Cryptocurrencies News

FRANKFURT (Reuters) – Budget support used to shied euro zone citizens from high food and energy costs must be limited and temporary to ease the pressure on inflation, European Central Bank President Christine Lagarde said on Monday.

XRP and DOGE are among the crypto front runners this week as the crypto market decouples from the NASDAQ 100. Headwinds linger, however.

By Hannah Lang (Reuters) – Cryptocurrency exchange Kraken has no plans to delist tokens the U.S. Securities and Exchange Commission has labeled as securities, or to register with the agency as a market intermediary, said incoming chief executive officer Dave Ripley on Thursday.

By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan.

The crypto market hit reverse on Wednesday as investors responded to the Fed rate hike, FOMC projections, and Powell’s press conference.

(Reuters) – Crypto exchange Kraken said on Wednesday Chief Operating Officer Dave Ripley would replace top boss Jesse Powell, who is stepping down after more than a decade at the helm.

(Reuters) – Nasdaq Inc is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors.

By Medha Singh and Lisa Pauline Mattackal

It was a bearish morning for the crypto market as Fed fear lingered ahead of Wednesday’s policy decision. Volatility will likely pickup further.

LONDON (Reuters) – Britain’s Financial Conduct Authority said on Friday cryptocurrency exchange FTX may be offering financial services or products in the UK without its authorisation.

SINGAPORE (Reuters) – Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world.

(Reuters) – Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.

It has been a choppy few days for the crypto market. While the markets settle following the Merge, regulatory scrutiny is on the rise.

By Hannah Lang and Michelle Price WASHINGTON (Reuters) – Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a

By Hannah Lang (Reuters) – U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said in reports published on Friday.

It is a bearish Thursday session for the crypto market, with the Ethereum Merge and other bearish news sending the broader market into the red.

By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – An aggressive regulator is critical to maintaining the United States as the “gold standard” for capital markets, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler will tell the U.S. Senate Banking Committee on Thursday.

(Reuters) – A major software upgrade to the Ethereum blockchain aimed at drastically reducing its energy usage has been completed, Vitalik Buterin, Ethereum inventor and co-founder tweeted on Thursday. The upgrade, known as the “Merge”, will change how transactions on the Ethereum blockchain

By Elizabeth Howcroft and Hannah Lang (Reuters) – Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, on Thursday underwent a major software upgrade that slashes the amount of energy needed to create new coins and carry out transactions.

By Kevin Buckland TOKYO (Reuters) – The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in U.S. yields after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve next week.