Cryptocurrencies News

(Reuters) – Crypto exchange Coinbase Global Inc cut over 60 jobs in its recruiting and institutional onboarding teams, a spokesperson said on Thursday, at a time when pummeled digital coins risk another contagion in the sector and bigger rival FTX inches closer to a collapse.

LONDON (Reuters) – The largest stablecoin, Tether, increased its holdings of U.S. Treasury bills to $39.7 billion and reduced its commercial paper to around $50 million as of Sept. 30, 2022, according to a reserves attestation published on Thursday.

By Medha Singh and Lisa Pauline Mattackal

(Reuters) – Cryptocurrency exchange FTX has set up an agreement with Justin Sun’s blockchain network Tron that will allow holders of TRX and some other crypto tokens to swap assets from FTX to external wallets.

By Anirban Sen NEW YORK (Reuters) – Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX, a person with direct knowledge of the matter said on Thursday.

(Reuters) – Crypto exchange FTX has reopened withdrawals, CoinDesk reported on Thursday, citing on-chain data provided by analytics firm Nansen.

(Reuters) – FTX has approached Kraken as potential rescue partner, Axios reported on Thursday, citing two people familiar with the matter, just hours after Chief Executive Sam Bankman-Fried said he had launched an urgent push to raise funds.

(Reuters) – Trading firm Alameda Research is winding down operations, founder Sam Bankman-Fried said in a tweet on Thursday.

LONDON (Reuters) – Crypto asset manager CoinShares has $30.3 million worth of exposure to crypto exchange FTX, CoinShares said in a statement on Thursday.

(Reuters) – Crypto investors need better protection in a space that is “significantly non-compliant” despite clear regulations, U.S. Securities and Exchange Commission Chair Gary Gensler said in an interview to CNBC on Thursday.

NEW YORK (Reuters) – FTX’s Sam Bankman-Fried told staff in a memo that he was seeking a capital raise and had held talks with Justin Sun, founder of the crypto token Tron, although did not want to imply anything about his chances of success.

HONG KONG (Reuters) – FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at OKX.

(Reuters) – FTX has suspended onboarding of all new clients until further notice, according to the cryptocurrency exchange’s website on Thursday.

SINGAPORE (Reuters) – Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter.

(Reuters) – Cryptocurrency exchange Kraken said on Thursday it was not affected by the recent FTX news “in any material way,” and that it had no exposure to FTX Chief Executive Officer Sam Bankman-Fried’s trading firm Alameda Research.

SINGAPORE (Reuters) – Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when nerves about the stability of exchange FTX turned to a rush of withdrawals and ultimately a bailout deal from bigger rival Binance.

(Reuters) – Two top U.S. financial regulators are probing whether crypto exchange FTX.com properly handled customers’ funds, and its relationship with other parts of Sam Bankman-Fried’s crypto empire, Bloomberg News reported on Wednesday.

Binance walks away from the FTX deal today, leaving the crypto market down at sub-$800bn and FTX on the brink of bankruptcy.

(Reuters) – FTX Chief Executive Sam Bankman-Fried told investors on Wednesday that the cryptocurrency exchange needs an emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days, the Wall Street Journal reported, citing people familiar with the

WASHINGTON (Reuters) – The cryptocurrency industry events of the last few days highlight the risks in the industry of co-mingling of intermediary functions, the chair of the U.S. Securities and Exchange Commission said on Wednesday.