.

By Angus Berwick, John Shiffman and Koh Gui Qing

By Luc Cohen NEW YORK (Reuters) – FTX founder Sam Bankman-Fried was expected to appear before a magistrate in the Bahamas on Tuesday as U.S. authorities prepared to unveil criminal and civil charges against the former CEO of the bankrupt cryptocurrency exchange.