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Eric Lam

Stories by Eric Lam

Deals

Taiwan’s CoolBitX secures $16.75m Series B led by SBI Holdings

The round values the Taiwanese blockchain security company at $91 million.

Deals

Fidelity acquires stake in HK crypto firm BC Group

The acquisition makes Fidelity a substantial shareholder with a 5.6% position.

People

Former Jefferies Asia CEO joins crypto firm Block.one

Michael Alexander will head Block.one’s venture capital arm, with a focus on developing projects that rely on the firm’s EOSIO blockchain software

IPOs & Markets

Cryptocurrencies shed $46b after hacking at South Korean exchange

Enthusiasm for virtual currencies has waned partly due to a string of cyber heists, including the nearly $500 million theft from Japanese exchange Coi

Deals

BAIC, Daimler to build $1.9b Mercedes Benz plant in China

The new factory will manufacture various Mercedes-Benz products in China, including new energy electric vehicles.

IPOs & Markets

Bitcoin slide sees $44b of market value erased in January

This is the biggest one-month loss in dollar terms in the short history of digital assets.

IPOs & Markets

Bitcoin guns for $10,000 as cryptocurrency mania intensifies

Bitcoin has climbed more than 40 percent over the past two weeks.

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