Bitcoin tops $40,000 for first time since May 2022 as momentum builds

Bitcoin tops $40,000 for first time since May 2022 as momentum builds

Bitcoin and ether hit 2023 highs Rate cut and ETF optimism driving gains Signs of institutional buyers in November – market maker LONDON/SINGAPORE, Dec 4 (Reuters) – Bitcoin has broken above $40,000 for the first time since May 2022 as it rides a wave of momentum on broad enthusiasm about U.S. interest rate cuts and … Read more

PayPal to halt UK crypto sales until 2024

PayPal to halt UK crypto sales until 2024

The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights LONDON, Aug 16 (Reuters) – Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s … Read more

US Fed clarifies process for banks to transact in stablecoins

US Fed clarifies process for banks to transact in stablecoins

The U.S. Federal Reserve building in Washington, D.C./File Photo Aug 8 (Reuters) – State banks that are a member of the U.S. Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a … Read more

Terraform Labs must face US SEC fraud allegations, judge rules

Terraform Labs must face US SEC fraud allegations, judge rules

NEW YORK, July 31 (Reuters) – Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed … Read more

Mediobanca s’associe à UK Founders Factory dans une poussée fintech

Mediobanca s’associe à UK Founders Factory dans une poussée fintech

MILAN, 24 juillet (Reuters) – Mediobanca (MDBI.MI) s’associera à Founders Factory, basé à Londres, un investisseur en démarrage dans de nouvelles entreprises, pour promouvoir les startups fintech, ont déclaré les deux sociétés, alors que la banque italienne s’efforce d’accroître sa présence internationale et technologique. Mediobanca investira 12 millions d’euros (13 millions de dollars) dans une … Read more