Youbit, which operated as a cryptocurrency exchange in South Korea, announced news on Tuesday that it would file for bankruptcy following a hack that stole 17 percent of the company’s crypto “assets.” The Telegraph reported this morning, via a statement signed by “all employees” at the...
Longfin, a small startup focused on financial tech, has seen its stock price skyrocket since it started trading last week. According to Fortune, New York-based Longfin started trading on the NASDAQ last week at $5. But after announcing on Friday that it acquired startup Ziddu.com,...
One of the hottest cryptocurrency investments of 2017, a startup called block.one, has raised $700 million selling a digital token that has “no purpose.” According to The Wall Street Journal, this is the largest initial coin offering to date, with block.one’s market value now at around...
Bitcoin futures were down on the CME’s new exchange according to reports in The Wall Street Journal. Futures for January came in at $19,100 in trading yesterday (Monday) — a 2.1 percent drop on the CME-set opening price. Futures initially picked up — spiking to $20,650 —...
CME Group, the world’s largest derivatives exchange operator, has launched its own contract to wager on bitcoin. According to Reuters, bitcoin investors expect futures volumes to perk up as a result of the move. “The CME contract is based on a broader array of exchanges,”...
Hyperledger, the blockchain consortium, has seen more than 15 members either reduce their financial stake in the group or quit during the course of the past few months, reported Reuters. Citing documents seen by the news agency, Reuters reported that CME Group and Deutsche Börse,...
Not everyone is convinced that bitcoin isn’t a giant bubble ready to burst. Its surging value has created a sort of mania in the market, according to North American Securities Administrators Association president Joseph Borg, who recently told reporters he’s seen people taking out mortgages in...
On Thursday (Dec. 14), Overstock.com CEO Patrick Byrne revealed that within the next three months the company should have a deal to sell or reorganize its retail business to focus on blockchain. In the interview with CNBC, Byrne said, “my goal is [within] 60 to...
Cryptocurrency bitcoin has had a whirlwind couple of months. It finished trading on Wednesday (Dec. 13) at a value of $16,835 per bitcoin, but agencies around the world are concerned the virtual currency represents something potentially dangerous: a bubble that could pop at any minute....
