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First Republic's takeover worsens the 'too big to fail' bank problem, and taxpayers will be on the hook, Elizabeth Warren says

Warren, who sits on the Senate Banking Committee, said in a tweet that "ultimately taxpayers will b…

Carla Mozée   


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Bitcoin is unlikely to face any new SEC rules this year, based on the watchdog's work plan

The US markets regulator's boss Gary Gensler has suggested it's up to Congress to take the lead on …

Harry Robertson   


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Bitcoin climbs to a 1-week high, hitting $38,000 as the cryptocurrency shrugs off renewed calls for tighter regulation

The Basel Committee on Banking Supervision on Thursday said bitcoin's capital requirements for bank…

Isabelle Lee   


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Elizabeth Warren calls for a crackdown on 'environmentally wasteful cryptocurrencies' to fight the climate crisis

Elizabeth Warren said it's time to crack down on environmentally wasteful cryptocurrencies like bit…

Will Daniel   


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US Treasury Secretary Yellen says the crypto market needs 'very careful regulation' amid FTX's dramatic collapse

FTX filed for Chapter 11 bankruptcy on Friday and founder Sam Bankman-Fried resigned as CEO, cappin…

Huileng Tan   


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Regulators punishing crypto firms for FTX's meltdown 'makes no sense' since most trading activity is offshore, Coinbase CEO says

"Punishing US companies for this makes no sense," Coinbase's CEO said, as FTX's blow-up prompts cal…

Jennifer Sor   


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Coinbase soars 20% as the exchange says it has no exposure to bankrupt firms struggling through crypto winter

"We believe these market participants were caught up in the frenzy of a crypto bull market and forg…

Jennifer Sor   


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Elizabeth Warren criticizes 'overnight' bailout of SVB customers while leaving 'millions of student loan borrowers in limbo'

Warren blamed a Trump-era bank regulation policy for Silicon Valley Bank's fallout and pointed to t…

Ayelet Sheffey   


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SVB depositors including Roku and Roblox are under scrutiny from Elizabeth Warren and AOC for their 'unusually cozy' relationships with the failed bank

"The American people deserve to know how these mutual backscratching arrangements developed," Warre…

Carla Mozée   


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Jamie Dimon says he's deeply opposed to crypto and the government should 'close it down'

"I've always been deeply opposed to crypto, bitcoin, et cetera," Jamie Dimon said during a Congress…

Filip De Mott   


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Crypto is the hottest new political token — and it's working out for politicians who sing its praises

As Miami and New York City's mayors, El Salvador's president, and other politicians advocate for cr…

Katie Canales   


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Executives from Coinbase, FTX, Circle, and other crypto firms are set to testify before Congress next week

The hearing will be led by Rep. Maxine Waters, chairwoman of the House Committee on Financial Servi…

Isabelle Lee   


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Russia's biggest bank Sberbank gets permission to exchange crypto, as sanctions hobble transfers of dollars

A day after the license was given, Sberbank said sanctions had restricted foreign currency transfer…

Hamza Fareed Malik   


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FTX boss Sam Bankman-Fried says the crypto world must act more responsibly to show it doesn't need strict regulation, as he hits out at scammers

The 29-year-old crypto billionaire Sam Bankman-Fried said he's taking regulation "extremely serious…

Harry Robertson   


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Mike Novogratz's Galaxy Digital eyes US listing in 1st quarter of 2022

Galaxy also reported net comprehensive income in the third quarter surged to $517 million from $42 …

Isabelle Lee   


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Billionaire Mike Novogratz says most US leaders haven't done the homework they need to understand cryptocurrencies

Novogratz, a highly vocal supporter of cryptocurrencies, pushed back against a call by Sen. Elizabe…

Shalini Nagarajan   


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Western governments need to stop dismissing the crypto revolution as speculative and criminal, Mohamed El-Erian says

Famous economist Mohamed El-Erian said western countries risk losing out to China if they don't sta…

Harry Robertson   


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Democratic senators say they don't trust Facebook with digital currency and urge the company to stop Novi launch

The scathing letter from Democratic senators came just hours after Facebook launched Novi, its new …

Isabelle Lee   


Will Daniel   


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Bitcoin is at a 'do-or-die' moment and could surge if it can hold above $40,000, analysts say

Bitcoin has had a stellar rally, rising for eight days straight after Elon Musk made positive comme…

Harry Robertson