Cryptocurrencies News

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares rose and the dollar wobbled on Wednesday as investors awaited U.S. inflation data as well as the results of the U.S. midterm elections that could signify a power shift in Washington.

(Reuters) – Gemini cofounder Cameron Winklevoss assured investors that the crypto exchange has no exposure to FTX, digital coin FTT and crypto trading platform Alameda, as a liquidity crunch at FTX sparks concerns of another crypto contagion.

Solana is down 40% as Crypto.com halts USDC and USDT withdrawals on Solana blockchain.

(Reuters) – Binance, the world’s biggest cryptocurrency exchange, on Tuesday signed a non-binding agreement to buy rival FTX’s non-U.S. unit.

By Hannah Lang (Reuters) – FTX CEO Sam Bankman-Fried approached cryptocurrency exchange OKX Monday morning about a deal before he announced Tuesday that Binance had signed a nonbinding agreement to acquire FTX in the face of an apparent liquidity crunch, an OKX spokesperson said.

(Reuters) – Crypto financial services company Galaxy Digital Holdings Ltd said on Wednesday it would cut its exposure to embattled crypto exchange FTX by $47.5 million.

By Vidya Ranganathan SINGAPORE (Reuters) – It’s no joke. Elon Musk’s acquisition of Twitter has put fresh wind in the sails of dogecoin, the meme cryptocurrency he catapulted to fame.

By Hannah Lang (Reuters) – The cryptocurrency industry has spent millions of dollars on U.S. midterm election races during a year of heavy losses and upheaval in the sector, which hopes to gain sway among legislators as Congress debates tighter regulation of digital assets.

SINGAPORE (Reuters) – Cryptocurrencies fell heavily on Tuesday and the native token of crypto exchange FTX collapsed by 15% as investors appeared to take fright at talk of pressure on FTX’s financials.

By Hannah Lang (Reuters) – Crypto exchange Binance signed a nonbinding agreement on Tuesday to acquire rival crypto exchange FTX, in a dramatic move that capped off a series of back-and-forth salvos between the CEOs of both companies.

On Tuesday, the crypto market went into freefall, decoupling from the NASDAQ Composite Index on news of the FTX collapse and Binance acquisition.

WASHINGTON (Reuters) – The U.S. Treasury has broadened its justification for sanctioning virtual currency mixing service Tornado Cash on allegations it supports North Korea, despite criticism from users that the Treasury is targeting a service and not an organization.

(Reuters) – Binance Chief Executive Changpeng Zhao said on Tuesday the company had signed a non-binding agreement to buy rival FTX’s unit, FTX.com, to help cover a “liquidity crunch” at the cryptocurrency exchange.

Crypto markets retreat as traders fear margin calls are coming after FTX CEO Sam Bankman-Fried’s announcement.

By Angus Berwick (Reuters) – Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message to staff sent by its CEO Sam Bankman-Fried that was seen by Reuters.

NEW YORK (Reuters) – The United States is seeking a forfeiture order for more than $1 billion in Bitcoin that was stolen from the Silk Road online marketplace in 2012, federal prosecutors in Manhattan said on Monday.

By Angus Berwick and Tom Wilson LONDON (Reuters) – Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data show.

It is a bullish Friday session, with the US jobs report driving demand for the NASDAQ Composite Index and the crypto market, which returned to $1 trillion.

By Elizabeth Howcroft LONDON (Reuters) – Santander will block UK customers from sending real-time payments to cryptocurrency exchanges next year as part of measures to protect customers from scams, the bank said in an emailed statement on Friday.

(Reuters) – PayPal Holdings shares dropped 7% in premarket trading as the payments processor cut its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends.