Cryptocurrencies

Platform News: Bitcoin and the rise of cryptocurrencies

Self-proclaimed bitcoin inventor largely prevails in $54 billion bitcoin trial

A computer scientist who has claimed to be the inventor of bitcoin largely prevailed in a Florida jury trial over whether the estate of a former business partner deserved half of a...

Platform Economy in Australia, primarily in Melbourne and Sydney

Australia proposes new laws to regulate crypto and BNPL sector

Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 ...

Crypto Coins

US risks ‘chilling’ regulations on crypto, industry warns Congress

Top executives from six cryptocurrency firms will on Wednesday tell Congress to tread lightly in imposing new rules on digital assets – or risk sending activity underground o...

Self-proclaimed bitcoin inventor largely prevails in $54 billion bitcoin trial

A computer scientist who has claimed to be the inventor of bitcoin largely prevailed on Monday in a Florida jury trial over whether the estate of a former business partner deserved...

MoonPay

Crypto start-up MoonPay valued at $3.4 billion after latest funding round

Cryptocurrency start-up MoonPay has raised fresh capital from investors led by Tiger Global Management and hedge fund Coatue at a valuation of $3.4 billion, becoming the latest ven...

Crypto Coins

Crypto start-up Gemini valued at over $7 billion after latest fundraise

Gemini said on Thursday it had raised $400 million in a funding round led by hedge fund Morgan Creek Digital that valued the startup at $7.1 billion, becoming the latest crypto com...

Swiss Exchange’s new platform to use ‘revolutionary’ crypto tech for bond issuance

SIX Swiss Exchange’s new digital trading and settlement arm will issue a bond to show how blockchain can benefit mainstream securities and not just the cryptoassets it was or...

Platform Economy: SEC

US securities regulator halts Wyoming crypto firm’s tokens

The US securities regulator has halted registration for two digital tokens offered by Wyoming-based American Cryptofed DAO LLC, accusing the company of providing misleading informa...

Jack Dorsey

Square quarterly profit jumps on bitcoin boost

Square reported a nearly 60% rise in third-quarter gross profit on Thursday, fuelled by a jump in bitcoin transactions on its peer-to-peer payment service Cash App.

Commonwealth Bank: Australia

Australia’s CBA breaks ranks to offer cryptocurrency trading

Commonwealth Bank of Australia will become the country’s first to offer retail clients crypto services, Australia’s largest bank has said, marking a change from the sec...

Robinhood Markets on Wall Street

Robinhood shares drop below IPO price in after-market trading on crypto slowdown

Robinhood Markets Inc’s shares fell below their initial public offering price in after-hours trading after the retail broker reported softer revenue than expected for the thi...

Cryptocurrency

US futures-based bitcoin ETF rises in first day of trading, bitcoin nears record

The first US bitcoin futures-based exchange-traded fund began trading yesterday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could bo...

Facebook

US lawmakers say Facebook cannot be trusted to manage cryptocurrency

A group of US lawmakers said Facebook Inc cannot be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurre...

New York Crypto

New York directs two cryptocurrency lending platforms to cease activity

Two cryptocurrency lending platforms were asked to cease activities in New York by the state’s attorney general on Monday and three other platforms were directed to provide i...

Bitcoin hovers near 6-month high on ETF hopes, inflation worries

Bitcoin hovered near a six-month high Monday morning on hopes that US regulators would soon allow cryptocurrency exchange-traded funds to trade, while global inflation worries also...