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Business 23 Jan 2018 | 12:00 AM

Bernstein: Bitcoin has no role yet for institutional investors

HONG KONG: Taken on its own, Bitcoin’s eye-popping 1,400% rally last year would put most other investments to shame.

Business 20 Jan 2018 | 12:00 AM

Click and mortar

BUY online and pick up in-store. Lots of retailers are now offering this option in the US and elsewhere in more developed markets. Malls in Malaysia are already looking into it in the face of growing competition from e-commerce sales. In the future, instead of brick-and-mortar, Malaysian malls and retailers will be offering click-and-mortar services too.

Cryptocurrency 19 Jan 2018 | 8:01 AM

Bitcoin use under scrutiny in Bali

JAKARTA/KUTA: Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said.

Cryptocurrency 19 Jan 2018 | 3:31 AM

US SEC questions prospects of bitcoin ETFs

NEW YORK: The US Securities and Exchange Commission (SEC) has questioned the prospects of bitcoin exchange-traded funds saying there are a significant number of investor protection issues about cryptocurrencies and related products that need to be examined.

TECH 18 Jan 2018 | 6:30 AM

Chart-topping fitness app ‘Sweatcoin’ secures funding

Sweatcoin, a free smartphone app that pays people to be physically active, said on July 17 it has secured its first round of institutional funding after topping download charts in Britain and the United States.

AseanPlus News 18 Jan 2018 | 12:00 AM

Bitcoin machines a hit in Hong Kong

HONG KONG: A banner that reads “Mining Specialist” stands out from among all the stores selling X-Box games, comic books, action hero figurines and video game consoles.

Cryptocurrency 18 Jan 2018 | 12:00 AM

Power-hungry bitcoin miners

NEW YORK: There’s a growing debate over how much power will be sucked up by the world’s growing ranks of cryptocurrency miners.

Cryptocurrency 17 Jan 2018 | 12:55 PM

Bitcoin adds to slump that shook global cryptocurrency market

HONG KONG: Bitcoin slowed its decline on Wednesday in the wake of a 23% plunge that rocked the global market for digital assets and sparked deeper questions about its future.

Cryptocurrency 17 Jan 2018 | 12:00 AM

Bitcoin tumbles as digital coins resume slide with South Korea warning

HONG KONG: Bitcoin slumped as much as 20%, giving more impetus to a January selloff in cryptocurrencies, after South Korea’s finance minister repeated that the country may ban trading in one of the world’s most active markets.

Cryptocurrency 16 Jan 2018 | 11:10 PM

Bitcoin jolted by regulation worries, down 25%

TOKYO/SINGAPORE: Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.