Cryptocurrencies News

Cryptocurrencies are for the most part trading in subdued fashion ahead of the upcoming release of key US economic data.

(Reuters) – Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces.

A group of top technologists and academics are “counter-lobbying” the digital asset industry, criticizing crypto investments and blockchain technology.

(Reuters) – Fidelity Investments’ digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto assets that trade round the clock.

Wall Street investment bank Goldman Sachs is considering a venture into derivatives in a deal with the FTX crypto exchange which wants a license to handle derivatives internally.

Crypto investors and enthusiasts like nothing more than an airdrop and the latest network to do so is Optimism, an Ethereum scaling solutions provider.

It was a mixed end to May for the crypto majors. Cardano (ADA) led the way, with bitcoin and XRP also finding support. Inflation fears resurfaced, however.

By Sarah N. Lynch WASHINGTON (Reuters) – A New York couple accused of laundering $4.5 billion in cryptocurrency tied to the 2016 hack of digital currency exchange Bitfinex are still negotiating a possible plea deal while reviewing more than 1.1 gigabytes of evidence in the case,

By Huw Jones LONDON (Reuters) – Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to cover cryptoassets on their books.

Singapore’s central bank, the MAS, JPMorgan Chase, DBS Bank, and Marketnode will collaborate to explore digital asset tokenization and the DeFi space.

LONDON (Reuters) – Sell in May? They certainly did, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest monthly swings in recent times.

By Huw Jones LONDON (Reuters) – Britain’s finance ministry set out plans on Tuesday for adapting existing rules to deal for any major stablecoin collapses, such as with TerraUSD this month.

Cryptocurrencies surged on Monday and are stable on Tuesday amid growing Wall Street chatter about peak inflation/Fed hawkishness.

By Jamie McGeever (Reuters) – If you assumed crypto was just a young person’s game, think again.

The rebirth of Terra was not received as expected by Do Kwon and the Terraform Labs as investors remain uncertain of its future.

Central bank digital currencies are back in the news. An e-CNY lottery in Shenzhen aims to reboot the economy following the latest lockdown measures.

The final phase of testing for the highly anticipated Ethereum transition to proof-of-stake has begun, and the underlying asset got a nice price pump today.

It was a bullish start to the week for the crypto market, with bitcoin revisiting $32,000 levels and ETH testing resistance at $2,000 before easing back.

(Reuters) – Bitcoin rose 7.93 % to $31,780.51 at 2200 GMT on Monday, up $2,334.8 from its previous close.

The consultation paper is “fairly ready” after discussions with domestic institutional stakeholders, the International Monetary Fund and the World Bank.