The Bank of Finland said that digital currencies like the Bitcoin cannot be considered an official currency but is more comparable to a commodity, Bloomberg reported.
Regions
Penn State's moon mission team launches $400K crowdfunding campaign
In a bid to bring home the $20 million prize money in the Google Lunar X Prize competition, Penn State launched a crowdfunding campaign on Rockethub to raise $400,000 by February to build its own moon rover prototype.
Hedge funds increasingly betting on tech- report
An increasing number of hedge funds like Coatue Management are looking for opportunities to invest in the private markets, pouring money in technology startups, TechCrunch reported.
Malaysia to relax foreign auto restrictions to lure in investments
Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.
Ukraine-based ad serving firm Epom snags $7M in private investment pool
Epom, an ad serving and ad management solutions provider, said it received $7 million in a private investment pool for product improvement and new product development.
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Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.
New York, US-based public holding company RCS Capital Corp entered a deal to buy Atlanta, Georgia-based investment banking firm JP Turner & Company for an undisclosed sum.
Private equity giant Warburg Pincus LLC will be acquiring a majority stake in Source, an asset management firm based in London for an undisclosed amount, Bloomberg reported.
Toronto, Canada-based commercial real estate services firm Avison Young bought Columbus, US-based firm PSB Realty Advisors for an undisclosed amount and opened a new office there.
Henrique de Castro, Yahoo's No. 2 chief who recently got fired, received a much higher compensation than other executives and even his boss Marissa Mayer when he was hired in 2012.
London-based team scheduling startup Resource Guru has raised $870,000 in a seed funding round led by Index Ventures to expand its workforce, product, and client base.
Wisconsin-based firm Salon Management Enterprises has acquired Fantastic Sams' seven hair grooming outlets in the Fox Cities and Green Bay region for an undisclosed sum, to be upgraded and re-branded to its NewStyle Salons brand.
The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.
After saying no to an informal acquisition bid worth $100 million from AOL last year, Business Insider is likely set to raise new funds from its existing backers, re/code reported.
