currency

  • Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

    Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

    Fidelity Investments, one of the world’s largest investment firms with $2.3 trillion in managed assets, is taking a long look at cryptocurrencies.  The firm has been experimenting internally with bitcoin, but is now bringing some of those features out to its broad customer base.  Read More

  • Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

    Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

    Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which… Read More

  • China’s three largest bitcoin exchanges will all stop offering local trading

    China’s three largest bitcoin exchanges will all stop offering local trading

    Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the country’s two other major exchanges — Huobi and OKCoin — followed suit to say they will cease at the end of October. The writing was on the wall when The Wall Street Journal… Read More

  • Bitcoin breaks $3,000 to reach new all-time high

    Bitcoin breaks $3,000 to reach new all-time high

    Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for… Read More

  • From barter to blockchain: A history of money Crunch Network

    From barter to blockchain: A history of money

    The Big Bang brought the universe into existence 13.7 billion years ago. Life first appeared on our planet 3.8 billion years ago. Earth witnessed a hominid species, Home erectus, walking upright for the first time 1.9 million years ago. And, 7,000 years ago, money was invented. Read More

  • Business in the age of Ethereum Crunch Network

    Business in the age of Ethereum

    When Bitcoin burst onto the scene in 2009, it challenged preconceived notions about the limitations of transactions. Fast-forward 8 years, and another platform is dominating the headlines. Ethereum has built on Bitcoin’s potential and is driving a revolution in financial transactions. Ethereum is an open-source platform that facilitates the development of next-generation… Read More

  • Even the world’s largest bitcoin exchange couldn’t handle this week’s cryptocurrency boom

    Even the world’s largest bitcoin exchange couldn’t handle this week’s cryptocurrency boom

    For those operating a bitcoin exchange — where people can buy cryptocoins — you’d imagine that the current surge in value for bitcoin and others like Ethereum’s ether coin is a dream come true. The answer is yes and no. Read More