21 April 2018

Alternative investments

  • Cryptocurrencies have been impacted this year by fears of a crackdown from regulators and concerns that they have been in a speculative bubble that is now deflating. Photo: Bloomberg

    Cryptocurrency funds down nearly 30 percent in March

    Apr 19, 2018 9:23am
    Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, Reuters reports, citing a new index launched by data provider BarclayHedge. The Barclay...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • Coincheck has not given details of how the January theft, one of the biggest ever of digital money, has affected its business. Photo: Reuters

    Japan’s Monex mulls takeover of crypto exchange Coincheck

    Apr 4, 2018 8:40am
    Japanese online brokerage firm Monex Group Inc. said it is considering buying Coincheck Inc., the cryptocurrency exchange hit by a US$530 million theft of digital money earlier this year, Reuters reports. Monex did not provide any...
  • Top officials of cryptocurrency exchange Coincheck bow during a news conference in Tokyo on Thursday. Photo: Reuters

    Japan punishes 7 cryptocurrency exchanges over control lapses

    Mar 8, 2018 4:52pm
    Japan on Thursday punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection, Reuters reports. Coincheck Inc., one of those punished, said it plans to reimburse from next...
  • A US court has upheld a determination that cryptocurrencies can be deemed as commodities and be regulated as such. Photo: Reuters

    Virtual currencies are commodities, US judge rules

    Mar 7, 2018 8:51am
    Virtual currencies can be regulated as commodities by the US Commodity Futures Trading Commission (CFTC), a federal judge ruled in New York Tuesday. US District Judge Jack Weinstein in Brooklyn ruled that the CFTC had standing...
  • The US Securities and Exchange Commission is seeking 'clearer and more robust disclosure' by firms facing cyber-security issues. Photo: Bloomberg

    US regulator updates guidance on cyber-risk disclosures

    Feb 22, 2018 9:41am
    The US markets regulator on Wednesday updated guidance to public companies on how and when they should disclose cyber-security risks and breaches, including potential weaknesses that have not yet been targeted by hackers, Reuters reports. In...
  • The inquiry into bitcoin and other virtual currencies will consider whether the government is striking the right balance between protecting customers and businesses without stifling innovation. Photo: AFP

    British lawmakers launch inquiry into cryptocurrencies

    Feb 22, 2018 9:13am
    Britain’s cross-party Treasury Select Committee of lawmakers said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology, Reuters reports. The probe will focus on the opportunities and risks posed...
  • News that South Korea’s financial regulator is easing its stance on bitcoin and other cryptocurrencies has given traders confidence to buy, analysts said. Photo: AFP

    Bitcoin nearly doubles in value from year’s low

    Feb 21, 2018 8:48am
    Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial regulator eased its stance on cryptocurrencies, Reuters reports. Choe...
  • Lawmakers are concerned that cryptocurrencies could threaten the US economy. Photo: Reuters

    US Congress sets sights on federal cryptocurrency rules

    Feb 20, 2018 8:58am
    US lawmakers are moving to consider new rules that could impose stricter federal oversight on bitcoin and other cryptocurrencies, Reuters reports, citing several top lawmakers. Bipartisan momentum is growing in both houses of Congress for action...
  • J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, speaks during a Senate banking committee hearing in Washington DC on Tuesday. The panel is looking into issues related to regulation of virtual currencies. Photo: Bloomberg

    Bitcoin bounces back from three-month low in choppy trade

    Feb 7, 2018 9:31am
    Bitcoin bounced back from three-month lows on Tuesday, moving past US$8,000 at one point during the day before settling below that level in volatile trading. On the Luxembourg-based Bitstamp exchange, the virtual currency hit a high...
  • Bitcoin has lost about half its value so far in 2018, as more governments and banks signal their intention for a regulatory crackdown. Photo: AFP

    Bitcoin extends slide, falls below US$7,000

    Feb 6, 2018 8:36am
    Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin...
  • We have already reached the point where a bitcoin crash could have serious global implications. Photo: Bloomberg

    The bitcoin threat

    - Feb 5, 2018 9:27am
    The extraordinary volatility of bitcoin and other cryptocurrencies has become a threat not just to the international financial system, but also to political order. The blockchain technology upon which cryptocurrencies are based promises a better and...
  • JPMorgan is among the US banks that have barred customers from using their credit cards for purchases of cryptocurrencies. Photo: Bloomberg

    Big US banks ban cryptocurrency purchases on credit cards

    Feb 5, 2018 9:15am
    Three major US banks — JPMorgan Chase, Bank of America and Citigroup — announced Friday that they will no longer allow customers to buy cryptocurrencies using their credit cards. Bloomberg cited a JPMorgan spokeswoman as saying...
  • The Ernst & Young study comes amid a cryptocurrency investing craze, with young companies raising hundreds of millions of dollars online to fund their projects. Photo: Bloomberg

    Over 10% of US$3.7 billion ICO proceeds stolen: Ernst & Young

    Jan 23, 2018 9:05am
    More than 10 percent of funds raised through “initial coin offerings” are lost or stolen in hacker attacks, Reuters reports, citing new research by Ernst & Young. The professional services firm analyzed more than 372 ICOs,...
  • South Korea is a crucial source of global demand for cryptocurrency. Photo: Reuters

    South Korea plans to ban cryptocurrency trading, rattles market

    Jan 11, 2018 4:53pm
    South Korea on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax...
  • Bitcoin and other cryptocurrencies are headed for trouble, according to Warren Buffett. Photo: Reuters

    Cryptocurrencies ‘will come to a bad end’, says Buffett

    Jan 11, 2018 9:23am
    Legendary investor Warren Buffett said on Wednesday that he will never invest in cryptocurrencies, and suggested that units such as bitcoin are destined for a crash once the current mania ends. “I can say almost with...
  • Bitcoin investors and analysts believe last week’s decline in the value of the cryptocurrency was a natural correction after a heady run-up in prices. Photo: Reuters

    Bitcoin recovers some losses after its worst week since 2013

    Dec 27, 2017 9:05am
    Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digital...
  • As investors pile into bitcoin amid a speculative frenzy, it is putting the systems of trading platforms under severe test. Photo: Reuters

    Bitcoin mania puts exchanges under severe strain

    Dec 14, 2017 9:51am
    As bitcoin mania continues, taking the virtual currency to new peaks, a huge spike in investor activity is putting stress on trading platforms and giving rise to various problems including hacker attacks. On Tuesday, one of...
  • Technical analysis suggests that bitcoin could easily surge above the psychologically important level of US$20,000 this year. Photo: AFP

    Bitcoin reaches new peak after futures launch

    Dec 13, 2017 8:58am
    Virtual currency bitcoin hit another all-time peak, two days after the launch of the first ever bitcoin futures on a US exchange and ahead of the start of another futures contract next week, as investors grew...
  • Bitcoin has surged fifteen-fold so far this year amid frenzied speculative bets on the digital currency. Photo: Reuters

    Bitcoin surges above US$16,000 as bubble fears grow

    Dec 8, 2017 8:53am
    Bitcoin surged past US$16,000 for the first time on Thursday, spiking more than US$3,000 within a span of 24 hours, as investors continued to place frenzied speculative bets on the cryptocurrency.  The digital currency topped out at...

EJI Weekly Newsletter

Please click here to unsubscribe