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Bitcoin goes through third ‘halving’, falls vs U.S. dollar

NEW YORK (Reuters) – Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down. Monday’s “halving” cuts th... More »

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Switzerland files criminal complaint over Crypto spying scandal

VIENNA (Reuters) – The Swiss government has filed a criminal complaint over the U.S. Central Intelligence Agency’s alleged use of a cryptography company as a front to spy on various governments’ secret communications, the Swiss attorney general’s office said o... More »

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Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game

LONDON (Reuters) – Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryptocurrency. Stablecoins, such as Facebook’s (FB.O) Libra, are a new breed of cryptocurrencies that aim to escape the... More »

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VanEck SolidX bitcoin trust to sell shares to institutional buyers

NEW YORK (Reuters) – Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to “qualified institutional buyers,” the companies said on Tuesday, in a move aimed at further attracting institutional m... More »

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Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

LONDON (Reuters) – Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin. Bitcoin fell 11.1% from Friday to $9,855 early on Monday, its lo... More »

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U.S. investor awarded $75 million in cryptocurrency crime case

NEW YORK (Reuters) – U.S. entrepreneur and cryptocurrency investor Michael Terpin won $75.8 million in a civil judgment against a 21-year-old man who Terpin said was part of a scheme that defrauded him of digital currencies, court documents showed on Friday. C... More »

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U.S. charges My Big Coin virtual currency firm founder with fraud

BOSTON (Reuters) – The founder of a Nevada-based company was arrested on Wednesday on federal charges he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big Coin that he claimed was backed by gold. Randall C... More »

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India’s cryptocurrency investors bet trading will survive bank ban

NEW DELHI/MUMBAI (Reuters) – A month after India’s central bank barred regulated lenders from facilitating cryptocurrency transactions, trading volumes have surged dramatically alongside a sharp rally in prices. Exchange operators, investors and analysts say p... More »

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Bitcoin frenzy settles down as big players muscle into market

LONDON/NEW YORK/SINGAPORE (Reuters) – After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say. A worldwide wave of regulation has led to a collapse in ... More »

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Iran central bank bans cryptocurrency dealings

DUBAI (Reuters) – Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis. “Banks and c... More »

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Yahoo Japan to buy minority stake in cryptocurrency exchange

TOKYO (Reuters) – Yahoo Japan Corp said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange, becoming the latest major Japanese financial services provider to shrug off security concerns and join the digital money industry. Yahoo J... More »

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Trading firm Virtu distances itself from phony cryptocurrency

FILE PHOTO – Specialist traders work at a Virtu Financial booth on the floor of the New York Stock Exchange April 16, 2015. REUTERS/Brendan McDermid NEW YORK (Reuters) – Virtu Financial Inc (VIRT.O) on Friday distanced itself from a fake cryptocurrency called ... More »

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Japan’s cryptocurrency exchanges to set up self-regulatory body

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration TOKYO (Reuters) – Japan’s 16 government-registered cryptocurrency exch... More »

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SEC investigates Overstock token sale, shares slide

The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating Overstock.com Inc’s (OSTK.O) sa... More »

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Crypto ‘noobs’ learn to cope with wild swings in digital coins

FILE PHOTO – Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – After researching digital currencies... More »

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Venezuela cryptocurrency to draw investment from Turkey,…

CARACAS (Reuters) – Venezuela’s new “petro” cryptocurrency will attract investments from Turkey, Qatar, the United States and Europe, the country’s cryptocurrency regulator said on Friday. The government of President Nicolas Maduro, which says the petro will h... More »

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Swiss watchdog to treat some coin offerings as securities

FILE PHOTO: Cryptocurrencies are seen on a website that tracks the value of initial coin offerings (ICO) in this illustration. REUTERS/Thomas White/Illustration/File Photo ZURICH (Reuters) – Switzerland’s financial watchdog will regulate some digital currency ... More »