Bugatti and Rimac Automobili are good technology fit: Porsche AG’s CEO

In a development that further fuels speculation of an impending deal between Volkswagen’s supercar brand Bugatti and electric hypercar maker Rimac Automobili, Porsche AG’s CEO told German weekly Automobilwoche that both companies make a good technological fit. Last year, British automotive magazine Car had reported that VW was on the brink of selling Bugatti to…

Vertex Ventures sinks in undisclosed amount in Hong-Kong based cryptcocurrency exchange Binance

Th investment is aimed at enabling Binance to launch a cryptoexchange in Singapore by the end of 2018. On Tuesday, Singapore state fund Temasek backed Vertex Ventures has invested in Binance – one of the world’s biggest cryptocurrency exchanges – as it prepares to expand operations into the city-state. In a joint statement, the firms…

South Korea to impose measures to reign in runaway speculation in Bitcoin

Among the measures South Korea will take is baning the anonymous opening of cryptocurrency accounts; the measures will also have legislative backing. On Thursday, the South Korean government said, it will impose additional restrictions in order to reign in wild speculation in Bitcoin, a cryptocurrency, that is being traded within the country. “The government had…