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Tag Archives: Reuters

Tiberius halts sales of metals-backed cryptocurrency

LONDON (Reuters) – Tiberius Technology Ventures has called a temporary halt to sales of its metals-backed digital currency and will refund $1 million to investors, it said on Tuesday, citing high credit card fees that it said made the project unworkable. The Tiberius Coin, or tcoin, was pitched as a …

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TD Ameritrade invests in cryptocurrency exchange ErisX

(Reuters) – Retail brokerage TD Ameritrade Holding Corp said on Wednesday it has invested in a new cryptocurrency exchange called ErisX in a bid to offer clients digital asset investment options beyond the popular bitcoin. TD Ameritrade clients can already trade bitcoin futures over the CBOE Futures Exchange. ErisX will …

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Startup Ripple signs up payments firms for crypto-based platform

NEW YORK (Reuters) – Three companies that provide cross-border payment services plan to use technology developed by startup Ripple that employs cryptocurrency XRP to speed transactions, the firms said on Monday. Ripple, a large holder and promoter of XRP, said its platform for cross border payments, called xRapid, is now …

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U.S. judge sides with CFTC on virtual currency oversight

By Michelle Price WASHINGTON (Reuters) – A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. The closely watched decision by a …

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Swiss startup SEBA raises funds to build crypto bank

By Brenna Hughes Neghaiwi ZURICH (Reuters) – Swiss startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to build a bank offering cryptocurrency services to companies and investors while extending traditional banking services to firms in the new industry. Headed by former UBS managers Guido Buehler as …

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Cryptocurrency giant Bitmain chooses Hong Kong for IPO

By Alun John HONG KONG (Reuters) – Bitmain Technologies, the world's largest designer of products used for mining cryptocurrencies, confirmed it was bringing its IPO to Hong Kong in what will be an important test of institutional investors' interest in the crypto sector. Bitmain's prospectus, investors' first official look at …

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Walmart, Sam’s Club to put food products on blockchain

(Reuters) – Walmart (N:WMT) and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents. Walmart is among several other retailers such as Nestle SA (S:NESN) trying to tap blockchain, …

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Google ends cryptocurrency ad ban: CNBC

(Reuters) – Alphabet Inc's (O:GOOGL) Google has joined Facebook (O:FB) in ending a ban on advertisements for cryptocurrencies, CNBC reported on Tuesday. Google's move to ban such ads in June sent the price of the best-known cryptocurrency, bitcoin (BTC=BTSP), down more than 10 percent. Google did not immediately respond to …

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Walmart, Sam’s Club to put food products on blockchain

(Reuters) – Walmart (NYSE:WMT) and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents. Walmart is among several other retailers such as Nestle SA (SIX:NESN) trying to tap blockchain, …

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Cryptocurrency has hit bottom, bitcoin due for renaissance: Novogratz

By Kate Duguid and Jennifer Ablan NEW YORK (Reuters) – Michael Novogratz, former macro hedge fund manager and founder of cryptocurrency asset management firm Galaxy Digital Capital Management, on Thursday said that the bottom in cryptocurrency prices has been reached and bitcoin is due to bounce back. Bitcoin was last …

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Japan hit by another cryptocurrency heist, $60 million stolen

By Taiga Uranaka TOKYO (Reuters) – Japanese cryptocurrency firm Tech Bureau Corp said about $60 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability despite recent efforts by authorities to make it more secure. Tech Bureau, which had already been slapped with two business improvement orders …

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Australian regulator cracks down on misleading digital coin offerings

SYDNEY (Reuters) – Australia's corporate watchdog said on Thursday it was stepping up scrutiny on “misleading” initial coin offerings (ICOs)targeted at retail investors while adding it has already acted against several such proposals. The Australian Securities & Investments Commission (ASIC) said consistent problems with proposed ICOs included the use of …

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Cryptocurrency exchange Coinbase hires chief legal officer from Fannie Mae

By Anna Irrera NEW YORK (Reuters) – Coinbase has hired finance executive Brian Brooks as chief legal officer, it said on Wednesday, as the cryptocurrency exchange grows its compliance and government affairs capabilities amid intensifying regulatory scrutiny of the nascent market. Brooks was most recently executive vice president, general counsel …

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Banks, traders launch first commodities blockchain platform

By Julia Payne LONDON (Reuters) – Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday. The platform will be run by a venture called komgo SA, based in Geneva, Switzerland, …

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Cryptocurrency exchanges at risk of manipulation: report

By Anna Irrera NEW YORK (Reuters) – Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General's office said in a report published on Tuesday. The study found that online platforms where virtual currencies such as bitcoin …

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