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October 22, 2021

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Boston Fed’s first look at digital U.S. dollar nearly done, official says

Reuters
A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Sept 29 (Reuters) – The first phase of a multi-year research project the Boston Federal Reserve is doing with the Massachusetts Institute of Technology on the technology that could be used for a digital......

Cryptocurrency exchanges scramble to drop Chinese users after Beijing’s ban

Reuters
SHANGHAI, Sept 27 (Reuters) – Beijing’s new blanket ban on all cryptocurrency trading and mining – the broadest yet by a major economy – has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients. Shares in a range of Chinese crypto-related firms plunged on......

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

Reuters
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo China intensifies crypto crackdown Vows to root out “illegal” trading activity, bans mining Bitcoin, smaller coins slump SHANGHAI/LONDON, Sept 24 (Reuters) – China’s most powerful regulators on......

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Reuters
A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray Apple welcomes competition if no one competes with Apple – CBA CBA wants Apple to open its NFC chip for other mobile payments Regulator probing Apple’s......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

Theater chain AMC to accept other cryptocurrencies along with bitcoin

Reuters
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 16 (Reuters) – AMC Entertainment Holdings Inc (AMC.N) boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among......

Factbox: Pros and cons for El Salvador, the first bitcoin nation

Reuters
A banner that reads “We accept Bitcoin, free, fast and without contagion” is seen at a beach cafe on Punta Roca Beach in La Libertad, El Salvador April 25, 2021. REUTERS/Jose Cabezas SAN SALVADOR, Sept 6 (Reuters) – El Salvador will on Tuesday become the first country in the world......

Global crypto exchange CrossTower enters India despite policy uncertainty

Reuters
Representation of cryptocurrency Bitcoin is placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration MUMBAI, Sept 6 (Reuters) – U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and launched a trading platform to capture the growing domestic crypto market even though......

British watchdog demands more power over crypto promotions

Reuters
LONDON, Sept 6 (Reuters) – Britain’s Financial Conduct Authority (FCA) called on Monday for powers to govern the online promotion of cryptoassets to combat a flood of “problematic content” which it said has no value. With some cryptoassets using social media influencers and other celebrities to promote so-called tokens, Britain’s......

Robinhood says SEC reviewing share sale filing – Reuters

Reuters
Robinhood says SEC reviewing share sale filing Reuters Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

MEME ETF seeks to tap retail investor sentiment

Reuters
A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. Picture taken January 27, 2021. REUTERS/Nick Zieminski/File Photo NEW YORK, Aug 26 (Reuters) – Investors looking to bet on the “meme stock” phenomenon that has characterized the retail trading boom......

Binance can’t be supervised properly, says UK financial watchdog

Reuters
Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration LONDON, Aug 25 (Reuters) – The world’s biggest crypto exchange Binance is not capable of being supervised properly and poses a significant risk to consumers, Britain’s Financial Conduct Authority (FCA) said in a document......

NFT sales surge as speculators pile in, sceptics see bubble

Reuters
LONDON, Aug 25 (Reuters) – Non-fungible token (NFT) sales surged in August, according to the largest platform for the burgeoning digital asset class, as speculators bet growing interest across the art, sport and media worlds will keep prices rising. The niche crypto asset, which is a blockchain-based record of ownership......

Meme stocks soar in late day trading surge, short sellers knocked

Reuters
NEW YORK, Aug 24 (Reuters) – Shares of several retail trading darlings, including AMC Entertainment (AMC.N) and GameStop (GME.N), surged in heavy volume late on Tuesday, on no apparent news, dealing over $1 billion in losses to short sellers. While broad market indexes rose modestly on Tuesday, with the Nasdaq......

Citi considering bitcoin futures trading for some institutional clients

Reuters
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration Aug 24 (Reuters) – Citigroup Inc (C.N) is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency......

Crypto platform Poly Network says hacked funds returned

Reuters
A representation of cryptocurrency Monero is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustrationo/File Photo HONG KONG, Aug 23 (Reuters) – Cryptocurrency platform Poly Network said on Monday that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been......

AMC Entertainment will have technology to receive bitcoin as payment by year-end – CEO

Reuters
An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri Aug 9 (Reuters) – Cinema operator AMC Entertainment (AMC.N) will have the technology in place to receive payment in bitcoin by the end......

‘Meme stock’ AMC Entertainment beats quarterly revenue estimates

Reuters
An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, U.S., June 2, 2021. REUTERS/Carlo Allegri Aug 9 (Reuters) – Cinema operator AMC Entertainment (AMC.N) beat second-quarter revenue estimates on Monday, lifted by the return of moviegoers to its theaters after a......

U.S. SEC Chair Gensler calls on Congress to help rein in crypto ‘Wild West’

Reuters
WASHINGTON, Aug 3 (Reuters) – The chair of the U.S. Securities and Exchange Commission (SEC) on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a “Wild West” he said is riddled with fraud and investor risk. Gary Gensler said the......

Square to buy Afterpay for $29 bln as buy now, pay later booms

Reuters
A logo for the company Afterpay is seen in a store window in Sydney, Australia, July 9, 2020. REUTERS/Stephen Coates Aug 2 (Reuters) – Square Inc (SQ.N) will buy Australia’s Afterpay Ltd (APT.AX) for about $29 billion in an all-stock deal as the U.S. fintech firm looks to leverage burgeoning......

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