Amid bitcoin’s raging price gains — and its volatility — holders who have struck it rich are putting the pedal to the metal on high-end transactions. In an interview with PYMNTS, Blake Pride-Zorn, general manager of Vegas Auto Gallery in Las Vegas, Nevada, said that...
MIT’s Digital Currency Initiative has launched a new four-year bitcoin software and security effort research and development program, according to a company announcement. The program is aimed at continuing “to harden the bitcoin network” and “reinforce bitcoin’s security and preemptively shore up any vulnerabilities.” DCI...
J.P. Morgan Chase recently sent blockchain payments between satellites orbiting Earth in a test of the Internet of Things (IoT) payments technology. IoT payments technology will allow consumers to pay for products via their smart devices, like having their self-driving car pay for gas, Umar...
Bitcoin has passed another milestone, crossing $57,000 as of Saturday (Feb. 20), according to a CoinDesk report. The price of the coin hit $57,492 on Saturday and then settled back to $57,264,55, up 8.77 percent in the past day. Bitcoin has been surpassing numerous price...
The recent price escalations of the digital currency bitcoin make it a shaky long-term investment, J.P. Morgan said in a memo, Reuters reported on Friday (Feb. 19). “Crypto assets continue to rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits...
MicroStrategy plans to raise $600 million to add additional bitcoin to its investments. The enterprise software firm will raise the funds by selling convertible senior notes to institutional buyers, according to a press release. The notes will mature on February 15, 2027, unless converted, repurchased...
Buoyed by recent high profile investments, bitcoin reached a new all-time high of $50,000 on Sunday (Feb. 14), according to CNBC. Bitcoin, which is the world’s largest cryptocurrency, saw its value surge by over 5 percent and hit its new record of $49,716, according to...
A California resident, Calvin Cheng, is suing T-Mobile USA, Inc. in the United States District Court for the Southern District of New York over a SIM attack that purportedly led him to lose hundreds of thousands of dollars in digital currency, according to the complaint....
Bitcoin has gotten a further boost to its image as Twitter CEO Jack Dorsey posted a picture of his computer running bitcoin “node” software. CNet reported that he let the world know through a tweet. A node helps to validate cryptocurrency transactions and also stores...
