Crypto firm Circle to move headquarters to New York City ahead of planned IPO
By Hannah Lang (Reuters) - Circle Internet Financial, the company behind stablecoin USDC, is moving its global corporate headquarters from Boston to New York City, after filing confidentially earlier this year for a U.S. initial public offering. Circle plans to open its
Crypto sell-off deepens as weak economic data dampens risk-taking
By Ankur Banerjee, Surbhi Misra, Niket Nishant and Medha Singh, Amanda Cooper, and Ira Iosebashvili (Reuters) - U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a
Bitcoin, ether sink to multi-month lows as recession worries take hold
By Ankur Banerjee, Surbhi Misra and Ira Iosebashvili (Reuters) - Bitcoin and ether tumbled on Monday to multi-month lows as worries over a possible U.S. recession in the wake of soft data gripped financial markets and triggered a rush to safe-haven
US Treasury finalizes new crypto tax reporting rules
By Hannah Lang (Reuters) - The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service. The new requirements
Consensus 2024: politics meets cryptocurrency at major US conference
Politics meets cryptocurrency at major US conference Consensus 2024 draws the digital assets world together, with politicians expressing their support for cryptoYou would be forgiven for saying that years ago, the political realm avoided anything related to digital assets. Cryptocurrencies are
New York recovers $50 million for defrauded Gemini Earn crypto investors
By Jonathan Stempel NEW YORK (Reuters) - New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program, she said on Friday. Gemini, run by billionaire twin brothers
Trump pitches himself as ‘crypto president’ at San Francisco tech fundraiser
By Alexandra Ulmer SAN FRANCISCO (Reuters) - Republican presidential candidate Donald Trump presented himself as a champion for cryptocurrency and slammed Democrats' attempts to regulate the sector during a San Francisco fundraiser on Thursday, three sources present told Reuters. Trump raised $12
Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit
By Sam Tobin LONDON (Reuters) - Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to "delist" the Bitcoin
Biden vetoes congressional disapproval of SEC accounting bulletin on crypto assets
By Douglas Gillison WASHINGTON (Reuters) - U.S. President Joe Biden on Friday vetoed a congressional disapproval of the U.S. Securities and Exchange Commission's accounting bulletin on crypto assets. "By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain