Soros’ investment fund bought a large amount of stock in Overstock.com, a company that has seen its share price surge after announcing a cryptocurrency trading product. Soros Fund Management held 2,472,188 shares in Overstock at the end of the fourth quarter of 2017, making it the third-largest shareholder. The fund also completely sold its holding in Facebook after Soros had previously branded the social media company a “menace”.
The Saudi Arabian Monetary Authority (SAMA) is the second biggest banking institutions to adopt blockchain technology after the Bank of England.
Citigroup subsidiary Citibank India has banned its customers from using both credit and debit cards for purchasing and trading in cryptocurrencies.
Five banks in the Philippines are teaming up to use Visa’s blockchain-based payment system, according to a report.
U.S. online news publication Salon has adopted an unconventional alternative to ads to make money — using a reader’s computing power to mine cryptocurrency.
Atari has become the latest company to pivot to cryptocurrency, launching a digital coin in a bid to revive the gaming pioneer’s fortunes. Atari, the creator of some of the most iconic video games consoles of the 1970s and 80s, is to launch “Atari Token”, its own cryptocurrency.
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