Crypto exchange Kraken to shut down betting service, pay fine in US SEC settlement
Feb 9 (Reuters) – Cryptocurrency exchange Kraken has agreed to shut down its cryptocurrency betting service and pay $30 million in fines to settle with the...
Tagged: TOPNWS
How Ant fell into fintech’s middle-income trap
HONG KONG, Feb 9 (Reuters Breakingviews) – It has been almost a decade since the company now known as Ant turned China’s clumsy financial system on...
China’s regulator tells Futu and UP Fintech to stop seeking mainland clients
SHANGHAI/HONG KONG, Dec 30 (Reuters) – China’s securities regulator said on Friday that online brokers Futu Holding and UP Fintech Holding have been operating illegal securities...
Cryptoverse: Boom or Bust? $30k or $5k? Play bitcoin roulette
Dec 13 (Reuters) – Plucky bitcoin has held steady since seeing off the chaos of the FTX collapse, rallying its strength to rally towards the dizzying...
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,...
Cryptoverse: So long, Solana? Ether Rival was beaten by FTX crash
Nov 15 (Reuters) – Solana, a poster coin for the crypto future, is in trouble. The cryptocurrency, which had been praised by FTX’s founder Sam Bankman-Fried,...
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 markets in turmoil after FTX bankruptcy
Nov 11 (Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, following a liquidity crisis that has...
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...