Cryptocurrencies News

By Elizabeth Howcroft LONDON (Reuters) – Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday.

By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) – Eight major media outlets on Thursday asked the U.S. judge overseeing Sam Bankman-Fried’s criminal case to make public the names of two people who helped guarantee the FTX cryptocurrency exchange founder’s $250 million bond.

(Reuters) – Bitcoin rose 6% to $19,005 at 21:04 GMT on Thursday, adding $1,075 to its previous close.

By Chris Prentice, Angus Berwick and Luc Cohen

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on a broad crash in cryptocurrency markets, in a highly unusual blog post on Thursday, a month after his arrest on U.S.

By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador, which became the first country in the world to recognize bitcoin as a legal tender two years ago, approved on Wednesday a law that would regulate the issuance of other digital assets by both the state and

By Dietrich Knauth and Tom Hals (Reuters) – Crypto exchange FTX will ask a U.S. bankruptcy court on Wednesday to allow it to auction off pieces of its business and to keep customer names secret for at least six months while it works to recover funds

By Dietrich Knauth (Reuters) – Bankrupt crypto lender Voyager Digital is working to expedite a U.S. national security review that could delay or block its proposed $1 billion sale of its assets to Binance.US, its attorneys said on Tuesday.

(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan.

By Luc Cohen NEW YORK (Reuters) – The brother of a former Coinbase Global Inc product manager was sentenced on Tuesday to 10 months in prison after pleading guilty in September to a wire fraud conspiracy charge, in what U.S. prosecutors have called the first insider

Coinbase joins a throng of other major tech players slashing jobs after going on a hiring binge during the pandemic.

By Lisa Pauline Mattackal (Reuters) – Bitcoin’s looking steady in 2023. But it’s only been a week.

By Carolina Mandl NEW YORK (Reuters) – Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers struggled to place their bets amid market turmoil, industry data provider HFR said on Monday.

By Dietrich Knauth (Reuters) – Executives of bankrupt crypto lender BlockFi Inc have repaid an investor $15 million to settle a threatened lawsuit over the company’s cratering equity value in summer 2022, the company’s attorneys said Monday in bankruptcy court.

A Forbes report raised questions about the magnitude of withdrawals from the world’s leading cryptocurrency exchange.

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving digital assets have done.

(Reuters) – A U.S. Trustee filed an objection on Saturday to plans by bankrupt crypto exchange FTX to sell its digital currency futures and clearinghouse LedgerX, as well as units in Japan and Europe, according to a court filing.

By Luc Cohen NEW YORK (Reuters) – The U.S. government plans to launch a website for victims of FTX cryptocurrency exchange founder Sam Bankman-Fried’s alleged fraud to communicate with law enforcement.

(Reuters) – FTX and its affiliated debtors announced their agreement for mutual cooperation in the chapter 11 cases of the FTX Debtors in Delaware and provisional liquidation of the cryptocurrency firm in the Bahamas.

NEW YORK (Reuters) – New York’s attorney general on Thursday filed a civil lawsuit accusing Celsius Network founder Alex Mashinsky of scheming to defraud hundreds of thousands of investors by inducing them to deposit billions of dollars in digital assets with his cryptocurrency company.