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...
The dominant name in cryptos slipped through an important psychological threshold, making the break below $10,000 for the second time within a week’s span. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
South Korean crypto enthusiasts will no longer be able to use anonymous bank accounts for coin trading starting on January 30th. The move was designed by regulators to make bitcoin a less useful tool for money laundering and other financial crimes. Get the Full Story...
While many companies are clamoring for investors, Coinbase is having the opposite problem: It has so many people lining up to invest, it is actually turning them away. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Cryptocurrency exchanges in South Korea will be gearing up for a massive tax bill as the country seeks to clamp down on its booming digital currency sector, Fortune reports. According to an official in the finance ministry, exchanges with more than 20 billion won ($18.8...
Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. 22), according to news from Reuters. Get the Full Story Complete the form to unlock...
A group of 600 bitcoin millionaires, at least on paper, were undeterred when – while they were partying on the annual Blockchain Cruise – the price of bitcoin dropped from $13,500 to $10,000, underscoring the risks cryptocurrency investors are willing to take on as they...
