China’s bitcoin exchanges are closed to local customers, and a “comprehensive ban” is reportedly in the works. In the meantime, China’s bitcoin traders are heading…
IN BLOOM
The best explainer on how blockchains will upend banking comes from an unexpected source
The Bank for International Settlements (BIS) isn’t given to analyzing financial fads. Based in Basel, Switzerland, it’s a “bank for central banks,” so it’s usually…
CLOSING TIME
China’s three biggest bitcoin exchanges will soon halt local trading
China’s two largest remaining bitcoin exchanges, Huobi and OKCoin, announced today they would halt trading services for local customers by Oct 31. This followed a…
CLOSING BELL
The world’s oldest bitcoin exchange is shutting down in China
Shanghai-based BTCC said it would halt trading on its domestic cryptocurrency exchange by Sept. 30, in response to tighter control over trading crypto tokens by…
QZ&A
Ethereum’s inventor on how “initial coin offerings” are a new way of funding the internet
This interview is an extended version of a piece featured in Quartz’s new book The Objects that Power the Global Economy. You may not have…
CRYPTO CASSANDRA
When Jamie Dimon warns against bitcoin, it’s usually a good time to consider buying some
Yesterday, Jamie Dimon, chief executive of JPMorgan Chase, told a conference that he thinks the cryptocurrency bitcoin is a “fraud” and “not a real thing.”…
SIDE HUSTLE
Even if China shuts down cryptocurrency exchanges, bitcoin trading won’t stop
Fresh reports have emerged about an imminent shutdown of cryptocurrency exchanges by Chinese authorities. The Wall Street Journal reports (paywall) that the Chinese central bank…
PANIC STATIONS
China is reportedly closing cryptocurrency exchanges, so bitcoin and ether are crashing
China’s authorities are planning to shut down the country’s cryptocurrency exchanges, a sweeping move that will effectively close the market for trading of all digital…
MAKE A HASH OF IT
A Tokyo-listed company is spending over $3 million to get into bitcoin mining
Correction: An earlier version of this article, including the headline, misstated the amount that GMO announced it would spend to start mining bitcoin. It is…
TRICK OF THE LIGHT
Don’t believe the hype about the tremendous returns on “initial coin offerings”
“Initial coin offerings” (ICOs), a new funding mechanism based on cryptocurrencies, have raised hundreds of millions in minutes this year, outpacing traditional funding mechanisms like…
THAT'S HOT
Paris Hilton, Floyd Mayweather, and The Game all say the future of finance is crypto tokens
Some financial experts may think cryptocurrencies are just a big bubble, but top athletes, musicians, and socialites say otherwise. They’re backing the red-hot “initial coin…
IC-OH-NO!
China has declared the hottest part of the cryptocurrecy market “illegal”
The sale of cryptographic tokens, a market that has boomed this year, has been deemed an “illegal fundraising practice” by China’s central bank. In a…
