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…
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…
Cyberattacks using ransomware are increasing in frequency, and ransom payments made to the hackers are swelling as well. Cryptocurrency and the exchanges where digital currency can be traded anonymously have emerged as key tools for the cyber extortionists. The vast sums being paid by corporations to regain control of their computers would have been near-impossible…
The original source code for the World Wide Web sold at Sotheby’s on Wednesday for $5.4 million, up from a starting bid of just $1,000. The code was sold by Tim Berners-Lee, a computer scientist credited with writing the source code that forms the basis of the World Wide Web Berners-Lee consigned the code for…
Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions after banks and payment gateways started cutting ties with them, six industry insiders said. The exchanges are struggling to cope after the central bank, the Reserve Bank of India (RBI), which has said it does not favour digital currencies, out…
Sam Altman has a startup that intends to give a special type of cryptocurrency to every person on earth. But first, it wants to scan everybody’s eyeballs. The former head of the Silicon Valley business incubator Y Combinator is one of Worldcoin’s three founders. Among the many parts of its plan, Worldcoin has designed an…
