Cryptocurrencies News

LONDON (Reuters) – Central banks will have to make “fundamental” decisions on cross-border access for a digital version of their currency to serve as a means of payment effectively, a committee at the Bank for International Settlements said on Monday.

Partial withdrawals are set to resume as CoinFLEX launches arbitration proceedings in Hong Kong

Wall Street seems confident that the bears are still in control of crypto markets and Bitcoin prices are likely to tank even further before there is any kind of recovery.

The crypto winter has extended into July, with the total crypto market cap falling below $1 trillion. For decentralized application developers and exchanges, it has been a particularly tough year.

MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity.

This winter, the Bitcoin Whales showed resilience to deliver price support. Bitcoin Hodlers could begin to rise in numbers amidst bullish projections.

(Reuters) – Cryptocurrency exchange Blockchain.com could lose $270 million from lending to hedge fund Three Arrows Capital (3AC), which filed for bankruptcy earlier this month, CoinDesk reported on Friday.

(Reuters) – The world of cryptocurrencies needs strong regulation to be begun to be put in place now before it becomes so pervasive it poses financial stability risks, Federal Reserve Vice Chair Lael Brainard said on Friday.

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)

LONDON (Reuters) – Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up wholesale payments, a think tank backed by the City of London Corporation said on Friday.

The lawsuit was initiated by California resident Mark Young, the lead plaintiff, alleging that the SOL token is an unregistered security.

Decentralized finance platform Aave has unveiled a new collateral-backed decentralized stablecoin called GHO, but will it join the ranks of failed predecessors?

(Reuters) – The U.S. Treasury said on Thursday it had delivered “a framework” to President Joe Biden for international engagement and an inter-agency approach to address the risks and benefits of digital assets.

On Thursday, the US Treasury Department released its first response to the Biden Executive Order. The response had little detail to spook crypto investors.

NEW YORK (Reuters) – A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets.

SAO PAULO (Reuters) – Brazil’s federal police on Thursday carried out an operation against an alleged criminal gang that it said used crypto tokens to launder money made from illegal gold mining.

(Reuters) – The Federal Deposit Insurance Corporation is looking into Voyager Digital Ltd’s marketing of deposit accounts for cryptocurrency purchases, the Wall Street Journal reported, citing people familiar with the matter.

One of the most significant drawbacks for Bitcoin has been the sudden brake its whales hit as soon as the April crash took place.

Crema Finance has reached a deal with the hacker who drained the platform of nearly $8 million

By Carolyn Cohn LONDON (Reuters) – Britain’s Investment Association on Thursday called for the government and regulators to give the green light to tokenised funds using blockchain technology, which could make it easier for retail investors to buy illiquid assets.