cryptocurrencies
Top StoriesFtx Collapse Shows Urgent Need to Finalise EU Crypto Rules, Says European Commission
Top StoriesBlockFi Tells U.S. Bankruptcy Court It Is ‘the Antithesis of Ftx’
Top StoriesExclusive-Bankman-Fried’s Ftx, Parents Bought Bahamas Property Worth $121 Million
Top StoriesCollapsed Ftx Owes Nearly $3.1 Billion to Top 50 Creditors
‘Wave’ of Lawsuits Over Ftx Expected, but Investors Will Face Legal Hurdles
Date: November 18, 2022
By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange, though the cases will face obstacles including proving that U.S. securities law applies to FTX’s products, experts said. The lawsuit,...
Musk to Relaunch Twitter’s Blue Check Subscription on Nov 29
Date: November 16, 2022
(Reuters) -Billionaire Elon Musk said on Tuesday that Twitter’s sought-after blue check subscription service will be relaunched on Nov. 29, a minor delay from his initial tentative timeline to bring back the service on the social media platform. “Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid,” Musk...
UK Financial Watchdog Urges Political Support for Crypto Bans
Date: November 16, 2022
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) on Tuesday called on lawmakers to show their support for its unpopular decision not to grant licences to scores of crypto exchanges like FTX, which has just collapsed. The FCA has come under pressure as 85% of licence applications from crypto trading firms have...
Ukraine War and Global AML Crackdown Put Financial Institutions on the Frontline
Date: November 15, 2022
The war in Ukraine, with its energy and cost of living fallout, has driven geopolitical conflict back to the top of the global agenda. It has also put financial institutions on the frontline of the battle, writes Shamus O’Donnell, CEO and Founder Deep Pool Financial Solutions Since Russia began its “special military operation” in February...
ECB Likely to Keep Raising Rates Beyond 2% Level, Says French Central Bank Chief
Date: November 15, 2022
By Daniel Leussink TOKYO (Reuters) -The European Central Bank (ECB) will probably continue to raise interest rates beyond 2%, but “jumbo” rate hikes will not become a new habit, France’s central bank chief said in Tokyo, while also calling for international regulation of crypto assets. The ECB has increased rates at its fastest pace on...
U.S. Dollar Regains Some Ground as Investors Re-Examine Fed Bets
Date: November 14, 2022
(Updates prices, adds commentary, New York dateline) By Sinéad Carew and Joice Alves New York/London (Reuters) – The U.S. dollar rose against the euro and yen on Monday, as investors kept their focus on the Federal Reserve’s interest rate hiking path after a policymaker said too much was being made of last week’s cooler U.S....