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SINGAPORE: Singapore’s financial regulator is willing to lend a hand to cryptocurrency firms having problems setting up local bank accounts, but doesn’t plan to loosen its rules to lure more crypto startups to the country.
NEW YORK: U.S. securities regulators on Tuesday temporarily suspended trading in the shares of Crypto Company, a small firm that saw its stock rise more than 2,700 percent this month after signing a deal to buy a cryptocurrency data platform.
LONDON: Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering clear of the volatile currencies themselves.
NEW YORK: The legion of microcaps that have booked massive share-price gains after changing their business to focus on the crypto craze are now looking to cash in.
NEW YORK: AriseBank claimed to have raised an eye-popping US$600mil at the height of crypto craze, making it a high-profile target when US regulators accused the company of fraud in January.
TWO weeks ago, Bitzumi Inc, which describes itself as a “vertically integrated bitcoin exchange” of online media and crypto-related offerings, began soliciting investors on its website.
WALK into Falcon Private Bank on the Pelikantrasse in central Zurich and you’re immediately struck by the giant photo of a woman crouched in the sprinter’s starting position, painted head-to-toe in gold.
NEW YORK: China and South Korea banned digital coin sales this year and regulators in the United States, Malaysia, Dubai, United Kingdom and Germany warned investors that current scant oversight exposed them to risks of fraud, hacking or theft. Regulators in Malaysia and the UK warned that digital coin sales are high-risk, speculative investments and that retail investors should be aware of that.
NEW YORK: When US entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform's tokens.