Cryptocurrency news - Business
Indonesian e-commerce giant buys local crypto exchange for $8 million
Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin, a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world. As re...
Singapore's Central Bank Asks Crypto Firms to Submit Business Data
The Monetary Authority of Singapore (MAS), the country's central bank, has asked some digital asset firm to submit data about their business activity, Bloomberg reported, citing people with knowledge of the matter. The central bank is set to make changes to its crypto re...
Bank of Finland governor says digital euro could facilitate pan-European services to consumers
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the...
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit ro...
After four years, Japan brings back its first crypto ATM
Crypto ATMs — or BTMs as per local terminology — are back in Japan after a lengthy four-year hiatus. Local crypto exchange firm Gaia Co., Ltd announced on Aug. 2 that it will soon roll out BTMs that support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Liteco...
Brazil’s Largest Digital Bank Nubank Reaches 1M Crypto Users After Just a Month
Nubank, the largest Brazilian digital bank by market value, reached 1 million users on its crypto trading platform just one month after launching in June, the company said on Tuesday. The company had hoped to reach the milestone within a year, after launching Nucripto in May and...
Crypto lender Vauld seeks protection against creditors
Singapore crypto exchange Vauld Group is seeking a moratorium against its creditors — a move that would give the troubled lender more time to restructure its business after collapsing asset prices impacted its operations earlier this month. Vauld filed an applicati...
Australian central bank governor favors private sector crypto technology
Australian central bank Governor Phillip Lowe said that a private solution “is going to be better” for cryptocurrency as long as risks are mitigated through regulation. Lowe commented at a recent G20 finance meeting in Indonesia. Reuters reported on July 17 that offic...
Swiss Post's banking arm developing in-house crypto custody platform
Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank with PostFinance, the fifth largest bank in the country, are expecte...
Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit
Tesla (TSLA) CEO Elon Musk scrapped his $42 billion takeover deal to buy Twitter (TWTR), claiming the information provided by the social media giant was false and misleading, prompting the company to threaten to sue to enforce the agreement. Musk, in a filing with the U.S. Sec...