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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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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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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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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 »