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  • Exclusive: Binance Transferred $346M for Seized Crypto Exchange Bitzlato, Data Shows

    Exclusive: Binance Transferred $346M for Seized Crypto Exchange Bitzlato, Data Shows

    LONDON, Jan 24 (Reuters) – Cryptocurrency giant Binance has processed almost $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by US authorities last week for alleged use of a “money laundering mechanism”, according to blockchain data seen by Reuters . The Justice Department on Jan. 18 said it charged Bitzlato […] More

  • Cryptoverse: Bitcoin Investors Take Control

    Cryptoverse: Bitcoin Investors Take Control

    January 24 (Reuters) – Paranoid? The collapse of FTX and other crypto custodians is enough to make the most gullible investor grab their bitcoin and shove it under the mattress. Indeed, holders large and small are taking on the “self-custody” of their funds, transferring them from crypto exchanges and trading platforms to personal digital wallets. […] More

  • New York Financial Regulator Targets Firms Pooling Cryptocurrency Funds

    New York Financial Regulator Targets Firms Pooling Cryptocurrency Funds

    January 23 (Reuters) – New York’s top financial regulator will issue new guidance on Monday requiring companies to separate clients’ crypto assets from their own following alleged mixing of funds on bankrupt crypto exchange FTX and its trading subsidiary Alameda Research. resulted in huge losses for customers. The New York State Department of Financial Services […] More

  • Parent company Google to lay off 12,000 employees due to increased focus on AI

    Parent company Google to lay off 12,000 employees due to increased focus on AI

    Jan 20 (Reuters) – Alphabet Inc (GOOGL.O), Google’s parent company, is cutting about 12,000 jobs, or 6% of its workforce, a staff memo said Friday as the tech sector suffers from layoffs and companies do betting on an artificial future. intelligence (AI). Alphabet shares are up nearly 4% in morning trading. The cuts come at […] More

  • Davos 2023: Intimidated Crypto Crowd Feel Winter Freeze at WEF

    Davos 2023: Intimidated Crypto Crowd Feel Winter Freeze at WEF

    DAVOS, Switzerland, Jan. 19 (Reuters) – In the snow and ice on the main highway in Davos, WEF participants clearly see the impact of crypto-winter. Last May, the swanky storefronts on both sides of the Promenade, which runs through the Swiss ski resort, were dominated by bitcoin crypto firms. Now there are only a few […] More

  • Yellen warns of US default risk by June, calls for higher debt limit

    Yellen warns of US default risk by June, calls for higher debt limit

    WASHINGTON, Jan 13 (Reuters) – Treasury Secretary Janet Yellen said on Friday that the United States is likely to exceed its $31.4 trillion legal debt limit on January 19, forcing the Treasury Department to take emergency cash management measures. , which is likely to prevent default ahead of schedule. June. “Once the limit is reached, […] More

  • Cryptocurrency Hits Record $20 Billion in 2022, Report Says

    Cryptocurrency Hits Record $20 Billion in 2022, Report Says

    LONDON, Jan 12 (Reuters) – Cryptocurrency illicit use hit a record $20.1 billion last year as transactions involving companies subject to US sanctions soared, data from blockchain analytics firm Chainalysis showed. The cryptocurrency market in 2022 collapsed due to a decrease in risk appetite and the collapse of various crypto firms. Investors have suffered big […] More

  • Dollar falls to near 9-month low against euro after US inflation data

    Dollar falls to near 9-month low against euro after US inflation data

    NEW YORK, Jan 12 (Reuters) – The US dollar tumbled to a nearly 9-month low against the euro on Thursday after US inflation data showed prices were on a sustained downward trend, raising expectations that The Federal Reserve will be less aggressive going forward. with higher rates. The data showed that in December, prices unexpectedly […] More