Nordea’s Bitcoin Ban Leaves Financial Regulator Taking Back Seat
February 19, 2018

As Nordea Bank AB blazes a trail in Europe by banning its employees from trading Bitcoin and other cryptocurrencies, the regulator is taking a back seat in a decision-making process it says is better left to the industry.

Sweden’s Financial Continue reading

Coincheck Says It Lost Crypto Coins Valued at About $400 Million
January 30, 2018

The disclosure that one of Japan’s biggest cryptocurrency exchanges lost about $400 million in NEM tokens is spooking investors in a country still wary of such venues four years after the collapse of Mt. Gox.

After hours of speculation Friday Continue reading

Bitcoin Storms Back From Dip Below $10,000 in White-Knuckle Ride
January 27, 2018

Bitcoin’s wild start to 2018 turned breakneck on Wednesday, with the largest cryptocurrency plunging below $10,000 for the first time in six weeks before staging a rally to trade virtually unchanged.

The gyrations took the digital token across a trading Continue reading

Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
December 27, 2017

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000.

“We didn’t like market Continue reading

Banks Pine for Loan Growth as Clients Wait on Trumps Promises
October 19, 2017

President Donald Trump’s pledges to overhaul taxes, trade, infrastructure and health care may thrill some corporate leaders, but it’s causing many to delay expansions. That’s bad for banks.

Lending growth probably decelerated for a fourth straight quarter in the three Continue reading

A Crypto Fund King Says Bitcoin Will Be the Biggest Bubble Ever
October 5, 2017

Mike Novogratz is reinventing himself as the king of bitcoin.

The swaggering macro manager who flamed out at Fortress Investment Group LLC is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. Novogratz Continue reading