As regulators in the U.S. and South Korea clamp down on cryptocurrencies, and investors question the stability of digital coins, bitcoin may see its worst monthly decline in value since January 2015. As of 2:02 P.M. on Wednesday (Jan. 31), bitcoin was trading at $9,975.42,...
While interest in digital coins may be surging, Facebook is not interested in running cryptocurrency ads, according to Recode. The social networking site will ban ads that promote “financial products and services frequently associated with misleading or deceptive promotional practices.” Beyond its own app, Facebook...
Bitcoin has yet another naysayer. This time, it’s Starbucks’ executive chairman and former CEO, Howard Schultz, who doesn’t believe the cryptocurrency is “legitimate.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Like the rise of cryptocurrencies, interest in a new trading app that will allow users to trade bitcoin and Ethereum has surged, CNBC reported. After Robinhood announced that it will allow no-fee cryptocurrency trading beginning in February, more than 1 million people have joined the waitlist to...
Coincheck, one of Japan’s largest cryptocurrency exchanges, will reimburse customers up to ¥46.3 billion ($426 million) due to a hack it suffered last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The taxman cometh. And the cryptos plummet. 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 Today. By completing this form, you agree...
In possibly the latest crime involving cryptocurrency, U.S. regulators say that a Nevada company and two involved individuals allegedly defrauded more than $6 million from customers seeking to buy a virtual currency called My Big Coin, Reuters reported. The U.S. Commodity Futures Trading Commission filed...
Due to bitcoin’s volatility and lengthy transaction times, Stripe has decided to end support for the popular cryptocurrency, TechCrunch reported. Those seeking to use bitcoin on Stripe still have a bit of time – the policy will not take effect immediately, as the company plans to...
Four years after Stripe began accepting bitcoin, the payments platform has decided to end support for the popular cryptocurrency. The company said bitcoin’s volatility and lengthy transaction times led to its decision, TechCrunch reported. Get the Full Story Complete the form to unlock this article...
