cryptocurrencies
Top StoriesBitcoin-Sterling Volumes Spike to Record High as British Currency Flounders
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Top StoriesDepositions of Musk, Twitter’s Agrawal Have Been Postponed -Sources
BankingClosing the Financial Equity Gap: Why All Banking Should Be Done in the U.S.
What Crisis? High-Stakes Crypto Lending Looks Here to Stay
Date: September 23, 2022
(Updates Trenchev’s estimate for unsecured lending) By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a...
Cryptoverse: After Merge, Ether Heads for a $20 Billion Shanghai Splurge
Date: September 20, 2022
By Medha Singh and Lisa Pauline Mattackal (Reuters) – The Merge came, saw and conquered. Not that you’d guess from crypto prices. The Ethereum blockchain’s mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive “proof of stake” (PoS) system with hardly a hiccup. Even though anticipation of the event had seen...
Bank Capital Rules for Cryptoassets Due by Year End
Date: September 13, 2022
By Huw Jones LONDON (Reuters) -The global Basel Committee of banking regulators will complete work on “robust” rules for how banks must set aside capital to cover cryptoassets on their books, the committee’s oversight body said on Tuesday. The panel, made up of banking regulators from the world’s main financial centres, has proposed punitive capital...
Cryptoverse: Ether Snaps at Bitcoin’s Heels in Race for Crypto Crown
Date: September 13, 2022
By Medha Singh and Lisa Pauline Mattackal (Reuters) – For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic. The second-biggest cryptocurrency is taking market share from bitcoin ahead of an all-important “Merge” software upgrade that could sharply reduce the energy usage of its Ethereum...
Cryptoverse: Ether Snaps at Bitcoin’s Heels in Race for Crypto Crown
Date: September 13, 2022
By Medha Singh and Lisa Pauline Mattackal (Reuters) – For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic. The second-biggest cryptocurrency is taking market share from bitcoin ahead of an all-important “Merge” software upgrade that could sharply reduce the energy usage of its Ethereum...
Low-Carbon Bitcoin Crypto Miners’ Green Power Talk Angers Texas Locals
Date: September 6, 2022
By Avi Asher -Schapiro CORSICANA, Texas (Thomson Reuters Foundation) – As temperatures crept above 100 degrees Fahrenheit (37.8C) on a July day, air-conditioners across Texas churned overtime and demand on the U.S. state’s electricity grid flirted with a new demand record: 80 gigawatts (GW), nearly double the daily average. But at a recently set-up bitcoin...