⿻ 3063 results found.
(Bloomberg Opinion) -- Defying the gloom around the financial services industry in post-Brexit Britain, the U.K. has maintained its edge in fostering the industry's digital revolution. Lured by friendly regulators, fintechs have proliferated and investors have poured billions into companies that
Federal Reserve Chair Jerome Powell spoke quite a bit about cryptocurrency in his testimony on Capitol Hill Tuesday.
Bitcoin surging 30% to top its 200-day moving average could signal another strong year to come for bitcoin, says Fundstrat's Tom Lee. (BTC
The IRS wants you to report your cryptocurrency gains or losses this year.
(Bloomberg) -- Cryptocurrency skeptic Peter Schiff said he cant access his Bitcoin holdings after his digital wallet stopped accepting his password.I just lost all the Bitcoin I have ever owned, Schiff, chief global strategist at Alliance Global Partners, said in a series of posts on his unverified (BTC
Bank stocks underperformed the broader market in 2019. A changing landscape with increasing competition from fintech disruptors, low interest rates, and one-off credit events all played their part in stifling the industrys growth. While the BANK index generated returns of more than 20%, the number still
The price of bitcoin (BTC) is set to increase this year, according to a Bloomberg analyst. Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, has said that the two factors - bitcoins fixed supply (21 million coins) and increasing adoption - are likely to support the world's (BTC
(Bloomberg) -- Follow Bloomberg on Telegram for all the investment news and analysis you need.Bitcoin climbed to the highest since November after breaching the $8,000 price level.Concerns about an escalation in the conflict between the U.S. and Iran are seen as contributing to the rally in Bitcoin, which (BTC
The IRS says virtual currency transactions will be
Bitcoin (BTC) is currently trading at around $7,550 following a significant 8% pump since Friday. Over the past 24 hours, the price of BTC has increased by 1% and is showing signs of recovery. Will Bitcoin maintain its positive price action and start its recovery towards $10,000 soon? Let's take (BTC
Qatar, the Middle East country with a population of over 2.5 million, is said to have banned cryptocurrency trading. According to a recent report from the news outlet International Investment, the Qatar Financial Centre (QFC) Regulatory Authority has said that Virtual Asset Services may not be conducted
Libra was the seminal crypto event of 2019, says management consultant Richie Hecker. But, in its current form, it is doomed to fail.
And a look-back at how his 2019 predictions fared.
(Bloomberg) -- Gaming company Razer Inc. has teamed up with homegrown Singaporean entrepreneurs and Asian billionaires to apply for a full digital banking license, joining the race to create virtual lenders in the city state.Razer Fintech, the companys financial technology unit, will own a 60% stake
San Francisco, of course, remains the startup epicenter of the world, shutting out all other geographies when it comes to capital invested. The fintech company focused on international money transfer raised a $135 million Series E led by Generation Investment Management, and $85 million in debt from
Blockchain payments firm Ripple, which recently hit a valuation of $10 billion, is targeting more partnerships with Brazilian banks in the coming year. The firms current focus is to coordinate with banks and regulators in the country to make remittances more efficient, Luiz Antonio Sacco, managing director
China Securities Regulatory Commission has recently received an application for listing a blockchain-based exchange-traded fund.
Chinese asset management firm Penghua Fund, with over $80 billion in client assets, has filed an application for listing a blockchain exchange-traded fund (ETF) in the country. China Securities Regulatory Commission (CSRC), the country's financial watchdog, is currently reviewing Penghuas application
While 2019 has been dominated by violent swings, bitcoin investors are still counting their gains after the asset brought near 100% returns in 12 months. (BTC
A statist approach to blockchain development, like other industrial policies in the past, might yet prove successful in this market.
From fintech stars to a company that helped treat Ebola, these stocks all returned more than 1,400% in the past decade.
Several local authorities in Chinas capital city, Beijing, have jointly issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision and Administration Bureau, the Business Management Department of the People's Bank of China, the Beijing Banking and Insurance
Poloniex, the cryptocurrency exchange that recently spun off from its parent firm Circle, has introduced a new
The legal dispute between bitcoin miner Ebang and Chinese public firm Wholeasy reflects the prolonged magnitude of last year's market sell-off. (BTC
The majors find more support this morning. Bitcoin will need to hold onto $7,600 levels to support a bullish afternoon (BTC
Crypto needs users willing to take on the risk of trying new products. The lack of
Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, asking for the agency to expand and clarify its guidance around token airdrops and blockchain network forks. The letter drafted by Reps. Tom Emmer, Bill Foster, David Schweikert
(Bloomberg) -- Binance Holdings Ltd., one of the worlds largest cryptocurrency-trading platforms, made a minority investment in the derivatives exchange FTX.The investment was in the tens of millions, and values FTX, which debuted in May, in the hundreds of million of dollars, said Sam Bankman-Fried
Wall Street veteran and former CEO of blockchain startup Digital Asset, Blythe Masters, has joined investment firm Motive Partners following its $473 million private equity fund.The post Blythe Masters, former Digital Asset CEO, joins investment firm Motive Partners appeared first on The Block.
There was a leadership transition at Google's parent company, a huge IPO by Saudi Aramco, and more scrutiny for Facebook as the social media company alarmed users and regulators with plans to create a digital currency. How well did you keep up?
The market saw a massive sell-off at around 1:30 PM on Monday that reduced the market capitalization by 2% from $194.3billion to $187.1 billion in thecourse of 10 minutes, according to CoinMarketCap data. According to CoinDesk, the sell-off could be a response to a recent report published by cryptocurrency
Its back into the red for the majors as the crypto bears retain control. Failure to move through to key levels will bring heavier losses (EOS
Its a bearish start to the week. It could get messy after last weeks sell-off (LTC
(Bloomberg) -- A Chinese chip designer who helped Bitmain Technologies Ltd. become the worlds largest maker of Bitcoin mining rigs before starting his own company has been arrested, according to three people familiar with the matter.Yang Zuoxing, a tech mastermind with Bitmain until June 2016, was detained (BTC
The new company called Pengpai Audiovisual Technology (Jinan) Co Ltd will offer services related to artificial intelligence, blockchain technology, and software development, Reuters said, citing the company's filing. The ByteDance subsidiary Beijing Liangzi Yuedong Technology Co Ltd will own 49%
One of the most debated topics in the crypto space is the underlying value of cryptocurrencies. Unlike stocks, most cryptocurrencies do not give any legal entitlements to holders. Therefore, crypto-asset trading is mostly unregulated opposed to common stock trading on the majority of stock exchanges.
The past 12 months have proved to be a roller-coaster year for the cryptocurrency market. Major hacks, an exchange flash crash, the launch of Bitcoin futures, and crypto discussions among global regulators saw some coins surge in value while others floundered. Ripple (XRP), for instance, which has struggled (BTC
Fiat and crypto are not enemies. They are complementary in any effective trading ecosystem.
In a sharply worded brief, the New York Attorney General's Office has criticized the exchange's tactics in its case involving the Tether stablecoin's backing. (USDT
Bitcoin is again looking weak, having charted a lackluster bounce from two-week lows in the last 24 hours. (BTC
The government of Switzerland is not keen on issuing a digital currency for retail use but sees some benefits of a wholesale digital currency.The post Swiss government is in favor of wholesale digital currency, but not retail appeared first on The Block.
Pomp talks Libra, why bank-issued coins are scary, and why this time is both different and not different. (BTC
The Swiss government took a downbeat view of creating a central bank digital currency for public use, saying it could do more harm than good and destabilize the financial system. Parliament had asked the government to look into prospects for creating an electronic Swiss franc. The Swiss National Bank
(Bloomberg) -- Swedish payment provider Klarna Bank AB is preparing for a potential initial public offering in the next one or two years as the most valuable European fintech startup expands rapidly in the U.S.An IPO would most likely be happening in the U.S. because there is a bigger understanding
(Bloomberg) -- China-based cloud fintech platform OneConnect Financial Technology Co. expanded its U.S. initial public offering to raise $312 million, partly reversing cuts to its share-sale plans disclosed one day ago.The company, one of several Ping An Insurance (Group) Co. businesses backed by SoftBank
The popular conception is that the cryptocurrency industry is overwhelmingly male. Grayscale Investments thinks the answer is simple lack of information.
Blockchain payments processor BitPay has added support for three stablecoins - Circles USD coin (USDC), the Gemini dollar (GUSD) and Paxos Standard token (PAX).The post BitPay now lets merchants accept three stablecoins, including Gemini dollar appeared first on The Block.