Tagomi Systems, the startup that wants to bring its expertise in electronic trading to the bitcoin market, has gotten venture backing from Founders Fund, the venture capital fund owned by billionaire Peter Thiel. The Wall Street Journal, citing people familiar with the situation, reported Founders...
Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet. Sources told the paper the analysis, which is being...
While the U.S. Securities and Exchange Commission’s William Hinman said the agency is “striving for a balanced approach” between digital currencies and initial coin offerings (ICOs), a U.S. congressman is taking issue with this line of thinking. U.S. Representative Brad Sherman (D-Calif.) thinks ICOs are detrimental...
Gary Gensler, the finance chief for Hillary Clinton’s 2016 presidential bid and one of the top financial regulators in the Obama administration, is delving into the world of blockchain, taking a role in which he will focus on it for Massachusetts Institute of Technology. According...
Profits in cryptos: Easy come, maybe; easy go, certainly. News came this week that bitcoin mining just ain’t what it used to be. More to the point: Like any commodity, there’s a break-even point in production, measured in dollars and cents, even when it comes...
After raising $660 million from more than 30,000 investors in an initial coin offering (ICO), the team behind Vietnam-based Modern Tech has disappeared. The company ran an ICO for its Pincoin token before rolling out another token dubbed iFan, TechCrunch reported. The organization had offered...
In Australia, cryptocurrencies are getting more scrutiny from regulators. Reuters reports that the country has moved oversight of digital currency providers to its financial intelligence agency AUSTRAC. The shift is immediate, reported the newswire, and represents the first steps to strengthen efforts under the country’s...
To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is...
Ripple, which controls the world’s third-largest cryptocurrency, XRP, is still being denied a listing on two of the country’s top cryptocurrency exchanges. According to Bloomberg, sources say that Ripple has even suggested giving the venues, Gemini and Coinbase, financial incentives to get them to list...
