Cryptocurrency
Are cryptocurrency coins actually currency, as their developers believe, or securities, as some investors believe — or just commodities, like gold? The answer could determine the legal fate, and ultimately the value, of hundreds of billions of dollars worth of crypto already in circulation around the world. In late February, U.S. District Judge Jack Weinstein […]
Messaging app company Telegram already has raised more than $1.7 billion dollars from small investors for its planned cryptocurrency launch. An ICO is a fundraiser designed to back cryptocurrency-centric business endeavors. Telegram’s first ICO already was the largest on record, amassing more than $850 million. The five-year old company has more than 90 accredited investors pledged […]
Binance, the largest cryptocurrency exchange in the world by trading volume, will move from Hong Kong to the European island nation of Malta in the Mediterranean Sea. The exchange expects soon to offer direct purchase of cryptocurrency using ordinary fiat currencies such as dollars and euros. That could greatly increase the number of potential investors […]
Big bets on bitcoin and other cryptocurrencies are too risky for retirement investors, but a little digital money can hedge against declines in the values of other nest-egg assets. Bitcoin is the most widely held cryptocurrency, but its volatile value makes bitcoin unsuitable as a long-term investment, according to David Twibell, president of Custom Portfolio […]
The U.S. National Security Agency reportedly has been monitoring Bitcoin users since 2013 on a global scale — with an express imperative to identify supposedly anonymous users and monitor their online cryptocurrency related activities. The NSA is an intelligence agency responsible for clandestinely monitoring, collecting and processing communications for the U.S. military. Classified data obtained and […]
Cboe Global Markets, the first exchange to launch Bitcoin futures, would like the Securities and Exchange Commission (SEC) to allow cryptocurrency exchange-traded funds (ETFs), broadly also known as exchange-traded products (ETPs). An ETF composed of cryptocurrencies would greatly simplify investing in the newfound asset class and would likely also greatly increase the market cap of […]
Wall Street trading firm Jane Street Capital will begin trading in cryptocurrencies, beginning with Bitcoin. Known for being secretive about its proprietary practices and profit margins, the firm reportedly trades more than $13 billion daily. Jane Street Capital is believed to primarily deal in trading related to stocks, technology and arbitrage trades. Exactly how the firm […]
At the recent G20 summit to discuss global trade and tariffs one subject was front and center — cryptocurrencies. While some governments seem to be easing up on the growing crypto business, China is looking to crack down hard. “Crypto-currencies are really commodities or stores of value that create enormous problems in illegal trade, money […]
CryptoKitties — the Ethereum-powered virtual game in which users spend crypto to collect digital pet cats — has raised more than $12 million in seed capital. Like Angry Birds was for smartphone apps, the makers of the game are hoping for a breakout success to makes using cryptocurrency a mainstream activity for millions. The Vancouver-based developers […]
Bank of England chief Mark Carney says cryptocurrencies “do not pose risks” to the world’s economy. He said so in a letter sent to G20 finance ministers and central bank governors meeting in Argentina, where they will address risk and opportunities in the global economic system — including cryptocurrencies, initial coin offerings (ICOs) and blockchain […]
