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

Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

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Japan’s FSA warns Binance for operating without a license Biggest cryptocurrency fell 4.5% after news first reported told Bloomberg in January that it was working to acquire a license in Japan, but the warning could complicate those efforts. Zhao said … Continued

Bitcoin Rises From Six-Week Low as G-20 Weighs Cryptocurrencies

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A weekend selloff cryptocurrencies subsided, with Bitcoin rallying from a six-week low before Group of 20 finance ministers and central bank governors discuss digital assets in Buenos Aires. Bitcoin traded at $8,235 as of 11:20 a.m. in Hong Kong, up … Continued

Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says

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The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin. “In terms of using Bitcoin or some of the cryptocurrencies, we are also … Continued

Bitcoin Ban Expands Across Credit Cards as JPMorgan, BofA Recoil

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A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co. and Bank of America Corp., the nation’s two largest banks, said they’re halting purchases of Bitcoin and other … Continued

Bitcoin’s Brutal Week Is Even Worse in South Korea

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Bitcoin’s brutal start to the year is proving especially painful in South Korea. While prices for the cryptocurrency are falling on major exchanges around the world, nowhere have the declines been faster than in Asia’s fourth-largest economy. The losses have … Continued

Trump Ties Palestinian Aid Money to Peace Deal: Davos Update

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Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and sexual harassment, to the risks and opportunities of artificial intelligence. Not to mention … Continued

China Escalates Crackdown on Cryptocurrency Trading

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China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on … Continued

Cryptocurrencies Are Selling Off

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Bitcoin slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the the world’s largest cryptocurrency. Regulators in China and South Korea are increasing oversight on cryptocurrency … Continued