business news


Markets

TrueUSD Stablecoin to Add 'Real Time' Monitoring of Dollar Backing

TrustToken has announced a new partnership that it says will allow a "real-time" view of the U.S. dollars backing its TrueUSD token.

money magnifying glass

Markets

BlockFi Now Offers a Crypto Deposit Account With Compound Interest

Cryptocurrency lending startup BlockFi has launched a deposit account that it says provides 6.2 percent compound interest annually.

deposit box

Markets

Futures Trading Nears $1 Billion in First Month at Kraken Crypto Exchange

Crypto Facilities, which provides futures data to CME, saw its own trading volume jump five-fold after being acquired by Kraken.

Kraken

Markets

EY Aims to Make It Easier to Calculate Crypto Taxes With New Tool

The professional services giant has launched a product to help clients automate their cryptocurrency accounting and tax calculations.

EY

Markets

Dash Core Group to Lay Off Staff in 'Crypto Winter' Cost-Cutting Effort

The company behind cryptocurrency project Dash is to reduce its staffing levels in a cost-cutting effort brought on by the bear market.

Dash, chart

Finance

Underwriter Claims Crypto Custodian BitGo Exaggerated Insurance Coverage

An underwriter of BitGo’s $100 million crypto insurance policy says the custodian described it in a misleading way.

BitGo CEO Mike Belshe

Markets

Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are betting that abundant water this summer will make their business profitable again.

mining farm in Sichuan

Markets

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar

Coinbase is parting ways with Neutrino employees who worked at Hacking Team following a customer backlash.

Coinbase CEO Brian Armstrong

Markets

Crypto 'Prime Broker' Tagomi Raises $12 Million in Round Led by Paradigm

Tagomi, a startup billing itself as crypto's answer to Wall Street prime brokerages, has raised another $12 million.

bm

Markets

PwC Blockchain Principal Grainne McNamara Moves to Rival EY

Grainne McNamara, formerly PwC's blockchain principal, has moved to rival Big Four consulting firm EY, where she will have a broader focus.

PWC logo