Cryptocurrencies News

(Reuters) – The Securities Commission of The Bahamas said on Thursday it has ordered all digital assets of FTX Digital Markets Ltd (FDM) transferred to a digital wallet controlled by the Commission for safekeeping.

By Hannah Lang and Elizabeth Howcroft (Reuters) – The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchange FTX is having a spillover effect on other players in the highly interconnected market.

(This story contains language some readers may find offensive, in paragraph 10)

By Georgina Lee HONG KONG (Reuters) – A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector.

By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors. Here is what likely awaits in the case:

By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador’s long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world’s first to adopt the cryptocurrency as legal tender, has lost its luster this time amid a deep rout in the

By Tom Hals (Reuters) – John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX, on Thursday laid out his assessment of the failures that led to the biggest collapse in the world of digital assets.

(Reuters) – Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its customers were exposed to FTX and it has not launched any products in partnership with the beleaguered cryptocurrency exchange.

By Ross Kerber and Chris Prentice BOSTON/ WASHINGTON (Reuters) – With the U.S. House of Representatives under their control, Republicans have a new pulpit to try to constrain President Joe Biden’s administrative oversight of business issues from consumer finance to climate rules.

By Isabel Woodford (Reuters) – Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX – once an industry darling – raised fresh concern about unregulated digital currencies.

By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange, though the cases will face obstacles including proving that U.S. securities

(Reuters) – Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing a confidential fundraising document.

MADRID (Reuters) – Spain’s central bank has added European cryptocurrency exchange Bitstamp to its list of virtual exchange providers, it said.

LONDON (Reuters) – FTX, one of the world’s largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse.

SINGAPORE (Reuters) – The collapse of crypto exchange FTX has raised “very serious allegations that amount to potential fraud”, Singapore’s finance minister and deputy prime minister said on Thursday.

(Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators.

(Reuters) – Singapore’s state investor Temasek Holdings said on Thursday it will write down the value of its full investment in collapsed cryptocurrency exchange FTX, irrespective of outcome of its bankruptcy filing.

(Reuters) – Genesis is temporarily suspending redemptions and new loan originations at its lending business, the crypto broker said in a tweet on Wednesday.

Genesis announced the suspension of redemptions, with Micron Tech sending the NASDAQ Composite Index into the red to weigh on crypto sentiment.

By Dietrich Knauth (Reuters) – FTX’s Bahamas-based liquidators said they “reject the validity” of the crypto exchange’s U.S. bankruptcy proceedings, according to court documents filed in the U.S. late Tuesday.