Home / Tag Archives: Reuters

Tag Archives: Reuters

LSE’s technology to power Asian cryptocurrency platform

(Reuters) – London Stock Exchange Group (L:LSE) said on Tuesday Hong Kong-based AAX would use its technology for cryptocurrency trading, allowing the British exchange operator enter a nascent yet highly speculative industry. The AAX exchange, which is backed by Atom Group, a fintech firm focused on blockchain technology and emerging …

Read More »

Global blockchain unicorn Bitfury launches music business

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global blockchain company The Bitfury Group, valued recently at $1 billion, announced on Wednesday the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain. The open-source platform, named SurroundTM, will encourage collaboration and …

Read More »

Chevron, Total and Reliance join oil blockchain platform Vakt

LONDON (Reuters) – Oil majors Chevron (N:CVX) and Total , along with major Indian refiner Reliance Industries (NS:RELI), have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain …

Read More »

China imposes blockchain rules to enable ‘orderly development’

SHANGHAI (Reuters) – Chinese blockchain platforms will have to censor content, allow authorities access to stored data and check the identity of users under rules set out on Thursday by Beijing. The Cyberspace Administration of China (CAC) said that the regulations, which will come into force next month, will “advance …

Read More »

Regulators say new EU cryptoasset rules may be needed

By Huw Jones LONDON (Reuters) – New European Union rules may be needed to better protect consumers from cryptoasset risks, prevent money laundering and stop diverging national regulations from creating unfair competition, EU regulators said on Wednesday. Regulators have warned investors since 2013 they could lose their shirts by investing …

Read More »

French ‘Tabac’ shops diversify, selling bitcoin for cash

PARIS (Reuters) – As well as cigarettes, cigars, lottery tickets and the like, visitors to Paris Tabacs can now also buy bitcoins. With the backing of French fintech group Keplerk, the crypto-currency has gone on sale in six tobacco shops in and around Paris. Adil Zakhar, one of Keplerk's co-founders, …

Read More »

Blythe Masters steps down as CEO of blockchain startup Digital Asset

(Reuters) – Blockchain startup Digital Asset's chief executive officer and one of the most prominent supporters of the distributed ledger technology on Wall Street, Blythe Masters, is stepping down after about four years in the role, the company said on Tuesday. AG Gangadhar, a former Uber executive who joined Digital …

Read More »

South Korea’s Kakao invests in Israeli blockchain firm Orbs

JERUSALEM (Reuters) – Israeli blockchain startup Orbs said on Thursday it received an investment from Kakao Investment, the venture arm of South Korean internet conglomerate Kakao Corp. Orbs did not disclose the size of the investment. Kakao, South Korea's largest messaging app operator, earlier this year said it would establish …

Read More »

Cryptoassets should be ‘outlawed’: Allianz GI CEO

LONDON (Reuters) – The head of one of Europe's largest asset managers called for global regulators to ban cryptoassets on Tuesday, scorning them for wiping out people's savings. “You should outlaw it”, Allianz (DE:ALVG) Global Investors Chief Executive Andreas Utermann said during a panel discussion in London. “I am personally …

Read More »

As bitcoin trading shifts shape, big money stays away

By Tom Wilson LONDON (Reuters) – Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed. The retail investors behind bitcoin's dizzying ascent to a record of …

Read More »

Two Sigma Ventures backs cryptocurrency security startup Trustology

By Anna Irrera NEW YORK (Reuters) – The venture capital arm of quantitative hedge fund manager Two Sigma has backed Trustology, a young company that develops technology to help investors safeguard digital assets such as cryptocurrencies, the companies said on Thursday. Two Sigma Ventures led an $8 million seed round …

Read More »

Fidelity, Nasdaq Ventures invest in cryptocurrency exchange ErisX

NEW YORK (Reuters) – New cryptocurrency exchange ErisX said Tuesday it raised a total of $27.5 million from investors including Fidelity Investments and Nasdaq Ventures. ErisX says it will offer investors the ability to trade the cryptocurrencies bitcoin, litecoin and ether on spot and futures markets starting next year, subject …

Read More »