ADVERTISEMENT

Cryptocurrency


  • Filter by

Country Heights ‘horse currency’ faces obstacles

PETALING JAYA: Country Heights Holdings Bhd’s (CHHB) plan to conduct an initial coin offering (ICO) to issue its own cryptocurrency, called “horse currency”, has hit a speed bump.

The Securities Commission (SC)(pic) has ordered all ongoing ICOs to halt their activities and return all monies or digital assets collected from investors.

New cryptocurrency wallet to be launched

SERI KEMBANGAN: Property tycoon Tan Sri Lee Kim Yew has partnered with a technology firm to develop a cryptocurrency wallet mobile application called Unicorn Wallet.

Left to right: Unicorn Wallet co-founder and CTO Shen Dong Xiong, founders Esther Law Lee Poh, Tan Sri Lee Kim Yew, Marcus Chong and advisors prof Kelvin Cho and Marcus Tan at the pre-launch and preview of the Unicorn Wallet at Palace of the Golden Horses Hotel.

BIS: No rush to issue e-money

LONDON: Most central banks have no plans to issue a digital version of their currency after studies left them unconvinced of the merits of e-money, a survey by the Bank for International Settlements (BIS) showed.

Central banks have warned investors they could lose money on privately minted cryptocurrencies like bitcoin, which have taken a hammering in recent months.

BIS says central banks in no rush to issue e-money

LONDON (Reuters): Most central banks have no plans to issue a digital version of their currency after studies left them unconvinced of the merits of e-money, a survey by the Bank for International Settlements (BIS) showed on Tuesday.

Blockchain will finally make itself useful

NEW YORK: After all the hype, blockchain is due for a breakthrough in 2019. Banks and companies are gradually applying versions of the distributed-ledger technology associated with bitcoin to tasks like settlement. Demonstrating blockchain’s utility, though, will say little about the value of cryptocurrencies themselves.

Plunging values: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies seen on a PC motherboard. Boom in intial coin offerings has turned to bust amind plunging cryptocurrency values. — Reuters

ADVERTISEMENT