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Forex 03 Jun 2017 | 12:04 AM Premium

Bitcoin exchange Coinbase seeks new funds at $1 bln valuation-WSJ

BENGALURU: Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday.

Technology 31 May 2017 | 12:00 AM Premium

Bitcoin’s rapid surge raises questions

NEW YORK: Bitcoin’s astronomical rally has crypto currency bulls feeling vindicated. Not so fast, skeptics say.

Business 30 May 2017 | 12:00 AM Premium

Utility giants join blockchain energy trading trial

FRANKFURT: Some of Europe’s biggest utilities joined a project to test blockchain-based trades in wholesale power and natural gas markets.

Technology 27 May 2017 | 12:00 AM Premium

Mizuho to launch fintech venture

TOKYO: Japan’s Mizuho Financial Group will start a venture next month to create new businesses using “fintech,” an executive said, joining a global race in financial technology that threatens to unsettle traditional players.

TECH 26 May 2017 | 8:30 AM Premium

Coinbase suffers outages amid bitcoin surge

Coinbase said on May 25 it suffered outages this week as the bitcoin exchange saw 'unprecedented traffic and trading'.

Banking 26 May 2017 | 12:00 AM Premium

Silicon Valley’s hot new way to invest comes with a catch

MADRID: It’s too late to invest in Airbnb Inc but a company that bills itself as the Airbnb of cloud computer storage is raising cash – and anyone with an Internet connection can get in on the action.

Business 25 May 2017 | 12:33 AM Premium

Asian shares firm early Thursday

TOKYO: Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its US$4.5 trillion of bond holdings.

Corporate News 25 May 2017 | 12:33 AM Premium

Bitcoin soars above US$2,400 to all-time high

BENGALURU: Digital currency bitcoin hit a fresh record high on Wednesday, surging above US$2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.

Business 25 May 2017 | 12:24 AM Premium

Breakfast briefing: Thursday, May 25 (Update)

Breakfast briefing: Thursday, May 25

TECH 23 May 2017 | 9:12 AM Premium

Toyota, tech firms explore Blockchain for driverless cars

Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said it has teamed up with MIT Media lab and five other companies to explore Blockchain technology for the development of driverless cars.