Square’s stock fell almost 4 percent on Monday (April 30), after a short seller tweeted that the company’s bitcoin efforts might be overhyped, CNBC reported. “SQ-Cash to BTC trading has been insignificant,” Citron Research tweeted. “Even w/ hyper growth still 40% too rich.” In addition, the...
The Federal Reserve Bank of St. Louis isn’t buying into the belief that because bitcoin isn’t tied to a real-world commodity, it shouldn’t have any monetary value. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
It didn’t get to $10,000. That might be the headline news about bitcoin. But then again, it wasn’t $6,000 either. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Bitcoin is pushing against the upper limits of its supply, CoinDesk reported. The 17 millionth bitcoin was expected to be mined on Thursday (April 26). That’s only a few million less than the 21 million bitcoins that can be mined under the cryptocurrency’s current limits....
The Winklevoss twins are turning to Nasdaq to keep an eye out for trading manipulation, Quartz reported. Their crypto exchange, Gemini, will use Nasdaq’s tech to monitor transactions during continuous trading, as well as trading auctions. In a statement, Gemini CEO Tyler Winklevoss said that...
A British personal finance expert is suing Facebook over ads for crypto that reportedly use his likeness, CoinDesk reported. Martin Lewis said that more than 50 ads have appeared on Facebook with his likeness over the past year. Two schemes, in particular, were for scams...
Bitcoin rose above the $9,000 level this past weekend as the cryptocurrency continued to notch gains following Tax Day, CNBC reported. Fundstrat Global Advisors’ Tom Lee had predicted that the digital currency would rebound following Tax Day. Americans were estimated to have owed the IRS...
Iran’s central bank has banned the country’s banks from dealing in all cryptocurrencies, including bitcoin. 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,...
Two men from South Korea were sentenced for running a bitcoin pyramid scheme that stole around 20 billion Korean won ($20 million) from investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
