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☆ Allstate CEO Tom Wilson: The insurance industry itself isn't in bad shape
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAllstate CEO Tom Wilson: The insurance industry itself isn't in bad shapeAllstate CEO Tom Wilson joins 'Squawk Box' to discuss the economic toll of Hurricane Helene and Milton, how the company responds to storms and other natural disasters, health of the insurance industry, and more.

Persons: Tom Wilson, Hurricane Helene, Milton Organizations: Allstate Locations: Hurricane

☆ Watch CNBC's full interview with Allstate CEO Tom Wilson
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Allstate CEO Tom WilsonAllstate CEO Tom Wilson joins CNBC's 'Squawk Box' to discuss inflation, auto and home insurance, and more.

Persons: Tom Wilson, CNBC's Organizations: Allstate

☆ Allstate CEO Tom Wilson: Accident reduction from self-driving cars has not yet impacted revenue
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAllstate CEO Tom Wilson: Accident reduction from self-driving cars has not yet impacted revenueTom Wilson, Allstate CEO, joins CNBC's 'Squawk Box' to discuss inflation, auto and home insurance, and more.

Persons: Tom Wilson Organizations: Allstate

CALGARY, Alberta (AP) — Alex Ovechkin scored twice and became the third player in NHL history to have at least 20 goals in 19 consecutive seasons as the Washington Capitals beat the Calgary Flames 5-2 on Monday night. The 38-year-old Ovechkin had two power-play goals in the second period as Washington won its third straight game. He was the spark we needed tonight.”The Capitals have been helped in their playoff chase by a rejuvenated power play. “ ... It’s on the penalty kill guys have to do a better job, myself right up there.”Calgary was 0 for 3 on the power play. For me, that was the difference in the game,” Calgary coach Ryan Huska said.

Persons: — Alex Ovechkin, Ovechkin, Gordie Howe, Brendan Shanahan, ”, Spencer Carbery, “, ” Dylan Strome, Hendrix Lapierre, Tom Wilson, We’re, Kevin Rooney, MacKenzie Weegar, Charlie Lindgren, Dustin Wolf, Wolf, Max Pacioretty, John Carlson, ” Wolf, — Wayne Gretzky, ” Lapierre, we’re, Lapierre ’, —, ” Rooney, It’s, Ryan Huska, ” Jacob Markstrom, ___ Organizations: Washington Capitals, Calgary Flames, Washington, Eastern Conference, Capitals, Calgary, The Flames, Flames, NEXT, Toronto, Vancouver Locations: CALGARY, Alberta, ” Washington, Detroit, Washington, Pacioretty, Calgary

☆ North Korean Hackers, Criminals Share Money Laundering Networks in Southeast Asia - UN
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Tom WilsonLONDON (Reuters) - North Korean hackers are sharing money-laundering and underground banking networks with fraudsters and drug traffickers in Southeast Asia, according to a United Nations report published on Monday, with casinos and crypto exchanges emerging as key venues for organised crime. Funds stolen by North Korean hackers are a key source of funding for Pyongyang and its weapons programmes. The junket sector has been infiltrated by organised crime for "industrial-scale money laundering and underground banking operations," with links to drug trafficking and cyberfraud, the report said. The proliferation of casinos and crypto have "supercharged" organised crime groups in Southeast Asia, UNODC Regional Representative for Southeast Asia and the Pacific Jeremy Douglas told Reuters. "It's no surprise sophisticated threat actors would look to leverage the same underground banking systems and service providers," he said.

Persons: Tom Wilson LONDON, Lazarus, Pacific Jeremy Douglas, Tom Wilson, Tommy Reggiori Wilkes, Angus MacSwan Organizations: United, United Nations Office, Drugs, Korea's, United Nations, North, Casinos, Bangladesh's Central Bank, Lazarus, UNODC Regional Representative, Southeast, Pacific, Reuters Locations: Southeast Asia, United Nations, Myanmar, Thailand, Laos, Cambodia, North, Geneva, United States, Pyongyang, Philippines

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Dec 1(Reuters) - The Ethereum blockchain's historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions of Honduras, a University of Cambridge study showed on Friday. From its launch in 2015 until the Merge, Ethereum's greenhouse gas emissions totalled 27.5 million tonnes carbon dioxide equivalent (MtCO2e), the study showed. Its current yearly emissions are around 2.8 kilotonnes carbon dioxide equivalent, the study found - around the same as five round-trip flights from London to New York. It is generally thought that blockchain is "a highly emitting technology," said Anna Lerner, executive director at the Ethereum Climate Platform, an organisation that seeks to use blockchain tech to accelerate climate finance. The annual emissions of Bitcoin, the largest blockchain and cryptocurrency, are therefore roughly equivalent to those of Cambodia in 2020, according to Climate Watch.

Persons: Dado Ruvic, Anna Lerner, Ethereum, Alexander Neumueller, Neumueller, Tom Wilson, Alexandra Hudson Organizations: REUTERS, University of Cambridge, Global, Climate Watch, Reuters, Alexandra Hudson Our, Thomson Locations: Honduras, Dubai, London, New York, Bitcoin, Cambodia

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund have lifted crypto prices since the summer, with market bitcoin gaining by about half since the end of August. Ether , the layer 1 token linked to the Ethereum blockchain on which most layer 2 tokens are based, has leapt 13.8% to $2,028.80 in the past month. They are often among the last ones to catch a bid when broader crypto market rises and among the first ones to sell off when sentiment is shaken. Numerous projects and their tokens were launched as the crypto market boomed in 2020, before sinking during the crypto winter of 2022.

Persons: Benoit Tessier, It's, Matteo Greco, Joshua Peck, Peck, Alyse Killeen, Fineqia International's, Lisa Mattackal, Medha Singh, Tom Wilson Organizations: La Maison du, REUTERS, Fineqia, Reuters, Thomson Locations: La, Paris, France, U.S, Stillmark, Bengaluru

Six people listed on Israel's previous Tron seizure notices who responded to Reuters questions denied connections to militant groups. Iran has previously used Tron to skirt U.S. sanctions. 'BLINDSPOT'Since its 2008 birth, the Bitcoin blockchain, and since then crypto more widely, have been magnets for criminals drawn by liquidity and a reputation for anonymity. In 2021, the first year NBCTF published seizure notices, it froze 30 Bitcoin wallets. No Bitcoin wallets appear in notices in the subsequent years.

Persons: Dado Ruvic, Mriganka Pattnaik, Merkle, Hayward Wong, Tron, Wong, Israel, NBCTF, Weeks, Justin Sun, Sun, Binbin Deng, Shlomit Wagman, VanEck, Wagman, Tom Wilson, Elizabeth Howcroft, Nidal al, Gebeily, Frank Jack Daniel Our Organizations: REUTERS, Hezbollah, Reuters, Israel's, Bureau for, British Virgin Islands, Dubai Co, Israel, Hamas, Islamic, West Bank, Tron, U.S . Securities, Exchange Commission, SEC, Sun, Force, Harvard University, Authority, Militant, Thomson Locations: Iran, Israel, United States, New York, Britain, Singapore, Gaza, British Virgin, Jihad, Dubai, Venezuela, Jenin, Tehran, Paris, U.S, London, Beirut

[1/3] Richard Teng, head of the Middle East and North Africa for crypto firm Binance gestures as he speaks during an interview with Reuters in Dubai, United Arab Emirates, March 30, 2022. Teng faces an especially tough task in transforming the culture of Binance, four of the people said. Still, leading a cultural shift at Binance - a firm shaped by Zhao in his own image - would be "hugely difficult," she said. For years it dominated the crypto market, but this year has rapidly lost market share. Last month it controlled 32% of crypto spot and 50% of derivatives trading, according to crypto firm CCData, down from 55% and 62% respectively in January.

Persons: Richard Teng, Abdel Hadi Ramahi, Teng, Changpeng Zhao, Janet Yellen, Binance, Carol Alexander, Zhao, Yi He, Binance's, Simon Matthews, Richard, Matthews, FinCEN, John Reed Stark, Rajeev Bamra, OKX, Joseph Edwards, Tom Wilson, Elizabeth Howcroft, Elisa Martinuzzi, Louise Heavens Organizations: Reuters, United Arab Emirates, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Treasury, University of Sussex, Investors, Treasury's, Internet Enforcement, Singapore, Abu, Abu Dhabi Global, Singapore Exchange, Moody's Investors Service, Securities, Thomson Locations: East, North Africa, Dubai, United Arab, U.S, Abu Dhabi, France, Seychelles, London

☆ What US charges does crypto exchange Binance face?
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +4 min

Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. The agreement will resolve criminal charges that Binance conducted an unlicensed money transmitter business, conspiracy and breaching sanctions regulations, the U.S. Department of Justice said. UNLICENSED MONEY SERVICE BUSINESSThe U.S. said that Binance, Zhao and other executives "knowingly and willfully conspired" to operate as an unlicensed money services business (MSB) from August 2017 until October 2022. MONEY LAUNDERING CHECKSThe U.S. said that Binance facilitated "billions of dollars" of crypto transactions for its customers, including in the United States, without implementing so-called "know your customer" checks. From around January 2018 to May 2022, Binance processed 1.1 million crypto transactions worth at least $898.6 million between U.S. customers and those who lived in Iran, the U.S. said.

Persons: Changpeng Zhao, ZHAO, Tom Wilson, Binance, Zhao, laundered, Crypto, Elizabeth Howcroft, Lisa Shumaker Organizations: ZHAO REUTERS, U.S . Department of Justice, Reuters, Binance, U.S, Treasury's, Palestinian, Hamas, Islamic, Palestine Islamic, Thomson Locations: Paris, France, U.S, United States, Russian, Iran, Islamic State, al Qaeda, Palestine, London

The market reaction reflects an expectation that a $4 billion payment would be manageable for Binance, four crypto investors and market participants said. Its status has for years left investors wary of risks to the wider market from a string of regulatory and legal headaches facing Binance. Any resolution of the DOJ probe would remove the risk to the crypto market of Binance's sudden collapse, said Sui Chung, CEO of crypto index provider CF Benchmarks. "Binance disappearing overnight remains a potential systemic risk to the crypto market," Chung said. Other investors cited the personal wealth of Zhao as being sufficient to cover any settlement with the DOJ.

Persons: Dado Ruvic, Bitcoin, Binance, Anatoly Crachilov, Crachilov, Changpeng Zhao, Zhao, Sui Chung, Chung, Tom Wilson, Elizabeth Howcroft, Susan Fenton Organizations: REUTERS, U.S . Justice Department, Bloomberg, Reuters, London, Asset Management, DOJ, U.S . Securities, Exchange Commission, Assets Fund, Thomson Locations: Binance, London

Zhao Changpeng, founder and chief executive officer of Binance greets the audience during an event in Athens, Greece, November 25, 2022. "Today, I stepped down as CEO of Binance," Zhao tweeted. Binance became the world's biggest crypto exchange within six months. As Binance hired more widely from traditional financial and regulatory worlds, Zhao's tight control over his company was undiminished. Richard Teng, a senior Binance executive who joined in 2021, is the new CEO, Zhao posted on social media on Tuesday.

Persons: Zhao Changpeng, Binance, Costas Baltas, Changpeng Zhao, Zhao, Prosecutors, Tuesday's, General Merrick Garland, Yi, Richard Teng, Teng, Tom Wilson, Lisa Shumaker, Bill Berkrot Organizations: REUTERS, Justice Department, Binance, New York Times, U.S, Reuters, Futures Trading Commission, Thomson Locations: Athens, Greece, Binance, Binance ., Shanghai, China, Canada, Tokyo, New York, London

☆ US seeks more than $4 billion from Binance to end criminal case -Bloomberg News
▼ + stars: | 2023-11-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said. The Bloomberg report said an announcement on the resolution could come as soon as the end of this month. A spokesperson for the Justice Department declined to comment. The DOJ probe is one of a string of legal and regulatory headaches the world's biggest crypto exchange faces in the United States.

Persons: Dado Ruvic, Changpeng Zhao, Sam Bankman, Binance, Zhao, Niket, Tom Wilson, Chris Prentice, Arun Koyyur, Maju Samuel, Bill Berkrot Organizations: REUTERS, U.S . Justice Department, Binance Holdings, Bloomberg, Justice Department, Binance, Reuters, DOJ, Securities and Exchange Commission, SEC, Futures Trading Commission, Thomson Locations: United States, Bengaluru, London, New York

☆ NHL roundup: William Nylander extends streak, Leafs edge Flames
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.

Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel

[1/2] FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. MSCI's gauge of global stock performance (.MIWD00000PUS) shed 0.05%, while the pan-European STOXX 600 index (.STOXX) lost 0.06%. Against a basket of currencies, the dollar index rose 0.332% to 105.61, with the euro down 0.31% to $1.0682. Treasury yields slid, having unwound some of their rally last week after the Fed left rates unchanged following a policy meeting. The two-year's yield, which reflects interest rate expectations, fell 1.3 basis points to 4.928%, while the 10-year slipped 7.5 basis points at 4.587%.

Persons: Toby Melville, Jerome Powell, Neel Kashkari, Austan Goolsbee, Rick Meckler, we've, Michael Hewson, Brent, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher, Jonathan Oatis Organizations: London Stock Exchange Group, City of, REUTERS, NEW, Federal Reserve, Minneapolis, Chicago, Cherry Lane Investments, Dow Jones, Nasdaq, Reserve Bank of Australia, Treasury, Fed, CMC, Thomson Locations: City, City of London, Britain, China, Saudi Arabia, Russia, Europe, U.S, New Vernon , New Jersey, Asia, Pacific, Japan, London, Singapore

The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.4%. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 1.2%, snapping three straight days of gains. Hong Kong's Hang Seng (.HSI) fell 1.7%, while mainland China blue chips (.CSI300) fell 0.4%. The index fell 1.3% last week, its steepest decline since mid-July, part of the wider risk-on mood in markets. The euro slipped 0.4% to $1.067, down from an eight-week peak of $1.0756 hit on Monday.

Persons: Toby Melville, Michael Hewson, Nicholas Chia, HSI, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher Organizations: London Stock Exchange Group, City of, REUTERS, Nasdaq, CMC, Standard Chartered, Fed, Reserve Bank of Australia, Brent, Thomson Locations: City, City of London, Britain, U.S, Asia, Pacific, Japan, China, Saudi Arabia, Russia, London, Singapore

☆ Don't confuse customers over stablecoins, Bank of England warns lenders
▼ + stars: | 2023-11-06 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsCompanies Bank of England FollowLONDON, Nov 6 (Reuters) - The Bank of England told lenders on Monday that they must avoid any risk that customers might confuse new forms of e-money like 'stablecoins' with standard deposits which are guaranteed against bank failures. Stablecoins are a cryptocurrency backed by a traditional currency such as sterling or the U.S. dollar, or an asset. To the extent that systemic payment systems using stablecoins pose similar risks as other systemic payment systems, they should be subject to equivalent regulatory standards, the BoE said. There are no systemic sterling stablecoins, but Tether, issuer of the world's largest stablecoin, pegged to the U.S. dollar and backed by assets including U.S. government debt, said last year it would launch a sterling stablecoin.

Persons: Hollie Adams, BoE, stablecoins, Sheldon Mills, David Milliken, Tom Wilson, Kylie MacLellan, Kirsten Donovan, Bernadette Baum Organizations: Bank of England, City of, REUTERS, Companies Bank of England, U.S ., Financial, European, Thomson Locations: City, City of London, Britain

☆ Auston Matthews, Maple Leafs handle struggling Capitals
▼ + stars: | 2023-10-25 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/44] Oct 24, 2023; Washington, District of Columbia, USA; Toronto Maple Leafs center Auston Matthews (34) skates with the puck during warmup prior to the game against the Washington Capitals at Capital One Arena. Mandatory Credit: Geoff Burke-USA TODAY Sports Acquire Licensing RightsOctober 25 - Morgan Rielly and Auston Matthews each had a goal and an assist as the visiting Toronto Maple Leafs defeated the Washington Capitals 4-1 on Tuesday night. John Tavares and William Nylander also scored for the Maple Leafs, who have won two games in a row. Joseph Woll made 36 saves for the Maple Leafs in a strong effort. Matthews scored his seventh goal of the season with a 26-foot slap shot at 15:07 of the second on a power play.

Persons: Auston Matthews, Geoff Burke, Morgan Rielly, John Tavares, William Nylander, Alex Ovechkin, Joseph Woll, Woll, Darcy Kuemper, Rielly, Timothy Liljegren, Evgeny Kuznetsov, Washington, Ovechkin, Tavares, Rielly's, Nylander, Matthews, Tom Wilson, TJ Brodie Organizations: District of Columbia, Toronto Maple Leafs, Washington Capitals, Capital, USA, Maple Leafs, Capitals, Tampa Bay Lightning, Toronto, Washington, Thomson Locations: Washington, District, USA

☆ Explainer: Crypto's role in terrorist financing
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - Cryptocurrency's role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas. HOW MUCH CRYPTO IS USED IN TERRORIST FINANCING? The FATF said this year that crypto presents "increasing terrorist financing risks", but that the "vast majority" of terrorist financing still uses regular money. Chainalysis said that terrorist financing "represents a small fraction of the less than 1% of the entire crypto market occupied by illicit activity". Terrorist financing is a small part of the illicit uses of crypto, which include scams, ransomware and theft.

Persons: Dado Ruvic, cryptocurrency, Chainalysis, Elizabeth Howcroft, Tom Wilson, John O'Donnell, Ed Osmond Organizations: REUTERS, Hamas, U.S, United Nations, Bloomberg, North, Thomson Locations: Israel, Palestinian, cryptocurrencies, North Korea

☆ Bitcoin hits two-month high above $30,000 in volatile week
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies. Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022, its highest since July 23. There was no immediate news catalyst for the move in bitcoin, said Joseph Edwards, head of research at London crypto firm Enigma Securities. The approval of any such applications, crypto investors have said, could usher in a new wave of capital to the asset class.

Persons: Benoit Tessier, Bitcoin, Joseph Edwards, Ben Laidler, Tom Wilson, Elizabeth Howcroft, Amanda Cooper Organizations: La Maison du, REUTERS, Securities, U.S . Securities, Exchange Commission, SEC, BlackRock, Thomson Locations: La, Paris, France, cryptocurrencies, bitcoin, London

Oct 16 (Reuters) - Nelson Peltz's activist hedge fund Trian Fund Management has built a stake in Allstate Corp (ALL.N), one of the insurers struggling to cope with the fallout of natural disasters such as the Maui wildfire in Hawaii, people familiar with the matter said. It has blamed natural disasters that are sometimes amplified by climate change for its poor performance. Allstate has hired investment bankers to advise it on how to handle Trian, the sources said. Allstate and Trian did not immediately respond to requests for comment. Trian has previously pushed for change at companies such as Procter & Gamble (PG.N), Unilever (ULVR.L) and Invesco (IVZ.N).

Persons: Nelson, Tom Wilson, Carl Icahn, Matthew, Walt Disney, Bob Iger's, Trian, Svea Herbst, Bayliss, David French, Greg Roumeliotis, Rod Nickel Organizations: Management, Allstate Corp, Allstate, Trian, Insurance, Walt, Procter, Gamble, Unilever, Svea, Thomson Locations: Hawaii, Northbrook , Illinois, New York

☆ Cryptoverse: Winter is coming as ether funds flounder in fall
▼ + stars: | 2023-10-17 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

"The timing of the futures ETFs could hardly be worse," said Vetle Lunde, senior analyst at K33 Research. Trading volumes for the ether futures ETFs remained below $2 million on their first day, according to K33 Research. Trading volumes of six exchange-traded funds tracking ether made a subdued start after launching on Oct. 2BACK TO BITCOIN? The newly launched ETFs tracking solely ether futures on the Chicago Mercantile Exchange, from ProShares (EETH.P), VanEck and Bitwise (AETH.P), have all dipped over 6% since launch. ProShares and Bitwise also launched funds tracking a mixture of bitcoin and ether futures, while Valkyrie Funds converted its pure-play bitcoin ETF into one with exposure to both bitcoin and ether (BTF.O).

Persons: Bitcoin, Dado, Vetle Lunde, murkier, Lunde, Ben McMillan, McMillan, Bitwise, IDX, Lisa Pauline Mattackal, Sumanta Sen, Tom Wilson, Pravin Organizations: REUTERS, K33 Research, IDX, Federal, Chicago Mercantile Exchange, Thomson, Reuters Locations: Ukraine, ProShares, Bengaluru

Last February, the State Department said that Hamas raises funds in other Gulf countries and gets donations from Palestinians, other expatriates and its own charities. Blockchain researchers TRM Labs said this week in a research note that crypto fundraising has previously increased following rounds of violence involving Hamas. However, since last weekend's violence, prominent Hamas-linked support groups had moved just a few thousands dollars through crypto, TRM noted. Between Dec. 2021 and April this year, Israel seized almost 190 crypto accounts it said were linked to Hamas. SHIPS AND SHELLSWhether through crypto or other means, Hamas' allies have found ways to get money to Gaza.

Persons: Matthew Levitt, Levitt, Tom Robinson, TRM, Israel, they've, Stephen Reimer, Saeed Azhar, Sinead Cruise, Tom Wilson, Tommy Wilkes, Andrew Mills, John O'Donnell, Frank Jack Daniel Our Organizations: LONDON, Hamas, Barclays, Islamic Resistance Movement, State Department, Reuters, TRM Labs, The U.S . State Department, U.S . Treasury, UN, Qatari, Royal United Services Institute, Parisa, Thomson Locations: DUBAI, Gaza, Israel, U.S, Iran, Qatar, United States, Britain, The, Turkey, Saudi Arabia, Tehran, Islamic Republic, New York, London, Doha, Dubai

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Cryptocurrency issuer Tether has frozen 32 crypto wallet addresses containing a combined $873,118 it said were linked to "terrorism and warfare" in Israel and Ukraine, the company said on Monday. Israeli police said last week they had frozen crypto accounts used to solicit donations for Hamas on social media. Tether said that it is committed to "working closely" with law enforcement agencies globally "to combat cryptocurrency-funded terrorism and warfare." Crypto has been widely used in Ukraine since Russia's invasion last year, with Kyiv raising over $100 million in crypto after appealing for donations. Pro-Russian groups have used crypto for funding in eastern Ukraine, blockchain researcher Chainalysis said last year.

Persons: Dado Ruvic, Crypto, Chainalysis, TRM, Elizabeth Howcroft, Tom Wilson, Mark Potter, Rod Nickel Organizations: REUTERS, TRM Labs, Israel's National Bureau for, Reuters, bitcoin, Thomson Locations: Israel, Ukraine, Hamas, U.S

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