Cryptocurrencies News

(Reuters) – Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its customers were exposed to FTX and it has not launched any products in partnership with the beleaguered cryptocurrency exchange.

By Ross Kerber and Chris Prentice BOSTON/ WASHINGTON (Reuters) – With the U.S. House of Representatives under their control, Republicans have a new pulpit to try to constrain President Joe Biden’s administrative oversight of business issues from consumer finance to climate rules.

By Isabel Woodford (Reuters) – Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX – once an industry darling – raised fresh concern about unregulated digital currencies.

By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange, though the cases will face obstacles including proving that U.S. securities

(Reuters) – Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing a confidential fundraising document.

MADRID (Reuters) – Spain’s central bank has added European cryptocurrency exchange Bitstamp to its list of virtual exchange providers, it said.

LONDON (Reuters) – FTX, one of the world’s largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse.

SINGAPORE (Reuters) – The collapse of crypto exchange FTX has raised “very serious allegations that amount to potential fraud”, Singapore’s finance minister and deputy prime minister said on Thursday.

(Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators.

(Reuters) – Singapore’s state investor Temasek Holdings said on Thursday it will write down the value of its full investment in collapsed cryptocurrency exchange FTX, irrespective of outcome of its bankruptcy filing.

(Reuters) – Genesis is temporarily suspending redemptions and new loan originations at its lending business, the crypto broker said in a tweet on Wednesday.

Genesis announced the suspension of redemptions, with Micron Tech sending the NASDAQ Composite Index into the red to weigh on crypto sentiment.

By Dietrich Knauth (Reuters) – FTX’s Bahamas-based liquidators said they “reject the validity” of the crypto exchange’s U.S. bankruptcy proceedings, according to court documents filed in the U.S. late Tuesday.

(Reuters) – The full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried’s FTX was yet to come out, Coinbase Global Inc Chief Financial Officer Alesia Haas told the Wall Street Journal on Wednesday.

WASHINGTON (Reuters) – The U.S. House Financial Services Committee plans to hold a hearing in December on the collapse of cryptocurrency exchange FTX.

By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar edged higher against major peers on Wednesday as markets continued to assess news of a Russian-made rocket striking NATO-member Poland, and whether it could lead to an escalation of the Ukraine war.

WASHINGTON (Reuters) – The recent failure of a major cryptocurrency exchange and its impact on holders and investors of crypto assets demonstrate the need for more effective oversight of crypto markets, U.S. Treasury Secretary Janet Yellen said on Wednesday.

(Reuters) – FTX founder Sam Bankman-Fried has been sued in U.S. court by investors alleging the company’s yield-bearing crypto accounts violated Florida law, according to court papers.

MADRID (Reuters) – The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday.

(Reuters) – Grayscale Bitcoin Trust, the world’s largest bitcoin fund, fell almost 7% on Wednesday, as investors dumped more digital assets after last week’s high-profile unraveling of crypto exchange FTX.