Business News / 7:37 pm

Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem

Japanese financial services giant SBI Group has invested $15 million in Swiss startup Tangem, maker of a slimline hardware wallet for cryptocurrencies. Tangem describes its crypto storage product as a “smart banknote for digital assets.” Designed to be used like a bank card, the product allows off-chain physical transactions to be used, for example, for […]

Business News / 1:26 pm

Coinbase Hires New Compliance Chief for UK Operations

U.S.-based cryptocurrency exchange Coinbase has hired a new U.K. head of compliance with three decades of experience in the industry. The new hire, Mark Kelly, joins the prominent crypto startup after almost five years as a director at London-based regulatory reporting firm Abide Financial. According to his LinkedIn profile, Kelly joined the exchange this month. While at Abide, […]

Business News / 3:16 am

Thai Stock Exchange Plans to Launch a Token Trading Platform

The Stock Exchange of Thailand (SET) is looking to capitalize on investor interest in cryptos by offering a new digital assets exchange. According to a report from Bangkok Post on Thursday, the SET is planning to apply for a license from the country’s Ministry of Finance to operate the platform. The move comes as the […]

Business News / 11:08 pm

Overstock’s Patrick Byrne Says tZERO Will Launch Next Week

Overstock.com’s long-awaited tZERO security token trading platform will go live by the end of next week, CEO Patrick Byrne said Friday. Byrne told CoinDesk the company is “ready to hit the button and go live today,” but was waiting a few more days to process user signups. “But by the end of the next week we […]

Business News / 10:51 am

Chip Maker TSMC Reports ‘Big Drop’ in Crypto Mining Revenue

Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has reported a slump in its crypto mining business revenue for last year. The firm announced its Q4 2018 financial results and also published an earnings call transcript on Thursday, providing revenue details across business segments. In the transcript, TSMC’s CEO and vice chairman C. C. Wei said that […]

Acquisitions / 10:37 pm

OKCoin Founder Star Xu Seeks to Acquire Public Firm for $60 Million

Star Xu, the founder of cryptocurrency exchange OKCoin, may be seeking a possible backdoor IPO for his firm by buying a majority stake in a Hong Kong-listed company. On Jan. 10, Xu (under his real name Xu Mingxing) filed with the Hong Kong Stock Exchange (HKEX) for approval to buy a 60 percent stake in a construction […]

BitPay / 2:26 pm

BitPay Says It Processed Over $1 Billion in Crypto Payments Last Year

U.S.-based crypto payments processor BitPay says it processed over $1 billion-worth of transactions last year. Announcing the news on Wednesday, the firm said this is the second consecutive time it’s reached the billion-dollar mark in its over seven years of existence. “To process over a $1 billion for a second year in a row despite bitcoin’s […]

Audits / 12:22 pm

Circle’s USDC Stablecoin Fully Dollar Backed, Says Latest Auditor’s Report

Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton. The auditor published an attestation report on Wednesday, stating that Circle had $251,211,209 held in custody accounts as of Dec. 31, 2018, against the 251,211,148 USDC tokens in circulation at the time. Goldman Sachs-backed […]

Bankruptcy / 8:15 am

Bankrupt Bitcoin Miner Giga Watt Forced to Cease Daily Operations

Bankrupt U.S.-based bitcoin mining firm Giga Watt has been forced to shut down day-to-day operations. The firm sent an email to customers on Tuesday, a copy of which was obtained by CoinDesk, which states that, while it had continued to operate in the two months since the bankruptcy filing, “at present, both access and power […]

BitGo / 4:09 am

Genesis, BitGo Team Up to Ease Crypto Trading for Institutions

Cryptocurrency custodian BitGo and over-the-counter (OTC) specialist Genesis Global Trading have teamed up on a service designed to make Wall Street feel more comfortable dipping a toe in the market. Announced today, the tie-up means institutional investors storing digital assets with BitGo can use Genesis’ platform to execute trades at the speed they are accustomed […]