Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
NEW YORK, June 27 (Reuters) - Overstock.com subsidiary tZERO said on Thursday it has launched a digital wallet and exchange app for cryptocurrencies.
Investors who want to participate in the global cryptocurrency market will be able to buy, sell and hold these digital assets directly through the tZERO Crypto App on their mobile phone, rather than using more vulnerable, third-party exchanges for custody, tZERO said in a statement.
tZERO is focused on the development and commercialization of blockchain, the technology that underpins bitcoin and cryptocurrencies in general. Blockchain is a shared database that is maintained by a network of computers connected to the internet.
Cryptocurrencies are back in the spotlight amid a scorching price rally this year, led by bitcoin, which has soared more than 270% so far in 2019. After hitting an 18-month high past $13,000, bitcoin last traded up 6.7% at 12,545.02.
"One of my goals since I joined the company is to provide an intuitive user experience on both mobile and the web to trade all digital assets, including cryptocurrencies," tZERO Chief Executive Officer Saum Noursalehi told Reuters in a phone interview.
"The new app will become the foundation of trading all digital assets for tZERO, whether it's art, real estate, or private companies," Noursalehi said.
The initial release of the app will support bitcoin and ethereum purchases.
tZERO said it committed to compliance and safety and will utilize biometric authentication for added security and ease of use.
Investors will also have access to tZERO's private key recovery system to restore their funds and cryptocurrencies in the event that they lose their private keys or mobile phone.
"As you know, exchanges have gotten hacked before," Noursalehi said. "What's different in our case is that the tokens will be stored on your phones with your private keys, which we think is more secure." (Reporting by Gertrude Chavez-Dreyfuss; Editing by Cynthia Osterman)