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Coinbase posts loss as crypto market turmoil hits trading volumes

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Aug 9 (Reuters) – Coinbase Global Inc (COIN.O) reported a larger-than-expected quarterly loss as investors worried by this year’s rout in risky assets shied away …

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US crypto firm Nomad hit by $190 million theft

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com register LONDON, Aug 2 (Reuters) – US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. …

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Major crypto lender Celsius files for bankruptcy

July 13 (Reuters) – US crypto lender Celsius Network said on Wednesday it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency sector of a dramatic plunge in token prices. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and …

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Crypto lender Voyager Digital files for bankruptcy

Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, US, June 8, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – US crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, …

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Hacker claims to have stolen 1 bln records of Chinese citizens from police

A police officer in a protective suit checks on a commuter at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com register SHANGHAI, July 4 (Reuters) – A hacker has claimed …

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US tech companies yank job offers, leaving college grads scrambling

June 22 (Reuters) – One by one, over the last week of May, Twitter Inc (TWTR.N) 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. “It was traumatic,” Iris Guo, an incoming associate …

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Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com register HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from …

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Bitcoin drops below $20,000 to lowest since December 2020

A neon logo of cryptocurrency Bitcoin is seen at the Crypstation cafe, in downtown Buenos Aires, Argentina May 5, 2022. Picture taken May 5, 2022. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com register June 18 (Reuters) – Bitcoin dropped below $20,000 on Saturday to its lowest level in 18 months, extending its …

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Bitcoin stabilizes after heavy losses but pessimism reigns in crypto markets

LONDON/WASHINGTON, June 14 (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp US interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after much as 7.3% overnight to $20,816, its lowest …

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Cryptoverse: The funds making money from messy markets

June 14 (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait for the elusive rally. One …

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