It’s a mistake that no retailer wants to make when integrating cryptocurrency into an eCommerce platform: Last week, a security firm discovered that Overstock.com had erroneously accepted bitcoin cash instead of bitcoin as payment for a product, CoinDesk reported. Get the Full Story Complete the...
On Wednesday (Jan. 10), Warren Buffett, the billionaire investor, said he believes the bitcoin craze will come to an ending that won’t be good news for investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The end is here for bitcoin in South Korea, it seems, as Reuters is reporting that the government of the Asian nation has officially decided to ban cryptocurrency trading. Police and tax authorities have reportedly been raiding local exchanges on alleged tax evasion charges. Get...
JPMorgan Chase CEO Jamie Dimon may not be interested in bitcoin, but he does regret calling it a fraud. In an interview with Fox Business Network covered by Bloomberg, Dimon said he wished he hadn’t used that terminology when dismissing bitcoin. Get the Full Story Complete...
China has opened a new front in its attempt to crackdown on bitcoin within its national borders with a move to eliminate the nation’s massive bitcoin mining industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Digital payment company PayPal is not betting on bitcoin as of now. In an interview with TheStreet.com, PayPal chief executive officer Dan Schulman said that while PayPal is focused on innovating in the payment market, it’s not focused specifically on the digital currency. Get the Full...
An asset, not a currency. 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 to receive...
South Korean financial authorities, in the form of a joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), are taking a look at six local banks offering virtual currency accounts to institutions. The move comes as regulatory authorities in the nation...
Facing pressure from the Chinese government, bitcoin mining collectives are shifting their operations overseas, 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 our daily...
