Cryptocurrencies to Survive Sell-Off - Allianz's El-Erian
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday At a CoinDesk conference called “Consensus: Invest in New York,” El-Erian said […]
Early Bitcoin Investors Count Winnings after Volatile Decade
It made Hayner's grandparents laugh, and indeed bitcoin has not come anywhere near that level. But it is worth more than 200 times what it was in 2011 when Hayner made the gift.
Blockchain Startup Hires Away Google's Messaging Tech Leader
By Paresh Dave SAN FRANCISCO (Reuters) Blockchain technology startup Ripple Labs Inc confirmed to Reuters on Friday that it hired Amir Sarhangi, who had been leading Google’s rollout of a new wireless messaging system, as vice president of products San Francisco-based Ripple, which is among the most well known startups trying to capitalize on the […]
Swiss Startup SEBA Raises Funds to Build Crypto Bank
Headed by former UBS managers Guido Buehler as chief executive and Andreas Amschwand as chairman, the group said on Thursday it is seeking a banking and securities dealer license to manage cryptocurrency trading and investments for banks and qualified investors.
Cryptocurrency Giant Bitmain Chooses Hong Kong for IPO
Bitmain's prospectus, investors' first official look at its financial health, was filed late on Wednesday, and revealed that it made a profit of $742 million for the first six months of this year. The bulk of the company's revenue came from selling hardware to mine cryptocurrencies, the filing said.
Cryptocurrency Exchanges at Risk of Manipulation: Report
The study found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk.
Cryptocurrency Project Tezos to Launch Main Network Next Week
The Tezos Foundation raised $232 million in July 2017 to build the network and issue a new type of cryptocurrency to its backers in one of the largest-ever initial coin offerings, and launched an initial version of the network one year later after months of delays.
Wall Street Regulators Take Multiple Actions against Cryptocurrency Firms
Cryptocurrencies, like the well-known bitcoin, are virtual tokens that can be used as forms of payments on a variety of online applications. They can also be traded on dedicated online exchanges.
New York Regulator Approves Winklevoss, Paxos Dollar-Linked Tokens
The Gemini dollar by Gemini, the digital asset exchange launched by twins Cameron and Tyler Winklevoss, is a stablecoin that will allow users to send and receive U.S. dollars on the Ethereum blockchain. It will be strictly pegged to the U.S. dollar on a one-to-one basis.
Swiss Blockchain Firm Smart Valor Wins Regulator's Approval
By Brenna Hughes Neghaiwi ZURICH (Reuters) Swiss startup Smart Valor has become one of the few blockchain groups to win approval to operate in the Swiss financial market, opening the way for it to launch its own online investment platform later in the year While firms have made headway in receiving approval from market supervisor […]
Chinese Bitcoin Mining Rig Makers Aim to Raise Billions in HK IPOs
Soaring cryptocurrency prices last year triggered a boom in demand for specialist mining chips and in developing "mines" - facilities with thousands of machines that create the coins by solving complex mathematical puzzles.
Cryptocurrency Exchange Bittrex Teams with Registered Trading Venue Rialto
Rialto runs a U.S.-registered trading platform for fixed income products and, pending approval from regulators, will expand its operations to include virtual tokens that are registered securities, the companies said.
Wall Street's Sector Shakeup Will Let More Tech Stocks Shine
By Noel Randewich SAN FRANCISCO (Reuters) Chipmakers, cloud-computing sellers and even credit card payment companies will have a greater chance to stand out in the information technology sector next month following the largest-ever shakeup of Wall Street’s industry classification system In a reorganization spanning three sectors, none of the so-called FANG high-growth stocks – Facebook […]