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Illustration shows Celsius Network logo and representations of cryptocurrencies
Celsius Network hires advisors to prepare for potential bankruptcy – WSJ

(Reuters) – Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported https://www.wsj.com/amp/articles/celsius-network-taps-more-advisers-to-prepare-for-potential-bankruptcy-11656088078?mod=Searchresults_pos1&page=1 on Friday, citing people familiar with the matter.

Jun 24, 2022
IIlustration shows representations of virtual cryptocurrencies on U.S. Dollar banknotes
Explainer-Can crypto holders recoup losses in court?

By Jody Godoy (Reuters) – A downturn in cryptocurrency prices and crash of one stablecoin has led some investors to try to recover their losses in U.S. court. Here is how cryptocurrency litigation has fared so far and the challenges investors may face.

Jun 24, 2022
Illustration photo of a computer network cable above a Chinese flag
U.S. lawmakers to unveil bill barring U.S. data flows to high-risk countries

By Alexandra Alper and David Shepardson WASHINGTON (Reuters) – A bipartisan group of U.S. senators plans to introduce legislation on Thursday that would give the Biden administration the power to block exports of U.S. personal data to countries like China that they say pose national security risks.

Jun 23, 2022
Illustration shows British Pound banknotes
Some Brits turn to gambling, crypto to make ends meet, charity warns

LONDON (Reuters) – Britain’s worsening cost-of-living squeeze is pushing some people into gambling and cryptocurrency investments in last-ditch attempts to make ends meet, a gambling charity warned on Thursday.

Jun 22, 2022
A woman throws her graduation mortar board cap in the air as she poses for her photographer in front of the Lincoln Memorial in Washington
U.S. tech companies yank job offers, leaving college grads scrambling

By Sheila Dang (Reuters) – One by one, over the last week of May, Twitter Inc rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients.

Jun 22, 2022
Illustration shows Tether logo and U.S. dollars
Crypto giant Tether to launch sterling-pegged stablecoin

By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) – Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency.

Jun 22, 2022
BIS General Manager Agustin Carstens leaves after G-20 finance ministers and central banks governors family photo during the IMF/World Bank spring meeting in Washington
Crypto fears now materialising, central bank body BIS says

By Marc Jones LONDON (Reuters) – Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said.

Jun 21, 2022
Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water
Crypto’s latest meltdown leaves punters bruised and bewildered

By Tom Wilson, Elizabeth Howcroft, Nupur Anand and Ece Toksabay

Jun 21, 2022
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris
Cryptoverse: Crypto lenders face a DeFi drubbing

By Lisa Pauline Mattackal and Medha Singh

Jun 21, 2022
Illustration shows representations of cryptocurrencies
Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

(Reuters) – Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity.

Jun 21, 2022
A smartphone with Facebook's logo is seen in front of displayed Facebook's new rebrand logo Meta in this illustration
Meta loses appeal in Russian court over ‘extremist activity’ tag -TASS

(Reuters) – A Moscow court on Monday rejected an appeal brought by Meta Platforms Inc after it was found guilty of “extremist activity” in Russia, the TASS news agency reported.

Jun 20, 2022
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture
Crypto industry fears contagion as bitcoin slips under $20,000

By Alun John HONG KONG (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained.

Jun 20, 2022
Illustration shows representation of cryptocurrency Bitcoin plunging into water
Bitcoin recovers, climbs 7.6% to pass $20,400

By Tina Bellon (Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.

Jun 19, 2022
Bitcoin lures inflation-weary Argentines despite crypto crash
Bitcoin drops 6.5% to below $20,000

(Reuters) – Bitcoin dropped 6.53% to $19,106.37 at 0734 GMT on Saturday, losing $1,334.33 from its previous close.

Jun 18, 2022
Illustration shows representation of cryptocurrency bitcoin
Babel Finance suspends withdrawals as crypto markets slump

(Reuters) – Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the digital currency market.

Jun 17, 2022