Is investing in bitcoin fundamentally bad for the progress of the economy? That is the question posed in a recent New York Times piece, noting that the activity of mining bitcoin alone has huge costs in terms of power and comes as an expensively extracted...
Bitcoin may soon rise again – to $11,000, Coindesk reported. The popular digital currency rose to a high of $10,443 on Monday (Feb. 26). A nearly 30 percent rise in trading volumes – according to CoinMarketCap – helped to fuel that increase. As of Tuesday at...
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...
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...
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...
