Cryptocurrencies News

(Reuters) – U.S. cryptocurrency broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX, the company said Thursday in a Twitter post.

WASHINGTON (Reuters) – Cryptocurrencies risk harming everyday Americans without proper oversight and latest news involving crypto underscores these concerns, White House press secretary Karine Jean-Pierre said on Thursday.

TORONTO (Reuters) – The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million to the troubled cryptocurrency exchange FTX and any financial loss from the exposure will have limited impact on the pension plan.

(This story contains language some readers may find offensive in paragraph 2)

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft

By Rae Wee SINGAPORE (Reuters) – The dollar regained its footing on Thursday ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed.

(Reuters) – Justin Sun’s Tron is focused on enabling the withdrawal of its tokens from FTX but is open to talks about other rescue plans for the struggling cryptocurrency exchange, a spokesperson said on Thursday.

(Reuters) – Crypto exchange Coinbase Global Inc cut over 60 jobs in its recruiting and institutional onboarding teams, a spokesperson said on Thursday, at a time when pummeled digital coins risk another contagion in the sector and bigger rival FTX inches closer to a collapse.

LONDON (Reuters) – The largest stablecoin, Tether, increased its holdings of U.S. Treasury bills to $39.7 billion and reduced its commercial paper to around $50 million as of Sept. 30, 2022, according to a reserves attestation published on Thursday.

By Medha Singh and Lisa Pauline Mattackal

(Reuters) – Cryptocurrency exchange FTX has set up an agreement with Justin Sun’s blockchain network Tron that will allow holders of TRX and some other crypto tokens to swap assets from FTX to external wallets.

By Anirban Sen NEW YORK (Reuters) – Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX, a person with direct knowledge of the matter said on Thursday.

(Reuters) – Crypto exchange FTX has reopened withdrawals, CoinDesk reported on Thursday, citing on-chain data provided by analytics firm Nansen.

(Reuters) – FTX has approached Kraken as potential rescue partner, Axios reported on Thursday, citing two people familiar with the matter, just hours after Chief Executive Sam Bankman-Fried said he had launched an urgent push to raise funds.

(Reuters) – Trading firm Alameda Research is winding down operations, founder Sam Bankman-Fried said in a tweet on Thursday.

LONDON (Reuters) – Crypto asset manager CoinShares has $30.3 million worth of exposure to crypto exchange FTX, CoinShares said in a statement on Thursday.

(Reuters) – Crypto investors need better protection in a space that is “significantly non-compliant” despite clear regulations, U.S. Securities and Exchange Commission Chair Gary Gensler said in an interview to CNBC on Thursday.

NEW YORK (Reuters) – FTX’s Sam Bankman-Fried told staff in a memo that he was seeking a capital raise and had held talks with Justin Sun, founder of the crypto token Tron, although did not want to imply anything about his chances of success.

HONG KONG (Reuters) – FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at OKX.

(Reuters) – FTX has suspended onboarding of all new clients until further notice, according to the cryptocurrency exchange’s website on Thursday.