GSR Partners With Canaan-Backed Startup to Offer Crypto Miners Derivatives

Liquidity provider GSR is introducing derivative products to help crypto mining companies hedge their risks against price volatility after partnering with Interhash, a mining services startup backed by Canaan Creative.  The companies announced on Friday that a new set of derivatives contracts, including swaps, would help miners manage their risks when running operations in 2020, … Read more

Federal Reserve Governor Lael Brainard: Any Global Payments Network Must Meet High Legal Threshold 

As she welcomed Benoît Coeuré to his new position as Head of the Bank for International Settlements’ (BIS’) Innovation Hub, U.S. Federal Reserve governor Lael Brainard told regulators convening in Frankfurt Wednesday that private (crypto) currency networks pose risks that must be addressed. Brainerd, who holds an MS and a Ph.D. in economics from Stanford … Read more

Anti-Human Trafficking Agency Traces Crypto to Fight Modern-Day Slavery

Cryptocurrency could be a game-changer for combating crime, a notion illustrated by CipherTrace’s newly formed partnership with the Anti-Human Trafficking Intelligence Initiative (ATII). CipherTrace, a leader in blockchain security, has announced that it will join forces with ATII to use crypto analytics to advance the organization’s goal of combatting global human trafficking. Pamela Clegg, CipherTrace’s … Read more

Iran’s President Promotes a Cryptocurrency for Muslim World at Malaysian Summit

“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime,” Iranian h told leaders from the Muslim world gathered at the Kuala Lumpur Summit in Kuala Lumpur, Malaysia, Thursday, Dec. 19. Leaders from Turkey, Iran, Qatar, Indonesia and Malaysia were present at … Read more

Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

Reginald Fowler, one of the individuals accused of running a “shadow banking” service for cryptocurrency startups, is expected to plead guilty to at least some charges during a court hearing next month. According to a letter written by Assistant U.S. Attorneys Jessica Fender and Sheb Swett on behalf of U.S. Attorney Geoffrey Berman, “it is … Read more

This SoftBank-Backed Startup Sought to Disrupt the Car Market. Instead, It Became a Poster Child for Disruption Gone Awry

We’ve come to “liberate” the employees from “prison” of Ford Motor Co., Scott Painter declared to the room. It was July 2019, and Painter was speaking at the first all-hands meeting after his car-leasing startup Fair had agreed to acquire competitor Canvas from Ford. Painter at times came off as a great salesman—and at times … Read more

5 CEO Exits That Sum Up the Memorable Business Year That was 2019

We’re not even finished with 2019 and it’s already proving to be a record year for CEO turnover. So what’s behind the revolving door that’s spinning and spinning at corporate headquarters these days? Andrew Challenger, a vice president at the executive outplacement Challenger, Gray & Christmas, points to several key factors. Certain industries are undergoing … Read more