Cryptocurrencies News
- Martin Young
Crypto billionaire and FTX exchange chief executive Sam Bankman-Fried has taken a sizeable stake in the online brokerage Robinhood.
- Reuters
HONG KONG (Reuters) – Bitcoin fell to its lowest in 16 months on Thursday, continuing to fall alongside risk assets such as tech stocks, and also dragged down by the collapse of TerraUSD, the so-called stablecoin which lost its dollar peg this week. [nL2N2X30RZ]
- Reuters
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing a recession because of a strong U.S. job market and household balance sheets, low debt costs and a strong banking sector
- Reuters
LONDON (Reuters) – A top official at Wall Street watchdog the Securities and Exchange Commission (SEC) signalled on Thursday that stricter rules around crypto “stablecoins” could be drawing closer.
- Reuters
By Elizabeth Howcroft LONDON (Reuters) – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a constant value: stablecoins.
- Varuni Trivedi
The German finance ministry has issued procedures around the income tax treatment of crypto mining, staking, lending, hard forks, and airdrops.
- Reuters
NEW YORK (Reuters) – Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion.
- Reuters
By Marc Jones and Alun John LONDON/HONG KONG (Reuters) – Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said.
- Bob Mason
Three Australian exchange-traded funds launched today, giving investors access to bitcoin and ether. The launch coincides with this week’s crypto sell-off.
- Martin Young
Not all have added to the doom and gloom surrounding the embattled Terra stablecoin ecosystem as one hedge fund doubles down on UST.
- Reuters
(Reuters) – Bitcoin fell 7.23% to $28,758.29 at 22:05 GMT on Wednesday, losing $2,241.68 from its previous close.
- Varuni Trivedi
While bitcoin’s recent fall was a nightmare for many investors, Indian traders and investors seemed drawn to risky assets and took advantage of ‘buying the dip.’
- Reuters
By David Randall NEW YORK (Reuters) – A collapse in cryptocurrency company Coinbase Global Inc pushed star stock picker Cathie Wood’s ARK Innovation ETF down nearly 8% on Wednesday, putting it within 10% of its low touched in March 2020 at the start of the
- Ana Alexandre
The news comes amid a turbulent time for the cryptocurrency market. However, Gensler made his position on cryptocurrencies very clear.
- Reuters
(Reuters) – Binance on Wednesday named Joshua Eaton, a former Deputy U.S. Attorney in the Northern District of California, as the deputy general counsel of the world’s largest cryptocurrency exchange.
- Joel Frank
Crypto traders had been waiting 20 hours for his UST “recovery plan,” which failed to lift spirits in UST/LUNA markets.
- Joel Frank
Michael Novogratz said that one of the key challenges facing crypto markets is that they are increasingly correlated with US technology stocks.
- Reuters
(Reuters) – The chief executive of Coinbase said a disclosure in its latest quarterly filing did not indicate the cryptocurrency exchange operator faced a bankruptcy risk and it had been made to meet a U.S. Securities and Exchange Commission (SEC) requirement.
- Sujha Sundararajan
Coinbase’s CEO Brian Armstrong said that the exchange prefers to work with the Reserve Bank of India and focus on relaunching.
- Reuters
By Huw Jones LONDON (Reuters) – Blockchain needs its own music industry ‘MP3’ moment as fragmented regulation and technology hamper the development of a digital securities industry that could help realise its full potential, industry officials said.