BitPrime calls on crypto community for cash

BitPrime calls on crypto community for cash
BitPrime CEO Ross Carter-Brown said the crypto crash was "only a blip on the radar" in terms of long-term growth. (Image: BitPrime)
Dan Brunskill
Cryptocurrency retailer BitPrime is crowdsourcing a stop-gap recapitalisation of its business while it works through a more permanent solution. The New Zealand-based business was forced to halt trading last week after the crypto market crash led it to run out of funds it uses to buy currencies on behalf of customers. Now it's appealing to those same customers to provide enough financial support to allow BitPrime to resume trading and cover its costs – including keeping staff on the payroll.Chief executive Ross Carter-Br...

More Markets

Shipping giant takes over NZ ocean freight firm Armacup
Markets

Shipping giant takes over NZ ocean freight firm Armacup

Armacup CEO Mark Ching steps down after 18 years.

Auckland Airport's new cargo precinct should ease strain
Markets

Auckland Airport's new cargo precinct should ease strain

Auckland International Airport (AIA) says a new cargo precinct should take some strain off roads and has today reported a big increase in some fresh produce freighted in summer.Overall, fruit and vegetable air freight was up 34% in December, January and February compared with the...

Being AI divests from education
Markets

Being AI divests from education

The AI company says the move was needed to take $3.9m in liabilities off its books.