Major financial bodies are looking more seriously at blockchain, the underlying technology of cryptocurrencies like bitcoin. The Competition Commission of India (CCI), in collaboration with EY, recently came out with a discussion paper on blockchain and its legal ramifications. The 50-page document, which has been reviewed by Business Standard, retains the government’s stand to allow…
British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak indicated could be known as Britcoin”. The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally…
By Elizabeth Howcroft LONDON (Reuters) – What do you do with a $69 million artwork that doesn’t physically exist? That’s the question faced by the Singapore-based investor calling himself Metakovan, who made headlines last month when he bought the digital artwork “Everydays: The First 5000 Days” by the American artist Beeple at Christie’s. The work…
The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins…
If you’ve been in the investment industry, you might have heard of some companies offering investment opportunities that tie with gold and other precious materials. Maybe you’ve even heard that investing in stocks and bonds can be less stable (read more) than investing in these precious metals. Its entry point, ranging from $600-$700, is already…
Seniors are now more aware of rising funeral costs. They want to do everything they can to ensure they don’t leave their families with the financial burden of organizing a funeral. However, final expense insurance covers more than just funeral expenses. It provides death benefits to your beneficiaries. Family members could use the payout to…
Even for Silicon Valley, Surojit Chatterjee’s rise to extraordinary wealth, amounting to nearly Rs 5,000 crore (or $646 million) was lightning fast. The chief product officer has been with Coinbase Global Inc., the biggest U.S. crypto exchange, for just 15 months. The former Google executive’s Coinbase stake was worth about $180.8 million after its first…
Coinbase Global Inc shares jumped 11% in early trades on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion. The debut marks another milestone for bitcoin and other digital assets and comes amid a surge in the value of…
Cryptocurrency exchange Coinbase Global Inc was set to be valued at more than $94 billion in a stock market debut on Wednesday that marked another milestone in the development of bitcoin and other digital assets. At 11:37 a.m. ET, the company’s stock was indicated to open at $360 per share, up 44% from a reference…
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset. The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had…
