Thursday, 18 October 2018

In 1999 former Goldman Sachs investment banker Oki Matsumoto launched an online brokerage with some clear goals in mind: to create an ideal future for personal finance and to encourage Japanese who are hoarding their savings to actively invest.

U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T (N:T), accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.

Tether, the digital currency that is purported to be backed by U.S. dollars, has been surging in trading — with daily trading volume around $3 billion, behind only bitcoin. But the problem, according to the Wall Street Journal, is that there isn’t any evidence to back the claim that it’s tied to U.S. dollars.

We live in interesting times, Satoshi Nakamoto, if you are listening. The world’s largest maker of bitcoin mining chips is hoping to raise $18 billion in what could be one of the largest IPOs in history, it was reported this week.

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