Crypto stocks surge as bitcoin hits fresh 2023 high

reuters | December 4, 2023

(Reuters) -Cryptocurrency-related stocks listed in the U.S. surged on Monday, looking to extend their strong November gains, as bitcoin topped $42,000 to hit a fresh high for the year. Shares of companies whose fortunes are tied to the cryptocurrency have rallied in recent weeks, spurred by optimism about potential interest rate cuts in the U.S. […]

US SEC sues Kraken crypto exchange over failure to register

reuters | November 21, 2023

By Jonathan Stempel (Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. The lawsuit in San Francisco federal court is the latest step in SEC Chair Gary Gensler’s […]

Cryptoverse: Bitcoin miners make money ahead of ‘halving’

reuters | November 14, 2023

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin miners are making hay while the sun shines. The business has been yanked out of the doldrums by the cryptocurrency’s recent rally – and now mining companies are racing to lock in profits before bitcoin’s “halving”, when rewards for producing the tokens are cut in […]

The Other Crypto Bosses in U.S. Authorities’ Crosshairs

Cam White | November 4, 2023

By Niket Nishant and Hannah Lang WASHINGTON (Reuters) – Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry. But he’s not the only one in regulators’ sights. As token prices plummeted last year, the sector […]

Coinbase Shares Fall on Lower Trading Volume despite Revenue Beat

Cam White | November 3, 2023

By Hannah Lang (Reuters) -Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row, sending shares of the company down in after-hours trading. Trading volumes at the crypto exchange in the third quarter came in at $11 billion, compared with $26 billion a […]

Bitcoin Hits Three-Month High, Buoying Crypto Stocks

Cam White | October 23, 2023

By Hannah Lang and Kanjyik Ghosh (Reuters) -Bitcoin, the world’s largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund. The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global and Marathon Digital Holdings up 6.5% […]

Basel Committee Proposes Crypto Disclosures from Banks by January 2025

Cam White | October 17, 2023

LONDON (Reuters) – Global banking regulators on Tuesday proposed a standardized format for major banks to disclose their holdings of crypto assets from January 2025 to support “market discipline” by giving a complete picture to investors. The Basel Committee of banking regulators from the world’s main financial centers agreed new rules last December on how […]

Ferrari to Accept Crypto as Payment for Its Cars in the U.S.

Cam White | October 15, 2023

By Giulio Piovaccari MILAN (Reuters) – Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the […]

The Crypto Market Still Bears the Scars of FTX’s Collapse

Cam White | October 3, 2023

By Hannah Lang and Elizabeth Howcroft (Reuters) – The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on […]

Valkyrie Funds to Add ‘Ether’ Futures in Exchange-Traded Fund after SEC Approval

Cam White | September 29, 2023

By Suzanne McGee (Reuters) – Investment manager Valkyrie Funds LLC has begun adding ethereum futures to its existing Bitcoin futures exchange-traded fund, after getting the green light from the U.S. Securities and Exchange Commission (SEC), the company said on Thursday. The renamed Valkyrie Bitcoin and Ether Strategy ETF will launch on Monday, Valkyrie’s chief investment […]

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