Crypto

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

By Elizabeth Howcroft LONDON, Aug 18 (Reuters) - Tether, the world's largest stablecoin, said on Thursday it had appointed accounting firm BDO Italia to vouch for its asset reserves, and would look to increase the frequency of publishing its reserves reports to monthly from quarterly. Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 U.S.

Financial Times - Aug 18

Financial Times - Aug 18

Aug 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Ofgem director quits in protest at changes to price cap calculation Link - Genesis CEO exits after crypto broker took hit from Three Arrows collapse Link - Sanofi drops experimental breast cancer drug after second trial fails Link - Jim Ratcliffe declares interest in buying Manchester United Link Overview - A board member of Ofgem

ECB steps in as banks dip toes in crypto pool

ECB steps in as banks dip toes in crypto pool

By Huw Jones LONDON, Aug 17 (Reuters) - The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West. Several crypto companies like Binance and Crypto.com have been authorised in EU countries such as Italy, France, Spain, Greece or Germany after complying with national safeguards to combat money laundering and terrorist financing.

Federal Reserve issues guidance for banks considering crypto activities

Federal Reserve issues guidance for banks considering crypto activities

By Pete Schroeder and Hannah Lang WASHINGTON, Aug 16 (Reuters) - The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while cryptocurrencies could present "potential opportunities" to banks, firms needed to make sure they had systems in place beforehand to ensure the volatile assets did n

Federal Reserve issues guidance for banks considering crypto activities

Federal Reserve issues guidance for banks considering crypto activities

WASHINGTON, Aug 16 (Reuters) - The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while cryptocurrencies can present "potential opportunities" to banks, firms need to make sure they have systems in place beforehand to ensure the volatile assets do not threaten safety and soundness or co

China growth woes boost dollar, weigh down Aussie

China growth woes boost dollar, weigh down Aussie

By Kevin Buckland and Alun John TOKYO/HONG KONG, Aug 16 (Reuters) - The safe-haven U.S. dollar hit a one-week high on Tuesday after weak global economic data, particularly in China, reignited global recession fears and weighed on risk-friendly currencies like the Australian dollar. The dollar index =USD , which measures the greenback against six major peers, hit a peak of 106.81 in early European trading, regaining all its losses from last week when lower-than-expected U.S.

Dollar firm vs Aussie, euro on heightened recession worries

Dollar firm vs Aussie, euro on heightened recession worries

By Kevin Buckland TOKYO, Aug 16 (Reuters) - The safe-haven U.S. dollar reached a fresh one-week high on Tuesday while the euro, Aussie and Chinese yuan sank to new lows after weak global economic data regnited recession fears. The dollar index =USD , which measures the greenback against six major peers, rose as high as 106.62, its strongest level since Aug.

Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

By Medha Singh and Lisa Pauline Mattackal Aug 16 (Reuters) - It looks like ethereum's mega-upgrade is happening. Finally. After years of delays, the "Merge" seems all but certain to take place in September, with the cryptography underlying the blockchain undergoing a radical shift to a system where the creation of new ether tokens becomes far less energy-intensive.

Dollar firm vs Aussie, euro on heightened recession worries

Dollar firm vs Aussie, euro on heightened recession worries

By Kevin Buckland SINGAPORE/TOKYO/HONG KONG, Aug 16 (Reuters) - The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data regnited recession fears. The dollar index =USD , which measures the greenback against six major peers, held steady at 106.51, just below the previous session's peak of 106.55, the strongest since Monday of last week.

Dollar firm vs Aussie, euro on heightened recession worries

Dollar firm vs Aussie, euro on heightened recession worries

By Kevin Buckland SINGAPORE/TOKYO/HONG KONG, Aug 16 (Reuters) - The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data regnited recession fears. The dollar index =USD , which measures the greenback against six major peers, held steady at 106.51, just below the previous session's peak of 106.55, the strongest since Monday of last week.

Israel arrests three in international money laundering probe

Israel arrests three in international money laundering probe

JERUSALEM, Aug 15 (Reuters) - Israeli authorities said on Monday they had arrested three suspects as part of an investigation into "large-scale fraud" against the French treasury and the theft and laundering of millions of euros with cryptocurrencies. The Israel Tax Authority and police said in a statement they had been investigating a number of people in recent months suspected of systematically laundering money.