Cryptocurrencies News
- Martin Young
Digital asset markets may be frozen over in the depths of another crypto winter, but venture capital firms remain confident over the future of the sector and Web3.
- Reuters
By Lisa Pauline Mattackal and Medha Singh
- Reuters
(Reuters) – The U.S. Treasury on Tuesday said it was seeking comment on the on the risks and opportunities posed by digital assets as it seeks to prepare a report for President Joe Biden on the implications of developments such as cryptocurrencies.
- Reuters
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood’s Arc Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until
- Varuni Trivedi
As cryptocurrencies become the new way of buying, selling, and traveling, are they destined to become the payment giant in these sectors?
- Joel Frank
Another upside inflation surprise could send crypto into a tailspin, though soft consumer spending/sentiment figures could offer some respite.
- Reuters
By Dietrich Knauth (Reuters) – Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay claim to the bankrupt Singapore-based company’s assets, noting that 3AC’s missing-in-action founders no longer control its accounts.
- Sujha Sundararajan
Private stablecoins “are characterized by higher risks,” as the pool of assets that underly are not held by the owner, nor the price is virtually stable.
- Martin Young
The Group of Twenty financial watchdog is pressing ahead with its plans to regulate the cryptocurrency industry in the coming months.
- Reuters
By Tom Wilson and Angus Berwick LONDON (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, a Reuters investigation has found.
- Reuters
LONDON (Reuters) – Central banks will have to make “fundamental” decisions on cross-border access for a digital version of their currency to serve as a means of payment effectively, a committee at the Bank for International Settlements said on Monday.
- Mohadesa Najumi
Partial withdrawals are set to resume as CoinFLEX launches arbitration proceedings in Hong Kong
- Martin Young
Wall Street seems confident that the bears are still in control of crypto markets and Bitcoin prices are likely to tank even further before there is any kind of recovery.
- Bob Mason
The crypto winter has extended into July, with the total crypto market cap falling below $1 trillion. For decentralized application developers and exchanges, it has been a particularly tough year.
- Reuters
MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity.
- Bob Mason
This winter, the Bitcoin Whales showed resilience to deliver price support. Bitcoin Hodlers could begin to rise in numbers amidst bullish projections.
- Reuters
(Reuters) – Cryptocurrency exchange Blockchain.com could lose $270 million from lending to hedge fund Three Arrows Capital (3AC), which filed for bankruptcy earlier this month, CoinDesk reported on Friday.
- Reuters
(Reuters) – The world of cryptocurrencies needs strong regulation to be begun to be put in place now before it becomes so pervasive it poses financial stability risks, Federal Reserve Vice Chair Lael Brainard said on Friday.
- Reuters
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)
- Reuters
LONDON (Reuters) – Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up wholesale payments, a think tank backed by the City of London Corporation said on Friday.