Category: FINANCE

Like many things in markets, Bitcoin managed to maximize the pain. Its rise went on just long enough to pull in a bunch of otherwise sensible money. And then it made them pay. ( read original story ...)

The price of cryptocurrencies is continuing to plunge amid a dramatic crash. The entire market has dropped dramatically in the wake of a coming Chinese crackdown on the use and trading of virtual ... ( read original story ...)

Rolling coverage of the latest economic and financial news ... ( read original story ...)

Virtual currencies can't be used to conduct business as they don't have real value, China's central bank said. ( read original story ...)

Elon Musk, the CEO of Tesla, has tweeted that the car company will not be selling any of its cryptocurrency, despite the market currently crashing. The news comes as bitcoin, Ethe ... ( read original story ...)

U.S. stocks are opening broadly lower, extending a weak streak into a third day. The price of Bitcoin dropped another 20% Wednesday, extending a sharp pullback in crypto assets over the past month, ... ( read original story ...)

Funding the second phase of the Red Sea Development Company is being considered through an initial public offering (IPO), asset sales, or tap debt markets, announced CEO John Pagano. Pagano indicated ... ( read original story ...)

The Tokyo Olympics can mark a turning point in the global COVID-19 pandemic, the CEO of Swedish Olympic Committee has said. Speaking as they launched their apparel for the 2020 Games, Peter Reinebo ... ( read original story ...)

Beijing has taken another step in restricting the use of cryptocurrency in China, causing a market-wide price plunge. ( read original story ...)

Bitcoin fell more than 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data. That was the lowest level since Feb. 9, the last time it dropped below $40,000. ( read original story ...)

The Nikkei share average dropped 1.28 per cent to close at 28,044.45, while the broader Topix lost 0.66 per cent to 1,895.24. ( read original story ...)

Bitcoin tumbled 14 per cent to its lowest level since early February after Chinese regulators intensified efforts to crack down on the use of cryptocurrencies by financial institutions. In a joint ... ( read original story ...)

The Senate Select Committee on Australia as a Technology and Financial Centre has started its third and final phase of probing the fintech scene, this time narrowing in on nascent tech such as ... ( read original story ...)

South America lithium brine hopeful, Lithium Energy has listed on the ASX after successfully shaking the tin for $9 million in a “heavily oversubscribed” IPO. The new company, a spin-off from iron ore ... ( read original story ...)

The University of Tokyo Edge Capital Partners (UTEC), a deep-tech funding agency, introduced the primary shut of its fifth fund, which is anticipated to complete 30 billion JPY (or about $275 million ... ( read original story ...)

The University of Tokyo Edge Capital Partners (UTEC), a deep-tech investment firm, announced the first close of its fifth fund, which is expected to total 30 billion JPY (or about $275 million USD) by ... ( read original story ...)