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Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
Making sense of cryptocurrency, fintech and digital payments.
The regulation of crypto-assets is likely to be discussed at a meeting of Group of Seven finance chiefs this week in Germany, French central bank head Francois Villeroy de Galhau said on Tuesday.
Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into free fall.
Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey.
Cryptocurrency assets are highly speculative and investors in them need more protections or they could lose trust in the markets, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said on Monday.
Jupiter Asset Management, Azora Capital LP and billionaire Jon Yarbrough's family office were among funds that sold all of their stakes in cryptocurrency company Coinbase Global Inc before the company fell nearly 30% to record lows in early May, according to filings released on Monday.
Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. (BTC
Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
The dollar started the week just off a 20-year high against peers on Monday, as investors sought safety due to fears about global growth while cryptocurrency markets appeared to find some stability after last week's turmoil.
Central Africa's regional banking regulator sent out a reminder on Friday about its ban on the use of cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender.
Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. (BTC
The meltdown in TerraUSD, one of the world's largest stablecoins, rippled through cryptocurrency markets on Thursday, pushing another major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. (USDT
Tether, the third largest cryptocurrency in terms of market capitalization, said the majority of its reserves are in U.S. Treasuries after having reduced its exposure to commercial paper over the last six months, its Chief Technology Officer Paolo Ardoino said in a Twitter Spaces chat on Thursday. (USDT
A top official at Wall Street watchdog the Securities and Exchange Commission (SEC) signalled on Thursday that stricter rules around crypto
It's almost a cliche that retail investors are always late to an investment boom - but the outsize exposure of household savers to frothier elements of frenzied markets since lockdown means they are feeling the hit from this bust more than most.
Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a constant value: stablecoins.
A meltdown in one of the world's largest stablecoins, TerraUSD, sent shockwaves through cryptocurrency markets on Thursday, wiping out bitcoin's 2021 gains and sending it to a 16-month low.
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.
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been forthcoming, said four people with knowledge of the matter.
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] (BTC
Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment of higher interest rates, said Sergio Furio, founder of unicorn fintech Creditas.
Chile's central bank said on Wednesday that although a digital currency could improve payment systems and mitigate risks, a deeper cost and benefit analysis is required and it would publish a new report towards the end of the year.
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.
On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy.
Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets.
British Prime Minister Boris Johnson will introduce a new economic crime bill to crack down on illicit finance, looking to strengthen laws that have empowered its Russian sanction regime and empower authorities to seize cryptocurrency assets.
TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time in 10 months.
Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. (BTC
Falling commodity prices dragged the Australian and Canadian currencies lower on Tuesday, although the dollar was steady against most other majors while bitcoin continued to tumble.
Bitcoin dropped 7.81% to $31,333.41 at 20:03 GMT on Monday, losing $2,655.98 from its previous close. (BTC
Israel's central bank said on Monday it had received public support for its plans to possibly issue a digital shekel on grounds it would help the economy by supporting innovation in the payments system, reducing the amount of cash and bolstering the fintech sector.
Regulators comparing the crypto craze to the U.S. subprime mortgage bust of the 2000s may seem like scaremongering, but the more crypto integrates with traditional investing and markets, the more prescient these warning may become.
Bitcoin rose 5.7% to $39,862.84, on Wednesday, adding $2,102.94 to its previous close. (BTC
Uzbekistan will allow companies to mine cryptocurrencies using solar energy and will exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree published this week.
Bitcoin's latest fans are about as far as you can get from Silicon Valley crypto bros. War-torn Central African Republic (CAR) on Wednesday adopted the digital currency as legal tender . It's even odder than when El Salvador did the same thing last year. The surprise expressed by the region's central bank and President Faustin-Archange Touadra's military reliance on Russian mercenaries are red flags. Bitcoin's path to the currency mainstream just became thornier. (BTC
The world's first permanent NFT art museum has opened in Seattle, aiming to
Speculators' net long positioning on the U.S. dollar rose in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.
The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's annual general meeting on Friday.
The Reserve bank of New Zealand (RBNZ) said on Friday it had not yet taken a decision on a potential central bank digital currency (CBDC) but would continue to explore the option.
Lawmakers in Panama's National Assembly on Thursday approved a major bill to regulate the use and commercialization of crypto assets in the Central American country.
Central African Republic's adoption of bitcoin, while many of the world's largest economies stay wary of it, has puzzled the cryptocurrency world and residents of the gold and diamond-producing country, and prompted caution from the IMF. (BTC
The Cuban central bank issued regulations on Tuesday for virtual asset service providers, after giving a nod last year to the personal use of cryptocurrencies, a move some experts said could help the Communist-run Caribbean island skirt stiff U.S. sanctions.
The Canadian dollar will remain at the center of the country's financial system, the central bank chief said on Monday, responding to questions about a Conservative leadership candidate's pledge to make the country the blockchain capital of the world.
The U.S. Department of Justice on Monday announced the indictment of two Europeans for allegedly conspiring with a recently sentenced cryptocurrency researcher to help North Korea evade U.S. sanctions.
The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow's evasion of existing sanctions over Russia's invasion of Ukraine.
Major U.S. crypto exchange Coinbase Global Inc launched its NFT marketplace on Wednesday, in a sign of confidence in the niche digital asset even as the market shows signs of cooling.
Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency through a widely-used state-backed transfer network, spurring users to renew demands for regulatory clarity.
U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market.
Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million digital coin theft, the company targeted in the heist said on Wednesday.