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U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday.

The U.S. stock market rally this year is so narrow that the S&P 500 index's gains have been entirely driven by just a handful of stocks, which are now significantly more expensive than more than 95% of the broader market.

Switzerland's central bank has successfully used digital currency to settle transactions involving five commercial banks, the Swiss National Bank said on Thursday, the latest trial of the technology in wholesale markets.

The regulator for DIFC, Dubai's state-owned financial free zone and the Middle East's major finance centre, has released the first part of a regulatory framework for digital tokens aimed at opening up trading of the fast-growing asset class.

China's market regulator will take steps to boost support for private firms in their efforts to improve quality and efficiency and promote fair competition by strengthening supervision, it said on Tuesday.

Thomson Reuters Corp is launching a $100 million venture capital fund to invest in early stage companies that serve professional audiences in the legal, tax and accounting, and news media business.

Oracle opened the first of two planned public cloud centres in Israel on Wednesday, enabling companies and other Israeli customers to keep their data on local servers rather than rely on other countries.

Cryptocurrency analytics firm Elliptic said on Monday it had raised $60 million from investors including SoftBank and Wells Fargo Strategic Capital, the latest blockchain analytics firm to attract mainstream investment.

New rules will be needed to deal with operational risks from banks relying on outsourced 'cloud' computing from Amazon, Google, Microsoft and others for providing services to customers, the Bank of England said on Friday.

Ireland is part of major cryptocurrency exchange Binance's plans to establish a number of headquarters across the world, its CEO told Reuters on Thursday.