OTTAWA, Jan 25 (Reuters) – The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely hold off on further increases for now. The 25-base-point rise matched analysts’ expectations. The bank has …
Bank of Canada hikes rates, becomes first major central bank to signal pause Read More »
LONDON, Jan 24 (Reuters) – Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” blockchain data seen by Reuters show. The Justice Department on Jan. 18 said it charged Bitzlato’s co-founder and majority …
Exclusive: Binance $346 mln for seized crypto exchange Bitzlato, data show Read More »
Jan 24 (Reuters) – Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Indeed, holders big and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. In …
Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. BankmanFried, who has been accused- dollars of stealing billions from FTX customers to pay debts incurred by his cryptofocused hedge fund, has …
Feds seized nearly $700 million from FTX founder Bankman-Fried Read More »
NEW YORK, Jan 19 (Reuters) – A car drove into a metal barricade outside Sam Bankman-Fried’s home in California, his lawyers said on Thursday, in a recent incident they said underscores the security risks faced by the FTX founder and those ensuring his return to court. In a filing in Manhattan federal court, lawyers for …
Car drove into barricade outside Bankman-Fried’s home, lawyers say Read More »
BENGALURU, Jan 20 (Reuters) – The US Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely hold interest rates steady for at least the rest of the year, according to most economists in a Reuters poll. Fed officials broadly agree the US …
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause Read More »
Jan 20 (Reuters) – The lending unit of crypto firm Genesis filed on Thursday for US bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after FTX stunned the financial …
Crypto lending unit of Genesis files for US bankruptcy Read More »
Wall Street stocks end down dollar down vs yen Oil prices up NEW YORK, Jan 19 (Reuters) – World stocks fell on Thursday and US benchmark 10-year Treasury yields bounced up off of four-month lows, as worries mounted that an aggressive stance by central banks could push the global economy into a slowdown. Wall Street …
Stocks fall, yields up; economic slowdown worries mount Read More »
DAVOS, Switzerland, Jan 19 (Reuters) – In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see. Last May, the dressed-up shop fronts that line both sides of the Promenade street running through the Swiss ski resort were dominated by crypto firms, …
Davos 2023: Cowed crypto crowd feel winter freeze at WEF Read More »
Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on Nov. 16 following the downfall of major cryptocurrency …
Crypto lender Genesis preparing to file for bankruptcy – Bloomberg News Read More »