Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
By Dietrich Knauth NEW YORK (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery
What is bitcoin’s ‘halving’, and does it matter?
By Elizabeth Howcroft and Tommy Reggiori Wilkes, LONDON (Reuters) - As bitcoin's price reaches new heights, attention is turning to its upcoming "halving" and whether it is playing a role in its ascent. Depending on where you sit, the halving is a
Bitcoin hits $50k level for first time in more than two years
By Hannah Lang and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) - Bitcoin hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last
Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets
By Gursimran Kaur (Reuters) - Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale
Spot bitcoin ETFs to start trading in big boost to crypto industry
By Manya Saini and Niket Nishant (Reuters) - Several exchange-traded funds (ETFs) tied to the spot price of bitcoin will start trading in the U.S. on Thursday before the bell in a landmark moment for the cryptocurrency industry that has been
Cryptoverse: ‘Layer two’ tokens enjoy new life as bitcoin soars
By Medha Singh and Lisa Pauline Mattackal (Reuters) - It's next-level stuff. "Layer 2" cryptocurrencies native to projects built on top of "layer 1" blockchains such as Bitcoin and Ethereum - have found a new lease of life after a year
US SEC sues Kraken crypto exchange over failure to register
By Jonathan Stempel (Reuters) - Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. The lawsuit
Britain to push ahead with rules for cryptoassets
By Huw Jones LONDON (Reuters) - Britain said on Monday it would legislate to implement its first set of rules to regulate the crypto sector, requiring market participants to be authorised before they can offer services to consumers. Cryptoassets remain a tiny
Ransomware’s infiltration of cryptocurrencies
Cryptocurrencies: Cyber attacks, once mere theoretical possibilities, have now become a grave threat to modern society. While ransomware attacks have become commonplace, some recent high-profile incidents have thrust them into the limelight. Ransomware payments 4imag journalists are constantly working on showing you