Cryptocurrencies News

Bitcoin bounces back to $21,000 in a bullish crypto Friday session. Legal battles and the NFT market remain other areas of focus, however.

SINGAPORE (Reuters) – Bitcoin surged past the $20,000 barrier and was eyeing its best day in six weeks on Friday as the U.S. dollar fell broadly and markets found reasons to be cheerful at the end of a dour week.

By Hannah Lang (Reuters) – Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new coins and carry out transactions.

By Michelle Price WASHINGTON (Reuters) – Companies that help facilitate transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC) just like other market intermediaries, the agency’s chair said on Thursday.

(Reuters) – Crypto exchange Coinbase on Thursday said it was funding a lawsuit against the U.S. Treasury Department to block sanctions barring Americans from Tornado Cash, a virtual currency mixer accused of helping hackers launder proceeds for cybercrimes.

(Reuters) – The United States has seized over $30 million in cryptocurrency stolen by North Korean-linked hackers Lazarus from the popular online game Axie Infinity, crypto intelligence firm Chainalysis said on Thursday.

By Jonathan Stempel NEW YORK (Reuters) – The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.

By Nelson Renteria CONCHAGUA, El Salvador (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle.

(Reuters) – Binance, the world’s largest crypto exchange, said on Monday it is introducing “BUSD Auto-Conversion,” which will be used to convert any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin.

By Lisa Pauline Mattackal (Reuters) – Bitcoin’s been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring.

By Angus Berwick and Tom Wilson LONDON (Reuters) – U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request

By Huw Jones LONDON (Reuters) – The European Union’s markets watchdog said on Thursday it was on red alert for contagion after inflation stoked by Russia’s invasion of Ukraine has threatened markets’ ability to function in an orderly way.

By Kevin Buckland TOKYO (Reuters) – The dollar languished on Tuesday after being beaten back from a two-decade high versus major peers by a reinvigorated euro.

TIRANA (Reuters) – Albanian police on Tuesday arrested the fugitive Turkish founder of crypto-exchange Thodex, wanted by Interpol for suspected crypto fraud and at large for a year, police and media said.

MOSCOW (Reuters) – Russia should increase the rouble’s share in international settlements and gradually move towards stopping using currencies of designated ‘unfriendly’ countries that imposed sanctions on Russia, Prime Minister Mikhail Mishustin said on Tuesday.

(Reuters) – Hodlnaut said on Tuesday it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender suspended withdrawals earlier this month.

By Lisa Pauline Mattackal and Medha Singh

SINGAPORE (Reuters) – The chief of Singapore’s central bank said the city-state is considering new measures that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” about the risks.

(Reuters) – Bitcoin was off 1.63% at $19,920 by late afternoon in Europe on Saturday, down $330 from its previous close.

By Aditya Kalra NEW DELHI (Reuters) – India’s top crypto app CoinSwitch is cooperating with the national financial-crime agency, whose agents searched its offices this week to find out about its business model and user-onboarding processes, its CEO told Reuters on Saturday.