GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2

Malaysia's Mobile Money and Bangladesh's bKash will leverage RippleNet for wallet-to-wallet transactions.(Morrowind/Shutterstock)Jan 15, 2021 at 10:13 a.m. UTCRipple Tech to Power New Malaysia-Bangladesh Remittance CorridorRipple has inked a deal with a Malaysian money transfer business and Bangladesh’s largest mobile financial services provider to enable a remittance corridor between the two countries.According to an announcement Tuesday,…

May 11, 2020 at 13:56 UTCUpdated May 11, 2020 at 14:23 UTCGavin Wood (Credit: CoinDesk archives)Gavin Wood, an original co-founder of Ethereum, took a few good swipes at the second-largest cryptocurrency he helped create, calling out its lack of “agency” when upgrading to its next version, Ethereum 2.0. Wood, the founder of Parity Technologies, said Ethereum…

May 27, 2020 at 11:00 UTCBitGo CEO Mike Belshe said interest from institutional traders has grown amid the economic impact of the COVID-19 crisis. (Credit: CoinDesk archives)Crypto Custodian BitGo Joins Race to Provide Prime Brokerage ServicesCrypto custodian BitGo is moving into the prime brokerage space, announcing a fully integrated suite of services Wednesday to serve…

Featured SpeakerDeep Dive: EthereumProtocol VillageAustin Convention CenterJoin an hour long exploration of the advancements defining the Ethereum community in 2023.Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.Featured SpeakerDeep Dive: EthereumProtocol VillageAustin Convention CenterJoin an hour long exploration of the advancements defining the…

news A Nasdaq-powered crypto startup plans to let its clients indirectly purchase shares of major firms through a token-based platform. Estonia-based DX.Exchange announced Thursday that it would launch its trading platform on Jan. 7, allowing its clients to purchase crypto tokens representing shares in different tech firms listed on the Nasdaq exchange. Customers will be…

Lawyers for Digital Currency Group, Barry Silbert and Michael Moro filed responses to New York Attorney General Letitia James' latest effort to support a lawsuit against the crypto company and executives. The NYAG's office sued DCG and the affiliated executives last year. Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top

news Canaan Creative, one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round. Securities Times, a Chinese financial news publication, reported Monday that the company, known for its Avalon line of mining devices, has raised “several hundred million U.S. dollars,” valuing the firm at over $1 billion. When contacted by CoinDesk,…

Dec 9, 2019 at 10:00 UTCUpdated Dec 9, 2019 at 10:00 UTCChina’s Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: ReportThe People's Bank of China is said to be preparing to launch pilots for its digital currency in at least two major cities.As reported by Chinese financial news source Caijing…

Juan Carlos Reyes, the CNAD’s president, sat down with CoinDesk for an exclusive interview. Crypto regulators need to deeply understand the technology before offering regulatory frameworks, Reyes said. Tokenization efforts are particularly attractive as they allow the democratization of access to structured securities. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to