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

Rocket Lab looks to raise up to US$500 million
Markets

Rocket Lab looks to raise up to US$500 million

The money will fund acquisitions and general corporate and working capital purposes.

The who’s who of NZME’s board hopefuls
Markets

The who’s who of NZME’s board hopefuls

Who are the players causing ripples in investor and media circles?

Duke pins recovery hopes on lower interest rates
Retail

Duke pins recovery hopes on lower interest rates

The Briscoe Group chief said he is ‘thrilled to bits’ with the full-year result.

NZSA waves red flags over NZME 'takeover by stealth'
Markets

NZSA waves red flags over NZME 'takeover by stealth'

Billionaire's bid to 'transfer control' of media company raises ire of NZSA.