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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
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[1/2]Tether logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights LONDON, Nov 20 (Reuters) – Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The U.S. Secret … Read more
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[1/2]A pedestrian walks past the PayPal logo at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Nov 2 (Reuters) – PayPal Holdings (PYPL.O) added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors, even as the payments giant disclosed a subpoena … Read more
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LONDON, Oct 22 (Reuters) – A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 … Read more
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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
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The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Aug 7 (Reuters) – Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. PayPal’s announcement, which lifted … Read more