Cryptocurrencies |

Fintech Firm FIS Is Ready If Bitcoin Trading Takes Off, CEO Says

LAGOS (Capital Markets in Africa) – The head of one of the largest U.S. financial technology firms said his company is ready to trade and settle cryptocurrencies as soon as banks demand it. Fidelity National Information Services Inc., which provides technology to thousands of U.S. lenders, has also been experimenting with blockchain, the distributed-ledger technology that processes cryptocurrency transactions, Chief Executive Officer Gary Norcross said Thursday in an interview at Bloomberg’s New York office. FIS, as the…

One of the Biggest ICOs Plummets as Manager Spat Heats Up

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Tezos, the startup which raised $232 million in a July initial coin offering, plunged on derivative exchanges after revealing a management spat and little progress in developing its product. Derivatives on Tezos tokens fell as much as 31 percent, according to exchange HitBTC. On BitMEX, December futures on the tokens plunged 58 percent as traders unwound bets the project would be launched before the end of the year. The…

Bankers Go on a Day Trip to Blockchain’s Magical World

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Blockchain experiments are everywhere in finance these days. Actual blockchain applications that are big enough to have any lasting impact on banking, not so much. Those offenders who talk a lot without doing anything of substance have even been given a name in crypto world. “Too many people are using [blockchain] as a buzzword and are not focused on solving a real problem,” Ripple CEO Brad Garlinghouse wrote recently. “We like…

Hedge Fund That Loves Bitcoin Unfazed by Surge Toward $6,000

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Bitcoin-focused hedge fund BitSpread Limited isn’t interested in the price of the cryptocurrency, even as it soared close to the $6,000 mark this week. Instead, the firm is looking at something else: the price disparity between the exchanges that sell bitcoin. “We’re not interested in the price of bitcoin — high or low,” said Cedric Jeanson, the former JPMorgan Chase & Co. trader who started Bit Spread, which manages more than $25…

My Reluctant Education in Bitcoin: Fully Charged

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – While markets as a whole have been pretty boring this year, cryptocurrencies have been anything but. I, along with a vast majority of the population, have avoided thinking about this super-complex world for as long as possible. But I’ve finally forced myself to make the dive. And it looks like a lot of people have as well. Even my boxing coach recently asked me if he should buy bitcoin or ethereum….

Blythe Masters’s Blockchain Firm Raises Money, Hires Executive

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Blythe Masters’s blockchain software firm Digital Asset Holdings LLC raised another $40 million and hired a technology executive who previously worked for software giant Microsoft Corp. and quantitative hedge fund Two Sigma Investments. The company, where former JPMorgan Chase & Co. banker Masters is chief executive officer, is one of several trying to reshape finance by leveraging the blockchain ledger technology that underpins bitcoin and other cryptocurrencies. DAH’s clients include the…

Hive Switches From Mining Gold to Bitcoin — Surges Six-Fold

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world’s largest gold companies, is digging for another kind of gold: cryptocurrencies. The company he’s backed, Vancouver-based Hive Blockchain Technologies Inc., is among the first publicly traded stocks to provide exposure to crypto mining — the vast data crunching needed to verify the blockchain and the volatile currencies they produce like bitcoin and…

« 1 … 8 9 10 11 12 … 15 »