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Latest Cryptocurrencies News

Stocks slide, dollar steady ahead of Fed minutes; crypto soars

Stocks slide, dollar steady ahead of Fed minutes; crypto soars Updates prices for European market open By Kevin Buckland and Lawrence White TOKYO/LONDON, May 21 (Reuters) - Stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.
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Brazil central bank plans year-end proposal for crypto regulation

UPDATE 1-Brazil central bank plans year-end proposal for crypto regulation Adds comments from central bank, paragraphs 5-7 BRASILIA, May 20 (Reuters) - Brazil's central bank announced on Monday that it has decided to divide the process of regulating crypto-assets and virtual asset service providers into phases, with regulatory proposals expected by the end of this year.

Bitcoin rises to $70,206

UPDATE 1-Bitcoin rises to $70,206 Adds ether rising in paragraph 3 and background in paragraph 4 May 20 (Reuters) - Bitcoin rose t o $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close. The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23. E ther, the coin linked to the ethereum blockchain network, rose 13.3% on Monday to $3500. The approval and launch of spot bitcoin exchange-traded funds in the U.S.
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Bitcoin rises 5.93% to $70,206

Bitcoin rises 5.93% to $70,206 May 20 (Reuters) - Bitcoin rose 5.93% to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close. The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23. Reporting by Chandni Shah in Bengaluru
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Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge

Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge LONDON, May 20 (Reuters) - An Australian computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at London's High Court ruled on Monday. Craig Wright had long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym "Satoshi Nakamoto".

Crypto manager Grayscale appoints Goldman exec Peter Mintzberg as new CEO

Crypto manager Grayscale appoints Goldman exec Peter Mintzberg as new CEO May 20 (Reuters) - Grayscale Investments on Monday said it has appointed Goldman Sachs GS.N executive Peter Mintzberg as its Chief Executive Officer, effective mid-August, weeks after the digital asset manager withdrew its application for Ethereum futures ETF. Mintzberg succeeds Michael Sonnenshein, who has stepped down from the position to pursue other interests, the company said.
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Brazil central bank plans year-end proposal for crypto regulation

Brazil central bank plans year-end proposal for crypto regulation BRASILIA, May 20 (Reuters) - Brazil's central bank announced on Monday that it has decided to divide the process of regulating crypto-assets and virtual asset service providers into phases, with regulatory proposals expected by the end of this year. The decision effectively delays the completion of the process following a 2022 law on the subject, which paved the way for subsequent regulation by the central bank.

Grayscale Investments Announces CEO Transition

BRIEF-Grayscale Investments Announces CEO Transition May 20 (Reuters) - Grayscale Bitcoin Cash Trust (BCH) BCHG.PK : GRAYSCALE INVESTMENTS® ANNOUNCES CEO TRANSITION GRAYSCALE INVESTMENTS: PETER MINTZBERG APPOINTED CEO Source text for Eikon: ID:nGNX6g91RP Further company coverage: BCHG.PK

Venture capital investment in crypto picks up after long decline

Venture capital investment in crypto picks up after long decline By Elizabeth Howcroft LONDON, May 20 (Reuters) - Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning. Crypto venture capital flows peaked at $11.1 billion in the first quarter of 2022, before seven consecutive quarters of declining volumes, with just $1.7 billion in the last quarter of 2023, data

Venture capital funding in crypto rises to $2.4 bln, PitchBook says

REFILE-Venture capital funding in crypto rises to $2.4 bln, PitchBook says Corrects to capitalize B in PitchBook in headline and text By Medha Singh May 20 (Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first U.S.
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High-profile US trials where defendants took the stand

FACTBOX-High-profile US trials where defendants took the stand By Jody Godoy May 19 (Reuters) - Donald Trump's lawyer said last week the former U.S. president had not decided whether to testify at his criminal trial stemming from hush money paid to a porn star , which would be an uncommon and risky move that some high-profile defendants have made at their own recent trials.

Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down

UPDATE 1-Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down Adds comment from Genesis, detail from court decision in paragraphs 2-10 By Dietrich Knauth NEW YORK, May 17 (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.

Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down

UPDATE 1-Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down Adds comment from Genesis, detail from court decision in paragraphs 2-10 By Dietrich Knauth NEW YORK, May 17 (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.

Crypto lender Genesis to return $3 bln to customers in bankruptcy wind-down

Crypto lender Genesis to return $3 bln to customers in bankruptcy wind-down NEW YORK, May 17 (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy. R

US arrests two Chinese nationals in $73 million crypto scam

US arrests two Chinese nationals in $73 million crypto scam May 17 (Reuters) - U.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday. U.S. officials arrested Yicheng Zhang in Los Angeles on Thursday, according to an indictment unsealed in U.S.

Crypto stocks rise on bitcoin strength

BUZZ-Crypto stocks rise on bitcoin strength Updates ** Shares of cryptocurrency and blockchain-related companies rise as bitcoin gains ** Bitcoin BTC= , the world's biggest cryptocurrency, is currently up 3%; Ether ETH= rises 5.5% ** Cryptocurrency exchange Coinbase Global COIN.O is up 4.7 % and miners Riot Platforms RIOT.O , Marathon Digital MARA.
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NY man who used name of fake 'Seinfeld' company pleads guilty to fraud

NY man who used name of fake 'Seinfeld' company pleads guilty to fraud By Jonathan Stempel NEW YORK, May 17 (Reuters) - A Brooklyn man who ran a business named for a fake company from the TV show "Seinfeld" to swindle $1.34 million from real estate and cryptocurrency investors, leaving some victims with nothing, has pleaded guilty to wire fraud, U.S.

Nigeria court rules Binance executive can face trial on behalf of crypto exchange

UPDATE 1-Nigeria court rules Binance executive can face trial on behalf of crypto exchange Adds Binance comment in paragraph 5 and 6 By Camillus Eboh ABUJA, May 17 (Reuters) - A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Binance and executives Gambaryan, a U.S.
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BofA upgrades Coinbase on renewed crypto enthusiasm

BUZZ-BofA upgrades Coinbase on renewed crypto enthusiasm ** BofA Global Research upgrades cryptocurrency exchange Coinbase Global COIN.O to "neutral" from "underperform", citing retail re-engagement of crypto ** Hikes price target (PT) to $217 from $110; new PT is about 9% higher than stock's previous close ** BofA sees a larger investor base for c

Nigeria court rules Binance executive can face trial on behalf of crypto exchange

Nigeria court rules Binance executive can face trial on behalf of crypto exchange By Camillus Eboh ABUJA, May 17 (Reuters) - A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Binance and executives Gambaryan, a U.S. citizen and head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, a regional manager for Africa, face four counts of tax evasion.
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