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Bitcoin Once Again Slips Below $20,000

Reuters | Sunday September 18, 2022

Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.

Inside Web 3.0: The New Iteration Of The Internet

Reported by Aprameya Rao, Edited by Rahul Karunakar | Saturday September 17, 2022

If the number of investments and the accompanying buzz are considered, Web3 or Web 3.0 is clearly the future of the internet.

Celsius Files For Permission To Sell Its Stablecoin Holdings

Reuters | Friday September 16, 2022

Bankrupt crypto lender Celsius Network on Thursday, filed a request for sale of its stablecoin holdings, in a bid to generate liquidity to fund its operations.

Galaxy Digital Sued For $100 Million For Ditching Landmark BitGo Deal

Reuters | Friday September 16, 2022, WILMINGTON, Del

Galaxy Digital Holdings Ltd, a crypto financial services firm, should pay at least $100 million in damages for walking away from its $1.2 billion takeover deal for BitGo Inc, the digital asset custodian said in a court filing made public on Thursday.

Crypto Projects Disrupted On Costs After US Watchdog's New Guidelines

Reuters | Friday September 16, 2022, Washington

Banks' cryptocurrency projects have been upended by US Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter.

Ethereum's Energy-Saving Merge Upgrade

Reuters | Thursday September 15, 2022

Ethereum, the blockchain that underpins the world's second-largest crypto token ether, on Thursday underwent a major software upgrade that slashes the amount of energy needed to create new coins and carry out transactions.

Ethereum Blockchain Slashes Energy Use With 'Merge' Software Upgrade

Reuters | Thursday September 15, 2022, London

The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday.

Traders Flee Indian Crypto Exchanges For Binance To Escape Taxes

Suvashree Ghosh and Sidhartha Shukla, Bloomberg | Wednesday September 14, 2022

Binance's billionaire CEO Changpeng Zhao is tightening his grip on India's market for cryptocurrency trading in the fallout from a major tax change.

Ether On Bitcoin's Heels In Race For Crypto Crown

Reuters | Tuesday September 13, 2022

For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic.

Robust Bank Capital Rules For Crypto Assets Due By Year End

Reuters | Tuesday September 13, 2022, LONDON

The global Basel Committee of banking regulators will complete work on "robust" rules.

Ethereum Blockchain To Undergo Major Upgrade To Cut Energy Use

Reuters | Monday September 12, 2022, London

A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy consumption is expected this week, a move proponents say may widen the technology's use and support the price of the ether token.

This Singapore Group Will Invest $100 Million Via Fund For Digital Assets

Reuters | Monday September 12, 2022, Singapore

Singapore's Whampoa Group, a multi-family office with investments in global tech firms, aims to deploy about $100 million through a venture capital fund in start-ups in the burgeoning digital assets segment, its senior executives said.

Binance-Backed WazirX Says India Unfreezes Bank Accounts

Reuters | Monday September 12, 2022

WazirX, linked to the world's largest digital currency exchange Binance, said on Monday its bank accounts were unfrozen by India's financial crime-fighting agency after more than a month.

US Bank Regulator Warns Of Crisis Risk From Fintech Proliferation

Reuters | Monday September 12, 2022, New York

The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.

US Securities Watchdog Plans A New Office For Crypto Filings

Reuters | Monday September 12, 2022

The US securities regulator will set up two new offices to deal with filings related to crypto assets and the life sciences sector, the agency said on Friday.