Latest Business News

Questions arise over DX.Exchange's legitimacy
Business 18 January 2019

Questions arise over DX.Exchange’s legitimacy

DX.Exchange promised to give cryptocurrency fans the ability to use their assets to trade in companies on the NASDAQ stock exchange. However, questions about the company are now being raised after it was discovered who actually owns most of the operations.

Russia denies claim it will purchase $50 billion in crypto
Business 18 January 2019

Russia denies claim it will purchase $50 billion in crypto

According to the chair of Russian government’s crypto group, Elina Sidorenko, the Russian Federation – like any other country in the world – is simply not ready to combine its traditional financial system with cryptocurrencies.

Cryptopia hackers stopped by Binance
Business 17 January 2019

Cryptopia hackers stopped by Binance

The Cryptopia cryptocurrency exchange out of New Zealand became the most recent target of hackers. By the time the attack was discovered, thieves had reportedly been able to get away with Ether and Centrality tokens amounting to as much as $3.65 million.

New platform allows companies to pay salaries in crypto
Business 17 January 2019

New platform allows companies to pay salaries in crypto

Companies now have an easy platform through which they can pay their employees using cryptocurrency. Bitwage has teamed up with a payroll company to facilitate crypto payroll payments and already has 45 companies signed up to use the system.

Bitfury ventures into blockchain-powered music business
Business 17 January 2019

Bitfury ventures into blockchain-powered music business

Known as Bitfury Surround, the platform aims to streamline rights management, while providing blockchain tools for better control of the often complex arrangements between artists, management and fans.

US Wire Act muddle creates crypto gambling opportunities
Business 17 January 2019

US Wire Act muddle creates crypto gambling opportunities

Analysts continue to debate the fallout from this week’s news that the DOJ’s Office of Legal Counsel (OLC) has revised its legal opinion of the 1961 Wire Act to include other forms of gambling, not just sports betting.

Maduro proves he has no concept of economics
Business 16 January 2019

Maduro proves he has no concept of economics

Venezuela, led by a former bus driver who took over power following the exit of the country’s former dictator, has not done much to show that the man is capable of handling much more than a steering wheel.

Hack forces Cryptopia exchange offline with mounting losses
Business 16 January 2019

Hack forces Cryptopia exchange offline with mounting losses

The scale of the attack remains unclear for the time being, though there is the suggestion that as many as 19,931 ETH and 48 million Centrality (CENNZ) tokens could have been moved from the exchange, totaling in the region of US$3.65 million.