It was a good day for bitcoin, CNBC reported. In late morning trading on Monday (Feb. 26), the cryptocurrency jumped to nearly $10,300. While there didn’t seem to be an apparent reason for the gains, the currency climbed close to $1,000 over 24 hours on...
The man who had claimed to be the founder of bitcoin is being sued for allegedly stealing $5 billion of bitcoin from his former business partner. Craig Wright, who had said he was Satoshi Nakamoto, faces the suit in a Florida court, The Verge reported....
The European Union (EU) announced news on Monday (Feb. 26) that it’s willing to step in and regulate cryptocurrencies if the risks associated with digital tokens aren’t addressed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bitcoin investors may be losing money, but the companies that support this burgeoning market aren’t. Bitmain, a Chinese company that makes bitcoin mining hardware and operates a mining farm, raked in between $3 billion and $4 billion in profits last year. Get the Full Story...
Of the initial coin offerings that blasted onto the scene in 2017 along with the price of bitcoin, 46 percent have failed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
It wasn’t to be: Bitcoin’s rally has seemingly come to an end, MarketWatch reported. The world’s most popular cryptocurrency fell below $10,000 after nearly reaching $12,000. According to Coindesk, it reached $9,604.84 as of 8:14 P.M. Get the Full Story Complete the form to unlock...
Enterprise blockchain for global payments provider Ripple announced Wednesday (Feb. 21) that interest in its network has accelerated globally, and the company has surpassed more than 100 members. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. 21). The commission alleges BitFunder and Founder Jon E. Montroll operated an unregistered online securities exchange and defrauded its...
The age of cryptocurrencies is in its nascent stage, but is fully upon us. And, as with any new industry, there are growing pains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
