Cryptoverse: Hack jitters push bitcoin investors back to the future

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewarding over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s … Read more

Cryptoverse: Trading names in a mind-boggling crypto craze

Oct 4 (Reuters) – A new NFT trading craze where names are bought and sold for eye-popping sums is providing a multi-million-dollar lifeline for speculators shivering in the bleak crypto winter. “Domain” names such as coin.crypto (which has sold for $100,000) and beer.eth (which fetched $39,000) are a new breed of NFTs that owners can … Read more

Factbox: Singapore’s rise, and fall, as Asia cryptocurrency hub

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/ Register now for FREE unlimited access to Reuters.com Register HONG KONG/SINGAPORE, July 12 (Reuters) – Singapore’s burgeoning cryptocurrency sector has been shaken by the recent collapse of Three Arrows Capital, … Read more

Singapore’s crypto aspirations shaken by Three Arrows collapse

HONG KONG/SINGAPORE, July 12 (Reuters) – Singapore’s ambitious cryptocurrency sector, by some measures Asia-Pacific’s largest, faces an uncertain future after the recent collapse of crypto fund Three Arrows Capital, a high-profile casualty of the global digital currency downturn . Crypto players in Southeast Asia’s financial hub are bracing for further bankruptcies and legal tussles, and … Read more

Cryptoverse: Shrimps and whales keep bitcoin afloat

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register July 12 (Reuters) – The shrimps of the crypto world have joined the whales in a glorious last stand to banish the bleak … Read more

Exclusive: Binance served crypto traders in Iran despite US sanctions, customers say

Seven Iranians say used Binance for crypto after US reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw US regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more

Crypto exchange FTX has “a few billion” to support industry – Bankman-Fried

FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register July 6 (Reuters) – Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his … Read more

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … Read more

Bitcoin miners sell their holdings amid crypto winter’s chill

A small toy figure and representations of the virtual currency bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, … Read more

Elon Musk denies telling people to invest in cryptocurrency

Tesla CEO and Dogecoin enthusiast Elon Musk said on Tuesday that he “never said that people should invest in crypto[currency]“as retail investors feel the sting of the plummeting digital coins market. Despite buying and touting Dogecoin, Musk told the Qatar Economic Forum on Tuesday that he made a distinction between publicly supporting the digital coin … Read more