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OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push
OpenAI is considering significant changes to its business model as it gears up for a new investment round that could push its valuation beyond $100 billion, the Financial Times reported on Aug. 30, citing insiders familiar with the matter. дальше »
2024-8-31 03:00 | |
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US Regulators Seek Jurisdiction to Prosecute Justin Sun
The SEC has amended its lawsuit to assert jurisdiction over Justin Sun, citing his extensive US travels and business dealings. The post US Regulators Seek Jurisdiction to Prosecute Justin Sun appeared first on BeInCrypto. дальше »
2024-4-20 21:00 | |
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Celsius hires restructuring lawyers to help ease its financial woes
Crypto lending platform Celsius has hired a legal team to advise on restructuring its business after facing liquidity issues, The Wall Street Journal reported, citing sources with direct knowledge of the matter. дальше »
2022-6-16 16:15 | |
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Digital Currency Group Planning Wealth Management Business for Cryptocurrency Millionaires
Barry Silbert’s Digital Currency Group is hiring a team of financial advisors for its wealth management unit, reported The Block, citing sources with knowledge of the firm's operations. It was last December that the reports of DCG planning to launch a new wealth management business first became public. дальше »
2021-11-3 21:17 | |
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US bank Morgan Stanley to launch three Bitcoin funds
Morgan Stanley will soon launch two Bitcoin-focused funds as demand for cryptocurrencies picks up among institutional clients, reported business outlet CNBC on Thursday, citing two people with knowledge of the matter. дальше »
2021-3-18 18:00 | |
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Billionaire Bitcoin investor backs away from California governor bid
Citing the need to focus on business, venture capitalist Chamath Palihapitiya has put his political aspirations on hold.
дальше »2021-2-5 07:57 | |
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PayPal unveils plans of investing in a new crypto-focused business unit
PayPal is planning to invest in a new dedicated business unit that deals with crypto and digital currencies. A report disclosed this news on February 3, citing sources familiar with the organization’s operations. дальше »
2021-2-4 13:44 | |
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Citibank Downgrades MicroStrategy Stock Rating Over The Firm’s “Excessive” Bitcoin Focus
Citibank downgraded MicroStrategy stock rating on December 8, citing the business intelligence firm’s recent bitcoin allocations as the key factor. Specifically, Citi analyst Tyler Radke lowered MicroStrategy’s stock from a “neutral” to a “sell” soon after the company announced that it was planning to raise $400 million in order to purchase more bitcoin. Radke noted […] дальше »
2020-12-10 20:10 | |
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MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase
On Tuesday, the NASDAQ-listed business services company MicroStrategy bought $175 million worth of Bitcoin. This came just weeks after the company siphoned $250 million into the leading cryptocurrency, citing its ability to act as a reserve asset better than U. дальше »
2020-9-17 06:00 | |
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Dutch Bitcoin Exchange to Shut Down Citing Harsh DNB Registration Demands
One bitcoin (BTC) exchange in the Netherlands is set to close business following demand for registration and ridiculous fees put in place by the Dutch central bank. Dutch Bitcoin exchange BitKassa has confirmed it will be shutting down its operations in the country this month. дальше »
2020-5-7 13:03 | |
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Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’
Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U. S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show no signs of slowing,” the company revealed. дальше »
2019-12-18 05:00 | |
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Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report
By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. дальше »
2019-6-21 13:26 | |
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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. дальше »
2019-5-1 01:22 | |
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Post Foldgate, Samsung reportedly delays Galaxy Fold launch in China
Samsung has reportedly postponed the launch events for its $2,000 Galaxy Fold smartphone in Hong Kong and Shanghai, according to reports by SamMobile and Engadget. The press events were originally scheduled for April 23 and 24. дальше »
2019-4-22 11:20 | |
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Stock Market Looks Recession-Proof, So What’s Holding Back the Dow?
The Dow Jones Industrial Average held relatively steady on Wednesday. According to Goldman Sachs, the US stock market recovery is unlikely to run into a recession anytime soon. If that’s the case, what’s holding back the Dow? Strategists Spar over Recession Risk and Dow Danger On Wednesday, the International Monetary Fund (IMF) slashed its outlook of the global economic growth rate from 3. дальше »
2019-4-10 20:59 | |
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American Success Story or Impending Disaster? Experts Wary of Lyft’s IPO
The story of Lyft’s rise to glory is quite a tale. The ride-hailing service filed to go public on Friday with a potential valuation of $20 billion to $25 billion, with a familiar prospectus which shows rising revenue which could one day turn into immense future profits as well as overall losses which could send the company under without a cash injection. дальше »
2019-3-4 18:32 | |
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Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy
Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration. дальше »
2019-2-27 23:13 | |
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Apple ‘Project Titan’ Could Mean an Electric Van, Not a Multi-Billion Acquisition of Tesla
Forget plunking down tens of billions of dollars to acquire Tesla, Apple’s rumor mill is churning out gossip that the iPhone maker plans to debut its own electric van. This latest rumor was kicked off by a German business publication this week. дальше »
2019-2-24 13:08 | |
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Argo Blockchain PLC Announces Business Refocus Amid Bear Market Conditions
Argo Blockchain plc, a UK-based, global data centre management firm that allows people to mine a vast array of digital currencies via its platform, has announced plans to refocus its business strategy, citing “severe price pressure and volatility” of the crypto markets, reported Investigate on February 15, 2019. дальше »
2019-2-18 14:00 | |
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QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow, Mailed Withdrawals in Cash
For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means. An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc. дальше »
2019-2-15 20:28 | |
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Bitmain Exits Amsterdam Citing Focus on Long-Term Scalable Business Strategy
Bitmain’s Amsterdam offices are next to go as part of a downsizing operation
дальше »2019-1-14 15:54 | |
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Crypto Exchange ShapeShift Lays Off 37 People Amid Crypto Winter
On January 8, 2019, Swiss cryptocurrency exchange ShapeShift reportedly laid off 37 employees, citing a tough market climate according to the exchange’s CEO Erik Voorhees. Crypto Winter Hits ShapeShift Another business in the crypto industry has suffered from the prolonged crypto winter that has slowed its growth since November 2018. дальше »
2019-1-10 22:00 | |
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India: RBI Stalls its Plans to Launch Central Bank Digital Currency
According to a report from Business Line, published on January 1, 2019, the Reserve Bank of India (RBI) has stalled its plan to launch a national digital currency. Too Early for Central Bank Digital Currency The cryptocurrency ecosystem in India has been plagued with confusion and indecisiveness, and the latest decision by the country’s financial watchdog is no exception. дальше »
2019-1-3 08:00 | |
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Japan’s DMM Exiting Crypto Mining Business
Japanese e-commerce giant DMM. com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons. дальше »
2019-1-2 08:05 | |
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Bitmain Follows Industry Trend, Shutters Operations in Israel
Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra'anana, Israel, according to reports from local news outlet Globes. дальше »
2018-12-10 20:51 | |
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Japan to introduce new ICO regulations
Japan’s Financial Services Agency (FSA) is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported on December 1. Citing the informed sources, Jiji reported that business operators conducting ICOs will be required to register with Japan’s FSA. The agency is planning to submit bills […] дальше »
2018-12-3 09:06 | |
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Financial Information Unit (FIU) Report: Banks More Vulnerable To Terrorist Financing Than Bitcoin
It seems that banks are more vulnerable to money laundering and terrorist financing risks than virtual currencies. The information was reported by Business Korea citing a report released by the Financial Information Unit (FIU). дальше »
2018-12-2 01:45 | |
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New York Department of Financial Services Issues 14th BitLicense
Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. дальше »
2018-11-15 01:22 | |
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BTCC Announces the "Indefinite" Closure of Its Mining Pool
BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30. дальше »
2018-11-7 21:29 | |
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BTCC exchange is closing its mining pool business
BTCC, Hong Kong-based cryptocurrency exchange, is shutting down its mining pool business, BTCC Pool Limited, after 4 years in operation. On November 6, BTCC Pool said that it would shut down all mining servers on November 15 and would cease operations indefinitely from November 30, citing the reason for the closure as “business adjustments”. The […] дальше »
2018-11-6 16:08 | |
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New BitConnect Class Action Combines All Former Suits — And Targets Youtube
According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect. дальше »
2018-10-19 22:58 | |
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[promoted] How Invictus Capital Is Reshaping the Landscape of Cryptocurrency Investing
One of the impacts of the rapid, global advancement of digital asset markets has been seasons of volatility and turbulence. This creates a challenging environment for even the most astute investors in terms of managing cryptocurrency portfolios and investment strategies. дальше »
2018-10-3 17:37 | |
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ConsenSys Initiative Empowers Students to Use Blockchain for Social Good
ConsenSys Social Impact — a program designed to build blockchain-based solutions for global humanitarian issues — is partnering with MakerDAO and optiMize to launch a new Blockchain for Social Impact Incubator at the University of Michigan in Ann Arbor. дальше »
2018-9-20 01:55 | |
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S Korea’s Dunamu Expands Crypto Exchange Upbit to Singapore
South Korean fintech company Dunamu Inc. is expanding its crypto-asset exchange business to Singapore. The company said it chose Singapore as its first overseas destination and “launching pad” into foreign markets, citing the country’s strong support for blockchain and cryptocurrency. дальше »
2018-9-20 17:56 | |
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Morgan Stanley To Give Clients Bitcoin Trading Options
US multinational investment bank Morgan Stanley is preparing to offer Bitcoin swap trading for its clients, unconfirmed sources report on September 13. Sources Say Morgan Stanley Preparing Swap Trades Citing “people familiar with the matter” in an article from Bloomberg reporter Alistair Marsh, Business Insider’s Frank Chaparro revealed the giant “plans to offer trading in complex derivatives” linked to Bitcoin . дальше »
2018-9-13 15:00 | |
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Citigroup Creates New New Non-Custodial Bitcoin Product
Citigroup has reportedly developed a new way for institutional investors to gain exposure to Bitcoin without owning any, Business Insider reports September 10. Citi’s ‘Digital Asset Receipt’ Citing “people familiar” with the bank’s “plans,” the publication reveals the US giant is aiming to leverage a version of traditional finance tool the American Depository Receipt (ADR) for Bitcoin, creating the Digital Asset Receipt (DAR). дальше »
2018-9-10 16:00 | |
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Coinbase Recaps Vision Hack 2018 Hackathon
Citing the importance of hackathon culture at Coinbase, the prominent US exchange recapped the recently held Vision Hack 2018 — its biggest hackathon event to date. Talking about experimentation and creative ideas, Senior Director of Engineering Namrata Ganatra focused on creative solutions to critical business issues. дальше »
2018-9-8 17:29 | |
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Maybe Goldman Sachs Isn’t So Keen On Crypto, After All
Editor’s note (9/6/18 at 6:10 PM ET): According to one source on Twitter and an article article citing it published by CNBC, Martin Chavez, the CTO of Goldman Sachs, denied the business insider report, calling it “fake news” at Tech Crunch. дальше »
2018-9-7 23:38 | |
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Ethereum Price and Usage Disappoint Despite ETH Futures Rumors
CBOE could launch Ethereum (ETH) futures by the end of 2018 if US regulators approve its product, anonymous sources told Business Insider August 30. ‘Getting Comfortable’ CBOE, which launched pioneering Bitcoin futures in December last year, is currently waiting while the Commodity Futures Trading Commission (CFTC) to “get comfortable with the product before its official launch,” the publication reported citing “people familiar with the matter. дальше »
2018-9-1 01:00 | |
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CBOE May Launch Ethereum Futures by the End of the Year
CBOE is planning to launch ethereum futures by the end of the year according to Business Insider citing unnamed sources. They claim Cboe has been telling market makers that eth... The post CBOE May Launch Ethereum Futures by the End of the Year appeared first on Trustnodes. дальше »
2018-8-31 14:52 | |
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Op Ed: New Bermuda Legislation Will Create a Novel Class of Bank to Service Fintech Companies
As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies. дальше »
2018-8-23 23:03 | |
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Influx of Positive Developments for Coinbase is Bullish for Crypto
One of the world’s largest cryptocurrency platform has had a stellar week, as positive news floods in regarding the platform’s expansive development plans. Coinbase’s Custody Service Secures The Business Of A $20 Billion Hedge Fund Institutional investment seems to be all the rage in cryptocurrency circles, with many citing this form of interest and investment. дальше »
2018-7-24 12:00 | |
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Sixfold Increase In Chinese Blockchain Companies
In China, the number of companies registered with the word “blockchain” in their names surged from January to July 16, 2018, surpassing last year’s number by nearly sixfold, the South China Morning Post (SCMP) reported July 16. дальше »
2018-7-17 07:36 | |
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