The dominant name in cryptos slipped through an important psychological threshold, making the break below $10,000 for the second time within a week’s span. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
South Korean crypto enthusiasts will no longer be able to use anonymous bank accounts for coin trading starting on January 30th. The move was designed by regulators to make bitcoin a less useful tool for money laundering and other financial crimes. Get the Full Story...
While many companies are clamoring for investors, Coinbase is having the opposite problem: It has so many people lining up to invest, it is actually turning them away. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Cryptocurrency exchanges in South Korea will be gearing up for a massive tax bill as the country seeks to clamp down on its booming digital currency sector, Fortune reports. According to an official in the finance ministry, exchanges with more than 20 billion won ($18.8...
Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. 22), according to news from Reuters. Get the Full Story Complete the form to unlock...
In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. Get the Full Story Complete the form to unlock this article...
In what could be the largest investment of its kind in a blockchain-related firm, a French startup that makes hardware wallets for cryptocurrencies has raised $75 million in a Series B round of funding, CNBC reported. The investment surpasses funding for BitGo and blockchain, which achieved...
The looming specter of regulatory crackdowns in South Korea on bitcoin and other cryptocurrencies may leave one population collectively shrugging: crypto traders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
As bitcoin crashed Wednesday, one cryptocurrency remained surprisingly stable. Tether prices have stayed steady since Tuesday, after reaching an all-time high of $1.07 (£0.78) just after 3 a.m. on Wednesday, Express reported. Remarkably, Tether’s market capitalization also gained more than $100 million on Tuesday in...
