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The Future Of Money

A hub of the latest news, tools and innovations in fintech

Reuters Focus

MORE THE FUTURE OF MONEY NEWS

New tokens thrive in crypto market but sales raise questions

Initial exchange offerings (IEOs) have been the latest darlings in raising funds for cryptocurrency projects, but intensifying regulatory scrutiny and investors' concern about the viability of the companies raising capital are flashing red flags.

Explainer: Initial exchange offerings flourish in crypto market

Initial exchange offerings (IEOs) are currently the most popular fundraising trend in the cryptocurrency industry, which has seen poster child bitcoin surge more than 150% in 2019. As the name suggests, initial exchange offerings are conducted over crypto trading platforms and exchanges.

Facebook logo is seen on representations of virtual currency in this...

U.S. lawmaker calls for Facebook to pause cryptocurrency project

A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security.