Business News

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

| Nikhilesh De

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

Deutsche Telekom, Alibaba Cloud, Citi Join Hyperledger Blockchain Project

| Nikhilesh De

Hyperledger has added 16 new members, including Deutsche Telekom, Europe's biggest telecommunications provider and Alibaba's cloud computing…

Novogratz’s Galaxy Digital Backs $4 million Raise for Crypto-Lender BlockFi

| Yogita Khatri

BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million from Mike Novogratz's Galaxy Digital and others.

Allianz Global Investors Chief Calls for Cryptocurrency Ban

| Yogita Khatri

The CEO and global CIO of Allianz's investment arm has said cryptocurrencies should be banned by regulators.

Saying Goodbye to Crypto’s Infant Anarchy

| Sheila Bair

As the crypto markets have matured, they've seen increasing acceptance with traditional finance and regulators, but there's still a way to go.

kraken, jessee

Kraken Is Seeking ‘War Chest’ Investment at a $4 Billion Valuation

| Nikhilesh De

Crypto exchange Kraken is seeking investment from select clients with a minimum $100,000 buy-in.

Cheap Power Is Luring Battered Bitcoin Miners to Iran

| Wolfie Zhao

Some crypto miners are looking to Iran for its low-cost power – but the path to setting up shop in the country is anything but simple.

Mark Karpeles

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

| Yogita Khatri

Japanese prosecutors are seeking a 10-year sentence for former Mt. Gox CEO Mark Karpeles over embezzlement of user funds.

Payments Startup Bitwala Now Offers Crypto Banking in Germany

| Yogita Khatri

Germany-based payments startup Bitwala is now offering crypto banking services in the country.

alarm, time

The Future of ICOs: In the Hands of Regulators or Innovators?

| William Mougayar

What is the future of initial coin offerings? One of the movements early leaders suggests the market might be at a tipping point.