Energy Firm Discloses Major Crypto Losses Amid Blockchain Rebrand
A publicly owned firm chaired by a Chinese billionaire lost millions through crypto investments, yet it’s still seeking to rebrand around the tech.
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U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February; Core Rate Rises to 3.8%
The U.S. Consumer Price Index rose faster than expected last month, with the year-over-year pace up to 3.2% versus estimates for 3.1% and January's 3.1%, the government reported Tuesday morning. The core rate – which strips out food and energy costs – also disappointed to the upside, coming in at 3.8% against expectations of 3.7%.On
Nym Technologies Raises $2.5 Million to Anonymize Crypto Apps
feature A privacy-centric startup has turned to a private token sale to raise $2.5 million. The seed round in Nym Technologies involved NEO Global Capital, Lemniscap, Edenblock and others. Binance Labs, where Nym completed a 10-week incubation program late last year, is also an investor. “Token sales are not dead,” Lemniscap managing partner Roderik van…
WATCH: CoinDesk LIVE from Invest: Asia in Singapore
John Biggs Sep 11, 2019 at 02:08 UTC news Join us live from the show floor at Invest:Asia, our premier crypto global investment event. For the next two days we’ll be talking to folks like Jocelyn Chang of MakerDAO, Jeremy Allaire of Circle, and Benjamin Soong of Ledger. You’ll be able to chat with us on YouTube,…
Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
Feb 24, 2020 at 15:00 UTCUpdated Feb 24, 2020 at 15:13 UTCCaitlin Long in front of a Roman rostra. Credit: Caitlin LongThe U.S. may soon get its first dedicated bank for digital assets.A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository…
Archax to Launch Regulated Exchange for Tokenized Assets This Year
Archax, a U.K.-regulated cryptocurrency exchange and crypto custody service, plans to offer an exchange for tokenized assets such as funds and bonds before the end of the year, Chief Marketing Officer Simon Barnby told CoinDesk in an interview on Tuesday."We believe the future is the tokenization of all real-world-assets, and all traditional financial instruments are
Singapore’s Temasek to Exercise Caution in Crypto Space After FTX Nightmare
Singapore’s Temasek Holdings, one of its sovereign wealth funds, has pledged to take “collective accountability” for its failed $275 million investment in collapsed crypto exchange FTX.In a statement released Monday morning, the fund said there was “fraudulent conduct intentionally hidden from investors, including Temasek.”"Although there was no misconduct by the investment team in reaching their…
BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin
Jul 9, 2020 at 19:54 UTCUpdated Jul 9, 2020 at 20:26 UTCBalaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)A 35-year-old Romanian programmer of the Bitclub Network pleaded guilty on Thursday to his role in establishing the mining pool Ponzi scheme that defrauded investors of hundreds…
Crypto for Advisors: Are Crypto SMAs Right for Institutions?
There’s no doubt crypto ETFs have made a splash since their U.S. debut earlier this year, with potentially record-breaking growth. In today’s issue, Leo Mindyuk, CEO of ML Tech, looks at the differences between investing in crypto via Separately Managed Accounts (SMAs) and ETFs. Then, CoinDesk Indices Kim Greenberg Klemballa answers questions about SMA ownership