David Jones

David Jones is a Newark, N.J.-based journalist with experience covering fintech, banking, business travel and other stories. He has written for a number of leading newspapers, technology sites and wire services.

Stories by David Jones

IDEO CoLab Unleashes $21 Million Early Stage Crypto Fund
IDEO CoLab Ventures, which has been investing in blockchain firms since 2018, has announced a $21 million fund specifically for early stage crypto firms. So far, the fund has invested in and helped incubate more than 30 crypto and blockchain startups. IDEO CoLab Ventures is backed by design company IDEO as well as GS Group, Hansha Asset Management, Fineqia International, and Avanta Ventures (the venture capital arm of CSAA Insurance Group). Executives from Coinbase, Twitter, and Fortress have a...
NewsBusiness
2 min read
David JonesOct 27, 2020
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Fireblocks Hits $150 Billion Milestone, Plots European Expansion
Fireblocks, an enterprise-grade digital asset platform, announced plans to expand its European operations into two key markets and said that more than $150 billion in digital assets from institutional customers, including banks, trading desks, hedge funds, and other players have been transferred on its platform. The company will launch new operations in France and Germany, expanding beyond its London-based UK operations, where it currently leads its European business. The move, coming just wee...
NewsBusiness
2 min read
David JonesOct 27, 2020
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Marathon Buys More Antminers to Become Top US Bitcoin Miner
Marathon Patent Group Inc., a leading self-mining firm in the Bitcoin space, has entered a contract with Bitmain to buy another 10,000 next-generation Antminer S-19 Pro ASIC Miners. Marathon said the agreement would give the company 23,560 miners, "making it the largest self-miner in the region with a total hashrate of 2.56 EH/s." That would place it in the top 15 mining groups worldwide. The agreement marks the latest in a series of recent by Marathon to boost mining capacity, and comes at a t...
NewsCoins
3 min read
David JonesOct 26, 2020
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FinCEN, Fed Reserve Want Changes to ‘Travel Rule’ Reporting
The Financial Crimes Enforcement Network [FinCEN] and the Federal Reserve are seeking industry input on proposed changes under the Bank Secrecy Act that would lower the threshold for reporting international fund transfers. The proposed changes to the “Travel Rule” would require money transmitters to collect, retain, and transfer certain information on international fund transfers as low as $250, which is well below the existing threshold of $3,000. The proposal would also clarify regulations to...
NewsTechnology
2 min read
David JonesOct 23, 2020
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Buying Bitcoin Is Like Investing Early in Tech, Says Paul Tudor Jones
Billionaire hedge fund manager Paul Tudor Jones is warming up to the rapidly evolving Bitcoin market. In an interview with CNBC this morning, Jones said the crypto asset is an attractive hedge against inflation and spoke highly of the growing community of investors that have entered the space. Jones, the founder of Tudor Investment Corp., told CNBC that we are still in the very early stages of the Bitcoin evolution, but after dipping his toe in the market earlier this year, he’s grown more comf...
NewsBusiness
2 min read
David JonesOct 22, 2020
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Wirex Sets US Launch Date for Crypto Debit Card
Wirex, the London-based crypto-native payments platform, has signed up more than 10,000 people to its multi-currency Mastercard since opening the waitlist this morning, a company spokesperson said. And the firm is now poised to launch a single currency Visa crypto debit card in the US in December. The company, which is the first crypto-native partner for Mastercard, today began signing up new customers for the card’s EEA rollout. It will begin distribution of the multi-currency debit card in th...
NewsBusiness
3 min read
David JonesOct 21, 2020
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Bitcoin Trajectory Should Approach Gold-like Status: Report
As the stock market continues on a course of volatility, investors are approaching Bitcoin in a similar way to assets like gold, according to a report by Bloomberg. Based on historical trends, the price of Bitcoin is now on track to reach the $100,000 mark by 2025. The report, the Q4 Edition of the Bloomberg Crypto Outlook, shows that Bitcoin is likely to benefit from an increasingly volatile stock market and be treated as a store of value, like precious metals. “In a year where U.S. equity pr...
NewsCoins
3 min read
David JonesOct 15, 2020
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$420 Million in Bitcoin Flees BitMEX Following Federal Charges
The Bitcoin exodus from BitMEX continued Friday afternoon as traders continued to withdraw funds from the world’s fifth-largest crypto derivatives exchange. The move follows a series of charges laid out against the firm by federal prosecutors in New York. Updated figures from analytics firm Glassnode shows that traders have withdrawn almost double the amount Decrypt reported earlier this morning, for a total of nearly 40,000 BTC since the case was announced Thursday. That’s around $420 million...
NewsBusiness
2 min read
David JonesOct 2, 2020
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Diginex Becomes First Crypto Exchange Operator Listed on Nasdaq
Diginex will soon become the first listed company on the NASDAQ with a cryptocurrency exchange, following the completion of its merger with 8i Enterprises Acquisition Corp., a special purpose acquisition firm. Hong Kong-based Diginex Ltd. said it raised $50 million, including a private raise prior to the listing as well as cash remaining in the special purpose acquisition company. The firm will trade on the NASDAQ under the ticker symbol EQOS, while its warrants will trade under the ticker EQOS...
NewsBusiness
3 min read
David JonesOct 1, 2020
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