Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’
Dec 6 (Reuters) – “I’m almost bankrupt,” said Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression...
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ECB says Bitcoin is artificially backed, should not be legitimized
FRANKFURT, Nov 30 (Reuters) – Bitcoin is being artificially propped up and should not be legitimized by regulators or financial firms as it is heading towards...
US banking regulator warns against crisis risk from fintech proliferation
NEW YORK, Sept 7 (Reuters) – The rise of fintech services and digital banking could spur financial risk and potentially a crisis in the long term,...
Exclusive: China to fine Ant Group over $1 billion, signaling renewal nearing end sources
HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to fine Jack Ma’s Ant Group more than $1 billion, six sources with direct knowledge of...
Analysis: US banks pounce on fintech deals as valuations plunge
NEW YORK, Nov 17 (Reuters) – Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co ( JPM.N ), are...
JD.Com fintech unit aims to win Beijing approval for HK listing as soon as year ends – sources
HONG KONG/SYDNEY, Nov 15 (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com ( 9618.HK ) aims to win Beijing regulators’ approval to list in...
Factbox: Sam Bankman-Fried: The crypto mogul whose empire crumbled
Nov 11 (Reuters) – Sam Bankman-Fried stepped down from his role as CEO of FTX on Friday, and the crypto exchange said it will enter bankruptcy...
Crypto derivatives trading increases as investors hedge positions after FTX shock
Nov 10 (Reuters) – Trading volumes in bitcoin futures and exchange-traded funds (ETFs) have exploded as investors sought to hedge their positions following this week’s decline...
EU crypto rules set to limit dollar-pegged stablecoins
LONDON, Oct 7 (Reuters) – EU rules to regulate cryptoassets will dampen the market share of non-euro stablecoins from 2024, potentially limiting EU competitiveness, industry representatives...
Cryptoverse: Bitcoin wants to break the bond with stocks
Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to split with the stock markets. The cryptocurrency, which has been closely correlated with...