Cryptocurrencies News

By Marc Jones LONDON (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps.

By Medha Singh and Lisa Pauline Mattackal

WASHINGTON (Reuters) – A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for “possible misconduct.”

(Reuters) – Britain’s Treasury is finalising plans for a package to regulate the cryptocurrency industry, including limits on foreign companies selling into the country and restrictions on advertising, the Financial Times reported on Monday.

(Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange.

(Reuters) – Representative Maxine Waters, chair of the U.S. House of Representatives Financial Services Committee, tweeted on Monday that it is imperative that FTX founder Sam Bankman-Fried attend the panel’s hearing on Dec. 13.

By Elizabeth Howcroft LONDON (Reuters) – UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators.

(Reuters) – Crypto exchange Gemini is trying to recover $900 million from crypto lender Genesis and its parent company Digital Currency Group after the collapse of Sam Bankman-Fried’s crypto exchange FTX, Financial Times reported citing people familiar with the matter.

(Reuters) – FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing people familiar with the matter.

(Reuters) – Galaxy Digital Holdings Ltd will buy crypto lender Celsius Network LLC-owned digital asset custody platform GK8, the crypto financial services company said on Friday.

By Andrew Goudsward (Reuters) – Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers.

(Reuters) – Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns.

(Reuters) – Binance Chief Executive Officer Changpeng Zhao said on Friday that the cryptocurrency exchange has paused withdrawals after the possible attacks on Web 3 operator Ankr and Hay.

(Reuters) – U.S. authorities are asking crypto investors and trading firms who worked closely with FTX to hand over information on the company and its key figures including Sam Bankman-Fried and Caroline Ellison, Bloomberg News reported on Thursday.

By Dietrich Knauth (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an ihttp://content.reuters.com/auth-server/content/tag:reuters.com,2022:newsml_RC26JX9BBGZW:1692162663/tag:reuters.com,2022:binary_RC26JX9BBGZW-BASEIMAGE?action=download&mediatype=picture&mex_media_type=picture&token=%22mwBUp%2BosqWSEU3ejd4TI%2F34aSJDP2atyImvrSv5CoSE%3D%22ndependent investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement.”

WASHINGTON (Reuters) – FTX founder Sam Bankman-Fried said there was a borrowing-lending facility at the cryptocurrency exchange but he did not know of deposits being used to pay its affiliated trading firm Alameda Research, he told ABC News in an interview aired on Thursday.

By Dietrich Knauth (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in value, and crypto exchange FTX went from buying Super Bowl

By Hannah Lang (Reuters) – A leading U.S. financial regulator is set to be grilled by lawmakers on Thursday about the spectacular collapse of cryptocurrency exchange FTX and whether authorities could have done more to prevent it.

WASHINGTON (Reuters) – The collapse of Bahamas-based cryptocurrency exchange FTX points up the need for the United States to cooperate with other countries to develop effective international regulations for the crypto sector, U.S. Deputy Treasury Secretary Wally Adeyemo said on Thursday.

(Reuters) – London Stock Exchange Group PLC Chief Executive David Schwimmer said on Thursday that large spikes in volume associated with algorithmic trading have exacerbated recent market volatility, exposing weaknesses in the global market infrastructure.