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August 18, 2022

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Ecuadorian ‘unicorn’ Kushki buys finance service startup in Mexican expansion

Reuters
MEXICO CITY, Aug 17 (Reuters) – Ecuadorian “unicorn” Kushki, an online payment platform servicing Latin America, will purchase Mexican startup Billpocket in a bid to triple its growth in Mexico over the next few months, Kushki said Wednesday. Kushki, which expanded to Mexico in 2020, said the purchase of Billpocket......

Cryptoverse: Blockchain bridges fall into troubled waters

Reuters
Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from......

Robinhood shares jump 12% on job cuts, smaller-than-feared loss

Reuters
The logo of Robinhood Markets Inc is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – Shares of Robinhood Markets Inc closed up......

Bitcoin rises 3.4% to $24,584; up 39.7% from year low in June

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register July 30 (Reuters) – Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its......

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

Reuters
A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing HK shares jump nearly 6%; move will diversify investor base -CEO Seen boosting......

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

Reuters
A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing HK shares jump nearly 6%; move will diversify investor base -CEO Seen boosting......

Southeast Asian crypto exchange Zipmex suspends withdrawals

Reuters
July 21 (Reuters) – Southeast Asia-focused cryptocurrency exchange Zipmex has suspended withdrawals, the company said in a tweet on Wednesday night, with an executive of its Thai affiliate citing liquidity difficulties at crypto lenders Babel Finance and Celsius. Zipmex, which says it operates in Singapore, Thailand, Indonesia and Australia, is......

Privately issued digital currencies likely better – Australia c.bank chief

Reuters
July 17 (Reuters) – Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said on Sunday. Many central banks around the world are developing so-called central bank digital currencies (CBDCs), either retail tokens......

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

Reuters
Seven Iranians say used Binance for crypto after U.S. reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw U.S. regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process......

Russia’s Sberbank executes first digital asset issue on its platform

Reuters
The logo is on display in an office of Sberbank in Saint Petersburg, Russia April 19, 2022. REUTERS/REUTERS PHOTOGRAPHER Register now for FREE unlimited access to Reuters.com Register MOSCOW, July 9 (Reuters) – Russia’s dominant lender Sberbank (SBER.MM) on Saturday said it had carried out the first digital financial asset......

Cryptoverse: The bonfire of the NFTs

Reuters
July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on......

French MEP asks regulator to justify Binance approval, cites Reuters report

Reuters
LONDON, July 5 (Reuters) – A French Member of the European Parliament (MEP) urged France’s market regulator to review its decision to register the Binance cryptocurrency exchange, citing a recent Reuters investigation into money laundering on the platform. In a June 13 letter, Aurore Lalucq, also a member of the......

Cryptoverse: The bonfire of the NFTs

Reuters
July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on......

U.S. crypto firm Harmony hit by $100 million heist

Reuters
LONDON, June 24 (Reuters) – U.S. crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers. Harmony develops blockchains for so-called decentralised finance......

Cryptoverse: Crypto lenders face a DeFi drubbing

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Crypto lending may not be down and out, but it’s certainly on the ropes.......

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

Reuters
NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc......

Bitcoin sinks to fresh 18-month low as crypto meltdown deepens

Reuters
LONDON/NEW YORK, June 15 (Reuters) – Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , its lowest......

Wall Street regulator to spell out push to overhaul stock trading -sources

Reuters
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 8 (Reuters) –......

Cryptoverse: The early birds betting bitcoin’s bottoming out

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw......

U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

Reuters
WASHINGTON, May 26 (Reuters) – Republican senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, amid fears the payment system could allow Beijing to spy on Americans. The bill, unveiled Thursday and first reported by......

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