Reed Smith News

21.03 / 15:59

markets UPS BTC ETF Coindesk Bitcoin Bitcoin value climbs above $65,000, one step from all-time record

The biggest cryptocurrency by market value is continuing to rally with the price reaching above $65,000 (€59,919) in the early Asian trade on Monday, as institutional investors pushed up the prices of cryptocurrencies.

22.10 / 17:09

UPS Cooper Google Celebrity stars donates Sam Bankman-Fried Took Risks at FTX. Will He Bet on His Own Testimony?

FTX founder Sam Bankman-Fried, known for his appetite for risky bets, is mulling perhaps his biggest gamble yet: testifying in his own defense. The onetime crypto star, on trial in New York on allegations of fraud, money laundering and other offenses, has spent nearly three weeks watching some of his former close friends and colleagues take the stand and offer what appeared to be damning testimony. Bankman-Fried, they told jurors, knowingly directed and committed an array of criminal acts that led to the collapse of the FTX crypto exchange and the loss of billions of dollars in customer funds.

10.10 / 15:23

Waters AXY President Experts 2020 reports Indian banks pursue unpaid loans by Singapore's GVK in UK court

GVK Coal Developers (Singapore) Pte Ltd and associated companies opened in the High Court here on Tuesday. Judge Dame Clare Moulder presided over the hearing at the Commercial Court division to hear the case brought by Bank of Baroda (acting by its Ras Al Khaimah branch), Bank of India (London branch), Canara Bank (London branch), ICICI Bank Ltd (acting by its Bahrain, Dubai and Off-Shore Banking branches), Indian Overseas Bank (Corporate Branch, India) and Axis Bank Ltd.

17.05 / 16:51

Tether stablecoins Cryptoverse: Stablecoins wend wobbly way into the unknown

Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was it an isolated outburst, or are they losing their soul? Major stablecoins swung between roughly $0.95 and $1.02 last week, according to data provider Coinmarketcap, after having maintained their peg to within a cent previously in 2022.

17.05 / 11:03

cryptocurrency CryptoExplainer Stablecoins Looking Distinctly Dicey, Wend Wobbly Way Into The Unknown

Cryptoverse: Stablecoins wend wobbly way into the unknown

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