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...
Hydro Québec, the largest utility in Canada, is being forced to review its energy strategy amid the surging demand caused by mining of digital currencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. Get the Full Story Complete the form to unlock this article...
In what could be the largest investment of its kind in a blockchain-related firm, a French startup that makes hardware wallets for cryptocurrencies has raised $75 million in a Series B round of funding, CNBC reported. The investment surpasses funding for BitGo and blockchain, which achieved...
Prices go up and prices fall and cryptos capture the imagination of traders, investors…and hackers. As 2018 gets underway, beware the risks beyond trading frenzies – such as being duped by the bad guys, who make off with the digital goods or stage phony IPOs,...
The looming specter of regulatory crackdowns in South Korea on bitcoin and other cryptocurrencies may leave one population collectively shrugging: crypto traders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...