HONG KONG, March 20 (Reuters) – Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets. The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since June ...

Silvergate shares close 6.4% lower Bank suspends crypto payments network Fallout drags down several crypto stocks March 6 (Reuters) – Shares of Silvergate Capital Corp (SI.N) fell as much as 11% on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The stock closed the volatile ...

March 2 (Reuters) – Three U.S. Senators have asked giant cryptocurrency exchange Binance and its U.S. partner Binance.US for information about their regulatory compliance and finances, citing a series of investigations by Reuters and some other media reports, according to a letter released on Wednesday. In the letter, Democrats Elizabeth Warren and Chris Van Hollen ...

BOJ to begin pilot programme on CBDC from April BOJ will conduct simulated transactions in test environment Pilot will help bank be ready if govt issues digital yen -BOJ TOKYO, Feb 17 (Reuters) – Japan will start a pilot programme in April to test the use of a digital yen, its central bank said on ...

Feb 15 (Reuters) – Wall Street’s top regulator on Wednesday adopted rules tightening the time-frame for stock trades in an effort to tamp down the kind of risk seen in 2021’s GameStop fiasco, when retail investors suffered heavy losses. The U.S. Securities and Exchange Commission (SEC) also proposed changing rules protecting client assets held by ...

WASHINGTON/LONDON, Feb 13 (Reuters) – The firm behind Binance’s stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform. In a statement on Monday, Paxos said it disagreed with the SEC’s allegations ...

NEW YORK, Jan 26 (Reuters) – The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three sources with knowledge of the inquiry told Reuters. The SEC has been questioning advisers’ efforts to follow the agency’s rules around custody of clients’ digital ...

Jan 13 (Reuters) – Resurgent risk appetite among some investors is fueling rallies in the shares of so-called meme stocks after a crushing year for equities. Notable moves include a more than 70% surge since the start of January in the shares of Bed Bath & Beyond (BBBY.O). The company’s shares hit a three-decade low ...

Jan 12 (Reuters) – Crypto broker Genesis owes creditors more than $3 billion, a person familiar with the matter told Reuters, as woes pile up for its owner, venture capital company Digital Currency Group (DCG). DCG is considering offloading parts of its venture capital holdings to raise money, the Financial Timesreported Thursday. DCG’s portfolio includes ...

FRANKFURT, Dec 14 (Reuters) – Germany’s top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. Mark Branson, the president of Germany’s financial market regulator BaFin, said a hands-off approach that would “just let the industry grow as a playground for grownups” was ...