Cryptocurrencies News

By Huw Jones and Elizabeth Howcroft LONDON (Reuters) – European Union rules to regulate crypto assets will curb the market share of non-euro denominated stablecoins from 2024, potentially limiting EU competitiveness, industry representatives have said.

MUMBAI (Reuters) – The Indian central bank will soon commence limited pilot launches of a central bank backed digital rupee for specific use cases, it said in a concept paper released on Friday.

It has been a mixed morning for the crypto market. However, XRP get bullish on the main news story of the morning, Ripple’s latest Court filing.

By Marc Jones LONDON (Reuters) – Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.

By Yousef Saba DUBAI (Reuters) – The Middle East and North Africa are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, blockchain researcher Chainalysis said in a report on Wednesday.

(Reuters) – Celsius Network’s co-founder and chief strategy officer Daniel Leon has stepped down, the bankrupt crypto lender said on Tuesday, joining a wave of executive departures from beleaguered digital asset companies.

By Kevin Buckland TOKYO (Reuters) – Sterling rose to a fresh post-budget high on Tuesday in Asia, weighing on the broader U.S. dollar index, as the UK currency extended its recovery a day after the British government capitulated on tax cuts.

By Lisa Pauline Mattackal and Medha Singh

It has been a busy start to the week, with the United Nations sounding the alarm bells. Regulatory chatter was also back in focus ahead of today’s US stats

By Hannah Lang (Reuters) – The Financial Stability Oversight Council (FSOC), a U.S. regulatory panel comprising top financial regulators, on Monday recommended that Congress pass legislation addressing risks digital assets pose to the financial system, including bills to bolster oversight of crypto spot markets and stablecoins.

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission charged reality television star Kim Kardashian on Monday for unlawfully touting crypto security, the agency said in a statement.

By Elizabeth Howcroft LONDON (Reuters) – Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a “crypto winter” and demand for the highly speculative digital assets shows little sign of returning.

(Reuters) – Bankrupt crypto lender Celsius Network said on Friday it is not seeking to enforce payment obligations for outstanding loans during its Chapter 11 proceedings and that borrowers do not need to repay such loans.

By Kevin Buckland TOKYO (Reuters) – Sterling rose to a fresh one-week high on Friday, helping to push the U.S. dollar index to a one-week low, as British policymakers moved to undo some of the damage caused by last week’s tax-slashing, debt-swelling fiscal plan.

It’s a busy day ahead for the crypto market. While the latest Court ruling is crypto positive, Fed fear could resurface later with US inflation in focus.

By Kevin Buckland TOKYO (Reuters) – Sterling retreated again on Thursday from a sharp bounce against the dollar overnight, after the Bank of England announced unlimited bond purchases to shore up Britain’s financial markets battered by the government’s radical plans to cut taxes.

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.