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Cryptocurrency 08 Feb 2018 | 12:00 AM

Get ready for most cryptocurrencies to hit zero, warns Goldman

HONG KONG: The tumble in cryptocurrencies that erased nearly US$500bil of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc’s global head of investment research.

Corporate News 07 Feb 2018 | 12:59 PM

Sex businesses find willing partners in cryptos

Freedom from complications has some adult companies cheering the swell of digital currencies, including Bitcoin and Ethereum, and the rise of digital-payment tokens, which could help them skirt skeptical intermediaries and allow customers to make direct payments.

Cryptocurrency 07 Feb 2018 | 12:00 AM

Bitcoin slumps below US$7,000

HONG KONG: Bitcoin continued its 2018 swoon as worries over tightening regulatory oversight of cryptocurrencies combined with a broader flight from riskier assets to send it to the lowest since November.

Cryptocurrency 07 Feb 2018 | 12:00 AM

Vault for crytpocurrencies

TORONTO: VersaBank Inc, a tiny Canadian lender led by a tech-savvy CEO with a penchant for planes and classic motorcycles, is building a virtual safety deposit box for cryptocurrencies and other digital assets.

Cryptocurrency 06 Feb 2018 | 4:22 AM

Bitcon slump continues, hits low of US$6,190

KUALA LUMPUR: Bitcon extended its decline on Tuesday, slumping to a low of US$6,190 as governments sought to further restrict cryptocurrencies.

Business 06 Feb 2018 | 12:00 AM

US asset managers shake up equity research as banks cut back

NEW YORK: As new rules spur Wall Street banks to further shrink their research budgets, US asset management firms are shoring up in-house research, and reinventing the stockpicking business in the process.

Cryptocurrency 06 Feb 2018 | 12:00 AM

Bitcoin’s big wipeout erased US$46bil of value last month

HONG KONG: Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.

Cryptocurrency 05 Feb 2018 | 8:22 AM

Bitcoin's big wipeout erased US$46b of value in January

HONG KONG: Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.

Cryptocurrency 05 Feb 2018 | 12:26 AM

Lloyds Bank to ban credit card owners from buying cryptocurrencies

Lloyds Banking Group Plc said on Sunday it would ban its credit card customers from buying Bitcoin and other cryptocurrencies.

Cryptocurrency 05 Feb 2018 | 12:00 AM

Is bitcoin a scam?

Is bitcoin one humongous scam or Ponzi scheme? Before I answer that question, let’s look at the four typical characteristics of a Ponzi scheme.