Cryptocurrencies News

By Huw Jones and Elizabeth Howcroft LONDON (Reuters) – Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday.

The Pound and riskier assets have taken a step back after Wednesday’s bullish session. Hawkish Fed chatter and economic woes remain headwinds.

By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their

Overnight, news hit the wires of Apple pulling plans to ramp up iPhone production. The news refueled recession fears, weighing on riskier assets.

LONDON (Reuters) – Using technology which underpins cryptoassets to offer instantaneous trading and settlement across financial markets is not desirable given the challenges it would pose, Bank of England Deputy Governor Jon Cunliffe said on Wednesday.

SYDNEY (Reuters) – Australia’s No. 2 telecoms firm Optus, hit by a massive data breach, on Tuesday said its cyber defences were strong, contradicting the government’s analysis as reports emerged that hackers had released data for tens of thousands of customers.

(Reuters) – Digital financial assets require appropriate regulations to ensure a level playing field and protect consumers, Federal Reserve Chair Jerome Powell said on Tuesday.

PARIS (Reuters) – Countries that are slow to build up regulations for crypto assets could create arbitrage risks that players operating globally could exploit, the head of France’s central bank said on Tuesday.

(Reuters) – Bankrupt crypto lender Voyager Digital said on Monday crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion.

By Tom Wilson LONDON (Reuters) – Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday.

By Medha Singh and Lisa Pauline Mattackal

SYDNEY (Reuters) – Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade.

MOSCOW (Reuters) – After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington’s global financial hegemony, a senior Russian lawmaker said on Monday.

FRANKFURT (Reuters) – Budget support used to shied euro zone citizens from high food and energy costs must be limited and temporary to ease the pressure on inflation, European Central Bank President Christine Lagarde said on Monday.

XRP and DOGE are among the crypto front runners this week as the crypto market decouples from the NASDAQ 100. Headwinds linger, however.

By Hannah Lang (Reuters) – Cryptocurrency exchange Kraken has no plans to delist tokens the U.S. Securities and Exchange Commission has labeled as securities, or to register with the agency as a market intermediary, said incoming chief executive officer Dave Ripley on Thursday.

By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan.

The crypto market hit reverse on Wednesday as investors responded to the Fed rate hike, FOMC projections, and Powell’s press conference.

(Reuters) – Crypto exchange Kraken said on Wednesday Chief Operating Officer Dave Ripley would replace top boss Jesse Powell, who is stepping down after more than a decade at the helm.

(Reuters) – Nasdaq Inc is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors.