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Bank of International Settlements head Agustin Carstens.

Central bankers claim bitcoin could break the internet — the crypto world thinks they’re missing the point

The Bank of International Settlements on Sunday said bitcoin is "a poor substitute for the solid institutional backing of money." Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn't be judged yet.
Former Apple CEO Steve Jobs pictured in 2001.

The crypto boom is like the dotcom bubble but that’s not a bad thing: ‘Selling crypto now is like selling Apple in 2001’

Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. But those that do survive have the potential to be huge, he believes.
Musician Imogen Heap arrives at the 52nd Annual GRAMMY Awards held at Staples Center on January 31, 2010 in Los Angeles, California.

Grammy Award-winning musician Imogen Heap is using ethereum and the Harry Potter musical to fund her blockchain project

Heap wants to create a blockchain-based app that will allow musicians to store all the information about their work in one place. Currently, no central repository exists for information like publishing rights, recording rights, and composition rights.
Tether is meant to be 'tethered' to the value of the US dollar.

Everything you need to know about Tether, the cryptocurrency academics claim was used to manipulate bitcoin

Tether is in the frame again after a paper from the University of Texas at Austin claiming it was used to manipulate the price of bitcoin.
A "Mining rig" computer server is pictured in Bitminer Factory in Florence, Italy, April 6, 2018.

A crypto mining company is listing on the London stock market

Argo Blockchain plans to raise £20 million through an IPO on the London Stock Exchange. The company is launching a subscription service to let people mine cryptocurrencies through their phones or computers.
Dr Lewis Z. Liu, cofounder and CEO of Eigen Technologies.

Goldman Sachs is backing a London startup that uses AI to read complex legal documents

Eigen Technologies uses AI to read and analyse complex contracts and documents in fields such as law and finance. Goldman already uses Eigen, as do Linklaters, ING, and Evercore.
Traders are keen to take advantage of the crypto arbitrage trade.

A small startup is developing a tool to make money from ‘insane’ cryptocurrency spreads — and hedge funds are interested

Arbitraj LLC has built a tool to allow people to compare price spreads of cryptocurrency exchanges and is working on a trading tool to take advantage of them. The early-stage company has been approached by hedge funds keen to take advantage of the opportunity.

Crypto exchanges are expanding their services

The crypto industry has taken some hits since the beginning of 2018, with Bitcoin’s price dropping over 60% earlier this year and initial coin offerings (ICOs) experiencing slowing activity.
Coya's founders and management board Sebastián Villarroel, Dr. Peter Hagen, Andrew Shaw, Laura Kauther and Thomas Münkel infront of the Coya Office in Berlin-Kreuzberg.

Peter Thiel’s investment firm is doubling down on a German insurance startup

Peter Thiel's Valar Ventures has led a $30 million funding round for Coya, a Berlin-based startup trying to build a digital insurance platform pitched at millennials.
A sign is seen in a restaurant where a Bitcoin ATM is located in Toronto, Ontario, Canada June 3, 2017.

Universities are starting to invest in crypto, according to an industry lawyer

"We’re seeing some academic institutions getting involved on a limited basis for strategic reasons," said John Lore, the founder pf Capital Fund Law Group. The group has advised around 30 crypto hedge funds on setting up.