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REUTERS/David 'Dee' Delgado/ Acquire Licensing RightsOct 3 (Reuters) - The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. BITCOIN BLUESBitcoin, by far the biggest cryptocurrency and the chief barometer for crypto market sentiment, has bounced back about 37% since Nov. 1. Reuters Image Acquire Licensing RightsCRUMBLING MARKET CAPAfter peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. Yet the relative calm in crypto markets is not necessarily a good thing, said some market participants, noting that many investors are attracted to crypto precisely because of its volatility, which offers opportunities to make quick profits. Reuters GraphicsVC CRYPTO BETS TUMBLEVenture capital (VC) investments flooded into crypto during its boom year of 2021, and even through 2022.

Persons: Damian Williams, Samuel Bankman, David, Dee, Delgado, Sam Bankman, FTX, cryptocurrencies, Bitcoin, bitcoin, Ben Laidler, Usman Ahmad, Anders Kvamme Jensen, Robert Le, CCData, Noelle Acheson, Hannah Lang, Elizabeth Howcroft, Tom Wilson, Michelle Price, Andrea Ricci Organizations: REUTERS, Capital, Silvergate Bank, BlackRock, Reuters, Zodia, Chartered, Reuters Graphics, U.S, Venture, Thomson Locations: New York City, U.S, New York, Singapore, London, Washington

A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo Acquire Licensing RightsCompanies Coinbase Global Inc FollowOct 2 (Reuters) - The Singapore arm of cryptocurrency exchange Coinbase (COIN.O) said on Monday it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. The licence, granted by the Monetary Authority of Singapore (MAS), will allow the largest U.S. crypto exchange to offer digital payment token services to individuals and institutions in Singapore. Coinbase, the world's largest listed crypto exchange, was granted initial approval in October last year. Singapore has emerged as a crypto hub in Asia in recent years, having attracted digital asset firms from countries including China and India.

Persons: Darren Whiteside, Coinbase, Rae Wee, Jamie Freed Organizations: Monetary Authority, REUTERS, Payment, Monetary Authority of Singapore, MAS, Coinbase, Thomson Locations: Singapore, Asia, China, India

Sept 29 (Reuters) - Su Zhu, one of the founders of bankrupt crypto hedge fund Three Arrows Capital, has been "apprehended" at Changi Airport in Singapore, the company's liquidators Teneo said in an email on Friday. Zhu will spend four months in prison under an arrest order granted by Singapore courts in September 2023 after he did not comply with an order to cooperate with investigations into Three Arrows Capital, which filed for bankruptcy last year, Teneo said. A similar order has also been granted for fellow co-founder, Kyle Davies, but his "whereabouts remain unknown at this point in time," Teneo said. Three Arrows Capital was one of the first high-profile cryptocurrency firms to collapse in 2022, filing for bankruptcy in July of last year after it was hit by a sharp sell-off in crypto markets. Reporting by Elizabeth Howcroft in London; additional reporting by Hannah Lang in Washington; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Su Zhu, Teneo, Zhu, Kyle Davies, Elizabeth Howcroft, Hannah Lang, Christina Fincher Organizations: Arrows, Changi Airport, Singapore, Three Arrows, Thomson Locations: Singapore, London, Washington

Banks have been investing in so-called RegTech to cut the costs of complying with such rules through automation. Now the group of five banks, working with RegTech specialist Droit, is looking to streamline efforts and further lower costs. Spokespeople for Barclays and HSBC said the banks are participating in the consortium, but declined further comment. Endoxa members hope other banks will join over time, further harmonising how reporting rules are applied, Chisholm said. Reporting by Sinead Cruise, additional reporting by Elizabeth Howcroft, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Andrew Kelly, Banks, Pete Chisholm, Chisholm, Kara Lemont, Brock Arnason, Mayra Rodriguez Valladares, Sinead Cruise, Elizabeth Howcroft, Alexander Smith Organizations: New York Stock Exchange, REUTERS, HSBC, Barclays, BNP, Reuters, Regulators, Global, Financial, MRV, Thomson Locations: New York City , New York, U.S

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday. It has one million users, according to its website. Mixin will announce a solution for "how to deal with the lost assets," it said. Last year hackers stole crypto worth as much as $3.8 billion, making it the worst year on record, according to blockchain researchers Chainalysis.

Persons: Kacper, Mixin, Elizabeth Howcroft, Louise Heavens Organizations: REUTERS, Thomson Locations: Hong Kong

REUTERS/Kacper Pempel/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 15 (Reuters) - Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. Blockchain research firm Elliptic said that "a number of factors" indicate that the Lazarus Group - a hacker group associated with North Korea - was responsible for the attack. Another blockchain research firm, Chainalysis, told Reuters on Thursday it had "medium-high confidence" that North Korea was behind the attack. North Korea stepped up its cryptocurrency theft last year, using sophisticated techniques to steal more in 2022 than any other year, according to a United Nations report. Sanctions monitors have previously accused North Korea of using cyberattacks to help fund its nuclear and missile programs.

Persons: Kacper, CoinEx, Chainalysis, Elizabeth Howcroft, Raphael Satter, Louise Heavens Organizations: REUTERS, Lazarus, Reuters, Lazarus Group, United Nations, United, Thomson Locations: North Korea, Hong Kong, New York, United Nations, Korea

Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Sept 14 (Reuters) - Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenised assets, Taurus said in a statement on Thursday. The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenised versions of traditional financial assets, a Deutsche Bank spokesperson said. Deutsche Bank said it aimed to offer crypto trading in a World Economic Forum paper back in 2020. Maley said Deutsche Bank is proceeding "cautiously and in line with the spirit and the letter of the regulations governing this asset class."

Persons: Dado Ruvic, Taurus, Crypto, Paul Maley, Maley, Elizabeth Howcroft, Christina Fincher Organizations: Deutsche Bank, REUTERS, Taurus, Standard Chartered, BNY Mellon, Societe Generale, Deutsche, Thomson Locations: Swiss, U.S

An Aviva logo on the window of the company's head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters) - Aviva (AV.L) is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva said. The Singlife joint venture contributed 17 million pounds to Aviva's operating profit in 2022, the statement said. Sumitomo Life already has a 23.2% stake in Singlife, the statement added.

Persons: Simon Dawson, Amanda Blanc, Elizabeth Howcroft, Lucy Raitano, Sinead Cruise, David Goodman Organizations: Aviva, REUTERS, Singapore Life Holdings, Sumitomo Life, Sumitomo, Thomson Locations: London, Britain, Singapore, Ireland, Canada, Singlife

A view of the United Nations Climate Change Conference flags at the venue, in Bonn, Germany, June 6, 2023. "What we want to see, all of us, is a real sense of urgency about reducing CO2 emissions," Roche Vice-Chair Andre Hoffmann said. We need to show action, and I'm not sure that what I've read so far of the COP28 will be strong enough for that." Despite rapidly falling prices for renewable energy, Roche's (ROG.S) Hoffmann said much faster action was needed. "If the change is going to be that big then financial institutions, business people will reshape and they'll say my goodness there's going to be new technological institutions, there's going to be new factories, there's going to be a new economy.

Persons: Jana Rodenbusch, Hoffmann, November's, Roche, Andre Hoffmann, I'm, Eelco van der Enden, Elvis Presley, it's, Celine Herweijer, we've, Herweijer, It's, Andrew Steer, Steer, Richa Naidu, Gloria Dickie, Clara Denina, Iain Withers, Helen Reid, Alexander Smith Organizations: United Nations, REUTERS, Reuters IMPACT, Global, HSBC, Reuters, Fund, Thomson Locations: Bonn, Germany, Asia, Dubai, American, Paris

REUTERS/Dado Ruvic/file photo Acquire Licensing RightsLONDON, Sept 5 (Reuters) - Regulated financial exchanges are talking about how to capitalise on interest in crypto, an industry group said on Tuesday, but a third of respondents to its latest survey said they had no plans to offer the asset class. Exchanges said they were concerned about a lack of uniform regulatory standards, market volatility and the potential for cybersecurity risks relating to crypto assets, a report from the London-based World Federation of Exchanges (WFE) said. Some 38% of the exchanges the WFE surveyed have established, or plan to establish, working groups to focus on crypto-related assets or services. Just over a quarter of respondents said they expect crypto assets to become mainstream in the near future, the WFE said. Mainstream financial institutions have long expressed interest in the potential for blockchain - the technology behind cryptocurrencies - to be used in the process of issuing and trading traditional financial assets.

Persons: Dado, Crypto, Nandini Sukumar, Elizabeth Howcroft, Tom Wilson, Jan Harvey Organizations: REUTERS, Federation of Exchanges, Deutsche, Switzerland's SIX, London Stock Exchange, Thomson Locations: London

☆ Factbox: Scrutiny of iris-scanning crypto project Worldcoin grows
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

Worldcoin has drawn criticism from privacy campaigners over its data collection. It has said the biometric data is either deleted or stored in encrypted form, and that it is "committed" to working with regulators. CNIL had previously said it was aware of the Worldcoin project and that the legality of its biometric data collection "seems questionable". GERMANYA German data watchdog has been investigating Worldcoin since late last year due to concerns over its large-scale processing of sensitive biometric data, it said. PORTUGALPortugal's data regulator, the CNPD, has inspected Worldcoin's local data collection operation and been in contact with the Bavarian data protection authority in Germany, a spokesperson said.

Persons: Annegret, Sam Altman, Altman, Worldcoin, CNIL, Elizabeth Howcroft, Tom Wilson, John Stonestreet Organizations: REUTERS, Agencia, Informacion Publica, Commissioner's, Communications Authority of, Data, Thomson Locations: cryptocurrency, Berlin, Germany, ARGENTINA, Argentina, Informacion, BRITAIN, FRANCE, Worldcoin's, GERMANY, Handelsblatt, KENYA, Kenya, Communications Authority of Kenya, PORTUGAL

☆ Mastercard, Binance to end crypto card partnership
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: 1 min

LONDON, Aug 24 (Reuters) - Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email on Thursday. The Binance cards allowed users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange. The decision will not impact any of Mastercard's other crypto card programs, the spokesperson said. Reporting by Elizabeth HowcroftOur Standards: The Thomson Reuters Trust Principles.

Persons: Elizabeth Howcroft Organizations: Mastercard, Thomson Locations: Argentina, Brazil, Colombia, Bahrain

But it was U.S. Treasuries that hogged the limelight once again, with benchmark 10-year yields climbing to 4.366% - their highest level since 2007 and up almost 40 bps month-to-date - before losing some ground to 4.3141%. "There's a more cautiously optimistic mood across financial markets," said Fiona Cincotta, senior markets analyst at City Index in London. At the same time, however, inflation expectations have hardly budged - meaning "real" yields, which discount inflation expectations, have surged - a development likely to prompt investors to re-evaluate taking risks. The 10-year real rate breached 2% late last week. In Europe, benchmark bond yields in Germany, France and Italy eased after Monday's sharp climb , , .

Persons: BOJ's Ueda, Fiona Cincotta, Jackson, Padhraic Garvey, Vishnu Varathan, Kazuo Ueda, Karin Strohecker, Elizabeth Howcroft, Dhara Ranasinghe, Tom Westbrook, Chizu Organizations: REUTERS, Staff, Nvidia, Wall, Index, Federal Reserve, Treasury, ING . Markets, Fed, European Central Bank, Bank of England, Bank of Japan, Mizuho Bank, NVIDIA, Wednesday, Tech, P, Brent, Benchmark, Dalian, Thomson Locations: Frankfurt, Germany, Europe, Asia, U.S, London, Americas, Jackson Hole , Wyoming, Singapore, France, Italy

☆ Bitcoin drops to new two-month low as world markets sell off
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

A representation of cryptocurrency Bitcoin is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Aug 18 (Reuters) - Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range, as a wave of risk off sentiment grips world markets. It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since June 16 . It was lifted in June by BlackRock applying to launch a spot bitcoin exchange-traded fund (ETF) in the United States. Some investors interpreted that move as an indication that the U.S. Securities and Exchange Commission would approve spot bitcoin ETF applications from various asset managers, including Grayscale.

Persons: Dado Ruvic, bitcoin, FTX, Wall, Joseph Edwards, Bitcoin, Edwards, Elizabeth Howcroft, Dhara Organizations: REUTERS, Enigma Securities, BlackRock, U.S . Securities, Exchange, SEC, Thomson Locations: United States

At current prices shares are now down about 16% in the year to date, surrendering gains up to Wednesday's close. Earnings before interest, tax, depreciation and amortisation (EBITDA) were 320 million euros ($348 million), down 10% from a year earlier and below analyst forecasts of 386 million euros, Refinitiv data showed. Revenue rose 21% to 739 million euros, against Adyen's mid-term forecasts of more than 25% growth. He said the economy overall is slowing and online payments growth may not be quite as fast as it was in the pre-COVID era. A similar margin decline led to a sell-off in Adyen shares when the company reported full-year earnings in February.

Persons: Eva Plevier, Hannes Leitner, Adyen, Toby Sterling, Sinead Cruise, David Goodman, Barbara Lewis, Jane Merriman Organizations: REUTERS, Company, Netflix, Microsoft, Spotify, JPMorgan, Revenue, Adyen's, PayPal, Jefferies, Thomson Locations: Amsterdam, Netherlands, AMSTERDAM, North America, Stripe, Braintree, Fiserv

The Adyen share plunge "was because expectations were much higher. Analysts believed that Adyen would take significantly more share in this difficult market environment," said Jefferies equity analyst Hannes Leitner. Was the share price reaction justified? One European equities trader, who asked not to be named, noted there were orders to sell Adyen shares at any price and referred to "apocalypse selling." According to data from Refinitiv, 17 analysts rated Adyen "buy", 12 "hold", and 4 "sell" before the earnings announcement.

Persons: Eva Plevier, Jefferies, Hannes Leitner, Refinitiv, Adyen, Worldline, Italy's, Marco Simion, Pieter van der, ”, Samuel Indyk, Elizabeth Howcroft, Danilo Masoni, Toby Sterling, Dhara, Alun John, Cynthia Osterman Organizations: REUTERS, Analysts, Citigroup, UBS, KPMG, Privately, Thomson Locations: Amsterdam, Netherlands, MILAN, North America, Swiss, Adyen, EMEA, Refinitiv, London, Milan

The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsCompanies PayPal Holdings Inc FollowLONDON, Aug 16 (Reuters) - Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain's financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about the risk and scrapping "refer a friend" bonuses. PayPal first launched crypto buying and selling in the UK in 2021. Regulators around the world are increasingly seeking to regulate crypto assets, after the collapse of several crypto firms including FTX last year left amateur investors with large losses.

Persons: Fabrizio Bensch, FTX, bitcoin, PayPal's, Elizabeth Howcroft, Bernadette Baum Organizations: PayPal, REUTERS, PayPal Holdings, Reuters, Regulators, Thomson Locations: Berlin, Germany

☆ Stocks fall, yields rise after hotter than expected inflation reading
▼ + stars: | 2023-08-11 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

The U.S. producer price index (PPI) for final demand rose 0.3% in July, according to the Labor Department. And in the 12 months through July, the PPI rose 0.8% against estimates for a 0.7% advance. On Thursday, Wall Street's main indexes had finished flat, giving up most early gains on milder-than-feared consumer price inflation data. In currencies, the dollar index rose 0.107%, with the euro down 0.18% to $1.0959. On the U.S. Treasuries side, yields rose after the hotter than expected PPI.

Persons: Brendan McDermid, Paul Christopher, Christopher, Mary Daly, Sterling, Brent, Sinéad Carew, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Treasury, Reserve, Labor Department, PPI, Wells, Wells Fargo Investment Institute, Dow Jones, Nasdaq, San Francisco Federal Reserve Bank, Britain, International Energy Agency, Thomson Locations: New York City, U.S, Wells Fargo, St Louis, Asia, Pacific, Japan, London

Asian stocks fell to a one-month low and European indexes were in the red, with the STOXX 600 down 0.8% at 1125 GMT (.STOXX). "We’re still getting a mixed message from the inflation numbers," said Ben Laidler, global markets strategist at eToro. The pound was up 0.4% at $1.2725 , after GDP data showed Britain eked out some unexpected growth in the second quarter, helped by a strong June performance. But it remains the only large advanced economy that has not yet regained its pre-COVID late-2019 level, data showed on Friday. Investors will be watching for UK inflation data next Wednesday.

Persons: DAX, Mary Daly, We’re, Ben Laidler, eToro's Laidler, Brent, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: Credit Suisse, Wall, San Francisco Federal Reserve Bank, Investors, Nasdaq, HK, Britain, West Texas, International Energy Agency, Thomson Locations: Silicon, China, Australia, Japan

Hands hold the biometric imaging device, the Orb, of the identity and financial public utility Worldcoin, which aims to create a World ID digital passport, with a tradeable cryptocurrency, in Berlin, Germany August 1, 2023. REUTERS/Annegret Hilse/File PhotoAug 8 (Reuters) - Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based "identity and financial network". PitchBook analyst Robert Le said there were several startups trying to build blockchain-based digital identity systems, but none on Worldcoin's scale.

Persons: Annegret, Sam Altman, WLD, Gordon Grant, Andreessen Horowitz, Robert Le, James Butterfill, Worldcoin, It's, Riyad Carey, Elizabeth Howcroft, Pravin Organizations: REUTERS, Genesis, Reuters Graphics, U.S . Securities, Exchange Commission, Pravin Char, Thomson, Reuters Locations: Berlin, Germany, Kenya

☆ German regulator probes Worldcoin crypto currency - Handelsblatt
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: 1 min

Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File PhotoBERLIN, Aug 8 (Reuters) - Germany's financial regulator Bafin is investigating the digital currency Worldcoin, German business daily Handelsblatt reported on Tuesday. "If a company turns to the German market without the necessary permission, for example with a website or app in German, we investigate it," a spokesperson was cited as saying. Worldcoin did not immediately respond to a request for comment. Writing by Friederike Heine, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Elizabeth Howcroft, Worldcoin, Friederike Heine, Rachel More Organizations: REUTERS, Thomson Locations: Shoreditch, East London, Britain

[1/3] Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Nonfarm payrolls increased by 187,000 jobs last month, the Labor Department said in its closely watched employment report on Friday, slightly below expectations of 200,000 jobs. U.S. Treasury yields dropped after jobs data on Friday showed the U.S. economy added fewer jobs than expected in July, but investors hesitated to rule out further monetary tightening. Oil prices headed for a sixth straight weekly gain, driven by the prospect of reduced supply from Saudi Arabia and Russia. U.S. crude rose 1.4% to $82.69 per barrel and Brent was at $86.10, up 1.13% on the day.

Persons: Mike Segar, Rick Rieder, Randy Frederick, Charles Schwab, Frederick, Sterling, Fitch, Brent, Lawrence Delevingne, Amanda Cooper, Elizabeth Howcroft, Ankur Banerjee, Sruthi Shankar, Sharon Singleton, Nick Macfie, Diane Craft Organizations: Wall, New York Stock Exchange, REUTERS, Apple, Treasury, U.S ., Labor Department, Dow Jones, Nasdaq, FTSE, U.S . Federal, Bank of England, U.S . Treasury, Thomson Locations: Manhattan, New York City , New York, U.S, Austin , Texas, United States, Saudi Arabia, Russia, Boston, London

☆ Revolut to stop crypto services for U.S. customers
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 4 (Reuters) - British fintech Revolut will stop allowing U.S. customers to access cryptocurrencies, the company said in a statement on Friday, citing the regulatory environment and crypto market uncertainty there. "As a result of the evolving regulatory environment and the uncertainties around the crypto market in the U.S., we’ve taken the difficult decision, together with our U.S. banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.," a Revolut spokesperson said via email. From Sept. 2, U.S. customers will no longer be able to buy cryptocurrencies on Revolut. From Oct. 3, buying, selling and holding will be disabled altogether for U.S. customers. Revolut said the move impacts less than 1% of Revolut's crypto customers globally.

Persons: Dado Ruvic, we’ve, Revolut, Elizabeth Howcroft, Jason Neely Organizations: REUTERS, Thomson Locations: U.S, Revolut

[1/2] The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Investor attention will be squarely on the July U.S. non-farm payrolls report, with a Reuters survey of 80 economists expecting payrolls to have increased by 200,000 last month, after rising 209,000 in June. "Today’s U.S. payrolls data is likely to continue to showcase the resilience of the U.S. economy," Michael Hewson, chief market analyst at CMC Markets, said in a note. The dollar meanwhile rose 0.1% against a basket of major currencies , heading for its third weekly gain in a row. Oil prices headed for a sixth straight weekly gain, driven up by the prospect of reduced supply from Saudi Arabia and Russia.

Persons: Toby Melville, payrolls, Michael Hewson, Germany's DAX, Francesco Sandrini, Fitch, Brent, Ankur Banerjee, Muralikumar Anantharaman, Kirsten Donovan, Alexander Smith Organizations: London Stock Exchange Group, City of, REUTERS, Treasury, U.S . Federal, CMC Markets, FTSE, Nasdaq, Apple, Bank of England, U.S ., U.S . Treasury, Thomson Locations: City, City of London, Britain, U.S, United States, Saudi Arabia, Russia, Singapore

Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".

Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands

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