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

22-Year-Old Behind $5 Billion Crypto Is Just Getting Started

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(Machine translation provided by Google and reviewed by Bloomberg editors.) Dominik Schiener would have had 500,000 reasons to turn his back on cryptocurrencies. That is the amount of euros the young man from Berlin lost in 2013/2014 in an attempt to … Continued

Massive Cryptocurrency Heist Spurs Calls for More Regulation

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At 2:57 a.m. on Friday morning in Tokyo, someone hacked into the digital wallet of Japanese cryptocurrency exchange Coincheck Inc. and pulled off one of the biggest heists in history. Three days later, the theft of nearly $500 million in digital … Continued

Coincheck Says It Lost Crypto Coins Valued at About $400 Million

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One of Japan’s biggest cryptocurrency exchanges said that about $400 million in NEM tokens were lost after the coins were sent “illicitly” outside the venue, spooking investors in a country that’s still wary of digital-token exchanges four years after the … Continued

World’s Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour

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The world’s biggest cryptocurrency exchange keeps getting bigger. Hong Kong-based Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an … Continued

Asia Stocks Test Record High, Extend Global Rally: Markets Wrap

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Stocks in Asia extended a global rally and are poised for a record high, underpinned by a solid earnings season and modest gains in U.S. shares overnight, with Japan’s equity benchmarks cementing advances to two-decade highs. Tokyo shares have touched … Continued