FTX Trading Ltd said on Tuesday its valuation had risen to $18 billion after a $900 million funding round that included SoftBank Group Corp and was one of the biggest fundraises for a crypto company. The round saw participation from more than 60 investors, including venture capital firm Sequoia Capital, private equity giant Thoma Bravo,…
A selloff in Bitcoin accelerated Tuesday, pushing it below $30,000 for the first time in about a month. The largest digital coin fell 3.6% to $29,667 as of 7 a.m. in New York. Other virtual currencies also retreated, including second-ranked Ether. The Bloomberg Galaxy Crypto Index was down about 4%. Some traders had viewed $30,000…
By Anna Irrera LONDON (Reuters) – Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity’s cryptocurrency business found. More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of…
By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – Japan is beefing up its diplomatic efforts to regulate digital currencies globally, three officials told Reuters, a sign of the government’s growing alarm that a proliferation of new forms of private money could upend the financial system. Tokyo is playing catch-up in a global debate among…
By Umar Farooq ISLAMABAD (Reuters) – Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan. From housewives looking to earn a side income to wealthy investors wanting to buy…
China dealt another blow to its beleaguered cryptocurrency industry, with Anhui province becoming the latest to pledge to crack down on the practice of using power-hungry machines to mint Bitcoin and other virtual currencies. Anhui plans to shut down all crypto mining projects within the next three years due to a power supply shortage, hf365.com…
If you’re not prepared to cover an unexpected financial expense, you may realize you need quick access to cash. Whether you need funds for an emergency car repair, medical bill, or vet visit, secured loans are an option that can get you the money you need. Here are 3 secured loans you can consider using during…
The hotel business is still popular with entrepreneurs. Hotels in resort areas are especially attractive and successful. We hope that soon all industries will recover after the pandemic, and more new hotels of different categories will start opening. But for now, let’s quickly look through the main points that must be completed before opening your…
Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms — such as SoftBank Group Corp. — to invest in equally risky and volatile unicorns. MicroStrategy Inc. and Elon Musk’s Tesla Inc. own Bitcoin but they are exceptions. One survey found that only 5…
Cash is still king, for now. A 101.38-carat diamond was sold by Sotheby’s for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans who had hoped the offering by Sotheby’s would mark another milestone in mainstream acceptance of digital assets. Prior to Friday’s sale, the international auction house said it…
