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CNN, FORTUNE, MONEY, BUSINESS 2.0 and Fortune Small Business magazines offer business news and financial market coverage updated throughout ...

  • Bitcoin is down 66%. But it still may be the future of money

    Bitcoin is down 66%. But it still may be the future of money

    money.cnn.com 10 Jul '18, 3pm

    What is an Initial Coin Offering? The bubble may have burst for bitcoin and other cryptocurrencies. The price of one bitcoin (XBT ) is now hovering around $6,400. That's a more than 50% drop in 2018 and a 66% plunge from the all-time high of just under $20,000 that bitcoin hit in late...

  • Uber-Grab merger may have to be unwound, Singapore says

    money.cnn.com 05 Jul '18, 5pm

    The merger of Uber's operations in Southeast Asia with those of rival Grab may have broken competition law and could be reversed, a Singapore regulator said Thursday. Grab's acquisition of Uber's operations in Singapore in March has "led to a substantial lessening of competition" in t...

  • Bitcoin could 'bring the internet to a halt,' banking group warns

    money.cnn.com 18 Jun '18, 7am

    The U.S. town where Bitcoin thrives Don't bet on bitcoin ever replacing the dollar or other traditional currencies as everyday money. That's one of the messages from a new report by an organization that represents dozens of the world's central banks. The group, Switzerland-based Bank ...

  • Cargo wants to turn Grab and Uber cars into vending machines

    money.cnn.com 05 Jun '18, 10am

    Self-driving taxis hit the streets in Singapore Forget your sunscreen on the way to the beach? Your Uber ride could save you a trip to the drugstore. Cargo, a New York-based company founded in 2016, equips ride-hailing drivers with boxes of snacks, drinks and beauty products to offer ...

  • Singapore: Malaysia ditches plans for high-speed rail link

    money.cnn.com 29 May '18, 8am

    Malaysia's new leader is ditching a planned high-speed rail link with Singapore that would have cost billions. The move raises questions about the country's commitment to other big infrastructure projects, including those being pushed by China. Prime Minister Mahathir Mohamad announce...

  • Bitcoin price plunges following Coinrail exchange hack

    money.cnn.com 11 Jun '18, 5pm

    Forget bitcoin, these are the 8 craziest cryptocurrencies A cyberheist at a little-known virtual currency exchange helped wipe billions of dollars off the value of bitcoin and other digital currencies. The price of bitcoin slumped more than 7% after South Korea's Coinrail announced th...

  • Bitcoin prices have been manipulated, study says

    money.cnn.com 13 Jun '18, 5pm

    Bitcoin buying is like 'trading turds' Bitcoin's remarkable run last year may have been smoke and mirrors. Tether, another digital currency tied to the US dollar, was used to artificially inflate bitcoin prices, according a study released Wednesday by the University of Texas. John Gri...

  • This Singapore startup is taking on the big beauty brands

    Allies of Skin: Singapore startup takes on the big beauty brands

    money.cnn.com 16 Apr '18, 8am

    How this skincare brand got noticed in a crowded market Beauty is a multibillion-dollar global business dominated by a few massive brands. Competing with the likes of L'Oreal (LRLCF ) , Estee Lauder (EL ) and Shiseido (SSDOF ) is tough, especially for smaller companies. But one Singap...

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