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Cryptocurrency firm Terraform Labs files for bankruptcy in US
The company, whose co-founder is in jail in Montenegro, was behind the crashed TerraUSD and Luna tokens. More »
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#CRYPTOCURRENCY
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Facebook’s Libra announces board as support shrinks further
LONDON/SAN FRANCISCO (Reuters) – Backers of Facebook Inc’s (FB.O) Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in t... More »
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PayPal becomes first member to exit Facebook’s Libra Association
WASHINGTON (Reuters) – U.S. payments processor PayPal Holdings Inc (PYPL.O) said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPa... More »
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Global regulators to question Facebook’s Libra amid EU concerns: paper
(Reuters) – Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday. Officials fr... More »
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France, Germany blast Facebook’s Libra, back public cryptocurrency
HELSINKI (Reuters) – France and Germany said on Friday that Facebook Inc’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. The criticism... More »
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Skirting U.S. sanctions, Cubans flock to cryptocurrency to shop…
HAVANA (Reuters) – Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba. Cuba, which in many ways remains stuck in the analogue pas... More »
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Factbox: Facebook’s cryptocurrency Libra and digital wallet Calibra
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc (FB.O) revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world. Opposition deepened on Friday, when both France... More »
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Facebook’s Libra seeks Swiss payment system license
ZURICH (Reuters) – Facebook’s (FB.O) Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight. The world’s largest social media ... More »
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Swiss-based Libra will have to meet tough U.S. standards: U.S….
BERN (Reuters) – The Facebook-led (FB.O) Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said on Tuesday. Any cryptocurrency pro... More »
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U.S. lawmaker says still concerned about Facebook cryptocurrency…
WASHINGTON (Reuters) – The chair of the U.S. House Financial Services Committee said on Sunday she remained concerned about Facebook’s plans for a digital currency after meeting the government officials in Switzerland that Facebook has said will regulate it. “... More »
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U.S. proposes barring big tech companies from offering financial…
(Reuters) – A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a ... More »
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Coincheck heist sheds light on Japan’s rush to create cryptocurrency r
(This February 11 story has been refiled to add dropped word "they" in second paragraph) More »
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South Korea says North stole cryptocurrency worth billions of won last
FILE PHOTO: Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. REUTERS/Benoit Tessier SEOUL (Reuters) – South Korea said on Monday that North Korea last year stole cryptocurrency from the ... More »
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Japan’s regulator urged Coincheck to fix flaws before $530 million cyb
FILE PHOTO: Women walk under a sign of Japan’s Financial Services Agency in Tokyo, Japan June 29, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Japan’s financial regulator on Friday swooped on Coincheck Inc with surprise checks of its systems and said ... More »
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Japan punishes Coincheck after $530 million cryptocurrency theft
Cryptocurrency exchange Coincheck’s signboard is pictured in front of a building where their office is located, in Tokyo, Japan January 29, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s financial regulator on Monday ordered Coincheck to get its act to... More »
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Hacked Tokyo cryptocurrency exchange to repay owners $425 million
FILE PHOTO: A man walks past a building where Mt. Gox, a digital marketplace operator, is housed in Tokyo February 25, 2014. REUTERS/Toru Hanai TOKYO (Reuters) – Tokyo-based cryptocurrency exchange Coincheck Inc said on Sunday it would return about 46.3 billio... More »
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Singapore central bank head hopes cryptocurrency tech will survive ‘cr
Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December 21, 2017. REUTERS/Dado Ruvic/Illustration SINGAPORE (Reuters) – The head of Singapore’s centr... More »
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Japanese pop group chants cryptocurrency choruses
Members of Japan’s idol group “Virtual Currency Girls” wearing cryptocurrency-themed masks pose after performing in their debut stage event in Tokyo, Japan, January 12, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – A Japanese pop group hopped on the bitcoin b... More »
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Cryptocurrency stocks holding gains despite bitcoin pullback
FILE PHOTO: Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – Stocks that surged in recent weeks because of the cryptocurrency mania have man... More »
