Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

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Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the … Continued

Cryptocurrencies Fall as Korean Exchange Says $32 Million of Coins Stolen

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Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing fears about the security of digital-asset trading venues. Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, … Continued

The G-7 Will Be a Seminar in Anger Management

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Welcome to Bloomberg Opinion Today, an afternoon roundup of our opinions on business, politics, markets, technology and more. New subscribers can weed. Alone again, naturally. Trump won’t be president forever (right?). And just as tantrums eventually pass, the inexorable, tectonic movement toward ever-freer … Continued

BlackRock’s $1.3 Billion Gold Fund Feels Pain of Miners

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This year hasn’t been kind to precious-metal stock pickers at the world’s biggest asset manager, but their luck may be about to turn. The $1.3 billion BlackRock Gold and General Fund lost 15 percent last quarter, its worst performance since … Continued

How a Billionaire Crypto King Built the No. 1 Exchange in Just 8 Months

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Zhao Changpeng turned Binance into the largest crypto exchange Global regulators are now cracking down on the industry value. He has vaulted from obscurity to the cover of Forbes magazine, steered Binance to a $200 million profit in its second … Continued

World’s Biggest Cryptocurrency Exchange Is Heading to Malta

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Binance to announce banking partnership in Malta: Zhao Move to Europe comes after crackdowns in Japan, China cracking down on cryptocurrency exchanges since last year, making it difficult for venues like Binance to find a permanent base. The company had … Continued