More than 15 members of blockchain consortium Hyperledger have either cut their financial support for the project or quit the group over the past few months, according to documents seen by Reuters.Exchange operators CME Group and Deutsche Boerse have decided to downgrade their membership for the consortium starting at the end of January 2018, according […]
The world’s largest exchange company launched bitcoin futures on Sunday, seeking to capitalize on the mania for the booming digital currency. Chicago-based CME Group Inc. began trading bitcoin futures at 6 p.m. Eastern Time. The first contract for January expiration surged nearly 6% to $20,650 in the first trade but dropped to $18,760 after several […]
One of the hottest cryptocurrency investments of 2017 comes from a software startup that doesn’t plan to sell any software and describes what it is selling—something called a digital token—as having “no purpose.” The company, block.one, has raised about $700 million and counting. That is larger than all but 10 of the 195 U.S. initial public offerings this year. Source: […]
Hollywood is jumping on the Bitcoin bandwagon. Filmmaker Christian Cashmir is in pre-production for his feature film debut, “Bitcoin,” a comedy about two down-and-out brothers in Arizona who stumble across a Bitcoin wallet worth $20 million and try to sell it on the black market. “Bitcoin” is produced by up-and-coming indie producer Lauren Cribb and […]
HONG KONG—Money raised from initial coin offerings has surged past $4 billion for the first time, even as regulators world-wide have escalated warnings about the new form of corporate funding. An initial coin offering, or ICO, is a method of corporate fundraising that circumvents traditional capital markets. Typically tech startups, many involved in the digital-currency […]
The index will consist of 20 funds investing in the likes of bitcoin, ethereum, ripple and gnosis By Laurence Fletcher Dec. 13, 2017 9:47 a.m. ET Chicago-based data group HFR is launching an index of hedge funds that invest in cryptocurrencies, in a sign of how managers are increasingly eyeing these assets as a way […]
SAN FRANCISCO — Indiegogo helped take crowdfunding mainstream. Now the company is hoping it can do the same for initial coin offerings, the popular but unregulated practice of selling custom virtual currencies to raise money for software projects. Indiegogo started a new service on Tuesday to vet coin offerings, also known as I.C.O.s, and then […]
The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain, “this time is different.” The cryptocurrency and ICO markets have grown rapidly. These markets are local, national and international and include […]