Like companies caught up in the 1990s dot-com bubble, the head of Goldman Sachs’ Global Investment Research unit believes most cryptocurrencies will likely fail and end up having no value. In an note, Steve Strongin said that most of today’s cryptocurrencies are “unlikely” to make...
As the price of bitcoin plummets, Treasury Secretary Steven Mnuchin is teaming up with other agencies to regulate cryptocurrencies, CNBC reported. “The Treasury secretary has been out in front on this. He’s formed a virtual currency working group of ourselves, the SEC, the Fed” and the Financial...
North Korea hacked into South Korean cryptocurrency exchanges last year, and the country still hasn’t stopped trying to steal digital coins, South Korea said, according to Reuters. “North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole (cryptocurrency)...
It’s been a brutal week for bitcoin so far — and it’s only Tuesday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Bitcoin’s valuing is sinking and credit card companies are not helping, with the list of issuers banning bitcoin growing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The second-largest U.S. bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
With the growth of cryptocurrency, criminals are beginning to commit crypto crimes. Cybercriminals have come up with several techniques to steal digital coins, from “cryptojacking” to mining fraud and even account takeovers, Reuters reported. Through “cryptojacking,” for example, cybercriminals may take over a computer user’s...
Following comments from India’s minister of finance on cryptocurrency and potential price manipulation at a major cryptocurrency exchange, bitcoin dropped below $9,000 in trading on Thursday (Feb. 1) — a critical level. The cryptocurrency tumbled to $8,810 in late morning trading, CNBC reported. But, by 12:12 P.M., bitcoin rebounded...
People across the world could be mining a cryptocurrency – and not even know it, Forbes reported. Hackers are breaking into computers and smartphones and installing malware that forces the devices to mine Monero, which is attractive because of that currency’s anonymity and the fact...
