Cryptocurrencies News

It was a busy Friday session for the crypto market and the digital asset space. US economic indicators and Fed fear continued to test buyer appetite.

(Reuters) – Creating a U.S. central bank digital currency is likely not important to the long-term status of the U.S. dollar, Federal Reserve Governor Christopher Waller said Friday.

WASHINGTON (Reuters) – The U.S. Congress should give the Commodity Futures Trading Commission more powers to police cryptocurrency stablecoins to reduce risks to the financial system, Securities and Exchange Commission Chair Gary Gensler said on Friday.

By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) – A leading U.S. bank regulator said his caution over banks partnering with fintechs is not meant to stifle those arrangements, but rather reflects his concern that firms must adequately gauge their risks.

(Reuters) – Tether, the world’s largest stablecoin by market value, says it has has completely eliminated commercial paper from its reserves and has replaced those investments with U.S. Treasury bills.

It has been a bearish morning for the crypto market, with Fed fear resurfacing as investors await the US CPI report that could deliver another sell-off.

SHANGHAI (Reuters) – Transactions using China’s digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China’s central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.

By Kevin Buckland TOKYO (Reuters) – The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for U.S. inflation data and its impact on further Federal Reserve rate hikes.

(Reuters) – Banks that accept deposits from cryptocurrency companies should be aware of increased liquidity risks, particularly if firms are highly interconnected with other digital asset businesses, said Michael Barr, the Federal Reserve’s vice chair of supervision, on Wednesday.

(Reuters) – Cryptocurrency platform Crypto.com will set up its European regional headquarters in Paris, the Singapore-based company said on Wednesday.

The crypto market found much-needed support this morning. However, while crypto news was positive, downside risks linger for the day ahead.

By Yousef Saba DUBAI (Reuters) – Crypto investment products firm 21.co said on Wednesday its subsidiary 21Shares AG has listed a bitcoin exchange-traded product on Nasdaq Dubai, making it the Middle East’s first physically-backed bitcoin ETP.

By Jody Godoy (Reuters) – Grayscale Investments said in a court filing Tuesday that the U.S. Securities and Exchange Commission set the bar too high for spot bitcoin exchange-traded funds, which have so far not been approved for listing on U.S. exchanges.

(Reuters) – The U.S. Treasury Department said on Tuesday that cryptocurrency exchange Bittrex Inc was fined about $53 million to settle “apparent violations” of U.S. sanctions on certain countries and anti-money laundering laws.

By Huw Jones LONDON (Reuters) – Britain’s financial services minister said on Tuesday that a lengthy delay in issuing a digital pound would create problems for finance and the economy.

(Reuters) – Bank of New York Mellon Corp is adding cryptocurrencies to assets that it holds as a custody manager, as it looks to attract a diverse set of investors and traders by tapping into the popularity of bitcoins and ethers.

By Hannah Lang (Reuters) – It’s not easy being a crypto investor.

LONDON (Reuters) – China is using its financial and scientific muscle to manipulate technologies in a manner that risks global security, Britain’s top cyber spy will say on Tuesday, warning that Beijing’s actions could represent “a huge threat to us all.”

By Huw Jones LONDON (Reuters) – Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a “crypto winter” wiped $2 trillion off the sector, leaving investors nursing losses.

By Huw Jones LONDON (Reuters) – The European Union’s securities watchdog has asked Britain about recent extreme moves in UK government bond yields and is monitoring for “spillovers” into the bloc, its chair Verena Ross said on Monday.